Schedule III: Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2024

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III: Real Estate and Accumulated Depreciation

ALEXANDER’S, INC. AND SUBSIDIARIES
SCHEDULE III
REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2024
(Amounts in thousands)
COLUMN A	COLUMN B		COLUMN C				COLUMN D		COLUMN E								COLUMN F		COLUMN G	COLUMN H	COLUMN I
									Gross Amount at Which												Life on which Depreciation in Latest Income Statement is Computed
			Initial Cost to Company(1)				Costs Capitalized Subsequent to Acquisition		Carried at Close of Period								Accumulated Depreciation and Amortization
					Buildings and Leasehold Improvements						Buildings and Leasehold Improvements		Development and Construction In Progress
																			Date of Construction	Date Acquired(1)
Description	Encumbrances(2)		Land						Land						Total(3)
Rego Park I	$	—	$	1,647	$	8,953	$	92,868	$	1,647	$	100,327	$	1,494	$	103,468	$	49,616	1959	1992	3-39 years
Rego Park II	202,544		3,127		1,467		403,946		3,127		400,113		5,300		408,540		146,937		2009	1992	3-40 years
The Alexander apartment tower	94,000		—		—		115,091		—		115,091		—		115,091		30,283		2016	1992	3-39 years
Flushing	—		—		1,660		(107)		—		1,553		—		1,553		1,383		1975(4)	1992	N/A
Lexington Avenue	700,000		14,432		12,355		429,758		27,497		429,048		—		456,545		215,408		2003	1992	9-39 years
TOTAL	$	996,544	$	19,206	$	24,435	$	1,041,556	$	32,271	$	1,046,132	$	6,794	$	1,085,197	$	443,627
(1) Initial cost is as of May 15, 1992 (the date on which the Company commenced its real estate operations).
(2) Excludes deferred debt issuance costs, net of $8,525.
(3) The net basis of the Company’s assets and liabilities for tax purposes is approximately $133,704 lower than the amount reported for financial statement purposes.
(4) Represents the date the lease was acquired.

ALEXANDER’S, INC. AND SUBSIDIARIES
SCHEDULE III
REAL ESTATE AND ACCUMULATED DEPRECIATION
(Amounts in thousands)
	December 31,
	2024		2023		2022
REAL ESTATE:
Balance at beginning of period	$	1,066,620	$	1,084,598	$	1,069,426
Additions during the period:
Land	—		—		—
Buildings and leasehold improvements	8,242		2,959		15,002
Development and construction in progress	12,577		1,346		193
	1,087,439		1,088,903		1,084,621
Less:
Assets sold	—		(14,186)		—
Assets written-off	(2,242)		(8,097)		(23)
Balance at end of period	$	1,085,197	$	1,066,620	$	1,084,598
ACCUMULATED DEPRECIATION:
Balance at beginning of period	$	415,903	$	396,268	$	370,557
Depreciation expense	29,966		28,137		25,734
	445,869		424,405		396,291
Less:
Accumulated depreciation on assets sold	—		(405)		—
Accumulated depreciation on assets written-off	(2,242)		(8,097)		(23)
Balance at end of period	$	443,627	$	415,903	$	396,268