XML 79 R39.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Organization and Basis of Presentation (Tables)
12 Months Ended
Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of commercial office properties
As of December 31, 2019, we owned the following interests in properties in the New York metropolitan area, primarily in midtown Manhattan. Our investments located outside of Manhattan are referred to 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
 
20

 
12,387,091

 
10

 
11,216,183

 
30

 
23,603,274

 
94.5
%
 
 
Retail
 
6

(2)
320,430

 
8

 
289,050

 
14

 
609,480

 
98.4
%
 
 
Development/Redevelopment
(3)
6

 
189,538

 
1

 

 
7

 
189,538

 
84.9
%
 
 
Fee Interest
 

 

 
1

 

 
1

 

 
%
 
 
 
 
32

 
12,897,059

 
20

 
11,505,233

 
52

 
24,402,292

 
94.6
%
Suburban
 
Office
 
8

 
1,044,800

 

 

 
8

 
1,044,800

 
85.7
%
 
 
Retail
 
1

 
52,000

 

 

 
1

 
52,000

 
100.0
%
 
 
 
 
9

 
1,096,800

 

 

 
9

 
1,096,800

 
86.4
%
Total commercial properties
 
41

 
13,993,859

 
20

 
11,505,233

 
61

 
25,499,092

 
94.2
%
Residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Manhattan
 
Residential
 
2

(2)
445,105

 
8

 
1,663,774

 
10

 
2,108,879

 
95.7
%
Total residential properties
 
2

 
445,105

 
8

 
1,663,774

 
10

 
2,108,879

 
95.7
%
Total portfolio
 
43

 
14,438,964

 
28

 
13,169,007

 
71

 
27,607,971

 
94.3
%
(1)
The weighted average occupancy for commercial properties represents the total occupied square footage divided by the total square footage at acquisition.  The weighted average occupancy for residential properties represents the total occupied units divided by the total available units.
(2)
As of December 31, 2019, we owned a building at 315 West 33rd Street, also known as The Olivia, 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 this building in the number of retail properties we own. However, we have included only the retail square footage in the retail approximate square footage, and have listed the balance of the square footage as residential square footage.
(3)
Properties in Development are included in Number of Properties with no Approximate Square Feet.