XML 88 R74.htm IDEA: XBRL DOCUMENT v3.22.2
Investments in Unconsolidated Joint Ventures - Mortgages and Other Loans Payable (Details)
6 Months Ended
Jun. 30, 2022
USD ($)
ft²
extension
Dec. 31, 2021
USD ($)
Debt Instrument [Line Items]    
Total fixed rate debt $ 835,875,000 $ 1,073,409,000
Total floating rate debt 690,148,000 361,051,000
Total fixed rate and floating rate debt $ 1,526,023,000 1,434,460,000
Area of office building (sqft) | ft² 27,211,821  
Joint venture    
Debt Instrument [Line Items]    
Total fixed rate debt $ 8,011,465,000 8,216,666,000
Total floating rate debt 3,394,998,000 2,999,726,000
Total fixed rate and floating rate debt 11,406,463,000 11,216,392,000
Deferred financing costs, net (117,871,000) (130,516,000)
Total joint venture mortgages and other loans payable, net $ 11,288,592,000 11,085,876,000
Joint venture | 717 Fifth Avenue    
Debt Instrument [Line Items]    
Economic Interest 10.92%  
Ownership interest 10.92%  
Area of office building (sqft) | ft² 119,500  
Joint venture | 717 Fifth Avenue | Mortgage loan    
Debt Instrument [Line Items]    
Interest rate, fixed rate debt (as a percent) 4.45%  
Total fixed rate debt $ 300,000,000 300,000,000
Joint venture | 717 Fifth Avenue | Mezzanine loans    
Debt Instrument [Line Items]    
Interest rate, fixed rate debt (as a percent) 5.50%  
Total fixed rate debt $ 355,328,000 355,328,000
Joint venture | 650 Fifth Avenue    
Debt Instrument [Line Items]    
Economic Interest 50.00%  
Ownership interest 50.00%  
Area of office building (sqft) | ft² 69,214  
Joint venture | 650 Fifth Avenue | Mortgage loan    
Debt Instrument [Line Items]    
Interest rate, fixed rate debt (as a percent) 4.46%  
Total fixed rate debt $ 210,000,000 210,000,000
Joint venture | 650 Fifth Avenue | Mezzanine loans    
Debt Instrument [Line Items]    
Interest rate, fixed rate debt (as a percent) 5.45%  
Total fixed rate debt $ 65,000,000 65,000,000
Joint venture | 21 East 66th Street    
Debt Instrument [Line Items]    
Economic Interest 32.28%  
Interest rate, fixed rate debt (as a percent) 3.60%  
Interest rate, floating rate debt (as a percent) 2.75%  
Total fixed rate debt $ 12,000,000 12,000,000
Total floating rate debt $ 608,000 632,000
Ownership interest 32.28%  
Area of office building (sqft) | ft² 13,069  
Joint venture | 919 Third Avenue    
Debt Instrument [Line Items]    
Economic Interest 51.00%  
Interest rate, fixed rate debt (as a percent) 5.12%  
Total fixed rate debt $ 500,000,000 500,000,000
Ownership interest 51.00%  
Area of office building (sqft) | ft² 1,454,000  
Joint venture | 1515 Broadway    
Debt Instrument [Line Items]    
Economic Interest 56.87%  
Interest rate, fixed rate debt (as a percent) 3.93%  
Total fixed rate debt $ 792,137,000 801,845,000
Ownership interest 56.87%  
Area of office building (sqft) | ft² 1,750,000  
Joint venture | 11 Madison Avenue    
Debt Instrument [Line Items]    
Economic Interest 60.00%  
Interest rate, fixed rate debt (as a percent) 3.84%  
Total fixed rate debt $ 1,400,000,000 1,400,000,000
Ownership interest 60.00%  
Area of office building (sqft) | ft² 2,314,000  
Joint venture | 800 Third Avenue    
Debt Instrument [Line Items]    
Economic Interest 60.52%  
Interest rate, fixed rate debt (as a percent) 3.37%  
Total fixed rate debt $ 177,000,000 177,000,000
Ownership interest 60.52%  
Area of office building (sqft) | ft² 526,000  
Joint venture | Worldwide Plaza    
Debt Instrument [Line Items]    
Economic Interest 24.95%  
Interest rate, fixed rate debt (as a percent) 3.98%  
Total fixed rate debt $ 1,200,000,000 1,200,000,000
Ownership interest 24.95%  
Area of office building (sqft) | ft² 2,048,725  
Joint venture | One Vanderbilt Avenue    
Debt Instrument [Line Items]    
Economic Interest 71.01%  
Interest rate, fixed rate debt (as a percent) 2.95%  
Total fixed rate debt $ 3,000,000,000 3,000,000,000
Ownership interest 71.01%  
Area of office building (sqft) | ft² 1,657,198  
Joint venture | Stonehenge Portfolio    
Debt Instrument [Line Items]    
Interest rate, fixed rate debt (as a percent)  
Total fixed rate debt $ 0 195,493,000
Joint venture | 280 Park Avenue    
Debt Instrument [Line Items]    
Economic Interest 50.00%  
Interest rate, floating rate debt (as a percent) 1.73%  
Total floating rate debt $ 1,200,000,000 1,200,000,000
Ownership interest 50.00%  
Area of office building (sqft) | ft² 1,219,158  
Joint venture | 1552 Broadway    
Debt Instrument [Line Items]    
Economic Interest 50.00%  
Interest rate, floating rate debt (as a percent) 2.65%  
Total floating rate debt $ 193,132,000 193,132,000
Ownership interest 50.00%  
Area of office building (sqft) | ft² 57,718  
Joint venture | 121 Greene Street    
Debt Instrument [Line Items]    
Economic Interest 50.00%  
Interest rate, floating rate debt (as a percent) 2.00%  
Total floating rate debt $ 13,016,000 13,228,000
Ownership interest 50.00%  
Area of office building (sqft) | ft² 7,131  
Joint venture | 2 Herald Square    
Debt Instrument [Line Items]    
Economic Interest 51.00%  
Interest rate, floating rate debt (as a percent) 1.95%  
Total floating rate debt $ 197,276,000 200,989,000
Ownership interest 51.00%  
Area of office building (sqft) | ft² 369,000  
Joint venture | 11 West 34th Street    
Debt Instrument [Line Items]    
Economic Interest 30.00%  
Interest rate, floating rate debt (as a percent) 1.45%  
Total floating rate debt $ 23,000,000 23,000,000
Ownership interest 30.00%  
Area of office building (sqft) | ft² 17,150  
Joint venture | 220 East 42nd Street    
Debt Instrument [Line Items]    
Economic Interest 51.00%  
Interest rate, floating rate debt (as a percent) 2.75%  
Total floating rate debt $ 510,000,000 510,000,000
Ownership interest 51.00%  
Area of office building (sqft) | ft² 1,135,000  
Joint venture | 115 Spring Street    
Debt Instrument [Line Items]    
Economic Interest 51.00%  
Interest rate, floating rate debt (as a percent) 3.40%  
Total floating rate debt $ 65,550,000 65,550,000
Ownership interest 51.00%  
Area of office building (sqft) | ft² 5,218  
Joint venture | 100 Park Avenue    
Debt Instrument [Line Items]    
Economic Interest 49.90%  
Interest rate, floating rate debt (as a percent) 2.25%  
Total floating rate debt $ 360,000,000 360,000,000
Ownership interest 49.90%  
Area of office building (sqft) | ft² 834,000  
Joint venture | 15 Beekman    
Debt Instrument [Line Items]    
Economic Interest 20.00%  
Interest rate, floating rate debt (as a percent) 1.50%  
Total floating rate debt $ 61,531,000 43,566,000
Ownership interest 20.00%  
Area of office building (sqft) | ft² 221,884  
Joint venture | 15 Beekman | Construction Loans    
Debt Instrument [Line Items]    
Maximum facility capacity $ 125,000,000  
Joint venture | 10 East 53rd Street    
Debt Instrument [Line Items]    
Economic Interest 55.00%  
Interest rate, floating rate debt (as a percent) 1.35%  
Total floating rate debt $ 220,000,000 220,000,000
Ownership interest 55.00%  
Area of office building (sqft) | ft² 354,300  
Joint venture | 450 Park Avenue    
Debt Instrument [Line Items]    
Economic Interest 25.10%  
Interest rate, floating rate debt (as a percent) 2.10%  
Total floating rate debt $ 267,000,000 0
Ownership interest 50.10%  
Area of office building (sqft) | ft² 337,000  
Joint venture | One Madison Avenue    
Debt Instrument [Line Items]    
Economic Interest 25.50%  
Interest rate, floating rate debt (as a percent) 3.35%  
Total floating rate debt $ 283,885,000 $ 169,629,000
Ownership interest 25.50%  
Area of office building (sqft) | ft² 1,048,700  
Joint venture | One Madison Avenue | Construction Loans    
Debt Instrument [Line Items]    
Maximum facility capacity $ 1,250,000,000  
Term 5 years  
Number of extension options | extension 1  
Period of extension options 1 year