Schedule III: Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2011

Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III: Real Estate and Accumulated Depreciation [Text Block]

ALEXANDER’S, INC. AND SUBSIDIARIES
SCHEDULE III-REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2011
(Amounts in thousands)


COLUMN A				COLUMN B		COLUMN C				COLUMN D		COLUMN E								COLUMN F		COLUMN G	COLUMN H	COLUMN I
												Gross Amount at Which
						Initial Cost to Company⁽¹⁾						Carried at Close of Period												Depreciation
								Building,		Costs				Building,						Accumulated				in Latest
								Leaseholds		Capitalized				Leaseholds						Depreciation				Income
								and Leasehold		Subsequent				and Leasehold		Construction				and		Date of	Date	Statement
Description				Encumbrances		Land		Improvements		to Acquisition		Land		Improvements		In Progress		Total⁽²⁾		Amortization		Construction	Acquired⁽¹⁾	is Computed
Commercial Property:
	New York, NY
		Rego Park I		$	78,246	$	1,647	$	8,953	$	47,361	$	1,647	$	56,302	$	12	$	57,961	$	22,986	1959	1992	5-39 years
		Rego Park II			274,796		3,127		1,467		376,948		3,127		378,415		-		381,542		21,243	2009	1992	5-40 years
		Rego Park III			-		779		-		1,541		779		450		1,091		2,320		3	N/A	1992	5-15 years
		Flushing			-		-		1,660		(107)		-		1,553		-		1,553		613	1975⁽³⁾	1992	N/A
		Lexington Avenue			659,890		14,432		12,355		424,823		27,498		424,112		-		451,610		91,615	2003	1992	9-39 years
		Kings Plaza Regional
			Shopping Center		250,000		497		9,542		145,262		30,002		124,805		494		155,301		48,413	1970	1992	5-50 years

	Paramus, NJ				68,000		1,441		-		10,313		11,754		-		-		11,754		-	N/A	1992	N/A

	Other Properties				-		167		1,804		(1,804)		167		-		-		167		-	N/A	1992	N/A
TOTAL				$	1,330,932	$	22,090	$	35,781	$	1,004,337	$	74,974	$	985,637	$	1,597	$	1,062,208	$	184,873


		__________________________
(1)		Initial cost is as of May 15, 1992 (the date on which the Company commenced its real estate operations).
(2)		The net basis of the Company’s assets and liabilities for tax purposes is approximately $209,775 lower than the amount reported for financial statement purposes.
(3)		Represents the date the lease was acquired.

ALEXANDER’S, INC. AND SUBSIDIARIES
SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION
(Amounts in thousands)

				December 31,
				2011		2010		2009
	REAL ESTATE:
		Balance at beginning of period		$	1,050,291	$	1,025,234	$	967,975
		Additions (deletions) during the period:
			Land		-		-		-
			Buildings and leasehold improvements		50,869		102,402		238,119
			Development and construction in progress		(38,938)		(76,964)		(177,389)
					1,062,222		1,050,672		1,028,705
			Less: Fully depreciated assets		(14)		(381)		(3,471)
		Balance at end of period		$	1,062,208	$	1,050,291	$	1,025,234

	ACCUMULATED DEPRECIATION:
		Balance at beginning of period		$	157,232	$	132,386	$	114,235
		Additions charged to operating expenses			27,655		25,227		21,622
					184,887		157,613		135,857
			Less: Fully depreciated assets		(14)		(381)		(3,471)
		Balance at end of period		$	184,873	$	157,232	$	132,386

- Definition

The entire disclosure for real estate and accumulated depreciation. This may include a schedule that describes the property and lists the initial cost of land, buildings and improvements, improvements and carrying costs capitalized after acquisition, and the total carrying cost for land, buildings and improvements for each property and in aggregate. The schedule also lists the accumulated depreciation for each property and in aggregate, the date each property was constructed and acquired, the useful life used to calculate depreciation and any encumbrances on the properties. The entity provides a reconciliation of the carrying amount of real estate from the beginning of the period to the end of the period. Any real estate investments that have been written down or reserved against are described, including the basis of the write-down. A material amount of intercompany profit in the total carrying amount of real estate is disclosed. The aggregate cost of all real estate investments for federal income tax purposes is also disclosed.

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