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Organization and Basis of Presentation (Tables)
9 Months Ended
Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of commercial office properties
As of September 30, 2017, 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

 
93.4
%

 
Retail
 
4

(2)
302,583

 
9

 
347,970

 
13

 
650,553

 
94.5
%

 
Development/Redevelopment
 
7


158,985

 
4

 
770,514

 
11

 
929,499

 
59.9
%

 
Fee Interest
 
1


176,530

 
1

 

 
2

 
176,530

 
100.0
%

 

 
36


16,692,704

 
21

 
7,676,623

 
57

 
24,369,327

 
92.2
%
Suburban
 
Office
 
22

(3)(4)
3,608,800

 
2

 
640,000

 
24

 
4,248,800

 
83.1
%

 
Retail
 
1


52,000

 

 

 
1

 
52,000

 
100.0
%

 
Development/Redevelopment
 
1


1,000

 
1

 

 
2

 
1,000

 
100.0
%

 

 
24


3,661,800

 
3

 
640,000

 
27

 
4,301,800

 
83.3
%
Total commercial properties
 
60


20,354,504

 
24

 
8,316,623

 
84

 
28,671,127

 
90.8
%
Residential:
 

 



 

 

 

 

 

Manhattan
 
Residential
 
3

(2)
472,105

 
12

 
2,656,856

 
15

 
3,128,961

 
86.4
%
Suburban
 
Residential
 



 

 

 

 

 
%
Total residential properties
 
3


472,105

 
12

 
2,656,856

 
15

 
3,128,961

 
86.4
%
Total portfolio(2)(3)
 
63


20,826,609

 
36

 
10,973,479

 
99

 
31,800,088

 
90.4
%
    
(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 September 30, 2017, we owned a building at 315 West 33rd Street, also known as The Olivia, 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 this 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.
(3)
Includes the properties at 16 Court Street in Brooklyn, New York, and 125 Chubb Avenue in Lyndhurst, New Jersey which are classified as held for sale at September 30, 2017. The sales closed in October 2017.