---
schema_version: "secwatch.filing_event.v1"
accession: "0000003499-23-000010"
form_type: "8-K"
ticker: "ALX"
cik: "0000003499"
company_name: "ALEXANDERS INC"
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T06:00:04.864317+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alexander's sells Rego Park III land parcel for $71M, expects $54M gain

## Summary
- Sale price $71 million includes consideration for Brownfield tax benefits and cost reimbursements.
- Financial statement gain expected to be approximately $54 million.
- Property consists of 670,000 buildable sq ft in an Opportunity Zone, eligible for 421a program and Brownfield credits.
- Sale expected to close in Q2 2023, subject to customary closing conditions.

## SEC filing metadata
- accession: 0000003499-23-000010
- form_type: 8-K
- ticker: ALX
- cik: 0000003499
- company_name: ALEXANDERS INC
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/3499/000000349923000010/0000003499-23-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/3499/000000349923000010/alx-20230308.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000003499-23-000010
- JSON: https://secwatch.observer/filing/0000003499-23-000010.json
- Plain text: https://secwatch.observer/filing/0000003499-23-000010.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.