secwatch.observer — SEC 8-K summary
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Issuer:     ALEXANDERS INC (ALX)
CIK:        0000003499
Form:       8-K
Filed at:   2023-03-10T23:59:59+00:00
Accession:  0000003499-23-000010
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3499/000000349923000010/0000003499-23-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3499/000000349923000010/alx-20230308.htm
  HTML page:      https://secwatch.observer/filing/0000003499-23-000010

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