XML 89 R74.htm IDEA: XBRL DOCUMENT v3.20.2
Mortgages and Other Loans Payable (Details)
6 Months Ended
Jun. 01, 2020
Jun. 30, 2020
USD ($)
extension
Jan. 31, 2020
Dec. 31, 2019
USD ($)
Apr. 30, 2018
USD ($)
Mar. 31, 2018
USD ($)
Debt Instrument [Line Items]            
Total fixed rate debt   $ 1,127,377,000   $ 1,383,449,000    
Total floating rate debt   1,259,915,000   828,434,000    
Total fixed rate and floating rate debt   2,387,292,000   2,211,883,000    
Mortgages reclassed to liabilities related to assets held for sale   (38,809,000)   0    
Total mortgages and other loans payable   2,348,483,000   2,211,883,000    
Deferred financing costs, net of amortization   (32,079,000)   (28,630,000)    
Total mortgages and other loans payable, net   2,316,404,000   2,183,253,000    
Liabilities held for sale   38,272,000   0    
Book value of collateral   3,200,000,000   3,300,000,000    
Outstanding under line of credit facility   944,319,000   234,013,000    
FHLB Facility July 2020            
Debt Instrument [Line Items]            
Total floating rate debt   $ 10,000,000   0    
FHLB Facility July 2020 | Weighted Average            
Debt Instrument [Line Items]            
Interest rate, floating rate debt (as a percent)   0.17%        
FHLB Facility August 2020            
Debt Instrument [Line Items]            
Total floating rate debt   $ 15,000,000   0    
FHLB Facility August 2020 | Weighted Average            
Debt Instrument [Line Items]            
Interest rate, floating rate debt (as a percent)   0.26%        
FHLB Facility January 2021            
Debt Instrument [Line Items]            
Total floating rate debt   $ 35,000,000   0    
FHLB Facility January 2021 | Weighted Average            
Debt Instrument [Line Items]            
Interest rate, floating rate debt (as a percent)   0.18%        
2017 Master Repurchase Agreement            
Debt Instrument [Line Items]            
Total floating rate debt   $ 0   152,684,000    
Maximum facility capacity   400,000,000     $ 400,000,000.0 $ 300,000,000.0
Extension option exercised, term 1 year          
Outstanding under line of credit facility   0        
FHLB Facility January 2020            
Debt Instrument [Line Items]            
Total floating rate debt   0   10,000,000    
FHLB Facility June 2020            
Debt Instrument [Line Items]            
Total floating rate debt   0   15,000,000    
FHLB Facility, February 2020            
Debt Instrument [Line Items]            
Total floating rate debt   0   14,500,000    
100 Church Street            
Debt Instrument [Line Items]            
Total fixed rate debt   $ 207,112,000   209,296,000    
100 Church Street | Weighted Average            
Debt Instrument [Line Items]            
Interest rate, fixed rate debt (as a percent)   4.68%        
420 Lexington Avenue            
Debt Instrument [Line Items]            
Total fixed rate debt   $ 296,626,000   299,165,000    
420 Lexington Avenue | Weighted Average            
Debt Instrument [Line Items]            
Interest rate, fixed rate debt (as a percent)   3.99%        
400 East 58th Street            
Debt Instrument [Line Items]            
Total fixed rate debt   $ 38,809,000   39,094,000    
Liabilities held for sale   $ 38,800,000        
400 East 58th Street | Weighted Average            
Debt Instrument [Line Items]            
Interest rate, fixed rate debt (as a percent)   3.00%        
Term (in Years)   5 years        
Landmark Square            
Debt Instrument [Line Items]            
Total fixed rate debt   $ 100,000,000   100,000,000    
Landmark Square | Weighted Average            
Debt Instrument [Line Items]            
Interest rate, fixed rate debt (as a percent)   4.90%        
485 Lexington Avenue            
Debt Instrument [Line Items]            
Total fixed rate debt   $ 450,000,000   450,000,000    
485 Lexington Avenue | Weighted Average            
Debt Instrument [Line Items]            
Interest rate, fixed rate debt (as a percent)   4.25%        
1080 Amsterdam Avenue            
Debt Instrument [Line Items]            
Total fixed rate debt   $ 34,830,000   35,123,000    
Total fixed rate debt   33,900,000        
Subordinate loan   $ 900,000        
1080 Amsterdam Avenue | Weighted Average            
Debt Instrument [Line Items]            
Interest rate, fixed rate debt (as a percent)   3.59%        
Term (in Years)   5 years        
1080 Amsterdam Avenue | Mortgage loan | Weighted Average            
Debt Instrument [Line Items]            
Interest rate, fixed rate debt (as a percent)   3.50%        
1080 Amsterdam Avenue | Subordinate loan | Weighted Average            
Debt Instrument [Line Items]            
Interest rate, fixed rate debt (as a percent)   7.00%        
762 Madison Avenue            
Debt Instrument [Line Items]            
Total fixed rate debt   $ 0   771,000    
315 West 33rd Street            
Debt Instrument [Line Items]            
Total fixed rate debt   0   250,000,000    
133 Greene Street            
Debt Instrument [Line Items]            
Total floating rate debt   $ 15,523,000   15,523,000    
133 Greene Street | Weighted Average            
Debt Instrument [Line Items]            
Interest rate, floating rate debt (as a percent)   2.00%        
106 Spring Street            
Debt Instrument [Line Items]            
Total floating rate debt   $ 38,025,000   38,025,000    
106 Spring Street | Weighted Average            
Debt Instrument [Line Items]            
Interest rate, floating rate debt (as a percent)   2.50%        
609 Fifth Avenue            
Debt Instrument [Line Items]            
Total floating rate debt   $ 57,651,000   53,773,000    
609 Fifth Avenue | Weighted Average            
Debt Instrument [Line Items]            
Interest rate, floating rate debt (as a percent)   2.40%        
185 Broadway            
Debt Instrument [Line Items]            
Total floating rate debt   $ 137,857,000   120,110,000    
185 Broadway | Weighted Average            
Debt Instrument [Line Items]            
Interest rate, floating rate debt (as a percent)   2.85%        
712 Madison Avenue            
Debt Instrument [Line Items]            
Total floating rate debt   $ 28,000,000   28,000,000    
712 Madison Avenue | Weighted Average            
Debt Instrument [Line Items]            
Interest rate, floating rate debt (as a percent)   1.85%        
410 Tenth Avenue            
Debt Instrument [Line Items]            
Total floating rate debt   $ 362,859,000   330,819,000    
410 Tenth Avenue | Weighted Average            
Debt Instrument [Line Items]            
Interest rate, floating rate debt (as a percent)   2.23%        
220 East 42nd Street            
Debt Instrument [Line Items]            
Total floating rate debt   $ 510,000,000   0    
220 East 42nd Street | Weighted Average            
Debt Instrument [Line Items]            
Interest rate, floating rate debt (as a percent)   2.75%        
719 Seventh Avenue            
Debt Instrument [Line Items]            
Total floating rate debt   $ 50,000,000   $ 50,000,000    
719 Seventh Avenue | Weighted Average            
Debt Instrument [Line Items]            
Interest rate, floating rate debt (as a percent)   1.20%        
Construction Loans | 185 Broadway            
Debt Instrument [Line Items]            
Term (in Years)   3 years        
Maximum facility capacity   $ 225,000,000.0        
Number of extension options | extension   2        
Period of extension options   1 year        
Construction Loans | 410 Tenth Avenue            
Debt Instrument [Line Items]            
Term (in Years)   3 years        
Maximum facility capacity   $ 465,000,000.0        
Number of extension options | extension   2        
Period of extension options   1 year        
LIBOR Plus 20 Basis Points | Ticonderoga Insurance Company            
Debt Instrument [Line Items]            
FHLB advances   $ 60,000,000.0        
LIBOR Plus 20 Basis Points | Ticonderoga Insurance Company | LIBOR            
Debt Instrument [Line Items]            
Interest rate added to base rate (as a percent)   0.20%        
762 Madison Avenue            
Debt Instrument [Line Items]            
Interest acquired     10.00%