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Properties Held for Sale (Tables)
 3 Months Ended
Mar. 31, 2019
Properties Held for Sale [Abstract]  
Summary of Preferred Equity Interests and Effective Ownership Interest The table below summarizes our effective ownership interests in the Properties transferred to Fifth Avenue and Times Square JV and our preferred equity interests following the Transaction and the anticipated closing of the mortgage loan on 640 Fifth Avenue.

(Amounts in thousands)
Vornado's Effective Ownership Interest Percentage
 
Vornado's Preferred Equity Interests
Properties transferred to
   Fifth Avenue and Times Square JV:
 
 
 
640 Fifth Avenue
52.0
%
 
$
—

655 Fifth Avenue
50.0
%
 
140,000

666 Fifth Avenue
52.0
%
 
390,000

689 Fifth Avenue
52.0
%
 
130,000

697-703 Fifth Avenue
44.8
%
 
—

1535 Broadway
52.0
%
 
628,875

1540 Broadway
52.0
%
 
538,875

 
 
 
$
1,827,750
Assets and Liabilities of Properties Held for Sale The following table summarizes the assets and liabilities associated with the Properties classified as held for sale:
(Amounts in thousands)
Balance as of
March 31, 2019
 
Assets held for sale:
 
Real estate, net
$
2,656,509

Right-of-use asset
49,134

Restricted cash
8,828

Receivable arising from the straight-lining of rents
167,612

Deferred leasing costs, net
70,511

Identified intangible assets, net
74,464

 
$
3,027,058

 
 
Liabilities related to assets held for sale:
 
Mortgages payable, net
$
971,618

Lease liability
41,235

Deferred revenue
84,497

 
$
1,097,350