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Organization and Basis of Presentation (Tables)
12 Months Ended
Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of commercial office properties
As of December 31, 2014, we owned the following interests in commercial office buildings in the New York Metropolitan area, primarily in midtown Manhattan. Our investments in the New York Metropolitan area also include investments in Brooklyn, Long Island, Westchester County, Connecticut and New Jersey, which are collectively known as the Suburban properties:
 
 
 
 
Consolidated
 
Unconsolidated
 
Total
Location
 
Type
 
Number of Properties
 
Approximate Square Feet (unaudited)
 
Number of Properties
 
Approximate Square Feet (unaudited)
 
Number of Properties
 
Approximate Square Feet (unaudited)
 
Weighted Average Occupancy(1)
(unaudited)
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Manhattan
 
Office
 
23

 
18,429,045

 
7

 
3,476,115

 
30

 
21,905,160

 
95.3
%
 
 
Retail
 
9

(2)
403,735

 
7

 
279,628

 
16

 
683,363

 
91.0
%
 
 
Development/Redevelopment
 
9

(3)
1,973,862

 
5

 
1,952,782

 
14

 
3,926,644

 
32.6
%
 
 
Fee Interest
 
2

 
783,530

 

 

 
2

 
783,530

 
100.0
%
 
 
 
 
43

 
21,590,172

 
19

 
5,708,525

 
62

 
27,298,697

 
86.3
%
Suburban
 
Office
 
27

 
4,365,400

 
4

 
1,222,100

 
31

 
5,587,500

 
82.4
%
 
 
Retail
 
1

 
52,000

 

 

 
1

 
52,000

 
100.0
%
 
 
Development/Redevelopment
 
1

 
85,000

 
2

 
65,641

 
3

 
150,641

 
54.2
%
 
 
 
 
29

 
4,502,400

 
6

 
1,287,741

 
35

 
5,790,141

 
81.8
%
Total commercial properties
 
72

 
26,092,572

 
25

 
6,996,266

 
97

 
33,088,838

 
85.5
%
Residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Manhattan
 
Residential
 
3

(2)
735,587

 

 

 
3

 
735,587

 
95.6
%
Suburban
 
Residential
 
1

 
66,611

 

 

 
1

 
66,611

 
89.6
%
Total residential properties
 
4

 
802,198

 

 

 
4

 
802,198

 
95.2
%
Total portfolio
 
76

 
26,894,770

 
25

 
6,996,266

 
101

 
33,891,036

 
85.8
%
____________________________________________________________________
(1)
The weighted average occupancy for commercial properties represents the total occupied square feet divided by total available rentable square feet.  The weighted average occupancy for residential properties represents the total occupied units divided by total available units.
(2)
As of December 31, 2014, we owned a building that was comprised of approximately 270,132 square feet (unaudited) of retail space and approximately 222,855 square feet (unaudited) of residential space. For the purpose of this report, we have included the building as part of retail properties and have shown the square footage under its respective classifications.
(3)
Includes one property which was held for sale as of December 31, 2014 and sold in January 2015.