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Organization and Basis of Presentation (Tables)
9 Months Ended
Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of commercial office properties
As of September 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

 
94.5
%

 
Retail
 
5

(3)
312,623

 
9

 
352,174

 
14

 
664,797

 
98.4
%

 
Development/Redevelopment
 
7


308,945

 
2

 
347,000

 
9

 
655,945

 
40.1
%

 
Fee Interest
 



 
1

 

 
1

 

 
%

 

 
33


13,377,659

 
22

 
12,190,338

 
55

 
25,567,997

 
93.2
%
Suburban
 
Office
 
13


2,295,200

 

 

 
13

 
2,295,200

 
91.6
%

 
Retail
 
1


52,000

 

 

 
1

 
52,000

 
100.0
%

 
Development/Redevelopment
 
1


1,000

 

 

 
1

 
1,000

 
%

 

 
15


2,348,200

 

 

 
15

 
2,348,200

 
91.7
%
Total commercial properties
 
48


15,725,859

 
22

 
12,190,338

 
70

 
27,916,197

 
93.1
%
Residential:
 

 



 

 

 

 

 

Manhattan
 
Residential
 
4

(3)(4)
511,097

 
10

 
2,156,751

 
14

 
2,667,848

 
92.4
%
Suburban
 
Residential
 



 

 

 

 

 
%
Total residential properties
 
4


511,097

 
10

 
2,156,751

 
14

 
2,667,848

 
92.4
%
Total portfolio
 
52


16,236,956

 
32

 
14,347,089

 
84

 
30,584,045

 
93.0
%
   
(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 September 30, 2018.
(3)
As of September 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 Upper East Side Residential Assemblage and 1231 Third Avenue, which are classified as held for sale at September 30, 2018.