SEC Schedule III Rollforward of Real Estate Assets and Accumulated Depreciation

12 Months Ended

Dec. 31, 2019

SEC Schedule, 12-28, Real Estate Companies, Investment in 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 (1)			Initial cost to company				Costs capitalized subsequent to acquisition		Gross amount at which carried at close of period						Accumulated depreciation and amortization		Date of construction (3)	Date acquired	Life on which depreciation in latest income statement is computed
				Land		Buildings and improvements				Land		Buildings and improvements		Total (2)
New York
Manhattan
1290 Avenue of the Americas	$	950,000		$	518,244	$	926,992	$	245,488	$	518,244	$	1,172,480	$	1,690,724	$	371,498	1963	2007	(4)
350 Park Avenue	400,000			265,889		363,381		50,983		265,889		414,364		680,253		142,819		1960	2006	(4)
PENN1	—			—		412,169		355,815		—		767,984		767,984		313,467		1972	1998	(4)
100 West 33rd Street	398,402			242,776		247,970		36,785		242,776		284,755		527,531		96,665		1911	2007	(4)
150 West 34th Street	205,000			119,657		268,509		—		119,657		268,509		388,166		30,767		1900	2015	(4)
PENN2	575,000		(5)	53,615		164,903		139,650		52,689		305,479		358,168		156,464		1968	1997	(4)
90 Park Avenue	—			8,000		175,890		195,597		8,000		371,487		379,487		144,841		1964	1997	(4)
Manhattan Mall	181,598			88,595		113,473		66,604		88,595		180,077		268,672		64,806		2009	2007	(4)
770 Broadway	700,000			52,898		95,686		146,545		52,898		242,231		295,129		100,740		1907	1998	(4)
888 Seventh Avenue	375,000			—		117,269		154,252		—		271,521		271,521		132,586		1980	1998	(4)
PENN11	450,000			40,333		85,259		110,048		40,333		195,307		235,640		85,014		1923	1997	(4)
909 Third Avenue	350,000			—		120,723		122,351		—		243,074		243,074		105,540		1969	1999	(4)
150 East 58th Street	—			39,303		80,216		52,036		39,303		132,252		171,555		64,382		1969	1998	(4)
595 Madison Avenue	—			62,731		62,888		44,762		62,731		107,650		170,381		45,576		1968	1999	(4)
330 West 34th Street	—			—		8,599		154,874		—		163,473		163,473		37,686		1925	1998	(4)
828-850 Madison Avenue	—			107,937		28,261		6,225		107,937		34,486		142,423		10,365			2005	(4)
715 Lexington Avenue	—			—		26,903		65,078		63,000		28,981		91,981		10,048		1923	2001	(4)
478-486 Broadway	—			30,000		20,063		36,562		30,000		56,625		86,625		15,186		2009	2007	(4)
4 Union Square South	120,000			24,079		55,220		3,509		24,079		58,729		82,808		22,579		1965/2004	1993	(4)
Farley Office and Retail Building	—			—		476,235		321,046		—		797,281		797,281		—		1912	2018	(4)
Moynihan Train Hall	—			—		346,926		568,034		—		914,960		914,960		—		1912	2018	(4)
260 Eleventh Avenue	—			—		80,482		4,378		—		84,860		84,860		9,998		1911	2015	(4)
510 Fifth Avenue	—			34,602		18,728		32,300		48,403		37,227		85,630		8,754			2010	(4)
606 Broadway	67,804			45,406		8,993		46,535		45,298		55,636		100,934		564			2016	(4)
40 Fulton Street	—			15,732		26,388		35,050		15,732		61,438		77,170		19,976		1987	1998	(4)
443 Broadway	—			11,187		41,186		—		11,187		41,186		52,373		6,864			2013	(4)
40 East 66th Street	—			13,616		34,635		159		13,616		34,794		48,410		12,220			2005	(4)
155 Spring Street	—			13,700		30,544		6,976		13,700		37,520		51,220		11,127			2007	(4)
435 Seventh Avenue	95,696			19,893		19,091		2,073		19,893		21,164		41,057		8,571		2002	1997	(4)
608 Fifth Avenue (6)	—			—		—		—		—		—		—		—		1932	2012	(4)
692 Broadway	—			6,053		22,908		3,739		6,053		26,647		32,700		9,965			2005	(4)
131-135 West 33rd Street	—			8,315		21,312		316		8,315		21,628		29,943		1,971			2016	(4)

COLUMN A	COLUMN B		COLUMN C				COLUMN D			COLUMN E						COLUMN F		COLUMN G	COLUMN H	COLUMN I
	Encumbrances (1)		Initial cost to company				Costs capitalized subsequent to acquisition			Gross amount at which carried at close of period						Accumulated depreciation and amortization		Date of construction (3)	Date acquired	Life on which depreciation in latest income statement is computed
			Land		Buildings and improvements					Land		Buildings and improvements		Total (2)
New York - continued
Manhattan - continued
265 West 34th Street	$	—	$	28,500	$	—	$	295		$	28,500	$	295	$	28,795	$	—	1920	2015	(4)
304 Canal Street	—		3,511		12,905		(684		)	3,511		12,221		15,732		986		1910	2014	(4)
677-679 Madison Avenue	—		13,070		9,640		556			13,070		10,196		23,266		3,425			2006	(4)
1131 Third Avenue	—		7,844		7,844		5,708			7,844		13,552		21,396		2,299			1997	(4)
486 Eighth Avenue	—		20,000		71		244			20,000		315		20,315		—		1928	2016	(4)
431 Seventh Avenue	—		16,700		2,751		—			16,700		2,751		19,451		877			2007	(4)
138-142 West 32nd Street	—		9,252		9,936		968			9,252		10,904		20,156		1,223		1920	2015	(4)
334 Canal Street	—		1,693		6,507		7,609			1,693		14,116		15,809		1,682			2011	(4)
267 West 34th Street	—		5,099		10,037		(9,760		)	5,099		277		5,376		—			2013	(4)
966 Third Avenue	—		8,869		3,631		—			8,869		3,631		12,500		575			2013	(4)
148 Spring Street	—		3,200		8,112		398			3,200		8,510		11,710		2,491			2008	(4)
150 Spring Street	—		3,200		5,822		274			3,200		6,096		9,296		1,776			2008	(4)
137 West 33rd Street	—		6,398		1,550		—			6,398		1,550		7,948		184		1932	2015	(4)
488 Eighth Avenue	—		10,650		1,767		(4,643		)	6,859		915		7,774		267			2007	(4)
484 Eighth Avenue	—		3,856		762		773			3,856		1,535		5,391		—			1997	(4)
825 Seventh Avenue	—		1,483		697		2,697			1,483		3,394		4,877		419			1997	(4)
537 West 26th Street	—		10,370		17,632		16,301			26,631		17,672		44,303		866			2018	(4)
339 Greenwich	—		2,622		12,333		—			2,622		12,333		14,955		898			2017	(4)
Other (Including Signage)	—		72,372		19,135		88,457			72,372		107,592		179,964		18,952
Total Manhattan	4,868,500		2,051,250		4,632,934		3,116,963			2,139,487		7,661,660		9,801,147		2,077,959
Other Properties
Hotel Pennsylvania, New York	—		29,903		121,712		125,590			29,903		247,302		277,205		129,258		1919	1997	(4)
33-00 Northern Boulevard, Queens,     New York	100,000		46,505		86,226		9,808			46,505		96,034		142,539		12,491		1915	2015	(4)
Paramus, New Jersey	—		—		—		23,392			1,036		22,356		23,392		16,964		1967	1987	(4)
Total Other Properties	100,000		76,408		207,938		158,790			77,444		365,692		443,136		158,713
Total New York	4,968,500		2,127,658		4,840,872		3,275,753			2,216,931		8,027,352		10,244,283		2,236,672

COLUMN A	COLUMN B		COLUMN C				COLUMN D		COLUMN E						COLUMN F		COLUMN G	COLUMN H	COLUMN I
	Encumbrances (1)		Initial cost to company				Costs capitalized subsequent to acquisition		Gross amount at which carried at close of period						Accumulated depreciation and amortization		Date of construction (3)	Date acquired	Life on which depreciation in latest income statement is computed
			Land		Buildings and improvements				Land		Buildings and improvements		Total (2)
Other
theMART
theMART, Illinois	$	675,000	$	64,528	$	319,146	$	414,558	$	64,535	$	733,697	$	798,232	$	329,198	1930	1998	(4)
527 West Kinzie, Illinois	—		5,166		—		67		5,166		67		5,233		—			1998	(4)
Piers 92 and 94, New York	—		—		—		16,961		—		16,961		16,961		3,335			2008	(4)
Total theMART	675,000		69,694		319,146		431,586		69,701		750,725		820,426		332,533
555 California Street, California	548,075		223,446		895,379		227,455		211,459		1,134,821		1,346,280		326,893		1922,1969 -1970	2007	(4)
220 Central Park South, New York	—		115,720		16,445		200,598		—		332,763		332,763		—			2005	(4)
Borgata Land, Atlantic City, NJ	53,441		83,089		—		—		83,089		—		83,089		—			2010
40 East 66th Residential, New York	—		8,454		13,321		—		8,454		13,321		21,775		4,231			2005	(4)
677-679 Madison Avenue, New York	—		1,462		1,058		285		1,627		1,178		2,805		510			2006	(4)
Annapolis, Maryland	—		—		9,652		—		—		9,652		9,652		4,211			2005	(4)
Wayne Towne Center, New Jersey	—		—		26,137		57,453		—		83,590		83,590		25,103			2010	(4)
Other	—		—		—		5,335		—		5,335		5,335		1,536				(4)
Total Other	1,276,516		501,865		1,281,138		922,712		374,330		2,331,385		2,705,715		695,017
Leasehold improvements equipment and other	—		—		—		124,014		—		124,014		124,014		84,269
December 31, 2019	$	6,245,016	$	2,629,523	$	6,122,010	$	4,322,479	$	2,591,261	$	10,482,751	$	13,074,012	$	3,015,958

________________________________________

(1) Represents contractual debt obligations.

(2) The net basis of Vornado's assets and liabilities for tax reporting purposes is approximately $4.0 billion lower than the amounts reported for financial statement purposes.

(3) Date of original construction –– many properties have had substantial renovation or additional construction –– see Column D.

(4) Depreciation of the buildings and improvements are calculated over lives ranging from the life of the lease to forty years.

(5) Secured amount outstanding on revolving credit facilities.

(6)

In August 2019, we delivered notice to the ground lessor that we will surrender the property in May 2020.

The following is a reconciliation of real estate assets and accumulated depreciation:

	Year Ended December 31,
	2019		2018		2017
Real Estate
Balance at beginning of period	$	16,237,883	$	14,756,295	$	14,187,820
Additions during the period:
Land	46,074		170,065		21,298
Buildings & improvements and other	1,391,784		1,665,684		598,820
	17,675,741		16,592,044		14,807,938
Less: Assets sold, written-off, reclassified to ready for sale and deconsolidated	4,601,729		354,161		51,643
Balance at end of period	$	13,074,012	$	16,237,883	$	14,756,295
Accumulated Depreciation
Balance at beginning of period	$	3,180,175	$	2,885,283	$	2,581,514
Additions charged to operating expenses	360,194		381,500		360,391
	3,540,369		3,266,783		2,941,905
Less: Accumulated depreciation on assets sold, written-off and deconsolidated	524,411		86,608		56,622
Balance at end of period	$	3,015,958	$	3,180,175	$	2,885,283