XML 65 R44.htm IDEA: XBRL DOCUMENT v3.22.0.1
SEC Schedule III Rollforward of Real Estate Assets and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2021
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 $268,355 $518,244 $1,195,347 $1,713,591 $440,097 19632007(4)
One Park Avenue525,000 197,057 369,016 1,525 197,057 370,541 567,598 4,538 19262021(4)
350 Park Avenue400,000 265,889 363,381 49,025 265,889 412,406 678,295 157,691 19602006(4)
PENN 1— — 412,169 675,839 — 1,088,008 1,088,008 364,744 19721998(4)
100 West 33rd Street398,402 242,776 247,970 44,038 242,776 292,008 534,784 115,295 19112007(4)
150 West 34th Street205,000 119,657 268,509 — 119,657 268,509 388,166 44,192 19002015(4)
PENN 2575,000 (5)53,615 164,903 261,859 52,689 427,688 480,377 106,149 19681997(4)
90 Park Avenue— 8,000 175,890 198,970 8,000 374,860 382,860 177,978 19641997(4)
Manhattan Mall181,598 88,595 113,473 31,237 88,595 144,710 233,305 52,851 20092007(4)
770 Broadway700,000 52,898 95,686 188,436 52,898 284,122 337,020 127,420 19071998(4)
888 Seventh Avenue299,400 — 117,269 164,940 — 282,209 282,209 153,517 19801998(4)
PENN 11500,000 40,333 85,259 118,666 40,333 203,925 244,258 93,045 19231997(4)
909 Third Avenue350,000 — 120,723 121,136 — 241,859 241,859 122,466 19691999(4)
150 East 58th Street— 39,303 80,216 57,661 39,303 137,877 177,180 71,938 19691998(4)
595 Madison Avenue— 62,731 62,888 68,956 62,731 131,844 194,575 53,220 19681999(4)
330 West 34th Street— — 8,599 154,213 — 162,812 162,812 49,803 19251998(4)
715 Lexington Avenue— — 26,903 20,217 30,085 17,035 47,120 965 19232001(4)
484-486 Broadway— 10,000 6,688 7,358 10,000 14,046 24,046 4,235 20092007(4)
4 Union Square South120,000 24,079 55,220 11,398 24,079 66,618 90,697 25,826 1965/20041993(4)
Farley Office and Retail— — 476,235 911,408 — 1,387,643 1,387,643 4,189 19122018(4)
260 Eleventh Avenue— — 80,482 5,530 — 86,012 86,012 14,146 19112015(4)
510 Fifth Avenue— 34,602 18,728 36,745 48,403 41,672 90,075 12,270 2010(4)
606 Broadway74,119 45,406 8,993 51,709 45,298 60,810 106,108 4,213 2016(4)
40 Fulton Street— 15,732 26,388 41,597 15,732 67,985 83,717 25,521 19871998(4)
443 Broadway— 11,187 41,186 (36,197)3,457 12,719 16,176 391 2013(4)
435 Seventh Avenue95,696 19,893 19,091 2,166 19,893 21,257 41,150 10,732 20021997(4)
692 Broadway— 6,053 22,908 3,901 6,053 26,809 32,862 11,503 2005(4)
131-135 West 33rd Street— 8,315 21,312 477 8,315 21,789 30,104 3,161 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 $169 19102014(4)
1131 Third Avenue— 7,844 7,844 5,683 7,844 13,527 21,371 3,093 1997(4)
431 Seventh Avenue— 16,700 2,751 — 16,700 2,751 19,451 1,014 2007(4)
138-142 West 32nd Street— 9,252 9,936 2,002 9,252 11,938 21,190 1,844 19202015(4)
334 Canal Street— 1,693 6,507 (1,170)752 6,278 7,030 205 2011(4)
966 Third Avenue— 8,869 3,631 — 8,869 3,631 12,500 756 2013(4)
148 Spring Street— 3,200 8,112 398 3,200 8,510 11,710 2,941 2008(4)
150 Spring Street— 3,200 5,822 312 3,200 6,134 9,334 2,109 2008(4)
137 West 33rd Street— 6,398 1,550 — 6,398 1,550 7,948 262 19322015(4)
825 Seventh Avenue— 1,483 697 3,940 1,483 4,637 6,120 829 1997(4)
537 West 26th Street— 10,370 17,632 19,925 26,631 21,296 47,927 2,062 2018(4)
339 Greenwich Street— 2,622 12,333 (10,019)865 4,071 4,936 123 2017(4)
PENN 15 (Hotel Pennsylvania site)— 29,903 121,712 266,365 29,903 388,077 417,980 145,938 19191997(4)
Other (Including Signage)— 140,477 31,892 3,477 94,788 81,058 175,846 23,571 
Total Manhattan5,374,215 2,109,887 4,660,401 3,743,622 2,111,143 8,402,767 10,513,910 2,437,012 
Other Properties
33-00 Northern Boulevard, Queens,
    New York		100,000 46,505 86,226 14,493 46,505 100,719 147,224 17,829 19152015(4)
Paramus, New Jersey— — — 23,348 1,036 22,312 23,348 19,393 19671987(4)
Total Other Properties100,000 46,505 86,226 37,841 47,541 123,031 170,572 37,222 
Total New York5,474,215 2,156,392 4,746,627 3,781,463 2,158,684 8,525,798 10,684,482 2,474,234 
COLUMN ACOLUMN BCOLUMN CCOLUMN DCOLUMN ECOLUMN FCOLUMN GCOLUMN HCOLUMN I
Encumbrances (1)Initial cost to company Costs
capitalized
subsequent
to acquisition		Gross amount at which
carried at close of period		Accumulated
depreciation
and
amortization		Date of
construction (3)		Date
acquired		Life on which
depreciation
in latest
income
statement
is computed
LandBuildings
and
improvements		LandBuildings
and
improvements		Total (2)
Other
theMART
theMART, Illinois$— $64,528 $319,146 $413,854 $64,535 $732,993 $797,528 $369,439 19301998(4)
527 West Kinzie, Illinois— 5,166 — 197 5,166 197 5,363 — 1998
Piers 92 and 94, New York— — — 19,144 — 19,144 19,144 3,905 2008(4)
Total theMART— 69,694 319,146 433,195 69,701 752,334 822,035 373,344 
555 California Street, California1,200,000 223,446 895,379 256,718 223,446 1,152,097 1,375,543 395,120 1922,1969 -19702007(4)
220 Central Park South, New York— 115,720 16,445 (106,014)— 26,151 26,151 — 2005(4)
Borgata Land, Atlantic City, NJ— 83,089 — — 83,089 — 83,089 — 2010
759-771 Madison Avenue (40 East
66th) Residential, New York		— 8,454 13,321 (8,193)5,273 8,309 13,582 3,101 2005(4)
Annapolis, Maryland— — 9,652 — — 9,652 9,652 4,713 2005(4)
Wayne Towne Center, New Jersey— — 26,137 47,347 — 73,484 73,484 34,112 2010(4)
Other— — — 10,035 — 10,035 10,035 1,942 (4)
Total Other1,200,000 500,403 1,280,080 633,088 381,509 2,032,062 2,413,571 812,332  
Leasehold improvements equipment and other
— — — 119,792 — 119,792 119,792 89,781 
Total December 31, 2021$6,674,215 $2,656,795 $6,026,707 $4,534,343 $2,540,193 $10,677,652 $13,217,845 $3,376,347 
________________________________________
(1)Represents contractual debt obligations.
(2)The net basis of Vornado's assets and liabilities for tax reporting purposes is approximately $2.6 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,
 202120202019
Real Estate   
Balance at beginning of period$12,087,943 $13,074,012 $16,237,883 
Additions during the period:
Land197,057 1,372 46,074 
Buildings & improvements and other1,286,474 1,127,593 1,391,784 
 13,571,474 14,202,977 17,675,741 
Less: Assets sold, written-off, reclassified to ready for sale and deconsolidated353,629 2,115,034 4,601,729 
Balance at end of period$13,217,845 $12,087,943 $13,074,012 
Accumulated Depreciation
Balance at beginning of period$3,169,446 $3,015,958 $3,180,175 
Additions charged to operating expenses362,311 344,301 360,194 
 3,531,757 3,360,259 3,540,369 
Less: Accumulated depreciation on assets sold, written-off and deconsolidated
155,410 190,813 524,411 
Balance at end of period$3,376,347 $3,169,446 $3,015,958