Schedule III: Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2012

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, 2012
(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	$	47,568	$	1,647	$	56,400	$	121	$	58,168	$	24,534	1959	1992	3-39 years
		Rego Park II		272,245		3,127		1,467		380,854		3,127		382,041		280		385,448		31,612	2009	1992	3-40 years
		Rego Park III		-		779		-		2,314		779		503		1,811		3,093		42	N/A	1992	5-15 years
		Flushing		-		-		1,660		(107)		-		1,553		-		1,553		672	1975⁽³⁾	1992	N/A
		Lexington Avenue		647,425		14,432		12,355		424,822		27,497		424,112		-		451,609		103,966	2003	1992	9-39 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			$	1,065,916	$	21,593	$	26,239	$	863,960	$	44,971	$	864,609	$	2,212	$	911,792	$	160,826


		__________________________
(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 $184,806 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,
				2012		2011		2010
	REAL ESTATE:
		Balance at beginning of period		$	906,907	$	897,312	$	879,833
		Additions (deletions) during the period:
			Land		-		-		-
			Buildings and leasehold improvements		3,776		49,027		94,188
			Development and construction in progress		1,109		(39,432)		(76,646)
					911,792		906,907		897,375
			Less: Fully depreciated assets		-		-		(63)
		Balance at end of period		$	911,792	$	906,907	$	897,312

	ACCUMULATED DEPRECIATION:
		Balance at beginning of period		$	136,460	$	112,765	$	91,247
		Additions charged to operating expenses			24,366		23,695		21,581
					160,826		136,460		112,828
			Less: Fully depreciated assets		-		-		(63)
		Balance at end of period		$	160,826	$	136,460	$	112,765

- 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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