Alexander's completes $400M refinancing of 731 Lexington Ave office condominium at 5.045% fixed rate

ALEXANDERS INC

New interest-only loan: $400M at 5.045% fixed, matures Oct 2028; prepayable without penalty from Oct 2026.
Replaces prior $490M loan at Prime rate (currently 8.00%) that was scheduled to mature Oct 2024.
Property is Class A Bloomberg LP headquarters building at 731 Lexington Avenue in NYC.

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