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Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments Measured at Fair Value on a Recurring Basis
(In thousands)Quoted Prices
in Active
Markets
Level 1		Significant Other
Observable
Inputs
Level 2		Significant
Unobservable
Inputs
Level 3		Total
December 31, 2023
Interest rate “Pay - Fixed” swaps - assets$— $400 $— $400 
Total$— $400 $— $400 
Schedule of Financial Instruments that are Not Reported at Fair Value
The fair values of the Company’s financial instruments that are not reported at fair value on the consolidated balance sheet are reported below:
June 30, 2024December 31, 2023
(In thousands)LevelGross Principal BalanceFair Value Gross Principal BalanceFair Value
Mortgage note payable — 9 Times Square
3$49,500 $49,400 $49,500 $49,265 
Mortgage note payable — 1140 Avenue of the Americas (1)
399,000 69,078 99,000 69,619 
Mortgage note payable — 123 William Street
3140,000 129,821 140,000 130,463 
Mortgage note payable — 400 E. 67th Street - Laurel Condominium / 200 Riverside Boulevard - ICON Garage
350,000 44,997 50,000 45,442 
Mortgage note payable — 8713 Fifth Avenue
310,000 9,069 10,000 9,193 
Mortgage note payable — 196 Orchard Street
351,000 44,471 51,000 44,857 
Total $399,500 $346,836 $399,500 $348,839 
___________
(1)The Company recorded an impairment charge of $66.1 million during the year ended December 31, 2023 for its 1140 Avenues of the Americas property. As a result, the Company adjusted the fair value of the property’s mortgage to the current carrying value of the property as of December 31, 2023. For additional information please see Note 3 — Real Estate Investments.