XML 91 R77.htm IDEA: XBRL DOCUMENT v3.23.2
Mortgages and Other Loans Payable (Details)
6 Months Ended
Jun. 30, 2023
USD ($)
extension
Dec. 31, 2022
USD ($)
Debt Instrument [Line Items]    
Total fixed rate debt $ 1,450,165,000 $ 3,165,814,000
Total floating rate debt 70,148,000 70,148,000
Total mortgages and other loans payable 1,520,313,000 3,235,962,000
Deferred financing costs, net of amortization (6,907,000) (8,399,000)
Total mortgages and other loans payable, net 1,513,406,000 3,227,563,000
Book value of collateral 1,900,000,000 3,800,000,000
719 Seventh Avenue    
Debt Instrument [Line Items]    
Total fixed rate debt 50,000,000 50,000,000
7 Dey / 185 Broadway    
Debt Instrument [Line Items]    
Total fixed rate debt 200,000,000 200,000,000
Total floating rate debt 10,148,000 10,148,000
420 Lexington Ave    
Debt Instrument [Line Items]    
Total fixed rate debt 280,165,000 283,064,000
100 Church Street    
Debt Instrument [Line Items]    
Total fixed rate debt 370,000,000 370,000,000
Landmark Square    
Debt Instrument [Line Items]    
Total fixed rate debt 100,000,000 100,000,000
485 Lexington Avenue    
Debt Instrument [Line Items]    
Total fixed rate debt 450,000,000 450,000,000
245 Park Avenue    
Debt Instrument [Line Items]    
Total fixed rate debt $ 0 1,712,750,000
Weighted Average | 719 Seventh Avenue    
Debt Instrument [Line Items]    
Interest rate, fixed rate debt (as a percent) 4.70%  
Weighted Average | 7 Dey / 185 Broadway    
Debt Instrument [Line Items]    
Interest rate, fixed rate debt (as a percent) 7.59%  
Interest rate, floating rate debt (as a percent) 2.85%  
Weighted Average | 420 Lexington Ave    
Debt Instrument [Line Items]    
Interest rate, fixed rate debt (as a percent) 3.99%  
Weighted Average | 100 Church Street    
Debt Instrument [Line Items]    
Interest rate, fixed rate debt (as a percent) 5.89%  
Weighted Average | Landmark Square    
Debt Instrument [Line Items]    
Interest rate, fixed rate debt (as a percent) 4.90%  
Weighted Average | 485 Lexington Avenue    
Debt Instrument [Line Items]    
Interest rate, fixed rate debt (as a percent) 4.25%  
Weighted Average | 245 Park Avenue    
Debt Instrument [Line Items]    
Interest rate, fixed rate debt (as a percent)  
Weighted Average | 690 Madison Avenue    
Debt Instrument [Line Items]    
Interest rate, floating rate debt (as a percent) 0.50%  
2017 Master Repurchase Agreement | 690 Madison Avenue    
Debt Instrument [Line Items]    
Total floating rate debt $ 60,000,000 $ 60,000,000
Construction Loans | 7 Dey / 185 Broadway    
Debt Instrument [Line Items]    
Maximum facility capacity $ 225,000,000  
Term 3 years  
Number of extension options | extension 2  
Period of extension options 1 year