XML 21 R54.htm IDEA: XBRL DOCUMENT v2.4.1.9
Debt Unsecured Loan and Note Payable (Details) (USD $)
3 Months Ended 9 Months Ended 12 Months Ended 0 Months Ended
Dec. 31, 2013
Oct. 06, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Aug. 15, 2014
Debt Instrument [Line Items]            
Proceeds from mortgage notes payable $ 0us-gaap_ProceedsFromIssuanceOfLongTermDebt   $ 191,000,000us-gaap_ProceedsFromIssuanceOfLongTermDebt      
Senior unsecured notes 0us-gaap_ConvertibleDebt   237,667,000us-gaap_ConvertibleDebt 0us-gaap_ConvertibleDebt    
Interest expense (13,147,000)us-gaap_InterestExpense (50,660,000)us-gaap_InterestExpense (66,456,000)us-gaap_InterestExpense   (54,394,000)us-gaap_InterestExpense  
Amortization of deferred finance costs and debt premiums and discount     7,600,000us-gaap_AmortizationOfFinancingCosts 12,700,000us-gaap_AmortizationOfFinancingCosts 4,900,000us-gaap_AmortizationOfFinancingCosts  
Convertible Debt [Member] | Exchangeable Senior Notes due August 15, 2019 [Member]            
Debt Instrument [Line Items]            
Face amount           250,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= esrt_ExchangeableSeniorNotesdueAugust152019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
Debt Instrument, Interest Rate, Stated Percentage           2.625%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= esrt_ExchangeableSeniorNotesdueAugust152019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
Proceeds from mortgage notes payable           246,900,000us-gaap_ProceedsFromIssuanceOfLongTermDebt
/ us-gaap_DebtInstrumentAxis
= esrt_ExchangeableSeniorNotesdueAugust152019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
Shares converted           51.4059us-gaap_ConversionOfStockSharesConverted1
/ us-gaap_DebtInstrumentAxis
= esrt_ExchangeableSeniorNotesdueAugust152019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
Conversion price           $ 19.45us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_DebtInstrumentAxis
= esrt_ExchangeableSeniorNotesdueAugust152019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
Percentage of principal redeemed           100.00%us-gaap_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed
/ us-gaap_DebtInstrumentAxis
= esrt_ExchangeableSeniorNotesdueAugust152019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
Effective Rate           3.80%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_DebtInstrumentAxis
= esrt_ExchangeableSeniorNotesdueAugust152019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
Senior unsecured notes           236,600,000us-gaap_ConvertibleDebt
/ us-gaap_DebtInstrumentAxis
= esrt_ExchangeableSeniorNotesdueAugust152019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
Embedded conversion option     13,400,000esrt_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeatureGross
/ us-gaap_DebtInstrumentAxis
= esrt_ExchangeableSeniorNotesdueAugust152019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
     
Remaining discount amortization period           5 years
Unamortized discount     12,300,000us-gaap_DebtInstrumentUnamortizedDiscount
/ us-gaap_DebtInstrumentAxis
= esrt_ExchangeableSeniorNotesdueAugust152019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
     
Underwriting expense           3,100,000us-gaap_PaymentsForUnderwritingExpense
/ us-gaap_DebtInstrumentAxis
= esrt_ExchangeableSeniorNotesdueAugust152019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
Deferred finance costs           2,900,000us-gaap_DeferredFinanceCostsNoncurrentNet
/ us-gaap_DebtInstrumentAxis
= esrt_ExchangeableSeniorNotesdueAugust152019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
Embedded conversion feature, reduction     200,000esrt_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeatureReduction
/ us-gaap_DebtInstrumentAxis
= esrt_ExchangeableSeniorNotesdueAugust152019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
     
Interest on note     3,800,000us-gaap_InterestExpenseDebt
/ us-gaap_DebtInstrumentAxis
= esrt_ExchangeableSeniorNotesdueAugust152019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
     
Interest expense     (2,500,000)us-gaap_InterestExpense
/ us-gaap_DebtInstrumentAxis
= esrt_ExchangeableSeniorNotesdueAugust152019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
     
Accretion of debt discount     1,100,000us-gaap_AmortizationOfDebtDiscountPremium
/ us-gaap_DebtInstrumentAxis
= esrt_ExchangeableSeniorNotesdueAugust152019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
     
Amortization of deferred finance costs and debt premiums and discount     $ 200,000us-gaap_AmortizationOfFinancingCosts
/ us-gaap_DebtInstrumentAxis
= esrt_ExchangeableSeniorNotesdueAugust152019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
     
Covenant Scenario One [Member] | Convertible Debt [Member] | Exchangeable Senior Notes due August 15, 2019 [Member]            
Debt Instrument [Line Items]            
Threshold Percentage of Stock Price Trigger           130.00%us-gaap_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
/ esrt_ConvertibleDebtCovenantScenarioAxis
= esrt_CovenantScenarioOneMember
/ us-gaap_DebtInstrumentAxis
= esrt_ExchangeableSeniorNotesdueAugust152019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
Threshold trading days           20us-gaap_DebtInstrumentConvertibleThresholdTradingDays
/ esrt_ConvertibleDebtCovenantScenarioAxis
= esrt_CovenantScenarioOneMember
/ us-gaap_DebtInstrumentAxis
= esrt_ExchangeableSeniorNotesdueAugust152019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
Threshold consecutive trading days           30 days
Covenant Scenario Two [Member] | Convertible Debt [Member] | Exchangeable Senior Notes due August 15, 2019 [Member]            
Debt Instrument [Line Items]            
Threshold Percentage of Stock Price Trigger           98.00%us-gaap_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
/ esrt_ConvertibleDebtCovenantScenarioAxis
= esrt_CovenantScenarioTwoMember
/ us-gaap_DebtInstrumentAxis
= esrt_ExchangeableSeniorNotesdueAugust152019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
Threshold consecutive trading days           5 years
Threshold consecutive business days           5 years