Schedule III: Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2014

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, 2014
(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	$	50,553	$	1,647	$	59,370	$	136	$	61,153	$	27,569	1959	1992	3-39 years
		Rego Park II:
			Retail		266,534		3,127		1,467		384,926		3,127		386,260		133		389,520		52,747	2009	1992	3-40 years
			Residential		-		-		-		73,327		-		-		73,327		73,327		-	N/A	1992	N/A
		Rego Park III			-		779		-		2,196		779		503		1,693		2,975		120	N/A	1992	5-15 years
		Flushing			-		-		1,660		(107)		-		1,553		-		1,553		791	1975⁽³⁾	1992	N/A
		Lexington Avenue			620,000		14,432		12,355		426,691		27,497		425,981		-		453,478		128,798	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				$	1,032,780	$	21,593	$	26,239	$	946,095	$	44,971	$	873,667	$	75,289	$	993,927	$	210,025


		__________________________
(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 $204,815 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,
				2014		2013		2012
	REAL ESTATE:
		Balance at beginning of period		$	919,576	$	911,792	$	906,907
		Additions during the period:
			Land		-		-		-
			Buildings and leasehold improvements		4,043		5,072		3,776
			Development and construction in progress		70,365		2,712		1,109
					993,984		919,576		911,792
			Less: Fully depreciated assets		(57)		-		-
		Balance at end of period		$	993,927	$	919,576	$	911,792

	ACCUMULATED DEPRECIATION:
		Balance at beginning of period		$	185,375	$	160,826	$	136,460
		Additions charged to operating expenses			24,707		24,549		24,366
					210,082		185,375		160,826
			Less: Fully depreciated assets		(57)		-		-
		Balance at end of period		$	210,025	$	185,375	$	160,826