Mortgages Payable (Tables)

12 Months Ended

Dec. 31, 2012

Mortgages Payable [Abstract]

Summary of Notes and Mortgages Payable [Table Text Block]

			Interest Rate at		Balance at December 31,
(Amounts in thousands)		Maturity	December 31, 2012		2012		2011
First mortgages secured by:
	Rego Park I shopping center (100% cash
	collateralized)	Mar. 2013	0.50	%	$	78,246	$	78,246
	731 Lexington Avenue, office space	Feb. 2014	5.33	%		327,425		339,890
	731 Lexington Avenue, retail space(1)	Jul. 2015	4.93	%		320,000		320,000
	Paramus	Oct. 2018	2.90	%		68,000		68,000
	Rego Park II shopping center(2)	Nov. 2018	2.06	%		272,245		274,796
					$	1,065,916	$	1,080,932
___________________
(1)	In the event of a substantial casualty, as defined, up to $75,000 of this loan may become recourse to us.
(2)	This loan bears interest at LIBOR plus 1.85%.

Schedule of Maturities of Long-term Debt [Table Text Block]

(Amounts in thousands)
Year Ending December 31,	Amount
2013	$	94,203
2014		317,179
2015		323,193
2016		3,440
2017		3,707
Thereafter		324,194