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Organization and Basis of Presentation (Tables)
12 Months Ended
Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of commercial office properties
As of December 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
 
24

 
16,054,606

 
7

 
6,558,139

 
31

 
22,612,745

 
94.9
%
 
 
Retail
 
10

(2)
418,093

 
9

 
347,970

 
19

 
766,063

 
85.6
%
 
 
Development/Redevelopment
 
3

 
42,635

 
3

 
770,514

 
6

 
813,149

 
52.3
%
 
 
Fee Interest
 
1

 
176,530

 
1

 
26,926

 
2

 
203,456

 
100.0
%
 
 
 
 
38

 
16,691,864

 
20

 
7,703,549

 
58

 
24,395,413

 
93.2
%
Suburban
 
Office
 
25

 
4,113,800

 
2

 
640,000

 
27

 
4,753,800

 
82.6
%
 
 
Retail
 
1

 
52,000

 

 

 
1

 
52,000

 
100.0
%
 
 
Development/Redevelopment
 
1

 
1,000

 
1

 

 
2

 
1,000

 
100.0
%
 
 
 
 
27

 
4,166,800

 
3

 
640,000

 
30

 
4,806,800

 
82.8
%
Total commercial properties
 
65

 
20,858,664

 
23

 
8,343,549

 
88

 
29,202,213

 
91.5
%
Residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Manhattan
 
Residential
 
3

(2)
472,105

 
18

 
3,247,764

 
21

 
3,719,869

 
83.8
%
Suburban
 
Residential
 



 

 

 

 

 
%
Total residential properties
 
3

 
472,105

 
18

 
3,247,764

 
21

 
3,719,869

 
83.8
%
Total portfolio
 
68

 
21,330,769

 
41

 
11,591,313

 
109

 
32,922,082

 
90.6
%
____________________________________________________________________
(1)
The weighted average occupancy for commercial properties represents the total occupied square feet divided by total square footage at acquisition.  The weighted average occupancy for residential properties represents the total occupied units divided by total available units.
(2)
As of December 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 number of retail properties we own. However, we have included only the retail square footage in the retail approximate square footage, and have listed the balance of the square footage as residential square footage.