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SEC Schedule III Real Estate and Accumulated Depreciation
12 Months Ended
Dec. 31, 2017
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III Real Estate and Accumulated Depreciation
COLUMN A
COLUMN B
 
COLUMN C
 
COLUMN D
 
COLUMN E
 
COLUMN F
COLUMN G
COLUMN H
COLUMN I
 
Encumbrances (2)
 
Initial cost to company (1)
 
Costs
capitalized
subsequent
to acquisition
 
Gross amount at which
carried at close of period
 
Accumulated
depreciation
and
amortization
Date of
construction (4)
Date
acquired
Life on which
depreciation
in latest
income
statement
is computed
Land
 
Buildings
and
improvements
Land
 
Buildings
and
improvements
 
Total (3)
New York
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Manhattan
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1290 Avenue of the Americas
$
950,000

 
$
515,539

 
$
923,653

 
$
222,019

 
$
515,539

 
$
1,145,672

 
$
1,661,211

 
$
302,588

1963
2007
(5)
697-703 Fifth Avenue (St. Regis - retail)
450,000

 
152,825

 
584,230

 
212

 
152,825

 
584,442

 
737,267

 
46,409

 
2014
(5)
350 Park Avenue
400,000

 
265,889

 
363,381

 
47,714

 
265,889

 
411,095

 
676,984

 
118,948

1960
2006
(5)
666 Fifth Avenue (Retail Condo)
390,000

 
189,005

 
471,072

 

 
189,005

 
471,072

 
660,077

 
61,050

 
2012
(5)
One Penn Plaza

 

 
412,169

 
236,985

 

 
649,154

 
649,154

 
294,104

1972
1998
(5)
100 West 33rd Street
398,402

 
242,776

 
247,970

 
34,479

 
242,776

 
282,449

 
525,225

 
79,163

1911
2007
(5)
1535 Broadway (Marriott Marquis)

 

 
249,285

 
149,716

 

 
399,001

 
399,001

 
25,326

 
2012
(5)
150 West 34th Street
205,000

 
119,657

 
268,509

 

 
119,657

 
268,509

 
388,166

 
17,341

1900
2015
(5)
1540 Broadway

 
105,914

 
214,208

 
28,825

 
105,914

 
243,033

 
348,947

 
54,741

 
2006
(5)
655 Fifth Avenue
140,000

 
102,594

 
231,903

 

 
102,594

 
231,903

 
334,497

 
24,837

 
2013
(5)
Two Penn Plaza
575,000

 
53,615

 
164,903

 
106,557

 
52,689

 
272,386

 
325,075

 
156,678

1968
1997
(5)
90 Park Avenue

 
8,000

 
175,890

 
176,847

 
8,000

 
352,737

 
360,737

 
117,458

1964
1997
(5)
Manhattan Mall
181,598

 
88,595

 
113,473

 
71,579

 
88,595

 
185,052

 
273,647

 
60,036

2009
2007
(5)
770 Broadway
700,000

 
52,898

 
95,686

 
121,075

 
52,898

 
216,761

 
269,659

 
89,691

1907
1998
(5)
888 Seventh Avenue
375,000

 

 
117,269

 
141,655

 

 
258,924

 
258,924

 
116,203

1980
1998
(5)
Eleven Penn Plaza
450,000

 
40,333

 
85,259

 
105,575

 
40,333

 
190,834

 
231,167

 
69,613

1923
1997
(5)
640 Fifth Avenue

 
38,224

 
25,992

 
156,605

 
38,224

 
182,597

 
220,821

 
52,575

1950
1997
(5)
909 Third Avenue
350,000

 

 
120,723

 
98,723

 

 
219,446

 
219,446

 
92,000

1969
1999
(5)
150 East 58th Street

 
39,303

 
80,216

 
44,769

 
39,303

 
124,985

 
164,288

 
57,827

1969
1998
(5)
595 Madison Avenue

 
62,731

 
62,888

 
35,314

 
62,731

 
98,202

 
160,933

 
37,977

1968
1999
(5)
330 West 34th Street

 

 
8,599

 
142,977

 

 
151,576

 
151,576

 
21,734

1925
1998
(5)
828-850 Madison Avenue
80,000

 
107,937

 
28,261

 
134

 
107,937

 
28,395

 
136,332

 
8,952

 
2005
(5)
33-00 Northern Boulevard
59,721

 
46,505

 
86,226

 
4,689

 
46,505

 
90,915

 
137,420

 
7,338

1915
2015
(5)
715 Lexington Avenue

 

 
26,903

 
63,244

 
63,000

 
27,147

 
90,147

 
8,623

1923
2001
(5)
478-486 Broadway

 
30,000

 
20,063

 
34,835

 
30,000

 
54,898

 
84,898

 
12,393

2009
2007
(5)
4 Union Square South
114,028

 
24,079

 
55,220

 
2,971

 
24,079

 
58,191

 
82,270

 
19,464

1965/2004
1993
(5)
260 Eleventh Avenue

 

 
80,482

 
867

 

 
81,349

 
81,349

 
5,470

1911
2015
(5)
510 Fifth Avenue

 
34,602

 
18,728

 
34,922

 
48,379

 
39,873

 
88,252

 
8,128

 
2010
(5)
606 Broadway
38,458

 

 
54,399

 
23,163

 

 
77,562

 
77,562

 

 
2016
(5)
40 Fulton Street

 
15,732

 
26,388

 
15,493

 
15,732

 
41,881

 
57,613

 
20,130

1987
1998
(5)
689 Fifth Avenue

 
19,721

 
13,446

 
24,555

 
19,721

 
38,001

 
57,722

 
12,231

1925
1998
(5)
443 Broadway

 
11,187

 
41,186

 

 
11,187

 
41,186

 
52,373

 
4,779

 
2013
(5)
40 East 66th Street

 
13,616

 
34,635

 
159

 
13,616

 
34,794

 
48,410

 
10,521

 
2005
(5)
COLUMN A
COLUMN B
 
COLUMN C
 
COLUMN D
 
COLUMN E
 
COLUMN F
COLUMN G
COLUMN H
COLUMN I
 
Encumbrances (2)
 
Initial cost to company (1)
 
Costs
capitalized
subsequent
to acquisition
 
Gross amount at which
carried at close of period
 
Accumulated
depreciation
and
amortization
Date of
construction (4)
Date
acquired
Life on which
depreciation
in latest
income
statement
is computed
Land
 
Buildings
and
improvements
Land
 
Buildings
and
improvements
 
Total (3)
New York - continued
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Manhattan - continued
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
155 Spring Street
$

 
$
13,700

 
$
30,544

 
$
4,545

 
$
13,700

 
$
35,089

 
$
48,789

 
$
9,516

 
2007
(5)
435 Seventh Avenue
96,780

 
19,893

 
19,091

 
37

 
19,893

 
19,128

 
39,021

 
7,418

2002
1997
(5)
3040 M Street

 
7,830

 
27,490

 
3,583

 
7,830

 
31,073

 
38,903

 
9,923

 
2006
(5)
608 Fifth Avenue

 

 

 
38,829

 

 
38,829

 
38,829

 
8,859

1932
2012
(5)
692 Broadway

 
6,053

 
22,908

 
3,690

 
6,053

 
26,598

 
32,651

 
8,422

 
2005
(5)
131-135 West 33rd Street

 
8,315

 
21,312

 
24

 
8,315

 
21,336

 
29,651

 
879

 
2016
(5)
265 West 34th Street

 
28,500

 

 
23

 
28,500

 
23

 
28,523

 

1920
2015
(5)
304 Canal Street

 
3,511

 
12,905

 
11,115

 
3,511

 
24,020

 
27,531

 
160

1910
2014
(5)
677-679 Madison Avenue

 
13,070

 
9,640

 
413

 
13,070

 
10,053

 
23,123

 
2,913

 
2006
(5)
1131 Third Avenue

 
7,844

 
7,844

 
5,708

 
7,844

 
13,552

 
21,396

 
1,503

 
1997
(5)
486 Eighth Avenue

 
20,000

 
71

 
23

 
20,000

 
94

 
20,094

 

1928
2016
(5)
431 Seventh Avenue

 
16,700

 
2,751

 

 
16,700

 
2,751

 
19,451

 
739

 
2007
(5)
138-142 West 32nd Street

 
9,252

 
9,936

 

 
9,252

 
9,936

 
19,188

 
724

1920
2015
(5)
334 Canal Street

 
1,693

 
6,507

 
7,589

 
1,693

 
14,096

 
15,789

 
909

 
2011
(5)
267 West 34th Street

 
5,099

 
10,037

 
2

 
5,099

 
10,039

 
15,138

 
3,994

 
2013
(5)
1540 Broadway Garage

 
4,086

 
8,914

 

 
4,086

 
8,914

 
13,000

 
2,589

1990
2006
(5)
966 Third Avenue

 
8,869

 
3,631

 

 
8,869

 
3,631

 
12,500

 
393

 
2013
(5)
148 Spring Street

 
3,200

 
8,112

 
406

 
3,200

 
8,518

 
11,718

 
2,054

 
2008
(5)
150 Spring Street

 
3,200

 
5,822

 
294

 
3,200

 
6,116

 
9,316

 
1,501

 
2008
(5)
137 West 33rd Street

 
6,398

 
1,550

 

 
6,398

 
1,550

 
7,948

 
107

1932
2015
(5)
488 Eighth Avenue

 
10,650

 
1,767

 
(4,671
)
 
6,859

 
887

 
7,746

 
223

 
2007
(5)
484 Eighth Avenue

 
3,856

 
762

 
485

 
3,856

 
1,247

 
5,103

 
526

 
1997
(5)
825 Seventh Avenue

 
1,483

 
697

 
33

 
1,483

 
730

 
2,213

 
380

 
1997
(5)
339 Greenwich

 
2,622

 
12,333

 

 
2,622

 
12,333

 
14,955

 
245

 
2017
(5)
Other (including signage)

 
80,762

 
14,895

 
114,889

 
80,762

 
129,784

 
210,546

 
33,136

 
 
 
Total Manhattan
5,953,987

 
2,667,863

 
5,742,734

 
2,313,675

 
2,739,923

 
7,984,349

 
10,724,272

 
2,111,441

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Properties
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Hotel Pennsylvania

 
29,903

 
121,712

 
105,665

 
29,903

 
227,377

 
257,280

 
110,796

1919
1997
(5)
Paramus

 

 

 
25,176

 
1,036

 
24,140

 
25,176

 
15,188

1967
1987
(5)
Total Other Properties

 
29,903

 
121,712

 
130,841

 
30,939

 
251,517

 
282,456

 
125,984

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total New York
5,953,987

 
2,697,766

 
5,864,446

 
2,444,516

 
2,770,862

 
8,235,866

 
11,006,728

 
2,237,425

 
 
 
COLUMN A
COLUMN B
 
COLUMN C
 
COLUMN D
 
COLUMN E
 
COLUMN F
COLUMN G
COLUMN H
COLUMN I
 
Encumbrances (2)
 
Initial cost to company (1)
 
Costs
capitalized
subsequent
to acquisition
 
Gross amount at which
carried at close of period
 
Accumulated
depreciation
and
amortization
Date of
construction (4)
Date
acquired
Life on which
depreciation
in latest
income
statement
is computed
Land
 
Buildings
and
improvements
Land
 
Buildings
and
improvements
 
Total (3)
Other
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
theMART
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Illinois
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
theMART, Chicago
$
675,000

 
$
64,528

 
$
319,146

 
$
380,720

 
$
64,535

 
$
699,859

 
$
764,394

 
$
283,135

1930
1998
(5)
527 West Kinzie, Chicago

 
5,166

 

 
32

 
5,166

 
32

 
5,198

 

 
1998
 
Total Illinois 
675,000

 
69,694

 
319,146

 
380,752

 
69,701

 
699,891

 
769,592

 
283,135

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
New York
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
MMPI Piers

 

 

 
15,117

 

 
15,117

 
15,117

 
2,450

 
2008
(5)
Total theMART
675,000

 
69,694

 
319,146

 
395,869

 
69,701

 
715,008

 
784,709

 
285,585

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
555 California Street
569,215

 
221,903

 
893,324

 
152,004

 
209,916

 
1,057,315

 
1,267,231

 
261,218

1922, 1969-1970
2007
(5)
220 Central Park South
950,000

 
115,720

 
16,420

 
1,265,899

 

 
1,398,039

 
1,398,039

 

 
2005
(5)
Borgata Land, Atlantic City, NJ
55,606

 
83,089

 

 

 
83,089

 

 
83,089

 
 
 
2010
(5)
40 East 66th Residential

 
29,199

 
85,798

 
(93,222
)
 
8,454

 
13,321

 
21,775

 
3,662

 
2005
(5)
677-679 Madison

 
1,462

 
1,058

 
284

 
1,626

 
1,178

 
2,804

 
439

 
2006
(5)
Annapolis

 

 
9,652

 

 

 
9,652

 
9,652

 
3,709

 
 
 
Wayne Towne Center

 

 
26,137

 
52,771

 

 
78,908

 
78,908

 
16,448

 
 
 
Other    

 

 

 
4,419

 

 
4,419

 
4,419

 
1,161

 
2005
(5)
Total Other
2,249,821

 
521,067

 
1,351,535

 
1,778,024

 
372,786

 
3,277,840

 
3,650,626

 
572,222

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Leasehold improvements equipment and other

 

 

 
98,941

 

 
98,941

 
98,941

 
75,636

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total December 31, 2017
$
8,203,808

 
$
3,218,833

 
$
7,215,981

 
$
4,321,481

 
$
3,143,648

 
$
11,612,647

 
$
14,756,295

 
$
2,885,283

 
 
 
________________________________________
(1)
Initial cost is cost as of January 30, 1982 (the date on which we commenced real estate operations) unless acquired subsequent to that date see Column H.
(2)
Represents the contractual debt obligations.
(3)
The net basis of Vornado's assets and liabilities for tax reporting purposes is approximately $2.0 billion lower than the amounts reported for financial statement purposes.
(4)
Date of original construction –– many properties have had substantial renovation or additional construction –– see Column D.
(5)
Depreciation of the buildings and improvements are calculated over lives ranging from the life of the lease to forty years.
The following is a reconciliation of real estate assets and accumulated depreciation:
 
Year Ended December 31,
 
2017
 
2016
 
2015
Real Estate
 
 
 
 
 
Balance at beginning of period
$
14,187,820

 
$
13,545,295

 
$
12,438,940

Additions during the period:
 

 
 

 
 

Land
21,298

 
30,805

 
281,048

Buildings & improvements
598,820

 
854,194

 
1,030,043

 
14,807,938

 
14,430,294

 
13,750,031

Less: Assets sold, written-off and deconsolidated
51,643

 
242,474

 
204,736

Balance at end of period
$
14,756,295

 
$
14,187,820

 
$
13,545,295

 
 
 
 
 
 
Accumulated Depreciation
 

 
 

 
 

Balance at beginning of period
$
2,581,514

 
$
2,356,728

 
$
2,209,778

Additions charged to operating expenses
360,391

 
346,755

 
309,306

 
2,941,905

 
2,703,483

 
2,519,084

Less: Accumulated depreciation on assets sold, written-off and deconsolidated
56,622

 
121,969

 
162,356

Balance at end of period
$
2,885,283

 
$
2,581,514

 
$
2,356,728