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Investment in Unconsolidated Joint Ventures (Details) (USD $)
Sep. 30, 2014
sqft
Sep. 30, 2014
100 Park Avenue
sqft
Sep. 30, 2014
717 Fifth Avenue
sqft
Sep. 30, 2014
800 Third Avenue
sqft
Sep. 30, 2014
1745 Broadway
sqft
Sep. 30, 2014
1 and 2 Jericho Plaza
sqft
Sep. 30, 2014
The Meadows
sqft
Sep. 30, 2014
600 Lexington Avenue
sqft
Sep. 30, 2014
11 West 34th Street
sqft
Sep. 30, 2014
7 Renaissance
sqft
Sep. 30, 2014
3 Columbus Circle
sqft
Sep. 30, 2014
280 Park Avenue
sqft
Sep. 30, 2014
1552-1560 Broadway
sqft
Dec. 31, 2013
1552-1560 Broadway
sqft
Sep. 30, 2014
724 Fifth Avenue
sqft
Sep. 30, 2014
10 East 53rd Street
sqft
Sep. 30, 2014
33 Beekman
floor
sqft
Sep. 30, 2014
521 Fifth Avenue
sqft
Sep. 30, 2014
21 East 66th Street
sqft
Sep. 30, 2014
21 East 66th Street
Three retail units
unit
Sep. 30, 2014
21 East 66th Street
2 residential units
unit
Sep. 30, 2014
21 East 66th Street
Four residential units
unit
Sep. 30, 2014
315 West 36th Street
sqft
Sep. 30, 2014
650 Fifth Avenue
sqft
Oct. 31, 2014
650 Fifth Avenue
Joint Venture
Total floating rate
Subsequent event
Sep. 30, 2014
121 Greene Street
sqft
General information on each joint venture                                                    
Ownership Interest (as a percent)   49.90% 10.92% 42.95% 32.26% 20.26% 50.00% 55.00% 30.00% 50.00% 48.90% [1] 50.00% 50.00% [2]   50.00% 55.00% 45.90% [3] 50.50% 32.28% [4] 32.28%   16.14% 35.50% 50.00% [5]   50.00%
Economic Interest (as a percent)   49.90% 10.92% 42.95% 32.26% 20.26% 50.00% 55.00% 30.00% 50.00% 48.90% [1] 49.50% 50.00% [2]   50.00% 55.00% 45.90% [3] 50.50% 32.28% [4]       35.50% 50.00% [5]   50.00%
Area of property (sqft) 33,892,903 834,000 120,000 526,000 674,000 640,000 582,000 304,000 17,000 37,000 769,000 [1] 1,237,000 49,000 [2] 13,045 65,000 390,000 145,000 [3] 460,000 17,000 [4]       148,000 32,000 [5]   7,000
Acquisition Price   $ 95,800,000 [6] $ 251,900,000 [6] $ 285,000,000 [6] $ 520,000,000 [6] $ 210,000,000 [6] $ 111,500,000 [6] $ 193,000,000 [6] $ 10,800,000 [6] $ 4,000,000 [6] $ 500,000,000 [1],[6] $ 400,000,000 [6] $ 136,550,000 [2],[6]   $ 223,000,000 [6] $ 252,500,000 [6] $ 31,000,000 [3],[6] $ 315,000,000 [6] $ 75,000,000 [4],[6]       $ 45,000,000 [6] $ 0 [5],[6]   $ 28,200,000
Number of floors of student housing (floors)                                 30                  
Number of units in property (units)                                       3 2 4        
Face amount of loan                                                 97,000,000  
Initial funding on mortgage loan                                                 $ 65,000,000  
[1] As a result of the sale of a condominium interest in September 2012, Young & Rubicam, Inc., or Y&R, owns a portion of the property, generally floors three through eight referred to as Y&R units. Because the joint venture has an option to repurchase the Y&R units, the gain associated with this sale was deferred.
[2] The purchase price pertained only to the purchase of the 1552 Broadway interest which comprised 13,045 square feet. The joint venture also owns a long-term leasehold interest in the retail space and certain other spaces at 1560 Broadway, which is adjacent to 1552 Broadway.
[3] The joint venture owns a fee interest in the property and will develop an approximately 30 story building for student housing. Upon completion of the development, the joint venture will convey a long-term ground lease condominium interest in the building to Pace.
[4] We hold a 32.28% interest in three retail and two residential units at the property and a 16.14% interest in four residential units at the property.
[5] The joint venture owns a long-term leasehold interest in the retail space at 650 Fifth Avenue. In connection with the ground lease obligation, SLG provided a performance guaranty and Sutton executed a contribution agreement to reflect its pro rata obligation. In the event the property is converted into a condominium unit and the landlord elects the purchase option, the joint venture shall be obligated to acquire the unit at the then fair value. In October 2014, the joint venture closed on a $97.0 million floating rate leasehold mortgage with an initial funding of $65.0 million.
[6] Acquisition price represents the actual or implied gross purchase price for the joint venture.