Mortgages Payable, Net (Tables)

9 Months Ended

Sep. 30, 2019

Mortgages payable, net consists of the following:


			Weighted Average
			Interest Rate as of			Amount Due at		As of			As of
Property	Interest Rate		September 30, 2019		Maturity Date	Maturity		September 30, 2019			December 31, 2018

Gantry Park	4.48	%	4.48	%	November 2024	$	65,317	$	72,438	$	73,341

DePaul Plaza			(Repaid in full on September 20, 2019)				—		—		14,072

Bowery Land and Air Rights	LIBOR + 4.25	%	6.71	%	December 2020		34,252		34,252		32,567

Exterior Street Land	4.50	%	4.50	%	April 2020		35,000		35,000		—

Total mortgages payable			5.02	%		$	134,569		141,690		119,980

Less: Deferred financing costs									(2,677)		(1,579)

Total mortgages payable, net								$	139,013	$	118,401

Contractually Scheduled Principal Maturities During Next Five Years

The following table shows the contractually scheduled principal maturities of the Company’s mortgage debt during the next five years and thereafter as of September 30, 2019:


	2019		2020		2021		2022		2023		Thereafter		Total

Principal maturities	$	311	$	70,512	$	1,328	$	1,389	$	1,454	$	66,696	$	141,690

Less: Deferred financing costs														(2,677)

Total principal maturities, net													$	139,013