Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2025

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		Total		Accumulated Depreciation		Date of Construction	Date Acquired	Life on  Which Depreciation is Computed
420 Lexington Ave	$	258,523	$	—	$	333,499	$	—	$	106,916	$	—	$	440,415	$	440,415	$	255,135	1927	3/1998	Various
711 Third Avenue	—		19,844		115,769		—		23,046		19,844		138,815		158,659		91,323		1955	5/1998	Various
555 W. 57th Street	—		18,846		140,946		—		25,859		18,846		166,805		185,651		109,532		1971	1/1999	Various
461 Fifth Avenue	—		—		88,276		28,873		19,632		28,873		107,908		136,781		54,641		1988	10/2003	Various
750 Third Avenue	—		51,093		251,523		—		168,369		51,093		419,892		470,985		121,610		1958	7/2004	Various
485 Lexington Avenue	450,000		78,282		452,631		—		1,027		78,282		453,658		531,940		236,495		1956	12/2004	Various
810 Seventh Avenue	—		114,077		550,819		—		37,307		114,077		588,126		702,203		268,101		1970	1/2007	Various
1185 Avenue of the Americas	—		—		791,106		—		68,298		—		859,404		859,404		445,591		1969	1/2007	Various
1350 Avenue of the Americas	—		90,941		431,517		—		29,461		90,941		460,978		551,919		226,360		1966	1/2007	Various
1-6 Landmark Square (3)	100,000		27,852		161,343		(6,939)		(5,495)		20,913		155,848		176,761		57,175		1973-1984	1/2007	Various
7 Landmark Square (3)	—		1,721		8,417		(1,338)		(6,207)		383		2,210		2,593		875		2007	1/2007	Various
100 Church Street	365,000		34,994		183,932		—		18,086		34,994		202,018		237,012		89,348		1959	1/2010	Various
125 Park Avenue	—		120,900		270,598		—		36,111		120,900		306,709		427,609		149,136		1923	10/2010	Various
19 East 65th Street	—		8,603		2,074		—		10,967		8,603		13,041		21,644		10		1929	1/2012	Various
304 Park Avenue	—		54,489		90,643		—		14,031		54,489		104,674		159,163		40,861		1930	6/2012	Various
760 Madison Avenue	—		284,286		8,314		(3,205)		93,372		281,081		101,686		382,767		7,703		1996/2012	7/2014	Various
110 Greene Street	—		45,120		228,393		—		5,817		45,120		234,210		279,330		70,977		1910	7/2015	Various
7 Dey / 185 Broadway	190,149		45,540		27,865		—		211,211		45,540		239,076		284,616		31,567		1921	8/2015	Various
885 Third Avenue (4)	—		138,444		244,040		(138,444)		(114,346)		—		129,694		129,694		20,508		1986	7/2020	Various
690 Madison Avenue	—		13,820		51,732		(7,985)		(27,336)		5,835		24,396		30,231		5,653		1879	9/2021	Various
10 East 53rd Street (5)	204,550		104,143		62,470		—		1,727		104,143		64,197		168,340		10,897		1971	2/2012	Various
500 Park Avenue	80,000		91,920		15,762		—		—		91,920		15,762		107,682		1,776		1960	1/2025	Various
315 West 33rd Street(6)	250,000		179,391		179,776		—		—		179,391		179,776		359,167		1,650		2000	9/2025	Various
346 Madison Avenue	—		162,262		1,797		—		—		162,262		1,797		164,059		—		1915	10/2025	Various
800 Third Avenue(6)	177,000		139,949		33,308		—		—		139,949		33,308		173,257		1,122		1970	12/2006	Various
Other (7)	—		20,637		16,224		(18,901)		(210)		1,736		16,014		17,750		8,331
Total	$	2,075,222	$	1,847,154	$	4,742,774	$	(147,939)	$	717,643	$	1,699,215	$	5,460,417	$	7,159,632	$	2,306,377

(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)Property located in Connecticut.

(4)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.

(5)Initial cost is the fair value that was determined upon consolidation of these investments in 2024.

(6)Initial cost is the fair value that was determined upon consolidation of these investments in 2025.

(7)Other includes tenant improvements of eEmerge, capitalized interest and corporate improvements.

The changes in real estate for the years ended December 31, 2025, 2024, and 2023 are as follows (in thousands):

	Year Ended December 31,
	2025		2024		2023
Balance at beginning of year	$	6,607,741	$	6,102,864	$	9,198,799
Property acquisitions	270,836		—		—
Improvements	255,476		199,416		241,213
Retirements/disposals/deconsolidation	25,579		305,461		(2,383,912)
Reclassification (1)	—		—		(953,236)
Balance at end of year	$	7,159,632	$	6,607,741	$	6,102,864

The aggregate cost of land, buildings and improvements, before depreciation, for Federal income tax purposes as of December 31, 2025 was $5.6 billion.

The changes in accumulated depreciation, exclusive of amounts relating to equipment, autos, and furniture and fixtures, for the years ended December 31, 2025, 2024, and 2023 are as follows (in thousands):

	Year Ended December 31,
	2025		2024		2023
Balance at beginning of year	$	2,126,081	$	1,968,004	$	2,039,554
Depreciation for year	195,520		171,744		199,576
Retirements/disposals/deconsolidation	(15,224)		(13,667)		(203,819)
Reclassification (1)	—		—		(67,307)
Balance at end of year	$	2,306,377	$	2,126,081	$	1,968,004

(1)Beginning in the second quarter of 2024, we reclassified amounts recorded for certain right-of-use assets classified as operating leases from a gross presentation above accumulated depreciation to a net presentation below accumulated depreciation on our consolidated balance sheets. This includes reclassifying the related amortization that was previously included in the accumulated depreciation balance. As such, we no longer present right-of-use assets and related amortization in Schedule III - Real Estate and Accumulated Depreciation. See the "Reclassification" section of Note 2, "Significant Accounting Policies" for more information regarding this reclassification.