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Northwell Health Acquires Former Alexander’s Department Store In Rego Park For $236M

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SOLD
$236,000,000

New York

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Retail340,000 SF
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Property Image
SOLD

Northwell Health Acquires Former Alexander’s Department Store In Rego Park For $236M

96-05 Queens Boulevard

See Similar Deals
Retail340,000 SF
Sold
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$694
Total Square Footage:340000 SF
Transaction Type:Sale

The property asset involved in this transaction is a long-vacant former department store located at 96-05 Queens Boulevard in Rego Park. The retail asset spans 340,000 square feet and was purchased by Northwell Health for $236 million, which translates to a price per square foot of $694.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $236,000,000
  • Buyer: Northwell Health
  • Seller: Steven Roth - Alexander’s Inc
  • Square Footage: 340,000
  • Price per Square Foot: $694

This transaction sees Northwell Health acquire the former Alexander’s department store from Steven Roth, marking a significant deal that results in a nearly $150 million gain for Roth and partners. Notably, the property had a historical context, as Donald Trump once held a major stake in Alexander's and had former disputes with Roth over its real estate portfolio during the 1990s.

Players

Northwell Health
Northwell Health
BUYER
Steven Roth
Steven Roth
42 deals$3.7B volume
SELLER

Details

SOLD
IMAGE: Steven Roth DATE: 03/09/2026 ADDRESS: 96-05 Queens Boulevard MARKET: Rego Park ASSET TYPE: Retail BUYER: Northwell Health SELLER: Steven Roth - Alexander’s Inc SALE PRICE: $236,000,000 SF: 340,000 ~ PPSF: $694 NOTE: Northwell Health bought the long-vacant 340,000-square-foot former Alexander’s department store in Rego Park from Steven Roth for $236 million, giving Roth and partners a nearly $150 million gain. Fun Fact: Donald Trump once owned a major stake in Alexander’s and battled Steven Roth over its real estate in the 1990s. Roth ultimately won control of the portfolio. Fast forward 30 years, and he’s selling those former department store sites for hundreds of millions.

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