Mortgage Notes Payable (Tables)

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Schedule of Mortgage Notes Payable

The Company's mortgage notes payable as of March 31, 2014 and December 31, 2013 consist of the following:

		Outstanding Loan Amount
Portfolio	Encumbered Properties	March 31, 2014		December 31, 2013		Effective Interest Rate			Interest Rate	Maturity
		(In thousands)		(In thousands)
Interior Design Building	1	$	20,487	$	20,582	4.4	%		Fixed	Dec. 2021
Bleecker Street	3	21,300		21,300		4.3	%		Fixed	Dec. 2015
Foot Locker	1	3,250		3,250		4.6	%		Fixed	Jun. 2016
Regal Parking Garage	1	3,000		3,000		4.5	%		Fixed	Jul. 2016
Duane Reade	1	8,400		8,400		3.6	%		Fixed	Nov. 2016
Washington Street Portfolio	1	4,809		4,831		4.4	%		Fixed	Dec. 2021
One Jackson Square	1	13,000		13,000		3.4	%	(1)	Fixed	Dec. 2016
350 West 42nd Street	1	11,365		11,365		3.4	%		Fixed	Aug. 2017
1100 Kings Highway	1	20,200		20,200		3.4	%	(1)	Fixed	Aug. 2017
1623 Kings Highway	1	7,288		7,288		3.3	%	(1)	Fixed	Nov. 2017
256 West 38th Street	1	24,500		24,500		3.1	%	(1)	Fixed	Dec. 2017
229 West 36th Street	1	35,000		35,000		2.9	%	(1)	Fixed	Dec. 2017
	14	$	172,599	$	172,716	3.6	%	(2)

______________________ 

(1) Fixed through an interest rate swap agreement.

(2) Calculated on a weighted average basis for all mortgages outstanding as of March 31, 2014.

Schedule Of Aggregate Principal Payments On Mortgages

The following table summarizes the scheduled aggregate principal repayments subsequent to March 31, 2014:

(In thousands)	Future Minimum Principal Payments
April 1, 2014 - December 31, 2014	$	357
2015	21,794
2016	28,167
2017	102,730
2018	4,573
Thereafter	14,978
Total	$	172,599