Alexander's Completes $235.5 Million Sale of Rego Park I to Northwell Health-May 2024-www.financetom.com

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

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

May 28, 2026 3:00 PM

05:33 PM EDT, 05/28/2026 (MT Newswires) -- Alexander's (ALX) said Thursday it completed the sale of its Rego Park I property in Queens, New York, to Northwell Health for $235.5 million.

The real estate investment trust received $224 million in proceeds at closing. Net proceeds totaled $203 million after $21 million in previously paid costs.

The company expects to recognize a financial-statement gain of about $148 million in Q2. The transaction carries a tax gain of about $145 million, with $48 million recognized in 2025 and the remaining $97 million in 2026.

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