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Debt (Tables)
 6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Long-term debt Debt consisted of the following as of June 30, 2022 and December 31, 2021 (amounts in thousands):
Principal BalanceAs of June 30, 2022
June 30, 2022December 31, 2021Stated
Rate
Effective
Rate(1)
Maturity
Date(2)
Mortgage debt collateralized by:
Fixed rate mortgage debt
Metro Center$83,824 $85,032 3.59 %3.67 %11/5/2024
10 Union Square50,000 50,000 3.70 %3.97 %4/1/2026
1542 Third Avenue30,000 30,000 4.29 %4.53 %5/1/2027
First Stamford Place(3)
180,000 180,000 4.28 %4.73 %7/1/2027
1010 Third Avenue and 77 West 55th Street36,255 36,670 4.01 %4.21 %1/5/2028
250 West 57th Street180,000 180,000 2.83 %3.21 %12/1/2030
10 Bank Street30,609 31,091 4.23 %4.37 %6/1/2032
383 Main Avenue(4)
— 30,000 — %— %— 
1333 Broadway160,000 160,000 4.21 %4.29 %2/5/2033
345 East 94th Street - Series A43,600 43,600 
70.0% of LIBOR plus 0.95%
3.56 %11/1/2030
345 East 94th Street - Series B8,173 8,650 
LIBOR plus 2.24%
3.56 %11/1/2030
561 10th Avenue - Series A114,500 114,500 
70.0% of LIBOR plus 1.07%
3.85 %11/1/2033
561 10th Avenue - Series B18,170 19,250 
LIBOR plus 2.45%
3.85 %11/1/2033
Total mortgage debt935,131 968,793 
Senior unsecured notes:(5)
   Series A100,000 100,000 3.93 %3.96 %3/27/2025
   Series B125,000 125,000 4.09 %4.12 %3/27/2027
   Series C125,000 125,000 4.18 %4.21 %3/27/2030
   Series D115,000 115,000 4.08 %4.11 %1/22/2028
   Series E160,000 160,000 4.26 %4.27 %3/22/2030
   Series F175,000 175,000 4.44 %4.45 %3/22/2033
   Series G100,000 100,000 3.61 %4.89 %3/17/2032
   Series H75,000 75,000 3.73 %5.00 %3/17/2035
Unsecured term loan facility (5)
215,000 215,000 
LIBOR plus 1.20%
3.58 %3/19/2025
Unsecured revolving credit facility (5)
— — 
LIBOR plus 1.30%
— 3/31/2025
Unsecured term loan facility (5)
175,000 175,000 
LIBOR plus 1.50%
4.02 %12/31/2026
Total principal2,300,131 2,333,793 
Deferred financing costs, net(13,277)(14,881)
Unamortized debt discount(8,135)(8,547)
Total$2,278,719 $2,310,365 
______________

(1)The effective rate is the yield as of June 30, 2022 and includes the stated interest rate, deferred financing cost amortization and interest associated with variable to fixed interest rate swap agreements.
(2)Pre-payment is generally allowed for each loan upon payment of a customary pre-payment penalty.
(3)Represents a $164 million mortgage loan bearing interest at 4.09% and a $16 million loan bearing interest at 6.25%.
(4)Ownership of 383 Main Avenue, Norwalk CT was transferred to the lender during April 2022.
(5)At June 30, 2022, we were in compliance with all debt covenants.
Aggregate required principal payments Aggregate required principal payments at June 30, 2022 are as follows (amounts in thousands):
YearAmortizationMaturitiesTotal
2022$4,194 $— $4,194 
20239,632 — 9,632 
20249,903 77,675 87,578 
20257,979 315,000 322,979 
20268,491 225,000 233,491 
Thereafter35,975 1,606,282 1,642,257 
Total $76,174 $2,223,957 $2,300,131 
Deferred financing costs, net Deferred costs, net, consisted of the following as of June 30, 2022 and December 31, 2021 (amounts in thousands):  
June 30, 2022December 31, 2021
Leasing costs$217,415 $211,189 
Acquired in-place lease value and deferred leasing costs158,874 166,491 
Acquired above-market leases29,419 33,289 
405,708 410,969 
Less: accumulated amortization(218,336)(215,764)
Total deferred costs, net, excluding net deferred financing costs$187,372 $195,205 
Deferred financing costs, net, consisted of the following at June 30, 2022 and December 31, 2021 (amounts in thousands):
 June 30, 2022December 31, 2021
Financing costs$44,065 $44,637 
Less: accumulated amortization(24,727)(22,525)
Total deferred financing costs, net$19,338 $22,112