Schedule III: Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2013

Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III: Real Estate and Accumulated Depreciation [Text Block]

ALEXANDER’S, INC. AND SUBSIDIARIES
SCHEDULE III-REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2013
(Amounts in thousands)


COLUMN A				COLUMN B		COLUMN C				COLUMN D		COLUMN E								COLUMN F		COLUMN G	COLUMN H	COLUMN I
												Gross Amount at Which
						Initial Cost to Company⁽¹⁾						Carried at Close of Period												Depreciation
								Building,		Costs				Building,						Accumulated				in Latest
								Leaseholds		Capitalized				Leaseholds						Depreciation				Income
								and Leasehold		Subsequent				and Leasehold		Construction				and		Date of	Date	Statement
Description				Encumbrances		Land		Improvements		to Acquisition		Land		Improvements		In Progress		Total⁽²⁾		Amortization		Construction	Acquired⁽¹⁾	is Computed
	New York, NY
		Rego Park I		$	78,246	$	1,647	$	8,953	$	48,177	$	1,647	$	56,380	$	750	$	58,777	$	26,056	1959	1992	3-39 years
		Rego Park II:
			Retail		269,496		3,127		1,467		384,105		3,127		385,403		169		388,699		42,145	2009	1992	3-40 years
			Residential		-		-		-		2,265		-		-		2,265		2,265		-	N/A	1992	N/A
		Rego Park III			-		779		-		2,243		779		503		1,740		3,022		81	N/A	1992	5-15 years
		Flushing			-		-		1,660		(107)		-		1,553		-		1,553		732	1975⁽³⁾	1992	N/A
		Lexington Avenue			634,217		14,432		12,355		426,552		27,497		425,842		-		453,339		116,361	2003	1992	9-39 years

	Paramus, NJ				68,000		1,441		-		10,313		11,754		-		-		11,754		-	N/A	1992	N/A

	Other Properties				-		167		1,804		(1,804)		167		-		-		167		-	N/A	1992	N/A
TOTAL				$	1,049,959	$	21,593	$	26,239	$	871,744	$	44,971	$	869,681	$	4,924	$	919,576	$	185,375


		__________________________
(1)		Initial cost is as of May 15, 1992 (the date on which the Company commenced its real estate operations).
(2)		The net basis of the Company’s assets and liabilities for tax purposes is approximately $189,757 lower than the amount reported for financial statement purposes.
(3)		Represents the date the lease was acquired.

ALEXANDER’S, INC. AND SUBSIDIARIES
SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION
(Amounts in thousands)

				December 31,
				2013		2012		2011
	REAL ESTATE:
		Balance at beginning of period		$	911,792	$	906,907	$	897,312
		Additions (deletions) during the period:
			Land		-		-		-
			Buildings and leasehold improvements		5,072		3,776		49,027
			Development and construction in progress		2,712		1,109		(39,432)
					919,576		911,792		906,907
			Less: Fully depreciated assets		-		-		-
		Balance at end of period		$	919,576	$	911,792	$	906,907

	ACCUMULATED DEPRECIATION:
		Balance at beginning of period		$	160,826	$	136,460	$	112,765
		Additions charged to operating expenses			24,549		24,366		23,695
					185,375		160,826		136,460
			Less: Fully depreciated assets		-		-		-
		Balance at end of period		$	185,375	$	160,826	$	136,460

- Definition

The entire disclosure for real estate and accumulated depreciation. This may include a schedule that describes the property and lists the initial cost of land, buildings and improvements, improvements and carrying costs capitalized after acquisition, and the total carrying cost for land, buildings and improvements for each property and in aggregate. The schedule also lists the accumulated depreciation for each property and in aggregate, the date each property was constructed and acquired, the useful life used to calculate depreciation and any encumbrances on the properties. The entity provides a reconciliation of the carrying amount of real estate from the beginning of the period to the end of the period. Any real estate investments that have been written down or reserved against are described, including the basis of the write-down. A material amount of intercompany profit in the total carrying amount of real estate is disclosed. The aggregate cost of all real estate investments for federal income tax purposes is also disclosed.

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