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AI brief of an SEC Form 8-K · ALEXANDERS INC (ALX)

Alexander's Completes $235.5 Million Sale of Rego Park I to Northwell Health

Positive Impact 3 of 5 m&a Written later

Alexander's completed the sale of its Rego Park I shopping center in Queens, New York, to Northwell Health, Inc. The company received $224 million at closing, after $21 million of costs it had paid before closing. It expects a financial statement gain of approximately $148 million in the second quarter.

Key points

  • Gross sales price of $235.5 million; net proceeds of $203 million, with $224 million received at closing
  • Expected financial statement gain of approximately $148 million, to be recognized in the second quarter
  • Tax gain of approximately $145 million: $48 million recognized in 2025 and approximately $97 million in 2026
  • The company describes itself as a REIT with four properties in New York City

The filing

CompanyALEXANDERS INC (ALX)
Form8-K, current report
Filed with the SECMay 28, 2026, 4:18 PM ET
Accession number0000003499-26-000033

Items reported: 7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 28, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.