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Investments in Unconsolidated Joint Ventures - Summary of Financial Information of Unconsolidated Joint Ventures (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Schedule Of Equity Method Investments [Line Items]          
Deferred rent receivable $ 355,555   $ 355,555   $ 351,209
Total assets [1] 7,890,952   7,890,952   8,006,215
Accounts payable and accrued expenses 114,808   114,808   114,463
Total liabilities [1] 3,839,546   3,839,546   3,991,327
Equity 3,173,867   3,173,867   3,203,285
Total liabilities and equity 7,890,952   7,890,952   8,006,215
Rental revenue 184,235 $ 182,515 543,636 $ 529,734  
Other income 3,888 2,093 10,220 6,477  
Total revenues 194,899 189,181 571,184 550,317  
Operating 80,316 75,502 226,248 216,889  
Depreciation and amortization 60,071 60,263 182,920 181,778  
Total expenses 157,301 151,357 459,949 445,297  
Interest and other income 3,517 4,115 26,830 10,007  
Interest and debt expense (43,805) (39,102) (124,078) (112,440)  
(Loss) income before income taxes (3,584) (24,798) 10,996 (98,452)  
Income tax expense (619) (263) (1,328) (1,124)  
Net loss attributable to common stockholders (9,688) (8,385) (7,642) (54,194)  
Unconsolidated Joint Ventures [Member]          
Schedule Of Equity Method Investments [Line Items]          
Real estate, net 1,606,587   1,606,587   1,528,595
Cash and cash equivalents and restricted cash 157,328   157,328   167,355
Intangible assets, net 43,829   43,829   52,164
For-sale residential condominium units [2] 235,366   235,366   246,824
Deferred rent receivable 40,215   40,215   35,448
Other assets 43,852   43,852   48,731
Total assets 2,127,177   2,127,177   2,079,117
Notes and mortgages payable, net 1,770,748   1,770,748   1,744,706
Accounts payable and accrued expenses 61,749   61,749   92,770
Intangible liabilities, net 1,940   1,940   5,026
Other liabilities 74,602   74,602   5,692
Total liabilities 1,909,039   1,909,039   1,848,194
Equity 218,138   218,138   230,923
Total liabilities and equity 2,127,177   2,127,177   $ 2,079,117
Rental revenue 35,374 38,629 106,557 119,235  
Other income [3] 2,188 874 20,432 6,492  
Total revenues 37,562 39,503 126,989 125,727  
Operating [3] 23,985 92,348 [4] 80,345 142,039 [4]  
Depreciation and amortization 12,464 16,863 38,232 52,341  
Total expenses 36,449 109,211 118,577 194,380  
Interest and other income 1,855 734 4,351 2,226  
Interest and debt expense (14,782) (19,895) (44,729) (53,256)  
Gain on settlement of interest rate swap 2,498   2,498    
Real estate impairment loss [5]       (455,893)  
(Loss) income before income taxes (9,316) (88,869) (29,468) (575,576)  
Income tax expense (1) (2) (26) (32)  
Net loss attributable to common stockholders $ (9,317) $ (88,871) $ (29,494) $ (575,608)  
[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 91.6% as of September 30, 2024. As of September 30, 2024, the assets and liabilities of the Operating Partnership include $3,847,438 and $2,397,092 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 5 on page 13.
[5] Represents real estate impairment loss related to 60 Wall Street, of which our share was $24,734. See note 3 on page 13.