AmBase Corp

AmBase is a holding company primarily engaged in managing its assets and liabilities. As of December 31, 2025, the company's assets mainly consisted of cash and cash equivalents. In June 2013, AmBase acquired an equity interest in a real estate development property located at 105 through 111 West 57th Street in New York, New York, through a joint venture. The company is involved in significant disputes and litigation concerning this 111 West 57th Property. In 2017, AmBase recorded an impairment for the full amount of its equity investment in the 111 West 57th Property, despite ongoing litigation challenging actions taken in connection with the "Strict Foreclosure." Before this Strict Foreclosure, the carrying value of this investment represented a substantial portion of the company's assets and net equity value. Historically, in August 1988, AmBase acquired Carteret Bancorp Inc., which, through its subsidiary Carteret Savings Bank, FA, was involved in retail and consumer banking, and mortgage banking, including mortgage servicing. Carteret Savings Bank, FA was placed in receivership on December 4, 1992. The company initiated legal proceedings in 1993 to recover damages from the United States Government for the loss of Carteret Savings Bank, F.A. The company had four full-time and two part-time employees at December 31, 2025. Its executive office is located at 7857 West Sample Road, Suite 134, Coral Springs, Florida 33065.