Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Real estate, at cost:
Land	$ 32,271	$ 32,271
Buildings and leasehold improvements	1,046,132	1,034,068
Development and construction in progress	6,794	281
Total	1,085,197	1,066,620
Accumulated depreciation and amortization	(443,627)	(415,903)
Real estate, net	641,570	650,717
Cash and cash equivalents	338,532	531,855
Restricted cash	55,304	21,122
Tenant and other receivables	5,112	6,076
Receivable arising from the straight-lining of rents	111,750	124,866
Deferred lease costs, net, including unamortized leasing fees to Vornado of $22,380 and $19,540, respectively	163,677	24,888
Other assets	25,350	44,156
Assets	1,341,295	1,403,680
LIABILITIES AND EQUITY
Mortgages payable, net of deferred debt issuance costs	988,019	1,092,551
Accounts payable and accrued expenses	38,743	51,750
Lease incentive liabilities	115,118	0
Total liabilities	1,164,436	1,166,023
Commitments and contingencies
Preferred stock: $1.00 par value per share; authorized, 3,000,000 shares; issued and outstanding, none	0	0
Common stock: $1.00 par value per share; authorized, 10,000,000 shares; issued, 5,173,450 shares; outstanding, 5,107,290 shares	5,173	5,173
Additional capital	34,765	34,315
Retained earnings	133,402	182,336
Accumulated other comprehensive income	3,887	16,201
Equity before treasury stock	177,227	238,025
Treasury stock: 66,160 shares, at cost	(368)	(368)
Total equity	176,859	237,657
Total liabilities and equity	1,341,295	1,403,680
Related Party
LIABILITIES AND EQUITY
Amounts due to Vornado	1,159	715
Nonrelated party
LIABILITIES AND EQUITY
Amounts due to Vornado	$ 21,397	$ 21,007