---
schema_version: "secwatch.filing_event.v1"
accession: "0000003499-26-000010"
form_type: "8-K"
ticker: "ALX"
cik: "0000003499"
company_name: "ALEXANDERS INC"
filed_at: "2026-03-09T23:59:59+00:00"
generated_at: "2026-05-15T18:18:30.917466+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000003499-26-000010
- form_type: 8-K
- ticker: ALX
- cik: 0000003499
- company_name: ALEXANDERS INC
- filed_at: 2026-03-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/3499/000000349926000010/0000003499-26-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/3499/000000349926000010/alx-20260306.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000003499-26-000010
- JSON: https://secwatch.observer/filing/0000003499-26-000010.json
- Plain text: https://secwatch.observer/filing/0000003499-26-000010.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/3499/000000349926000010/0000003499-26-000010-index.htm

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