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Mortgages and Other Loans Payable (Tables)
 3 Months Ended
Mar. 31, 2024
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 March 31, 2024 and December 31, 2023, respectively, were as follows (dollars in thousands):
PropertyMaturity
Date
Final Maturity Date (1)
Interest
Rate (2)
March 31, 2024December 31, 2023
Fixed Rate Debt:
420 Lexington AvenueOctober 2024October 20403.99%$275,737 $277,238 
10 East 53rd StreetMay 2025
May 2028 (3)
5.45%205,000 — 
100 Church StreetJune 2025June 20275.89%370,000 370,000 
7 Dey / 185 BroadwayNovember 2025
November 2026 (3)
6.65%190,148 190,148 
Landmark SquareJanuary 2027January 20274.90%100,000 100,000 
485 Lexington AvenueFebruary 2027February 20274.25%450,000 450,000 
Total fixed rate debt$1,590,885 $1,387,386 
Floating Rate Debt:
690 Madison Avenue (4)
July 2024July 2025S+0.50%$60,493 $60,000 
719 Seventh Avenue (4)(5)
December 2024December 2024S+1.31%50,000 50,000 
Total floating rate debt$110,493 $110,000 
Total mortgages and other loans payable$1,701,378 $1,497,386 
Deferred financing costs, net of amortization(6,215)(6,067)
Total mortgages and other loans payable, net$1,695,163 $1,491,319 
(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 March 31, 2024, 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)As-of-right extension.
(4)Included in the Company's alternative strategy portfolio.
(5)In April 2024, the Company entered into an agreement to sell 719 Seventh Avenue. In connection with the sale, the Company will repay the existing $50.0 million mortgage for $32.0 million.