Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2023

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	$	277,238	$	—	$	333,499	$	—	$	242,766	$	—	$	576,265	$	576,265	$	227,258	1927	3/1998	Various
711 Third Avenue	—		19,844		115,769		—		72,821		19,844		188,590		208,434		91,897		1955	5/1998	Various
555 W. 57th Street	—		18,846		140,946		—		12,521		18,846		153,467		172,313		98,508		1971	1/1999	Various
461 Fifth Avenue	—		—		88,276		28,873		12,680		28,873		100,956		129,829		45,700		1988	10/2003	Various
750 Third Avenue	—		51,093		251,523		—		83,936		51,093		335,459		386,552		112,937		1958	7/2004	Various
485 Lexington Avenue	450,000		78,282		452,631		—		(15,086)		78,282		437,545		515,827		201,735		1956	12/2004	Various
810 Seventh Avenue	—		114,077		550,819		—		5,406		114,077		556,225		670,302		238,462		1970	1/2007	Various
1185 Avenue of the Americas	—		—		791,106		—		139,416		—		930,522		930,522		404,093		1969	1/2007	Various
1350 Avenue of the Americas	—		90,941		431,517		—		14,566		90,941		446,083		537,024		196,985		1966	1/2007	Various
1-6 Landmark Square (4)	100,000		27,852		161,343		(6,939)		(23,245)		20,913		138,098		159,011		46,789		1973-1984	1/2007	Various
7 Landmark Square (4)	—		1,721		8,417		(1,338)		(6,240)		383		2,177		2,560		695		2007	1/2007	Various
100 Church Street	370,000		34,994		183,932		—		11,060		34,994		194,992		229,986		78,305		1959	1/2010	Various
125 Park Avenue	—		120,900		270,598		—		23,312		120,900		293,910		414,810		129,990		1923	10/2010	Various
19 East 65th Street	—		8,603		2,074		—		3,345		8,603		5,419		14,022		7		1929	1/2012	Various
304 Park Avenue	—		54,489		90,643		—		9,096		54,489		99,739		154,228		33,134		1930	6/2012	Various
760 Madison Avenue	—		284,286		8,314		(2,450)		187,847		281,836		196,161		477,997		4,991		1996/2012	7/2014	Various
719 Seventh Avenue (5)(6)	50,000		41,180		46,232		—		(4,720)		41,180		41,512		82,692		5,986		1927	7/2014	Various
110 Greene Street	—		45,120		228,393		—		4,578		45,120		232,971		278,091		57,067		1910	7/2015	Various
7 Dey / 185 Broadway	190,148		45,540		27,865		—		207,635		45,540		235,500		281,040		12,200		1921	8/2015	Various
885 Third Avenue (7)	—		138,444		244,040		(138,444)		(125,747)		—		118,293		118,293		11,040		1986	7/2020	Various
690 Madison (6)	60,000		13,820		51,732		—		28		13,820		51,760		65,580		3,863		1879	9/2021	Various
Other (8)	—		20,635		16,224		2,302		611,561		22,937		627,785		650,722		33,669
Total	$	1,497,386	$	1,210,669	$	4,495,893	$	(117,996)	$	1,467,536	$	1,092,671	$	5,963,429	$	7,056,100	$	2,035,311

(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)Property located in Connecticut.

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

(6)Property is included in the Company's alternative strategy portfolio.

(7)In December 2022, the Company sold 414,317 square feet of office leasehold condominium units at the property. The Company retained the remaining 218,796 square feet of the building.

(8)Other includes a land development project, tenant improvements of eEmerge, capitalized interest and corporate improvements.

The changes in real estate for the years ended December 31, 2023, 2022 and 2021 are as follows (in thousands):

	Year Ended December 31,
	2023		2022		2021
Balance at beginning of year	$	9,198,799	$	7,650,907	$	7,355,079
Property acquisitions	—		1,900,042		124,103
Improvements	241,213		335,413		296,876
Retirements/disposals/deconsolidation	(2,383,912)		(687,563)		(125,151)
Balance at end of year	$	7,056,100	$	9,198,799	$	7,650,907

The aggregate cost of land, buildings and improvements, before depreciation, for Federal income tax purposes as of December 31, 2023 was $4.4 billion (unaudited).

The changes in accumulated depreciation, exclusive of amounts relating to equipment, autos, and furniture and fixtures, for the years ended December 31, 2023, 2022 and 2021 are as follows (in thousands):

	Year Ended December 31,
	2023		2022		2021
Balance at beginning of year	$	2,039,554	$	1,896,199	$	1,956,077
Depreciation for year	199,576		175,465		174,219
Retirements/disposals/deconsolidation	(203,819)		(32,110)		(234,097)
Balance at end of year	$	2,035,311	$	2,039,554	$	1,896,199