Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2021

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 (1)				Column E Gross Amount at Which Carried at Close of Period						Column F		Column G	Column H	Column I
Description (2)	Encumbrances		Land		Building & Improvements		Land		Building & Improvements		Land		Building & Improvements (3)		Total		Accumulated Depreciation		Date of Construction	Date Acquired	Life on  Which Depreciation is Computed
420 Lexington Ave	$	288,660	$	—	$	333,499	$	—	$	212,293	$	—	$	545,792	$	545,792	$	183,070	1927	3/1998	Various
711 Third Avenue	—		19,844		115,769		—		69,839		19,844		185,608		205,452		71,105		1955	5/1998	Various
555 W. 57th Street	—		18,846		140,946		—		2,376		18,846		143,322		162,168		86,730		1971	1/1999	Various
461 Fifth Avenue	—		—		88,276		28,873		6,421		28,873		94,697		123,570		38,024		1988	10/2003	Various
750 Third Avenue	—		51,093		251,523		—		20,428		51,093		271,951		323,044		114,853		1958	7/2004	Various
625 Madison Avenue	—		—		291,319		—		62,282		—		353,601		353,601		145,749		1956	10/2004	Various
485 Lexington Avenue	450,000		78,282		452,631		—		(14,169)		78,282		438,462		516,744		188,678		1956	12/2004	Various
609 Fifth Avenue (4)	52,882		16,869		107,185		—		62,554		16,869		169,739		186,608		19,879		1925	6/2006	Various
810 Seventh Avenue	—		114,077		550,819		—		5,205		114,077		556,024		670,101		221,222		1970	1/2007	Various
1185 Avenue of the Americas	—		—		791,106		—		127,030		—		918,136		918,136		348,065		1969	1/2007	Various
1350 Avenue of the Americas	—		90,941		431,517		—		—		90,941		431,517		522,458		168,295		1966	1/2007	Various
1-6 Landmark Square (5)	100,000		27,852		161,343		(6,939)		(33,873)		20,913		127,470		148,383		36,923		1973-1984	1/2007	Various
7 Landmark Square (5)	—		1,721		8,417		(1,338)		(6,240)		383		2,177		2,560		516		2007	1/2007	Various
100 Church Street	200,212		34,994		183,932		—		6,326		34,994		190,258		225,252		65,736		1959	1/2010	Various
125 Park Avenue	—		120,900		270,598		—		15,899		120,900		286,497		407,397		109,858		1923	10/2010	Various
19 East 65th Street	—		8,603		2,074		—		—		8,603		2,074		10,677		—		1929	01/2012	Various
304 Park Avenue	—		54,489		90,643		—		5,139		54,489		95,782		150,271		26,627		1930	6/2012	Various
760 Madison Avenue (6)	—		284,286		8,314		(2,450)		63,077		281,836		71,391		353,227		4,991		1996/2012	7/2014	Various
719 Seventh Avenue (7)	50,000		41,180		46,232		—		(4,725)		41,180		41,507		82,687		3,356		1927	7/2014	Various
110 Greene Street	—		45,120		228,393		—		2,578		45,120		230,971		276,091		42,909		1910	7/2015	Various
7 Dey / 185 Broadway (8)	198,169		45,540		27,865		—		177,184		45,540		205,049		250,589		419		1921	8/2015	Various
885 Third Avenue	—		138,444		244,040		—		15,396		138,445		259,438		397,883		7,885		1986	07/2020	Various
690 Madison	60,000		13,820		51,732		—		—		13,820		51,732		65,552		409		1879	09/2021	Various
1591-1597 Broadway (9)	—		123,919		—		—		—		123,919		—		123,919		—		1987	09/2021	Various
Other (10)	—		1,734		16,224		—		610,787		1,734		627,011		628,745		10,900
Total	$	1,399,923	$	1,332,556	$	4,894,397	$	18,146	$	1,405,807	$	1,350,701	$	6,300,206	$	7,650,907	$	1,896,199

(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)Includes amounts attributable to the property at 762 Madison Avenue, which is part of this development project.

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

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

(9)A third party has asserted ownership rights to the fee, which the Company is contesting.

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

The changes in real estate for the years ended December 31, 2021, 2020 and 2019 are as follows (in thousands):

	2021		2020		2019
Balance at beginning of year	$	7,355,079	$	8,784,567	$	8,513,935
Property acquisitions	124,103		178,635		—
Improvements	296,876		481,327		251,674
Retirements/disposals/deconsolidation	(125,151)		(2,089,450)		18,958
Balance at end of year	$	7,650,907	$	7,355,079	$	8,784,567

The aggregate cost of land, buildings and improvements, before depreciation, for Federal income tax purposes as of December 31, 2021 was $8.8 billion (unaudited).

The changes in accumulated depreciation, exclusive of amounts relating to equipment, autos, and furniture and fixtures, for the years ended December 31, 2021, 2020 and 2019 are as follows (in thousands):

	2021		2020		2019
Balance at beginning of year	$	1,956,077	$	2,060,560	$	2,099,137
Depreciation for year	174,219		270,843		222,867
Retirements/disposals/deconsolidation	(234,097)		(375,326)		(261,444)
Balance at end of year	$	1,896,199	$	1,956,077	$	2,060,560