Properties Held for Sale and Property Dispositions (Tables)

6 Months Ended

Jun. 30, 2020

Discontinued Operations and Disposal Groups [Abstract]

Summary Of Properties Sold

The following table summarizes the properties sold during the six months ended June 30, 2020:

Property	Disposition Date	Property Type	Approximate Square Feet	Sales Price(1) (in millions)		Gain (loss)(2) (in millions)
315 West 33rd Street - "The Olivia"	March 2020	Fee Interest	492,987	$	446.5	$	72.3
609 Fifth Avenue Retail Condominium	May 2020	Fee Interest	21,437	168.0		65.4

(1) Sales price represents the gross sales price for a property or the gross asset valuation for interests in a property.

(2)

The gains on sale for 315 West 33rd Street - "The Olivia" and 609 Fifth Avenue Retail Condominium are net of $6.0 million and $2.0 million, respectively, of employee compensation accrued in connection with the realization of these investment gains. Additionally, amounts do not include adjustments for expenses recorded in subsequent periods.