Schedule III - Real Estate And Accumulated Depreciation

12 Months Ended

Dec. 31, 2016

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate And Accumulated Depreciation

Column A	Column B	Column C Initial Cost		Column D Cost Capitalized Subsequent To Acquisition				Column E Gross Amount at Which Carried at Close of Period			Column F	Column G	Column H	Column I
Description	Encumbrances	Land	Building & Improvements	Land		Building & Improvements		Land	Building & Improvements	Total	Accumulated Depreciation	Date of Construction	Date Acquired	Life on  Which Depreciation is Computed
420 Lexington Ave(1)	300,000	—	107,832	—		239,911		—	347,743	347,743	139,418	1927	3/1998	Various
711 Third Avenue(1)(2)	—	19,844	42,499	—		57,916		19,844	100,415	120,259	34,418	1955	5/1998	Various
555 W. 57th Street(1)	—	18,846	78,704	—		59,564		18,846	138,268	157,114	58,187	1971	1/1999	Various
220 East 42nd Street(1)	275,000	50,373	203,727	635		85,907		51,008	289,634	340,642	90,730	1929	2/2003	Various
461 Fifth Avenue(1)	—	—	62,695	—		10,723		—	73,418	73,418	26,105	1988	10/2003	Various
750 Third Avenue(1)	—	51,093	205,972	—		39,436		51,093	245,408	296,501	85,282	1958	7/2004	Various
625 Madison Ave(1)	—	—	246,673	—		41,937		—	288,610	288,610	97,690	1956	10/2004	Various
485 Lexington Avenue(1)	450,000	77,517	326,825	765		94,646		78,282	421,471	499,753	155,321	1956	12/2004	Various
609 Fifth Avenue(1)	—	36,677	145,954	—		8,270		36,677	154,224	190,901	41,993	1925	6/2006	Various
810 Seventh Avenue(1)	—	114,077	476,386	—		65,985		114,077	542,371	656,448	145,216	1970	1/2007	Various
919 Third Avenue(1)(3)	500,000	223,529	1,033,198	35,410		42,038		258,939	1,075,236	1,334,175	274,778	1970	1/2007	Various
1185 Avenue of the Americas(1)	—	—	728,213	—		39,403		—	767,616	767,616	221,415	1969	1/2007	Various
1350 Avenue of the Americas(1)	—	91,038	380,744	—		37,736		91,038	418,480	509,518	114,264	1966	1/2007	Various
1100 King Street— 1-7 International Drive(4)	—	49,392	104,376	(24,004	)	23,954		25,388	128,330	153,718	35,062	1983/1986	1/2007	Various
520 White Plains Road(4)	—	6,324	26,096	—		6,602		6,324	32,698	39,022	9,158	1979	1/2007	Various
115-117 Stevens Avenue(4)	—	5,933	23,826	—		5,390		5,933	29,216	35,149	7,622	1984	1/2007	Various
100 Summit Lake Drive(4)	—	10,526	43,109	—		8,476		10,526	51,585	62,111	15,149	1988	1/2007	Various
200 Summit Lake Drive(4)	—	11,183	47,906	—		10,448		11,183	58,354	69,537	16,543	1990	1/2007	Various
500 Summit Lake Drive(4)	—	9,777	39,048	—		5,290		9,777	44,338	54,115	11,672	1986	1/2007	Various
360 Hamilton Avenue(4)	—	29,497	118,250	—		13,844		29,497	132,094	161,591	35,784	2000	1/2007	Various
1-6 Landmark Square(5)	100,000	50,947	195,167	—		45,253		50,947	240,420	291,367	61,359	1973-1984	1/2007	Various
7 Landmark Square(5)	—	2,088	7,748	(367	)	670		1,721	8,418	10,139	1,032	2007	1/2007	Various
680 Washington Boulevard(3)(5)	—	11,696	45,364	—		10,126		11,696	55,490	67,186	14,462	1989	1/2007	Various
750 Washington Boulevard(3)(5)	—	16,916	68,849	—		8,350		16,916	77,199	94,115	19,727	1989	1/2007	Various
1010 Washington Boulevard(5)	—	7,747	30,423	—		6,598		7,747	37,021	44,768	9,722	1988	1/2007	Various
400 Summit Lake Drive(4)	—	38,889	1	285		2		39,174	3	39,177	—	---	1/2007	N/A
1055 Washington Boulevard(5)	—	13,516	53,228	—		7,559		13,516	60,787	74,303	15,655	1987	6/2007	Various
1 Madison Avenue(1)	517,806	172,641	654,394	905		15,381		173,546	669,775	843,321	158,913	1960	8/2007	Various
125 Chubb Way(6)	—	5,884	25,958	—		25,556		5,884	51,514	57,398	9,170	2008	1/2008	Various
100 Church Street(1)	221,446	32,494	79,996	2,500		90,141		34,994	170,137	205,131	40,466	1959	1/2010	Various
125 Park Avenue(1)	—	120,900	189,714	—		68,264		120,900	257,978	378,878	54,736	1923	10/2010	Various
885 Third Avenue(1)	267,650	131,766	—	110,771		—		242,537	—	242,537	—	---	12/2010	N/A
Williamsburg(7)	—	3,677	14,708	2,523		(4,550	)	6,200	10,158	16,358	1,604	2010	12/2010	Various
1515 Broadway(1)	888,531	462,700	707,938	1,145		136,457		463,845	844,395	1,308,240	137,847	1972	4/2011	Various
110 East 42nd Street(1)	—	34,000	46,411	2,354		21,634		36,354	68,045	104,399	15,275	1921	5/2011	Various

Column A	Column B		Column C Initial Cost				Column D Cost Capitalized Subsequent To Acquisition						Column E Gross Amount at Which Carried at Close of Period						Column F		Column G	Column H	Column I
Description	Encumbrances		Land		Building & Improvements		Land			Building & Improvements			Land		Building & Improvements		Total		Accumulated Depreciation		Date of Construction	Date Acquired	Life on  Which Depreciation is Computed
400 East 58th Street(1)(8)	40,000		17,549		30,916		—			7,048			17,549		37,964		55,513		4,199		1929	1/2012	Various
752 Madison Avenue(1)	—		282,415		7,131		1,871			10			284,286		7,141		291,427		1,068		1996/2012	1/2012	Various
762 Madison Avenue(1)(8)	7,694		6,153		10,461		—			90			6,153		10,551		16,704		1,359		1910	1/2012	Various
19-21 East 65th Street(1)(8)	—		—		7,389		—			148			—		7,537		7,537		947		1928-1940	1/2012	Various
304 Park Avenue(1)	—		54,189		75,619		300			11,792			54,489		87,411		141,900		13,322		1930	6/2012	Various
635 Sixth Avenue(1)	—		24,180		37,158		163			50,189			24,343		87,347		111,690		4,428		1902	9/2012	Various
641 Sixth Avenue(1)	—		45,668		67,316		308			3,076			45,976		70,392		116,368		9,339		1902	9/2012	Various
1080 Amsterdam(1)(9)	3,525		—		27,445		—			20,521			—		47,966		47,966		2,950		1932	10/2012	Various
16 Court Street(7)	—		19,217		63,210		—			16,092			19,217		79,302		98,519		10,366		1927-1928	4/2013	Various
315 West 33rd Street (1)	—		195,834		164,429		—			8,919			195,834		173,348		369,182		15,160		2000-2001	11/2013	Various
562 Fifth Avenue(1)	—		57,052		10,487		—			1,213			57,052		11,700		68,752		2,735		1909/1920/1921	11/2013	Various
719 Seventh Avenue(1)(10)	37,388		41,850		—		1,288			27,265			43,138		27,265		70,403		—		1927	7/2014	Various
115 Spring Street(1)	—		11,078		44,799		—			1,686			11,078		46,485		57,563		2,918		1900	7/2014	Various
635 Madison(1)	—		205,632		15,805		—			—			205,632		15,805		221,437		910			9/2014	N/A
102 Greene Street(1)	—		8,215		26,717		35			482			8,250		27,199		35,449		888		1910	11/2014	Various
1640 Flatbush Avenue(7)	—		6,226		501		—			127			6,226		628		6,854		22		1966	3/2015	Various
One Vanderbilt (1)(11)	64,030		80,069		116,557		—			191,441			80,069		307,998		388,067		—		N/A	6/2001 - 11/2011	Various
Upper East Side Residential (1)(12)	—		48,152		—		—			—			48,152		—		48,152		—		1930	6/2015	Various
110 Greene Street (1)(8)	—		45,120		215,470		—			3,985			45,120		219,455		264,575		9,459		1910	7/2015	Various
187 Broadway (1)	8,400		7,600		9,412		(266		)	(262		)	7,334		9,150		16,484		3,145		1969	8/2015	Various
5-7 Dey Street (1)	31,600		13,400		34,175		(468		)	(5		)	12,932		34,170		47,102		11,704		1921	8/2015	Various
30 East 40th Street (1)	—		4,650		20,000		2			1,031			4,652		21,031		25,683		295		1927	8/2015	Various
600 Lexington Avenue (1)(13)	—		81,670		182,447		(2,166		)	(1,607		)	79,504		180,840		260,344		6,443		1983	12/2015	Various
183 Broadway(1)	18,000		5,799		23,431		385			715			6,184		24,146		30,330		4,591		1920	3/2016	Various
Other(14)	—		2,134		7,922		(3		)	20			2,131		7,942		10,073		2,671				Various
Total	$	3,731,070	$	3,175,339	$	7,760,729	$	134,371		$	1,672,893		$	3,309,710	$	9,433,622	$	12,743,332	$	2,264,694

______________________________________________________________________

(1) Property located in New York, New York.

(2) We own a 50.0% interest in this property.

(3) We own a 51.0% interest in this property.

(4) Property located in Westchester County, New York.

(5) Property located in Connecticut.

(6) Property located in New Jersey.

(7) Property located in Brooklyn, New York.

(8) We own a 90.0% interest in this property.

(9) We own a 92.5% interest in this property.

(10) We own a 75.0% interest in this property.

(11) Properties at 317 Madison Avenue, 331 Madison Avenue and 51 East 42nd Street were demolished in preparation of the development site for the One Vanderbilt project.

(12) We own a 95.1% interest in this property.

(13) In May 2010 we acquired a 55.0% interest in this property for $193.0 million. In December 2015 we acquired the additional 45.0% interest in this property, thereby consolidating full ownership of the property. The December 2015 transaction valued the consolidated interests at $277.3 million.

(14) Other includes tenant improvements of eEmerge, capitalized interest and corporate improvements.

The changes in real estate for the years ended December 31, 2016, 2015 and 2014 are as follows (in thousands):

	2016			2015			2014
Balance at beginning of year	$	16,681,602		$	14,069,141		$	12,333,780
Property acquisitions	29,230			3,064,137			2,428,259
Improvements	426,060			396,555			379,295
Retirements/disposals/deconsolidation	(4,393,560		)	(848,231		)	(1,072,193		)
Balance at end of year	$	12,743,332		$	16,681,602		$	14,069,141

The aggregate cost of land, buildings and improvements, before depreciation, for Federal income tax purposes at December 31, 2016 was $9.2 billion (unaudited).

The changes in accumulated depreciation, exclusive of amounts relating to equipment, autos, and furniture and fixtures, for the years ended December 31, 2016, 2015 and 2014 are as follows (in thousands):

	2016			2015			2014
Balance at beginning of year	$	2,060,706		$	1,905,165		$	1,646,240
Depreciation for year	353,502			480,523			307,823
Retirements/disposals/deconsolidation	(149,514		)	(324,982		)	(48,898		)
Balance at end of year	$	2,264,694		$	2,060,706		$	1,905,165