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Mortgages and Other Loans Payable (Tables)
 12 Months Ended
Dec. 31, 2023
Mortgages and Other Loans Payable  
Schedule of Mortgages and Other Loans Payable
The mortgages and other loans payable collateralized by the respective properties and assignment of leases or debt investments as of December 31, 2023 and 2022, respectively, were as follows (dollars in thousands):
PropertyMaturity Date
Final Maturity Date (1)
Interest
Rate (2)
December 31, 2023December 31, 2022
Fixed Rate Debt:
420 Lexington AvenueOctober 2024October 20403.99%$277,238 $283,064 
100 Church StreetJune 2025June 20275.89%370,000 370,000 
7 Dey / 185 BroadwayNovember 2025November 20266.65%190,148 200,000 
Landmark SquareJanuary 2027January 20274.90%100,000 100,000 
485 Lexington AvenueFebruary 2027February 20274.25%450,000 450,000 
719 Seventh Avenue— 50,000 
245 Park Avenue— 1,712,750 
Total fixed rate debt$1,387,386 $3,165,814 
Floating Rate Debt:
690 Madison Avenue (3)
July 2024July 2025S+0.50%$60,000 $60,000 
719 Seventh Avenue (3)
December 2024December 2024S+1.31%50,000 — 
7 Dey / 185 Broadway— 10,148 
Total floating rate debt$110,000 $70,148 
Total mortgages and other loans payable$1,497,386 $3,235,962 
Deferred financing costs, net of amortization(6,067)(8,399)
Total mortgages and other loans payable, net$1,491,319 $3,227,563 
(1)Reflects exercise of all available options. The ability to exercise extension options may be subject to certain tests based on the operating performance of the property.
(2)Interest rate as of December 31, 2023, taking into account interest rate hedges in effect during the period. Floating rate debt is presented with the stated spread over Term SOFR ("S"), unless otherwise specified.
(3)Included in the Company's alternative strategy portfolio.