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Investments in Unconsolidated Joint Ventures - Summary of Financial Information of Unconsolidated Joint Ventures (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Schedule Of Equity Method Investments [Line Items]      
Total assets [1] $ 8,480,089   $ 8,453,254
Total liabilities [1] 4,043,009   4,042,488
Equity 3,562,571   3,592,291
Total liabilities and equity 8,480,089   8,453,254
Rental revenue 181,713 $ 169,922  
Other income 2,204 1,775  
Total revenues 188,474 183,685  
Operating 70,309 66,661  
Depreciation and amortization 58,888 55,624  
Total expenses 143,948 138,047  
Interest and other income (loss) 2,925 231  
Interest and debt expense (36,459) (34,277)  
Loss before income taxes 8,602 6,649  
Income tax expense (288) (527)  
Net income attributable to common stockholders 1,729 $ 3,371  
Unconsolidated Joint Ventures [Member]      
Schedule Of Equity Method Investments [Line Items]      
Real estate, net 2,394,692   2,377,084
Cash and cash equivalents and restricted cash 237,588   252,540
Intangible assets, net 64,517   69,599
For-sale residential condominium units [2] 321,077   322,232
Other assets 80,520   87,054
Total assets 3,098,394   3,108,509
Notes and mortgages payable, net 1,839,321   1,834,916
Intangible liabilities, net 9,299   10,972
Other liabilities 60,496   50,783
Total liabilities 1,909,116   1,896,671
Equity 1,189,278   1,211,838
Total liabilities and equity 3,098,394   3,108,509
Rental revenue 40,221   57,520
Other income [3] 1,757   18,582
Total revenues 41,978   76,102
Operating [3] 24,701   42,508
Depreciation and amortization 17,765   26,898
Total expenses 42,466   69,406
Interest and other income (loss) 709   (42)
Interest and debt expense 15,446   17,598
Loss before income taxes (15,225)   (10,944)
Income tax expense 11   29
Net income attributable to common stockholders $ (15,236)   $ (10,973)
[1] Represents the consolidated assets and liabilities of Paramount Group Operating Partnership LP, a Delaware limited partnership (the “Operating Partnership”). The Operating Partnership is a consolidated variable interest entity (“VIE”), of which we are the sole general partner and own approximately 93.5% as of March 31, 2023. As of March 31, 2023, the assets and liabilities of the Operating Partnership include $4,065,842 and $2,587,614 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 12, Variable Interest Entities (“VIEs”).
[2] Represents the cost of residential condominium units at One Steuart Lane that are available for sale.
[3] Includes proceeds and cost of sales from the sale of residential condominium units at One Steuart Lane.