Mortgage Notes Payable (Tables)

6 Months Ended

Jun. 30, 2015

Debt Disclosure [Abstract]

Schedule of Mortgage Notes Payable

The Company's mortgage notes payable as of June 30, 2015 and December 31, 2014 consist of the following:

		Outstanding Loan Amount
Portfolio	Encumbered Properties	June 30, 2015		December 31, 2014		Effective Interest Rate		Interest Rate		Maturity
		(In thousands)		(In thousands)
Design Center	1	$	20,000	$	20,198	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	4,695		4,741		4.4	%	Fixed		Dec. 2021
One Jackson Square	1	13,000		13,000		3.4	%	Fixed	(1)	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	%	Fixed	(1)	Aug. 2017
1623 Kings Highway	1	7,288		7,288		3.3	%	Fixed	(1)	Nov. 2017
256 West 38th Street	1	24,500		24,500		3.1	%	Fixed	(1)	Dec. 2017
229 West 36th Street	1	35,000		35,000		2.9	%	Fixed	(1)	Dec. 2017
	14	$	171,998	$	172,242	3.6	%	(2)

______________________ 

(1) Fixed through an interest rate swap agreement.

(2) Calculated on a weighted average basis for all mortgages outstanding as of June 30, 2015.

Schedule Of Aggregate Principal Payments On Mortgages

The following table summarizes the scheduled aggregate principal repayments subsequent to June 30, 2015:

(In thousands)	Future Minimum Principal Payments
July 1, 2015 - December 31, 2015	$	21,550
2016	28,167
2017	102,730
2018	4,573
2019	4,777
Thereafter	10,201
Total	$	171,998