SECURITIES AND EXCHANGE COMMISSION
                       Washington, DC 20549

                          Schedule 13G

             Under the Securities Exchange Act of 1934
                       (Amendment No.     )*


                      Alexander's Incorporated
       
                         (Name of Issuer)

                           Common Stock
        
                   (Title of Class of Securities)

                           014 752 109                          
                          (CUSIP Number)


Check the following box if a fee is being paid with this statement
(check mark). (A fee is not required only if the filing person: (1) has a
previous statement on file  reporting beneficial ownership of more
than five percent of the class of securities  described in Item 1;
and  (2)  has  filed  no amendment  subsequent  thereto  reporting
beneficial ownership of five percent or less of such class.)  (See
Rule 13d-7.)

*  The remainder  of this  cover page  shall be  filled out  for a
reporting person's initial filing on this form with respect to the
subject  class of  securities,  and for  any subsequent  amendment
containing information which would alter the  disclosures provided
in a prior cover page.

The information required in the remainder of this cover page shall
not be  deemed to be "filed" for the purpose  of Section 18 of the
Securities Exchange Act  of 1934 ("Act")  or otherwise subject  to
the liabilities of that section of the Act but shall be subject to
all other provisions of the Act (however, see the Notes).



               (Continued on the following page(s))
                       Page 1 of  4   Pages

Page 2 of 4 CUSIP NO. 014 752 109 (1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons: First Union Corporation 56-0898180 (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [ ] (3) SEC Use Only (4) Citizenship or Place of Organization: First Union Corporation - North Carolina Number of Shares (5)Sole Voting Power 232,210 Beneficially (6)Shared Voting Power 32,800 Owned by Each (7)Sole Dispositive Power 265,010 Reporting Person With: (8)Shared Dispositive Power (9) Aggregate Amount Beneficially Owned by Each Reporting Person 265,010 (10) Check if the Aggregate Amount in Row 9 Excludes Certain Shares (See Instructions) [ ] (11) Percent of Class Represented by Amount in Row 9 5.3% (12) Type of Reporting Person (See Instructions) First Union Corporation (HC)

Page 3 of 4 Item 1(a) Name of Issuer: Alexander's Incorporated Item 1(b) Address of Issuer's Principal Executive Office: 31 West 34th Street New York, NY 10001 Item 2(a) Name of Person Filing: First Union Corporation Item 2(b) Address of Principal Office: One First Union Center Charlotte, North Carolina 28288 Item 2(c) Citizenship: First Union Corporation - North Carolina Item 2(d) Title of Class of Securities: Common Stock Item 2(e) CUSIP Number: 014 752 109 Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d- 2(b), check whether the person filing is a: (g) [X] Parent Holding Company, in accordance with section 240.13d-1(b) (ii) (G) Item 4 Ownership: (a) Amount Beneficially Owned: 265,010 (b) Percent of Class: 5.3% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 232,210 (ii) Shared power to vote or to direct the vote 32,800 (iii) Sole power to dispose or to direct the disposition of 265,000 (iv) Shared power to dispose or to direct the disposition of Item 5 Ownership of Five Percent or Less of a Class: Not applicable Item 6 Ownership of More Than Five Percent on Behalf of Another Person: Not applicable

Page 4 of 4 Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: Evergreen Asset Management Group (IA) 13-2682544 Lieber and Company (IA) 13-2639722 Item 8 Identification and Classification of Members of the Group: Not applicable Item 9 Notice of Dissolution of Group: Not applicable Item 10 Certification: By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. Signature: After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. FIRST UNION CORPORATION Date February 13, 1995 Signature Dorothy F. Crowe Assistant Vice President & Compliance Officer Exhibit First Union Corporation is filing this schedule pursuant to Rule 13d- 1(b)(ii)(G) as indicated under Item 3(g). The relevant subsidiaries are Evergreen Asset Management Group (IA) and Lieber and Company (IA).