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Schedule III - Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2020
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III - Real Estate and Accumulated Depreciation
Column AColumn BColumn C
Initial Cost
Column D Cost
Capitalized
Subsequent To
Acquisition (1)
Column E Gross Amount at Which
Carried at Close of Period		Column FColumn GColumn HColumn I
Description (2)EncumbrancesLandBuilding &
Improvements		LandBuilding &
Improvements		LandBuilding &
Improvements (3)		TotalAccumulated DepreciationDate of
Construction		Date
Acquired		Life on 
Which
Depreciation is
Computed
420 Lexington Ave$294,035 $— $333,499 $— $201,776 $— $535,275 $535,275 $166,886 19273/1998Various
711 Third Avenue— 19,844 115,769 — 69,098 19,844 184,867 204,711 61,237 19555/1998Various
555 W. 57th Street— 18,846 140,946 — 1,600 18,846 142,546 161,392 81,420 19711/1999Various
220 East 42nd Street510,000 51,008 203,727 — 183,461 51,008 387,188 438,196 137,153 19292/2003Various
461 Fifth Avenue— — 88,276 — 35,988 — 124,264 124,264 36,758 198810/2003Various
750 Third Avenue— 51,093 251,523 — (2,288)51,093 249,235 300,328 109,824 19587/2004Various
625 Madison Avenue— — 291,319 — 37,997 — 329,316 329,316 139,403 195610/2004Various
485 Lexington Avenue450,000 78,282 452,631 — (22,346)78,282 430,285 508,567 173,769 195612/2004Various
609 Fifth Avenue (4)57,651 16,869 107,185 — 53,002 16,869 160,187 177,056 19,881 19256/2006Various
810 Seventh Avenue— 114,077 550,819 — 3,390 114,077 554,209 668,286 205,774 19701/2007Various
1185 Avenue of the Americas— — 791,106 — 123,470 — 914,576 914,576 320,735 19691/2007Various
1350 Avenue of the Americas— 90,941 431,517 — (2,431)90,941 429,086 520,027 155,186 19661/2007Various
1-6 Landmark Square (5)100,000 27,852 161,343 (6,939)(40,256)20,913 121,087 142,000 32,099 1973-19841/2007Various
7 Landmark Square (5)— 1,721 8,417 (1,338)(6,240)383 2,177 2,560 426 20071/2007Various
100 Church Street204,875 34,994 183,932 — 11,391 34,994 195,323 230,317 65,763 19591/2010Various
125 Park Avenue— 120,900 270,598 — 12,499 120,900 283,097 403,997 99,736 192310/2010Various
110 East 42nd Street (6)— 36,196 78,353 (2,334)1,068 33,862 79,421 113,283 24,330 19215/2011Various
304 Park Avenue— 54,489 90,643 — 1,484 54,489 92,127 146,616 23,428 19306/2012Various
635 Sixth Avenue— 24,343 88,261 — 95 24,343 88,356 112,699 17,412 19029/2012Various
641 Sixth Avenue— 45,976 77,076 — 355 45,976 77,431 123,407 21,231 19029/2012Various
1080 Amsterdam (7)34,773 — 47,948 — 10,327 — 58,275 58,275 7,937 193210/2012Various
760 Madison Avenue (8)— 284,286 8,314 6,153 29,133 290,439 37,447 327,886 5,392 1996/20127/2014Various
719 Seventh Avenue (9)50,000 41,180 46,232 — (4,750)41,180 41,482 82,662 2,323 19277/2014Various
110 Greene Street— 45,120 228,393 — 3,034 45,120 231,427 276,547 36,767 19107/2015Various
185 Broadway (10)158,478 45,540 27,865 — 111,462 45,540 139,327 184,867 419 19218/2015Various
133 Greene Street (11)15,523 3,446 27,542 (1,563)(12,377)1,883 15,165 17,048 1,526 190010/2018Various
712 Madison Avenue (12)28,000 7,207 47,397 (7,207)(47,397)— — — — 1900/198012/2018Various
106 Spring Street38,025 14,173 66,052 (6,979)(32,335)7,194 33,717 40,911 2,911 19004/2019Various
707 Eleventh Avenue— 66,237 20,874 — 10,442 66,237 31,316 97,553 — 19011/2020Various
590 Fifth Avenue— 39,685 51,380 — 3,193 39,685 54,573 94,258 657 198710/2020Various
Other (13)— 1,734 16,224 — 241 1,734 16,465 18,199 5,694 
Total$1,941,360 $1,336,041 $5,305,161 $(20,207)$734,086 $1,315,832 $6,039,247 $7,355,079 $1,956,077 
(1)Includes depreciable real estate reserves and impairments recorded subsequent to acquisition.
(2)All properties located in New York, New York unless otherwise noted.
(3)Includes right of use lease assets.
(4)In 2020, we sold the retail condominium at this property. The amounts presented here relate to the office condominium, which we retained.
(5)Property located in Connecticut.
(6)In December 2020, the Company entered into a lease with its One Vanderbilt joint venture for use of the garage at 110 East 42nd Street. This lease is accounted for as a sales-type lease.
(7)We own a 92.5% interest in this property.
(8)Includes amounts attributable to the property at 762 Madison Avenue, which is part of this development project.
(9)We own a 75.0% interest in this property.
(10)Properties at 5-7 Dey Street, 183 Broadway, and 185 Broadway were demolished in preparation of the development site for the 185 Broadway project.
(11)In February 2021, this debt was extinguished after the lender was the winning bidder in a foreclosure auction for the property.
(12)In 2020, the lease to the ground lessee of the property was reclassified as a sales-type lease. In January 2021, the Company closed on the sale of the property pursuant to the exercise of a purchase option by the ground lessee.
(13)Other includes tenant improvements of eEmerge, capitalized interest and corporate improvements.
The changes in real estate for the years ended December 31, 2020, 2019 and 2018 are as follows (in thousands):
202020192018
Balance at beginning of year$8,784,567 $8,513,935 $10,206,122 
Property acquisitions178,635 — 52,939 
Improvements481,327 251,674 267,726 
Retirements/disposals/deconsolidation(2,089,450)18,958 (2,012,852)
Balance at end of year$7,355,079 $8,784,567 $8,513,935 
The aggregate cost of land, buildings and improvements, before depreciation, for Federal income tax purposes at December 31, 2020 was $9.7 billion (unaudited).
The changes in accumulated depreciation, exclusive of amounts relating to equipment, autos, and furniture and fixtures, for the years ended December 31, 2020, 2019 and 2018 are as follows (in thousands):
202020192018
Balance at beginning of year$2,060,560 $2,099,137 $2,300,116 
Depreciation for year270,843 222,867 245,033 
Retirements/disposals/deconsolidation(375,326)(261,444)(446,012)
Balance at end of year$1,956,077 $2,060,560 $2,099,137