Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2019

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

Column A	Column B		Column C Initial Cost				Column D Cost Capitalized Subsequent To Acquisition						Column E Gross Amount at Which Carried at Close of Period						Column F			Column G	Column H	Column I
Description	Encumbrances		Land		Building & Improvements		Land			Building & Improvements			Land		Building & Improvements		Total		Accumulated Depreciation			Date of Construction	Date Acquired	Life on  Which Depreciation is Computed
420 Lexington Ave(1)	$	299,165	$	—	$	333,499	$	—		$	192,729		$	—	$	526,228	$	526,228	$	151,898		1927	3/1998	Various
711 Third Avenue(1)	—		19,844		115,769		—			59,685			19,844		175,454		195,298		52,265			1955	5/1998	Various
555 W. 57th Street(1)	—		18,846		140,946		—			544			18,846		141,490		160,336		75,340			1971	1/1999	Various
461 Fifth Avenue(1)	—		—		88,276		—			19,670			—		107,946		107,946		34,535			1988	10/2003	Various
750 Third Avenue(1)	—		51,093		251,523		—			3,449			51,093		254,972		306,065		109,685			1958	7/2004	Various
625 Madison Avenue(1)	—		—		291,319		—			14,908			—		306,227		306,227		132,531			1956	10/2004	Various
485 Lexington Avenue(1)	450,000		78,282		452,631		—			6,933			78,282		459,564		537,846		197,431			1956	12/2004	Various
609 Fifth Avenue(1)	53,773		36,677		195,481		—			41,197			36,677		236,678		273,355		44,728			1925	6/2006	Various
810 Seventh Avenue(1)	—		114,077		550,819		—			(83		)	114,077		550,736		664,813		190,457			1970	1/2007	Various
1185 Avenue of the Americas(1)	—		—		791,106		—			116,573			—		907,679		907,679		292,739			1969	1/2007	Various
1350 Avenue of the Americas(1)	—		90,941		431,517		—			(3,792		)	90,941		427,725		518,666		142,533			1966	1/2007	Various
1-6 Landmark Square(2)	100,000		27,852		161,343		985			8,319			28,837		169,662		198,499		84,164			1973-1984	1/2007	Various
7 Landmark Square(2)	—		1,721		8,417		(985		)	(3,939		)	736		4,478		5,214		1,657			2007	1/2007	Various
1055 Washington Boulevard(2)	—		8,386		43,242		—			10,545			8,386		53,787		62,173		21,723			1987	6/2007	Various
1 Madison Avenue(1)	—		173,546		672,805		—			22,977			173,546		695,782		869,328		210,128			1960	8/2007	Various
100 Church Street(1)	209,296		34,994		183,932		—			9,181			34,994		193,113		228,107		60,198			1959	1/2010	Various
125 Park Avenue(1)	—		120,900		270,598		—			6,869			120,900		277,467		398,367		88,975			1923	10/2010	Various
Williamsburg(3)	—		6,200		10,158		—			—			6,200		10,158		16,358		2,388			2010	12/2010	Various
110 East 42nd Street(1)	—		36,196		78,353		—			3,247			36,196		81,600		117,796		21,124			1921	5/2011	Various
400 East 58th Street(1)(4)	39,094		17,549		38,749		—			373			17,549		39,122		56,671		7,091			1929	1/2012	Various
762 Madison Avenue(1)(4)	771		6,153		10,570		—			(35		)	6,153		10,535		16,688		2,151			1910	1/2012	Various
304 Park Avenue(1)	—		54,489		90,643		—			630			54,489		91,273		145,762		22,172			1930	6/2012	Various
635 Sixth Avenue(1)	—		24,343		88,261		—			166			24,343		88,427		112,770		14,361			1902	9/2012	Various
641 Sixth Avenue(1)	—		45,976		77,076		—			141			45,976		77,217		123,193		18,564			1902	9/2012	Various
1080 Amsterdam(1)(5)	35,123		—		47,948		—			10,316			—		58,264		58,264		6,694			1932	10/2012	Various
315 West 33rd Street(1)	250,000		195,834		179,562		—			2,220			195,834		181,782		377,616		30,853			2000-2001	11/2013	Various
752-760 Madison Avenue(1)	—		284,286		8,314		—			12,660			284,286		20,974		305,260		2,752			1996/2012	7/2014	Various
719 Seventh Avenue(1)(6)	50,000		41,180		46,232		—			(1,693		)	41,180		44,539		85,719		1,623			1927	7/2014	Various
110 Greene Street(1)	—		45,120		228,393		—			2,414			45,120		230,807		275,927		31,147			1910	7/2015	Various
185 Broadway(1)(7)	120,110		45,422		27,865		118			28,282			45,540		56,147		101,687		419			1921	8/2015	Various
30 East 40th Street(1)(8)	—		4,652		26,654		—			4,238			4,652		30,892		35,544		3,267			1927	8/2015	Various
133 Greene Street(1)	15,523		3,446		27,542		—			82			3,446		27,624		31,070		827			1900	10/2018	Various
712 Madison Avenue(1)(11)	28,000		7,207		47,397		—			18			7,207		47,415		54,622		1,185			1900/1980	12/2018	Various
106 Spring Street(1)	38,025		—		—		14,173			66,052			14,173		66,052		80,225		1,240			1900	4/2019	Various
410 Tenth Avenue(1)(9)	330,820		—		—		140,307			363,523			140,307		363,523		503,830		(3,175		)	1927	5/2019	Various
Other(10)	—		1,736		16,224		(2		)	1,460			1,734		17,684		19,418		4,890
Total	$	2,019,700	$	1,596,948	$	6,033,164	$	154,596		$	999,859		$	1,751,544	$	7,033,023	$	8,784,567	$	2,060,560

(1) Property located in New York, New York.

(2) Property located in Connecticut.

(3) Property located in Brooklyn, New York.

(4) We own a 90.0% interest in this property.

(5) We own a 92.5% interest in this property.

(6) We own a 75.0% interest in this property.

(7) Properties at 5-7 Dey Street, 183 Broadway, and 185 Broadway were demolished in preparation of the development site for the 185 Broadway project.

(8) We own a 60.0% interest in this property.

(9) We own a 70.9% interest in this property.

(10) Other includes tenant improvements of eEmerge, capitalized interest and corporate improvements.

(11)

The tenant at this property has an option to purchase the fee interest for a fixed price on a specific date.

The changes in real estate for the years ended December 31, 2019, 2018 and 2017 are as follows (in thousands):

	2019		2018			2017
Balance at beginning of year	$	8,513,935	$	10,206,122		$	12,743,332
Property acquisitions	—		52,939			13,323
Improvements	251,674		267,726			342,014
Retirements/disposals/deconsolidation	18,958		(2,012,852		)	(2,892,547		)
Balance at end of year	$	8,784,567	$	8,513,935		$	10,206,122

The aggregate cost of land, buildings and improvements, before depreciation, for Federal income tax purposes at December 31, 2019 was $10.3 billion (unaudited).

The changes in accumulated depreciation, exclusive of amounts relating to equipment, autos, and furniture and fixtures, for the years ended December 31, 2019, 2018 and 2017 are as follows (in thousands):

	2019			2018			2017
Balance at beginning of year	$	2,099,137		$	2,300,116		$	2,264,694
Depreciation for year	222,867			245,033			347,015
Retirements/disposals/deconsolidation	(261,444		)	(446,012		)	(311,593		)
Balance at end of year	$	2,060,560		$	2,099,137		$	2,300,116