Alexander's to sell Rego Park I to Northwell Health for $235.5M; net proceeds $202M

ALEXANDERS INC

Gross purchase price $235.5M cash; net proceeds $202M; expected close by Q3 2026.
Property: vacant three-story 338K sq ft structure and 1,236-space parking garage on 5.9 acres in Queens, NY.
Financial statement gain ~$147M; tax gain ~$145M; $48M recognized in 2025, ~$97M in 2026.
Sale is subject to customary closing conditions and the property is unencumbered.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.97

ALEXANDERS INC entered into Agreement of Purchase and Sale with Northwell Health, Inc. valued at $235.5 million (effective 2026-03-06).

Action: entry
Agreement: asset purchase
Counterparty: Northwell Health, Inc.
Value: $235.5 million
Effective: 2026-03-06

Exact text from the filing

On March 6, 2026 , Alexander’s Rego Shopping Center LLC, a wholly-owned subsidiary of Alexander’s, Inc. (the “Company”), entered into an Agreement of Purchase and Sale (the “Agreement”) with Northwell Health, Inc. (“Northwell”) to sell its Rego Park I shopping center (“Rego Park I”) located in Queens to Northwell for $235.5 million in cash payable upon closing.

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ALEXANDERS INC filing history →

Source: SEC EDGAR

accession 0000003499-26-000010

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