secwatch.observer — SEC 8-K summary
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Issuer:     ALEXANDERS INC (ALX)
CIK:        0000003499
Form:       8-K
Filed at:   2026-03-09T23:59:59+00:00
Accession:  0000003499-26-000010
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3499/000000349926000010/0000003499-26-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3499/000000349926000010/alx-20260306.htm
  HTML page:      https://secwatch.observer/filing/0000003499-26-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer