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<SEC-DOCUMENT>0000950123-04-002023.txt : 20040218
<SEC-HEADER>0000950123-04-002023.hdr.sgml : 20040218
<ACCEPTANCE-DATETIME>20040218161641
ACCESSION NUMBER:		0000950123-04-002023
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040218
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20040218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALEXANDERS INC
		CENTRAL INDEX KEY:			0000003499
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				510100517
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06064
		FILM NUMBER:		04613460

	BUSINESS ADDRESS:	
		STREET 1:		888 SEVENTH AVENUE
		STREET 2:		*****
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		212-894-7000

	MAIL ADDRESS:	
		STREET 1:		888 SEVENTH AVENUE
		STREET 2:		*****
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>y94358e8vk.txt
<DESCRIPTION>FORM 8-K
<TEXT>
<PAGE>
                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549


                                    FORM 8-K


                                 CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

                Date of Report (Date of earliest event reported):
                                FEBRUARY 18, 2004

                                ALEXANDER'S, INC.
               (Exact name of registrant as specified in charter)

    DELAWARE                       001-06064                   51-0100517
(State or other                   (Commission                 (IRS Employer
jurisdiction of                   File Number)              Identification No.)
 incorporation)

           888 SEVENTH AVENUE                                          10019
           NEW YORK, NEW YORK                                       (Zip Code)
(Address of principal executive offices)

       Registrant's telephone number, including area code: (212) 894-7000

       Former name or former address, if changed since last report: N/A


<PAGE>
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE

      On February 18, 2004, Alexander's, Inc. issued a press release. A copy of
the press release is filed herewith as Exhibit 99.1 and is incorporated herein
by reference.


ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

      (c) Exhibits

      The following document is filed as an exhibit to this report:

           99.1 -- Press release, dated February 18, 2004






                                       2
<PAGE>

                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                               ALEXANDER'S, INC.
                              --------------------------------------------------
                                                 (Registrant)

                              By: /s/ Joseph Macnow
                                  ----------------------------------------------
                                  Joseph Macnow
                                  Executive Vice President -- Finance and
                                  Administration and Chief Financial Officer


Date: February 18, 2004




                                       3

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>y94358exv99w1.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
<PAGE>

                                                                    EXHIBIT 99.1

CONTACT:  JOSEPH MACNOW
          (201) 587-8541
                                                       [ALEXANDER'S, INC. LOGO]

                                                          210 Route 4 East
                                                          Paramus, NJ 07652


FOR IMMEDIATE RELEASE -- FEBRUARY 18, 2004

                       ALEXANDER'S COMPLETES $400 MILLION
                     PERMANENT FINANCING OF A PORTION OF THE
                      LEXINGTON AVENUE DEVELOPMENT PROJECT

      PARAMUS, NEW JERSEY...ALEXANDER'S, INC. (New York Stock Exchange: ALX)
announced today that it has completed a $400 million mortgage financing on the
office space at the Company's Lexington Avenue development project. The loan was
placed by German American Capital Corporation, an affiliate of Deutsche Bank.
The loan bears interest at 5.33%, matures in February 2014 and, beginning in the
third year, provides for principal payments based on a 25-year amortization
schedule such that over the remaining eight years of the loan, ten years of
amortization will be paid. $253 million of the loan proceeds was used to repay
the entire amount outstanding under the existing construction loan with Hypo
Real Estate Capital Corporation ("Hypo").

      The construction loan with Hypo was modified so that the remaining
availability is $237 million, which is approximately the amount estimated to
complete the Lexington Avenue development project. The terms and conditions of
the construction loan are substantially the same as previously existed except
that the office space is no longer collateral. Further, the Hypo construction
loan permits the release of the retail space for a release amount of $15 million
and now requires all proceeds from the sale of the residential condominium units
to be applied to the construction loan balance until it is fully repaid.

      In connection with the repayment of the $253 million of the construction
loan, the Company will write-off $3.1 million, or $0.61 per share, of deferred
financing costs in the first quarter of 2004.

      Alexander's, Inc. is a real estate investment trust, which has six
properties in the greater New York City metropolitan area.

      Certain statements contained herein may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance
or achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, risks associated
with the timing of and costs associated with property improvements, financing
commitments and general competitive factors.

                                      ####


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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