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SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION
 12 Months Ended
Dec. 31, 2024
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 $299,181 $518,244 $1,226,173 $1,744,417 $527,598 19632007(4)
One Park Avenue525,000 197,057 369,016 16,545 197,057 385,561 582,618 36,701 19262021(4)
350 Park Avenue400,000 265,889 363,381 108,646 306,034 431,882 737,916 192,223 19602006(4)
PENN 1— — 412,169 980,523 — 1,392,692 1,392,692 482,628 19721998(4)
100 West 33rd Street 480,000 331,371 361,443 77,562 331,371 439,005 770,376 199,265 1911/20092007(4)
150 West 34th Street75,000 119,657 268,509 — 119,657 268,509 388,166 64,330 19002015(4)
PENN 2575,000 
(5)
53,615 164,903 1,013,238 52,689 1,179,067 1,231,756 110,970 19681997(4)
90 Park Avenue— 8,000 175,890 203,970 8,000 379,860 387,860 223,366 19641997(4)
770 Broadway700,000 52,898 95,686 179,069 52,898 274,755 327,653 139,014 19071998(4)
888 Seventh Avenue258,057 — 117,269 180,925 — 298,194 298,194 179,726 19801998(4)
PENN 11500,000 40,333 85,259 148,058 40,333 233,317 273,650 121,166 19231997(4)
909 Third Avenue350,000 — 120,723 128,903 — 249,626 249,626 154,316 19691999(4)
150 East 58th Street— 39,303 80,216 68,071 39,303 148,287 187,590 83,389 19691998(4)
595 Madison Avenue— 62,731 62,888 84,556 62,731 147,444 210,175 71,395 19681999(4)
330 West 34th Street— — 8,599 170,511 — 179,110 179,110 72,796 19251998(4)
715 Lexington Avenue— — 26,903 21,178 30,086 17,995 48,081 3,947 19232001(4)
4 Union Square South120,000 24,079 55,220 14,712 24,079 69,932 94,011 32,926 1965/20041993(4)
The Farley Building — — 476,235 967,380 — 1,443,615 1,443,615 158,469 19122018(4)
260 Eleventh Avenue— — 80,482 8,246 — 88,728 88,728 20,498 19112015(4)
606 Broadway74,119 45,406 8,993 486 23,930 30,955 54,885 2,816 2016(4)
435 Seventh Avenue75,000 19,893 19,091 146 19,893 19,237 39,130 10,836 20021997(4)
131-135 West 33rd Street— 8,315 21,312 429 8,315 21,741 30,056 5,018 2016(4)
304 - 306 Canal Street— 3,511 12,905 (14,607)358 1,451 1,809 190 19102014(4)
1131 Third Avenue— 7,844 7,844 5,816 7,844 13,660 21,504 4,282 1997(4)
431 Seventh Avenue— 16,700 2,751 300 16,700 3,051 19,751 1,259 2007(4)
138-142 West 32nd Street— 9,252 9,936 2,232 9,252 12,168 21,420 2,987 19202015(4)
334 Canal Street— 1,693 6,507 (6,700)154 1,346 1,500 170 2011(4)
966 Third Avenue— 8,869 3,631 — 8,869 3,631 12,500 1,029 2013(4)
137 West 33rd Street— 6,398 1,550 — 6,398 1,550 7,948 378 19322015(4)
825 Seventh Avenue— 1,483 697 3,969 1,483 4,666 6,149 1,534 1997(4)
537 West 26th Street— 10,370 17,632 20,000 26,631 21,371 48,002 5,561 2018(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
339 Greenwich Street$— $2,622 $12,333 $(10,054)$866 $4,035 $4,901 $458 2017(4)
Hotel Pennsylvania site (PENN 15)— 29,903 121,712 183,233 29,903 304,945 334,848 — 19191997(4)
Other (Including Signage)— 140,477 31,892 79,729 108,589 143,509 252,098 34,864 (4)
Total Manhattan5,082,176 2,025,913 4,530,569 4,936,253 2,051,667 9,441,068 11,492,735 2,946,105 
Other Properties
Paramus, New Jersey— — — 20,467 1,033 19,434 20,467 15,349 19671987(4)
Total Other Properties— — — 20,467 1,033 19,434 20,467 15,349 
Total New York5,082,176 2,025,913 4,530,569 4,956,720 2,052,700 9,460,502 11,513,202 2,961,454 
Other
THE MART
THE MART, Illinois$— $64,528 $319,146 $487,855 $64,535 $806,994 $871,529 $416,326 19301998(4)
527 West Kinzie, Illinois— 5,166 — 362 5,166 362 5,528 — 1998
Total THE MART— 69,694 319,146 488,217 69,701 807,356 877,057 416,326 
555 California Street, California1,200,000 223,446 895,379 273,926 223,446 1,169,305 1,392,751 499,906 1922,1969 -19702007(4)
Borgata Land, Atlantic City, NJ— 83,089 — — 83,089 — 83,089 — —2010
40 East 66th Street Residential, New York— 8,454 13,321 (8,193)5,273 8,309 13,582 3,761 —2005(4)
Annapolis, Maryland— — 9,652 — — 9,652 9,652 5,466 2005(4)
Wayne Towne Center, New Jersey— — 26,137 49,654 — 75,791 75,791 45,677 2010(4)
Other— — — 5,593 — 5,593 5,593 3,247 (4)
Total Other1,200,000 384,683 1,263,635 809,197 381,509 2,076,006 2,457,515 974,383 
Leasehold improvements, equipment and other— — — 120,915 — 120,915 120,915 89,512 
Total December 31, 2024$6,282,176 $2,410,596 $5,794,204 $5,886,832 $2,434,209 $11,657,423 $14,091,632 $4,025,349 
________________________________________
(1)Represents contractual debt obligations.
(2)The net basis of Vornado's assets and liabilities for tax reporting purposes is approximately $1.4 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)Secured amount outstanding on revolving credit facilities.
The following is a reconciliation of real estate assets and accumulated depreciation:
Year Ended December 31,
 202420232022
Real Estate   
Balance at beginning of period$13,801,204 $13,314,755 $13,217,845 
Additions during the period:
Land— 40,145 — 
Buildings & improvements and other431,999 713,740 711,722 
 14,233,203 14,068,640 13,929,567 
Less: Assets sold, written-off, reclassified to ready for sale and deconsolidated141,571 267,436 614,812 
Balance at end of period$14,091,632 $13,801,204 $13,314,755 
Accumulated Depreciation
Balance at beginning of period$3,752,827 $3,470,991 $3,376,347 
Depreciation expense396,231 382,638 449,864 
 4,149,058 3,853,629 3,826,211 
Less: Accumulated depreciation on assets sold, written-off and deconsolidated123,709 100,802 355,220 
Balance at end of period$4,025,349 $3,752,827 $3,470,991