secwatch.observer — SEC 8-K summary
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Issuer:     ALEXANDERS INC (ALX)
CIK:        0000003499
Form:       8-K
Filed at:   2026-05-28T20:18:09+00:00
Accession:  0000003499-26-000033
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alexander's completes $235.5M sale of Rego Park I to Northwell Health; Q2 gain ~$148M
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- Gross sales price $235.5M; net proceeds $203M; received $224M at closing after $21M pre-paid costs.
- Financial statement gain of ~$148M to be recognized in Q2 2026.
- Tax gain ~$145M; $48M recognized in 2025, ~$97M to be recognized in 2026.
- Property is Rego Park I shopping center in Queens, NY; buyer is Northwell Health, Inc.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3499/000000349926000033/0000003499-26-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3499/000000349926000033/alx-20260528.htm
  HTML page:      https://secwatch.observer/filing/0000003499-26-000033

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