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Organization and Basis of Presentation (Tables)
3 Months Ended
Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of commercial office properties
As of March 31, 2016, we owned the following interests in properties 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
 
Property
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
 
27

(2)
21,003,606

 
6

 
4,244,139

 
33

 
25,247,745

 
95.9
%
 
 
Retail
 
10

(3)
418,093

 
9

 
347,970

 
19

 
766,063

 
88.1
%
 
 
Development/Redevelopment
 
3

 
42,635

 
3

 
733,624

 
6

 
776,259

 
30.5
%
 
 
Fee Interest
 
1

 
176,530

 

 

 
1

 
176,530

 
100.0
%
 
 
 
 
41

 
21,640,864

 
18

 
5,325,733

 
59

 
26,966,597

 
93.8
%
Suburban
 
Office
 
26

 
4,235,300

 
2

 
640,000

 
28

 
4,875,300

 
81.7
%
 
 
Retail
 
1

 
52,000

 

 

 
1

 
52,000

 
100.0
%
 
 
Development/Redevelopment
 
1

 
1,000

 
1

 

 
2

 
1,000

 
100.0
%
 
 
 
 
28

 
4,288,300

 
3

 
640,000

 
31

 
4,928,300

 
81.9
%
Total commercial properties
 
69

 
25,929,164

 
21

 
5,965,733

 
90

 
31,894,897

 
92.0
%
Residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Manhattan
 
Residential
 
4

(3)
762,587

 
17

 
2,193,424

 
21

 
2,956,011

 
95.4
%
Suburban
 
Residential
 



 

 

 

 

 
%
Total residential properties
 
4

 
762,587

 
17

 
2,193,424

 
21

 
2,956,011

 
95.4
%
Total portfolio(3)
 
73

 
26,691,751

 
38

 
8,159,157

 
111

 
34,850,908

 
92.3
%
____________________________________________________________________
(1)
The weighted average occupancy for commercial properties represents the total occupied square feet divided by total acquisition square footage.  The weighted average occupancy for residential properties represents the total occupied units divided by total available units.
(2)
Includes the property at 388-390 Greenwich Street, which is classified as held for sale at March 31, 2016.
(3)
As of March 31, 2016, 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 in the retail properties count and have bifurcated the square footage into the retail and residential components.