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SEC Schedule III Rollforward of Real Estate Assets and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2020
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III Real Estate and Accumulated Depreciation
COLUMN ACOLUMN BCOLUMN CCOLUMN DCOLUMN ECOLUMN FCOLUMN GCOLUMN HCOLUMN 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
LandBuildings
and
improvements		LandBuildings
and
improvements		Total (2)
New York
Manhattan
1290 Avenue of the Americas$950,000 $518,244 $926,992 $256,937 $518,244 $1,183,929 $1,702,173 $406,087 19632007(4)
350 Park Avenue400,000 265,889 363,381 49,637 265,889 413,018 678,907 153,866 19602006(4)
PENN1— — 412,169 490,803 — 902,972 902,972 336,852 19721998(4)
100 West 33rd Street398,402 242,776 247,970 42,188 242,776 290,158 532,934 105,705 19112007(4)
150 West 34th Street205,000 119,657 268,509 — 119,657 268,509 388,166 37,479 19002015(4)
PENN2575,000 (5)53,615 164,903 182,136 52,689 347,965 400,654 132,321 19681997(4)
90 Park Avenue— 8,000 175,890 199,918 8,000 375,808 383,808 161,439 19641997(4)
Manhattan Mall181,598 88,595 113,473 30,283 88,595 143,756 232,351 48,996 20092007(4)
770 Broadway700,000 52,898 95,686 186,666 52,898 282,352 335,250 112,718 19071998(4)
888 Seventh Avenue321,000 — 117,269 161,640 — 278,909 278,909 142,057 19801998(4)
PENN11500,000 40,333 85,259 111,535 40,333 196,794 237,127 83,611 19231997(4)
909 Third Avenue350,000 — 120,723 122,005 — 242,728 242,728 114,831 19691999(4)
150 East 58th Street— 39,303 80,216 54,863 39,303 135,079 174,382 68,764 19691998(4)
595 Madison Avenue— 62,731 62,888 50,717 62,731 113,605 176,336 49,081 19681999(4)
330 West 34th Street— — 8,599 147,945 — 156,544 156,544 40,849 19251998(4)
828-850 Madison Avenue— 107,937 28,261 (89,293)35,403 11,502 46,905 — 2005(4)
715 Lexington Avenue— — 26,903 19,986 30,085 16,804 46,889 — 19232001(4)
478-486 Broadway— 30,000 20,063 11,831 21,489 40,405 61,894 3,817 20092007(4)
4 Union Square South120,000 24,079 55,220 9,685 24,079 64,905 88,984 24,170 1965/20041993(4)
Farley Office and Retail— — 476,235 565,014 — 1,041,249 1,041,249 — 19122018(4)
260 Eleventh Avenue— — 80,482 5,352 — 85,834 85,834 12,133 19112015(4)
510 Fifth Avenue— 34,602 18,728 35,402 48,403 40,329 88,732 10,992 2010(4)
606 Broadway74,119 45,406 8,993 51,624 45,298 60,725 106,023 2,441 2016(4)
40 Fulton Street— 15,732 26,388 38,625 15,732 65,013 80,745 22,147 19871998(4)
443 Broadway— 11,187 41,186 (36,225)3,457 12,691 16,148 — 2013(4)
40 East 66th Street— 13,616 34,635 159 13,616 34,794 48,410 13,113 2005(4)
155 Spring Street— 13,700 30,544 6,769 13,700 37,313 51,013 12,456 2007(4)
435 Seventh Avenue95,696 19,893 19,091 2,166 19,893 21,257 41,150 9,681 20021997(4)
692 Broadway— 6,053 22,908 3,901 6,053 26,809 32,862 10,734 2005(4)
131-135 West 33rd Street— 8,315 21,312 316 8,315 21,628 29,943 2,566 2016(4)
COLUMN ACOLUMN BCOLUMN CCOLUMN DCOLUMN ECOLUMN FCOLUMN GCOLUMN HCOLUMN 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
LandBuildings
and
improvements		LandBuildings
and
improvements		Total (2)
New York - continued
Manhattan - continued
304 Canal Street— $3,511 $12,905 $(8,456)$1,771 $6,189 $7,960 $— 19102014(4)
677-679 Madison Avenue— 13,070 9,640 585 13,070 10,225 23,295 3,691 2006(4)
1131 Third Avenue— 7,844 7,844 5,708 7,844 13,552 21,396 2,696 1997(4)
431 Seventh Avenue— 16,700 2,751 — 16,700 2,751 19,451 946 2007(4)
138-142 West 32nd Street— 9,252 9,936 1,720 9,252 11,656 20,908 1,504 19202015(4)
334 Canal Street— 1,693 6,507 (1,170)752 6,278 7,030 — 2011(4)
966 Third Avenue— 8,869 3,631 — 8,869 3,631 12,500 666 2013(4)
148 Spring Street— 3,200 8,112 398 3,200 8,510 11,710 2,718 2008(4)
150 Spring Street— 3,200 5,822 309 3,200 6,131 9,331 1,945 2008(4)
137 West 33rd Street— 6,398 1,550 — 6,398 1,550 7,948 223 19322015(4)
825 Seventh Avenue— 1,483 697 3,341 1,483 4,038 5,521 575 1997(4)
537 West 26th Street— 10,370 17,632 16,730 26,631 18,101 44,732 1,319 2018(4)
339 Greenwich— 2,622 12,333 (10,019)865 4,071 4,936 — 2017(4)
Other (Including Signage)— 140,477 31,892 36,832 94,788 114,413 209,201 19,942 
Total Manhattan4,870,815 2,051,250 4,286,128 2,758,563 1,971,461 7,124,480 9,095,941 2,155,131 
   Other Properties
Hotel Pennsylvania, New York— 29,903 121,712 134,245 29,903 255,957 285,860 142,143 19191997(4)
33-00 Northern Boulevard, Queens,
New York		100,000 46,505 86,226 13,538 46,505 99,764 146,269 15,710 19152015(4)
Paramus, New Jersey— — — 23,311 1,036 22,275 23,311 18,313 19671987(4)
Total Other Properties100,000 76,408 207,938 171,094 77,444 377,996 455,440 176,166 
Total New York4,970,815 2,127,658 4,494,066 2,929,657 2,048,905 7,502,476 9,551,381 2,331,297 
COLUMN ACOLUMN BCOLUMN CCOLUMN DCOLUMN ECOLUMN FCOLUMN GCOLUMN HCOLUMN 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
LandBuildings
and
improvements		LandBuildings
and
improvements		Total (2)
Other
theMART
theMART, Illinois$675,000 $64,528 $319,146 $414,122 $64,535 $733,261 $797,796 $348,404 19301998(4)
527 West Kinzie, Illinois— 5,166 — 132 5,166 132 5,298 — 1998(4)
Piers 92 and 94, New York— — — 17,773 — 17,773 17,773 3,847 2008(4)
Total theMART675,000 69,694 319,146 432,027 69,701 751,166 820,867 352,251 
555 California Street, California537,643 223,446 895,379 241,667 211,459 1,149,033 1,360,492 360,277 1922,1969 -19702007(4)
220 Central Park South, New York— 115,720 16,445 (104,428)— 27,737 27,737 — 2005(4)
Borgata Land, Atlantic City, NJ— 83,089 — — 83,089 — 83,089 — 2010
40 East 66th Residential, New York— 8,454 13,321 (8,193)5,273 8,309 13,582 2,882 2005(4)
677-679 Madison Avenue, New York— 1,462 1,058 285 1,627 1,178 2,805 535 2006(4)
Annapolis, Maryland— — 9,652 — — 9,652 9,652 4,462 2005(4)
Wayne Towne Center, New Jersey— — 26,137 56,373 — 82,510 82,510 29,431 2010(4)
Other — — — 5,606 — 5,606 5,606 1,725 (4)
Total Other1,212,643 501,865 1,281,138 623,337 371,149 2,035,191 2,406,340 751,563 
Leasehold improvements equipment and other
— — — 130,222 — 130,222 130,222 86,586 
Total December 31, 2020$6,183,458 $2,629,523 $5,775,204 $3,683,216 $2,420,054 $9,667,889 $12,087,943 $3,169,446 
________________________________________
(1)Represents contractual debt obligations.
(2)The net basis of Vornado's assets and liabilities for tax reporting purposes is approximately $3.1 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.
The following is a reconciliation of real estate assets and accumulated depreciation:
 Year Ended December 31,
 202020192018
Real Estate   
Balance at beginning of period$13,074,012 $16,237,883 $14,756,295 
Additions during the period:
Land1,372 46,074 170,065 
Buildings & improvements and other1,127,593 1,391,784 1,665,684 
 14,202,977 17,675,741 16,592,044 
Less: Assets sold, written-off, reclassified to ready for sale and deconsolidated2,115,034 4,601,729 354,161 
Balance at end of period$12,087,943 $13,074,012 $16,237,883 
Accumulated Depreciation
Balance at beginning of period$3,015,958 $3,180,175 $2,885,283 
Additions charged to operating expenses344,301 360,194 381,500 
 3,360,259 3,540,369 3,266,783 
Less: Accumulated depreciation on assets sold, written-off and deconsolidated
190,813 524,411 86,608 
Balance at end of period$3,169,446 $3,015,958 $3,180,175