Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Real estate, at cost:
Land	$ 32,271	$ 32,271
Buildings and leasehold improvements	1,046,322	1,046,132
Development and construction in progress	13,810	6,794
Total	1,092,403	1,085,197
Accumulated depreciation and amortization	(451,130)	(443,627)
Real estate, net	641,273	641,570
Cash and cash equivalents	319,897	338,532
Restricted cash	57,748	55,304
Tenant and other receivables	5,361	5,112
Receivable arising from the straight-lining of rents	110,730	111,750
Deferred leasing costs, net, including unamortized leasing fees to Vornado of $21,793 and $22,380, respectively	160,777	163,677
Other assets	37,117	25,350
Assets	1,332,903	1,341,295
LIABILITIES AND EQUITY
Mortgages payable, net of deferred debt issuance costs	988,021	988,019
Accounts payable and accrued expenses	44,113	38,743
Lease incentive liabilities	115,118	115,118
Total liabilities	1,169,814	1,164,436
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	34,765
Retained earnings	122,613	133,402
Accumulated other comprehensive income	906	3,887
Equity before treasury stock	163,457	177,227
Treasury stock: 66,160 shares, at cost	(368)	(368)
Total equity	163,089	176,859
Total liabilities and equity	1,332,903	1,341,295
Related Party
LIABILITIES AND EQUITY
Amounts due to Vornado	1,063	1,159
Nonrelated Party
LIABILITIES AND EQUITY
Amounts due to Vornado	$ 21,499	$ 21,397