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Deferred Costs, Acquired Lease Intangibles and Goodwill
 9 Months Ended
Sep. 30, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Deferred Costs, Acquired Lease Intangibles and Goodwill
Deferred Costs, Acquired Lease Intangibles and Goodwill
Deferred costs, net consisted of the following (amounts in thousands):  
 
September 30, 2014
 
December 31, 2013
 
Gross Amount
 
Accumulated Amortization
 
Gross Amount
 
Accumulated Amortization
Leasing costs
$
97,971

 
$
(31,687
)
 
$
90,198

 
$
(27,459
)
Financing costs
26,589

 
(12,477
)
 
27,416

 
(11,217
)
Total deferred costs
$
124,560

 
$
(44,164
)
 
$
117,614

 
$
(38,676
)

Amortization expense related to deferred leasing costs was $2.2 million and $2.4 million for the three months ended September 30, 2014 and 2013, respectively, and $7.0 million and $6.4 million for the nine months ended September 30, 2014 and 2013, respectively. Amortization expense related to deferred financing costs was $2.7 million and $2.0 million for the three months ended September 30, 2014 and 2013, respectively, and $5.1 million and $5.6 million for the nine months ended September 30, 2014 and 2013, respectively.
Amortizing acquired intangible assets and liabilities consisted of the following (amounts in thousands):
 
September 30, 2014
 
December 31, 2013
 
Gross Amount
 
Accumulated Amortization
 
Gross Amount
 
Accumulated Amortization
Acquired below-market ground leases
$
395,784

 
$
(3,028
)
 
$
62,738

 
$
(426
)
Acquired in-place lease value and deferred leasing costs
273,187

 
(34,134
)
 
186,415

 
(5,697
)
Acquired above-market leases
85,116

 
(12,168
)
 
72,123

 
(2,858
)
Acquired below-market leases
(170,964
)
 
22,471

 
(134,651
)
 
4,769


Amortization expense related to acquired lease intangibles for the three months ended September 30, 2014 was $10.1 million and $20.7 million for the nine months ended September 30, 2014. Rental revenue related to the amortization of below-market leases, net of above-market leases, for the three months ended September 30, 2014 was $4.6 million and $8.5 million for the nine months ended September 30, 2014. There was no amortization expense for the three and nine months ended September 30, 2013 related to acquired intangible assets and liabilities.
As of September 30, 2014, we had goodwill of $491.5 million. In 2013, we acquired the interests in Empire State Building Company L.L.C. and 501 Seventh Avenue Associates L.L.C. for an amount in excess of their net tangible and identified intangible assets and liabilities and as a result we recorded goodwill related to the transaction. Goodwill was allocated $227.5 million to the observatory operations of the Empire State Building, $250.8 million to Empire State Building Company, L.L.C., and $13.2 million to 501 Seventh Avenue Associates L.L.C.