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Organization and Basis of Presentation (Tables)
12 Months Ended
Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of commercial office properties
As of December 31, 2015, we owned the following interests in properties in the New York Metropolitan area, primarily in midtown Manhattan. Our investments in the New York Metropolitan area also include investments in Brooklyn, Long Island, Westchester County, Connecticut and New Jersey, which are collectively known as the Suburban properties:
 
 
 
 
Consolidated
 
Unconsolidated
 
Total
 
 
Location
 
Property
Type
 
Number of Properties
 
Approximate Square Feet (unaudited)
 
Number of Properties
 
Approximate Square Feet (unaudited)
 
Number of Properties
 
Approximate Square Feet (unaudited)
 
Weighted Average Occupancy(1) (unaudited)
Commercial:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Manhattan
 
Office
 
27

 
21,003,606

 
5

 
3,024,981

 
32

 
24,028,587

 
94.2
%
 
 
Retail
 
9

(2)
408,993

 
9

 
347,970

 
18

 
756,963

 
89.1
%
 
 
Development/Redevelopment
 
3

 
42,635

 
4

 
1,952,782

 
7

 
1,995,417

 
59.0
%
 
 
Fee Interest
 
2

 
783,530

 

 

 
2

 
783,530

 
100.0
%
 
 
 
 
41

 
22,238,764

 
18

 
5,325,733

 
59

 
27,564,497

 
91.7
%
Suburban
 
Office
 
26

 
4,235,300

 
3

 
705,641

 
29

 
4,940,941

 
79.0
%
 
 
Retail
 
1

 
52,000

 

 

 
1

 
52,000

 
100.0
%
 
 
Development/Redevelopment
 
1

 
1,000

 
1

 

 
2

 
1,000

 
100.0
%
 
 
 
 
28

 
4,288,300

 
4

 
705,641

 
32

 
4,993,941

 
79.2
%
Total commercial properties
 
69

 
26,527,064

 
22

 
6,031,374

 
91

 
32,558,438

 
89.8
%
Residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Manhattan
 
Residential
 
4

(2)
762,587

 
17

 
2,193,424

 
21

 
2,956,011

 
94.2
%
Suburban
 
Residential
 
1

(3)
66,611

 

 

 
1

 
66,611

 
94.4
%
Total residential properties
 
5

 
829,198

 
17

 
2,193,424

 
22

 
3,022,622

 
94.2
%
Total portfolio
 
74

 
27,356,262

 
39

 
8,224,798

 
113

 
35,581,060

 
90.1
%
____________________________________________________________________
(1)
The weighted average occupancy for commercial properties represents the total occupied square feet divided by total available rentable square feet.  The weighted average occupancy for residential properties represents the total occupied units divided by total available units.
(2)
As of December 31, 2015, we owned a building that was comprised of approximately 270,132 square feet (unaudited) of retail space and approximately 222,855 square feet (unaudited) of residential space. For the purpose of this report, we have included the building in the retail properties count and have bifurcated the square footage into the retail and residential components.
(3)
This property was held for sale as of December 31, 2015. In February 2016, the property was sold.