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Investments in Unconsolidated Joint Ventures - Summary of Financial Information of Unconsolidated Joint Ventures (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Schedule Of Equity Method Investments [Line Items]      
Total assets $ 8,006,215 [1] $ 8,453,254 [1] $ 8,494,562
Total liabilities [1] 3,991,327 4,042,488  
Equity 3,203,285 3,592,291  
Total liabilities and equity 8,006,215 8,453,254  
Rental revenue 711,470 702,819 690,418
Other income 9,721 9,137 7,895
Total revenues 742,788 740,377 726,786
Operating 293,965 277,422 265,438
Depreciation and amortization 250,644 232,517 232,487
Total expenses 607,017 569,896 557,973
Interest and other (loss) income, net 14,837 5,174 3,017
Interest and debt expense (152,990) (143,864) (142,014)
Loss before income taxes (369,877) (24,932) 5,702
Income tax expense (1,426) (3,265) (3,643)
Net loss attributable to common stockholders (259,744) (36,403) (20,354)
Unconsolidated Joint Ventures [Member]      
Schedule Of Equity Method Investments [Line Items]      
Real estate, net 1,528,595 2,377,084  
Cash and cash equivalents and restricted cash 167,355 252,540  
Intangible assets, net 52,164 69,599  
For-sale residential condominium units [2] 246,824 322,232  
Other assets 84,179 87,054  
Total assets 2,079,117 3,108,509  
Notes and mortgages payable, net 1,744,706 1,834,916  
Intangible liabilities, net 5,026 10,972  
Other liabilities 98,462 50,783  
Total liabilities 1,848,194 1,896,671  
Equity 230,923 1,211,838  
Total liabilities and equity 2,079,117 3,108,509  
Rental revenue 155,549 194,031 229,420
Other income [3] 11,234 65,850 139,705
Total revenues 166,783 259,881 369,125
Operating [3] 169,826 [4] 152,313 220,396
Depreciation and amortization 67,727 85,949 107,079
Total expenses 237,553 238,262 327,475
Interest and other (loss) income, net 3,035 991 (111)
Interest and debt expense (73,485) (62,173) (63,493)
Real estate impairment loss (917,044) [5] (64,663) [6]  
Loss before income taxes (1,058,264) (104,226) (21,954)
Income tax expense (32) (60) (32)
Net loss attributable to common stockholders $ (1,058,296) $ (104,286) $ (21,986)
[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 91.8% as of December 31, 2023. As of December 31, 2023, the assets and liabilities of the Operating Partnership include $3,860,326 and $2,522,385 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 12, Variable Interest Entities (“VIEs”).
[2] Represents 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.
[4] Includes $68,407 of impairment losses related to condominium units at One Steuart Lane, of which RDF’s share was $23,942. See note 8 on page
[5] Represents real estate impairment losses related to Market Center, 55 Second Street, and 60 Wall Street, of which our share was $148,906, $52,590, and $24,734, respectively. See notes 4, 5, and 7 on page 86.
[6] Represents a real estate impairment loss on 111 Sutter Street, of which our share was $31,685.