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Organization and Basis of Presentation (Tables)
3 Months Ended
Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of commercial office properties
As of March 31, 2018, we owned the following interests in properties in the New York metropolitan area, primarily in midtown Manhattan. Our investments located outside of Manhattan are referred to 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
 
20


12,387,091

 
11

 
12,165,164

 
31

 
24,552,255

 
94.2
%

 
Retail
 
4

(2)
302,583

 
9

 
347,970

 
13

 
650,553

 
94.2
%

 
Development/Redevelopment
 
8


318,985

 
3

 
416,214

 
11

 
735,199

 
44.4
%

 
Fee Interest
 
1


176,530

 
1

 

 
2

 
176,530

 
100.0
%

 

 
33


13,185,189

 
24

 
12,929,348

 
57

 
26,114,537

 
92.8
%
Suburban
 
Office
 
20

(3)
3,013,200

 
2

 
640,000

 
22

 
3,653,200

 
83.1
%

 
Retail
 
1


52,000

 

 

 
1

 
52,000

 
100.0
%

 
Development/Redevelopment
 
1


1,000

 
1

 

 
2

 
1,000

 
%

 

 
22


3,066,200

 
3

 
640,000

 
25

 
3,706,200

 
83.3
%
Total commercial properties
 
55


16,251,389

 
27

 
13,569,348

 
82

 
29,820,737

 
91.6
%
Residential:
 

 



 

 

 

 

 

Manhattan
 
Residential
 
3

(2)
472,105

 
10

 
2,156,751

 
13

 
2,628,856

 
88.9
%
Suburban
 
Residential
 



 

 

 

 

 
%
Total residential properties
 
3


472,105

 
10

 
2,156,751

 
13

 
2,628,856

 
88.9
%
Total portfolio
 
58


16,723,494

 
37

 
15,726,099

 
95

 
32,449,593

 
91.4
%
   
(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 March 31, 2018, 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 115-117 Stevens Avenue in Valhalla, New York, and 1-6 International Drive in Rye Brook, New York which are classified as held for sale at March 31, 2018.