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Organization and Basis of Presentation (Tables)
6 Months Ended
Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of commercial office properties
As of June 30, 2016, 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
 
25


18,368,606

 
6

 
4,244,139

 
31

 
22,612,745

 
95.6
%

 
Retail
 
10

(2)
418,563

 
9

 
352,952

 
19

 
771,515

 
87.8
%

 
Development/Redevelopment
 
3


42,635

 
3

 
767,311

 
6

 
809,946

 
34.9
%

 
Fee Interest
 
1


176,530

 

 

 
1

 
176,530

 
100.0
%

 

 
39


19,006,334

 
18

 
5,364,402

 
57

 
24,370,736

 
93.4
%
Suburban
 
Office
 
26

(3)
4,235,300

 
2

 
640,000

 
28

 
4,875,300

 
82.1
%

 
Retail
 
1


52,000

 

 

 
1

 
52,000

 
100.0
%

 
Development/Redevelopment
 
1


1,000

 
1

 

 
2

 
1,000

 
100.0
%

 

 
28


4,288,300

 
3

 
640,000

 
31

 
4,928,300

 
82.3
%
Total commercial properties
 
67


23,294,634

 
21

 
6,004,402

 
88

 
29,299,036

 
91.5
%
Residential:
 

 



 

 

 

 

 

Manhattan
 
Residential
 
4

(2)
762,587

 
17

 
2,957,282

 
21

 
3,719,869

 
67.5
%
Suburban
 
Residential
 



 

 

 

 

 
%
Total residential properties
 
4


762,587

 
17

 
2,957,282

 
21

 
3,719,869

 
67.5
%
Total portfolio(3)
 
71


24,057,221

 
38

 
8,961,684

 
109

 
33,018,905

 
88.8
%
    
(1)
The weighted average occupancy for commercial properties represents the total occupied square feet divided by the total acquisition square footage.  The weighted average occupancy for residential properties represents the total occupied units divided by the total available units.
(2)
As of June 30, 2016, 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)
Includes the property at 500 West Putnam, which is classified as held for sale at June 30, 2016.