The property asset involved in this transaction is a development site located at 96-05 Queens Boulevard in the Rego Park area. The sale price was $235,500,000 with a building square footage of 1,228,800, providing a price per building square foot of $191.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $235,500,000
• Building Square Footage: 1,228,800
• Price Per Building Square Foot: $191
• Buyer: John D’Angelo - Northwell Health
• Seller: Steve Roth - Alexander's, Inc.
• Seller's Representative: Bob Knakal & Seth Samowitz - BKREA
• Date of Transaction: 5/28/2026

The transaction was represented by the seller's representatives Bob Knakal and Seth Samowitz from BKREA, who facilitated the sale on behalf of the seller, Alexander's, Inc., under the leadership of Steve Roth. The buyer, John D’Angelo, is affiliated with Northwell Health, marking a significant deal in the development sector.