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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Real Estate Investment Property, at Cost [Abstract]    
Land $ 32,271 $ 32,271
Buildings and leasehold improvements 1,065,198 1,046,132
Development and construction in progress 4,869 6,794
Total 1,102,338 1,085,197
Accumulated depreciation and amortization (466,619) (443,627)
Real estate, net 635,719 641,570
Cash and cash equivalents 286,142 338,532
Restricted cash 66,116 55,304
Tenant and other receivables 4,341 5,112
Receivable arising from the straight-lining of rents 109,645 111,750
Deferred leasing costs, net, including unamortized leasing fees to Vornado of $21,077 and $22,380, respectively 155,381 163,677
Other assets 38,896 25,350
Total assets 1,296,240 1,341,295
LIABILITIES AND EQUITY    
Mortgages payable, net of deferred debt issuance costs 987,100 988,019
Accounts payable and accrued expenses 44,992 38,743
Lease incentive liabilities 113,618 115,118
Total liabilities 1,167,914 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 35,159 34,765
Retained earnings 88,488 133,402
Accumulated other comprehensive (loss) income (126) 3,887
Equity before treasury stock 128,694 177,227
Treasury stock: 66,160 shares, at cost (368) (368)
Total equity 128,326 176,859
Total liabilities and equity 1,296,240 1,341,295
Related Party    
LIABILITIES AND EQUITY    
Other liabilities 499 1,159
Nonrelated Party    
LIABILITIES AND EQUITY    
Other liabilities $ 21,705 $ 21,397