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SEC Schedule III Rollforward of Real Estate Assets and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2022
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 $269,875 $518,244 $1,196,867 $1,715,111 $478,343 19632007(4)
One Park Avenue525,000 197,057 369,016 2,936 197,057 371,952 569,009 14,868 19262021(4)
350 Park Avenue400,000 265,889 363,381 64,619 265,889 428,000 693,889 170,634 19602006(4)
PENN 1— — 412,169 791,704 — 1,203,873 1,203,873 402,282 19721998(4)
100 West 33rd Street 480,000 331,371 361,443 78,034 331,371 439,477 770,848 178,228 1911/20092007(4)
150 West 34th Street205,000 
(5)
119,657 268,509 — 119,657 268,509 388,166 50,905 19002015(4)
PENN 2575,000 
(6)
53,615 164,903 544,767 52,689 710,596 763,285 108,685 19681997(4)
90 Park Avenue— 8,000 175,890 199,485 8,000 375,375 383,375 192,616 19641997(4)
770 Broadway700,000 52,898 95,686 192,597 52,898 288,283 341,181 142,018 19071998(4)
888 Seventh Avenue277,800 — 117,269 170,408 — 287,677 287,677 155,181 19801998(4)
PENN 11500,000 40,333 85,259 135,639 40,333 220,898 261,231 102,565 19231997(4)
909 Third Avenue350,000 — 120,723 122,641 — 243,364 243,364 132,201 19691999(4)
150 East 58th Street— 39,303 80,216 62,924 39,303 143,140 182,443 75,535 19691998(4)
595 Madison Avenue— 62,731 62,888 79,646 62,731 142,534 205,265 58,669 19681999(4)
330 West 34th Street— — 8,599 164,628 — 173,227 173,227 59,405 19251998(4)
715 Lexington Avenue— — 26,903 20,218 30,086 17,035 47,121 1,925 19232001(4)
4 Union Square South120,000 24,079 55,220 12,513 24,079 67,733 91,812 28,102 1965/20041993(4)
The Farley Building — — 476,235 949,500 — 1,425,735 1,425,735 54,042 19122018(4)
260 Eleventh Avenue— — 80,482 6,937 — 87,419 87,419 16,227 19112015(4)
510 Fifth Avenue— 34,602 18,728 8,441 35,864 25,907 61,771 — 2010(4)
606 Broadway74,119 45,406 8,993 51,715 45,298 60,816 106,114 6,048 2016(4)
443 Broadway— 11,187 41,186 (41,283)2,370 8,720 11,090 — 2013(4)
435 Seventh Avenue95,696 19,893 19,091 2,166 19,893 21,257 41,150 11,803 20021997(4)
692 Broadway— 6,053 22,908 (9,677)3,552 15,732 19,284 — 2005(4)
131-135 West 33rd Street— 8,315 21,312 477 8,315 21,789 30,104 3,841 2016(4)
304 Canal Street— 3,511 12,905 (8,272)1,771 6,373 8,144 337 19102014(4)
COLUMN ACOLUMN BCOLUMN CCOLUMN DCOLUMN ECOLUMN FCOLUMN GCOLUMN HCOLUMN I
Encumbrances(1)
Initial cost to companyCosts
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
1131 Third Avenue$— $7,844 $7,844 $5,683 $7,844 $13,527 $21,371 $3,489 1997(4)
431 Seventh Avenue— 16,700 2,751 — 16,700 2,751 19,451 1,083 2007(4)
138-142 West 32nd Street— 9,252 9,936 2,032 9,252 11,968 21,220 2,181 19202015(4)
334 Canal Street— 1,693 6,507 (1,169)753 6,278 7,031 409 2011(4)
966 Third Avenue— 8,869 3,631 — 8,869 3,631 12,500 847 2013(4)
148 Spring Street— 3,200 8,112 408 3,200 8,520 11,720 3,163 2008(4)
150 Spring Street— 3,200 5,822 327 3,200 6,149 9,349 2,273 2008(4)
137 West 33rd Street— 6,398 1,550 — 6,398 1,550 7,948 300 19322015(4)
825 Seventh Avenue— 1,483 697 3,982 1,483 4,679 6,162 1,064 1997(4)
537 West 26th Street— 10,370 17,632 20,000 26,631 21,371 48,002 3,232 2018(4)
339 Greenwich Street— 2,622 12,333 (10,018)866 4,071 4,937 245 2017(4)
Hotel Pennsylvania site— 29,903 121,712 109,425 29,903 231,137 261,040 — 19191997(4)
Other (Including Signage)— 140,477 31,892 22,106 94,787 99,688 194,475 28,002 —(4)
Total Manhattan5,252,615 2,084,155 4,627,325 4,025,414 2,069,286 8,667,608 10,736,894 2,490,748 
Other Properties
Paramus, New Jersey— — — 21,224 1,033 20,191 21,224 16,823 19671987(4)
Total New York5,252,615 2,084,155 4,627,325 4,046,638 2,070,319 8,687,799 10,758,118 2,507,571 
COLUMN ACOLUMN BCOLUMN CCOLUMN DCOLUMN ECOLUMN FCOLUMN GCOLUMN HCOLUMN I
Encumbrances(1)
Initial cost to companyCosts
capitalized
subsequent
to acquisition		Gross amount at which
carried at close of period		Accumulated
depreciation
and
amortization
Date of
construction(3)
Date
acquired		Life on which
depreciation
in latest
income
statement
is computed
LandBuildings
and
improvements		LandBuildings
and
improvements
Total(2)
Other
theMART
theMART, Illinois$— $64,528 $319,146 $441,840 $64,535 $760,979 $825,514 $383,172 19301998(4)
527 West Kinzie, Illinois— 5,166 — 257 5,166 257 5,423 — 1998
Piers 92 and 94, New York— — — 23,838 — 23,838 23,838 4,339 2008(4)
Total theMART— 69,694 319,146 465,935 69,701 785,074 854,775 387,511 
555 California Street, California1,200,000 223,446 895,379 269,215 223,446 1,164,594 1,388,040 432,128 1922,1969 -19702007(4)
Borgata Land, Atlantic City, NJ— 83,089 — — 83,089 — 83,089 — 2010
759-771 Madison Avenue (40 East 66th Street) Residential, New York— 8,454 13,321 (8,193)5,273 8,309 13,582 3,321 2005(4)
Annapolis, Maryland— — 9,652 — — 9,652 9,652 4,964 2005(4)
Wayne Towne Center, New Jersey— — 26,137 48,011 — 74,148 74,148 38,228 2010(4)
Other— — — 7,962 — 7,962 7,962 2,103 (4)
Total Other1,200,000 384,683 1,263,635 782,930 381,509 2,049,739 2,431,248 868,255 
Leasehold improvements, equipment and other— — — 125,389 — 125,389 125,389 95,165 
Total December 31, 2022$6,452,615 $2,468,838 $5,890,960 $4,954,957 $2,451,828 $10,862,927 $13,314,755 $3,470,991 
________________________________________
(1)Represents contractual debt obligations.
(2)The net basis of Vornado's assets and liabilities for tax reporting purposes is approximately $1.6 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 "costs capitalized subsequent to acquisition" column.
(4)Depreciation of the buildings and improvements is calculated over lives ranging from the life of the lease to forty years.
(5)On January 9, 2023, our $105,000 participation in the $205,000 mortgage loan on 150 West 34th Street was repaid.
(6)Secured amount outstanding on revolving credit facilities.
The following is a reconciliation of real estate assets and accumulated depreciation:
Year Ended December 31,
 202220212020
Real Estate   
Balance at beginning of period$13,217,845 $12,087,943 $13,074,012 
Additions during the period:
Land— 197,057 1,372 
Buildings & improvements and other711,722 1,286,474 1,127,593 
 13,929,567 13,571,474 14,202,977 
Less: Assets sold, written-off, reclassified to ready for sale and deconsolidated614,812 353,629 2,115,034 
Balance at end of period$13,314,755 $13,217,845 $12,087,943 
Accumulated Depreciation
Balance at beginning of period$3,376,347 $3,169,446 $3,015,958 
Depreciation expense449,864 362,311 344,301 
 3,826,211 3,531,757 3,360,259 
Less: Accumulated depreciation on assets sold, written-off and deconsolidated355,220 155,410 190,813 
Balance at end of period$3,470,991 $3,376,347 $3,169,446