Organization and Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of commercial office properties

On June 30, 2023, we owned the following interests in properties in the New York metropolitan area, primarily in midtown Manhattan. Our investments located outside of Manhattan are referred to as the Suburban properties:

			Consolidated			Unconsolidated		Total
Location	Property Type		Number of Buildings		Approximate Square Feet (unaudited)	Number of Buildings	Approximate Square Feet (unaudited)	Number of Buildings	Approximate Square Feet (unaudited)	Weighted Average Leased Occupancy (1) (unaudited)
Commercial:
Manhattan	Office		13		8,399,141	12	15,412,174	25	23,811,315	88.9	%
	Retail		2	(2)	17,888	8	294,865	10	312,753	91.0	%
	Development/Redevelopment	(1)	4		1,466,419	4	3,115,241	8	4,581,660	N/A
			19		9,883,448	24	18,822,280	43	28,705,728	N/A
Suburban	Office		7		862,800	—	—	7	862,800	78.4	%
Total commercial properties			26		10,746,248	24	18,822,280	50	29,568,528	N/A
Residential:
Manhattan	Residential		1	(2)	140,382	—	—	1	140,382	96.7	%
Total portfolio			27		10,886,630	24	18,822,280	51	29,708,910	N/A

(1)The weighted average leased occupancy for commercial properties represents the total leased square footage divided by the total square footage at acquisition. The weighted average leased occupancy for residential properties represents the total leased units divided by the total available units. Properties under construction are not included in the calculation of weighted average leased occupancy.

(2)As of June 30, 2023, we owned a building at 7 Dey Street / 185 Broadway that was comprised of approximately 140,382 square feet (unaudited) of residential space and approximately 50,206 square feet (unaudited) of office and retail space that is under development. For the purpose of this report, we have included this building in the number of residential properties we own. However, we have included only the residential square footage in the residential approximate square footage, and have listed the balance of the square footage as development square footage.