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Debt (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Long Term Debt Debt consisted of the following as of December 31, 2022 and 2021 (amounts in thousands):
As of December 31, 2022
Principal Balance as
of December 31, 2022		Principal Balance as
of December 31, 2021		Stated
Rate
Effective
Rate(1)
Maturity
Date(2)
Fixed rate mortgage debt
Metro Center$82,596 $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)
178,823 180,000 4.28 %4.73 %7/1/2027
1010 Third Avenue and 77 West 55th Street35,831 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 Street (4)
— 31,091 — %— %— 
383 Main Avenue(5)
— 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 B7,865 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 B17,415 19,250 
LIBOR plus 2.45%
3.85 %11/1/2033
Total fixed rate mortgage debt900,630 968,793 
Senior unsecured notes: (6)
   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 E 160,000 160,000 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 revolving credit facility (6)(7)
— — 
SOFR plus 1.30%
— %3/31/2025
Unsecured term loan facility (6)(7)
215,000 215,000 
SOFR plus 1.20%
4.22 %3/19/2025
Unsecured term loan facility (6)(7)
175,000 175,000 
SOFR plus 1.50%
4.51 %12/31/2026
Total principal2,265,630 2,333,793 
Deferred financing costs, net(11,748)(14,881)
Unamortized debt discount(7,745)(8,547)
Total$2,246,137 $2,310,365 
______________

(1)The effective rate is the yield as of December 31, 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 of 4.09% and a $14.8 million loan bearing interest at 6.25%.
(4)10 Bank Street was sold in December 2022.
(5)Ownership of 383 Main Avenue, Norwalk CT was transferred to the lender during April 2022.
(6)At December 31, 2022, we were in compliance with all debt covenants.
(7)As of August 29, 2022, the benchmark index interest rate was converted from LIBOR to SOFR, plus a benchmark adjustment of 10.0 basis points.
Schedule of Maturities of Long-term Debt Principal Payments Aggregate required principal payments at December 31, 2022 are as follows (amounts in thousands):
 
YearAmortizationMaturitiesTotal
2023$8,632 $— $8,632 
20248,861 77,675 86,536 
20256,893 315,000 321,893 
20267,330 225,000 232,330 
20276,461 319,000 325,461 
Thereafter22,079 1,268,699 1,290,778 
Total principal maturities$60,256 $2,205,374 $2,265,630 
Schedule of Deferred Financing Costs, Net Deferred costs, net, consisted of the following at December 31, 2022 and 2021 (amounts in thousands):      
20222021
Leasing costs$218,707 $211,189 
Acquired in-place lease value and deferred leasing costs160,683 166,491 
Acquired above-market leases27,833 33,289 
407,223 410,969 
Less: accumulated amortization(223,246)(215,764)
Total deferred costs, net, excluding net deferred financing costs$183,977 $195,205 
Deferred financing costs, net, consisted of the following at December 31, 2022 and 2021 (amounts in thousands):     
20222021
Financing costs$43,473 $44,637 
Less: accumulated amortization(26,753)(22,525)
Total deferred financing costs, net$16,720 $22,112