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Organization and Basis of Presentation (Tables)
6 Months Ended
Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of commercial office properties
As of June 30, 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
 
21

(2)
12,756,091

 
10

 
11,491,164

 
31

 
24,247,255

 
94.1
%

 
Retail
 
4

(3)
302,583

 
9

 
347,970

 
13

 
650,553

 
94.2
%

 
Development/Redevelopment
 
8


318,985

 
3

 
416,214

 
11

 
735,199

 
43.9
%

 
Fee Interest
 



 
1

 

 
1

 

 
%

 

 
33


13,377,659

 
23

 
12,255,348

 
56

 
25,633,007

 
92.6
%
Suburban
 
Office
 
19

(4)
2,835,200

 

 

 
19

 
2,835,200

 
87.0
%

 
Retail
 
1


52,000

 

 

 
1

 
52,000

 
100.0
%

 
Development/Redevelopment
 
1


1,000

 

 

 
1

 
1,000

 
%

 

 
21


2,888,200

 

 

 
21

 
2,888,200

 
87.2
%
Total commercial properties
 
54


16,265,859

 
23

 
12,255,348

 
77

 
28,521,207

 
92.1
%
Residential:
 

 



 

 

 

 

 

Manhattan
 
Residential
 
3

(3)
472,105

 
10

 
2,156,751

 
13

 
2,628,856

 
90.0
%
Suburban
 
Residential
 



 

 

 

 

 
%
Total residential properties
 
3


472,105

 
10

 
2,156,751

 
13

 
2,628,856

 
90.0
%
Total portfolio
 
57


16,737,964

 
33

 
14,412,099

 
90

 
31,150,063

 
91.9
%
   
(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)
Includes 2 Herald Square, which is under contract for sale of a joint venture interest and has been classified as held for sale as of June 30, 2018.
(3)
As of June 30, 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.
(4)
Includes the properties at 1-6 International Drive in Rye Brook, New York which are classified as held for sale at June 30, 2018.