Mortgages Payable (Tables)

12 Months Ended

Dec. 31, 2014

Mortgages Payable [Abstract]

Summary of Notes and Mortgages Payable [Table Text Block]

			Interest Rate at		Balance at December 31,
(Amounts in thousands)		Maturity(1)	December 31, 2014		2014		2013
First mortgages secured by:
	Rego Park I shopping center (100% cash	Mar. 2015	0.40	%	$	78,246	$	78,246
	collateralized)
	731 Lexington Avenue, retail space(2)	Jul. 2015	4.93	%		320,000		320,000
	Paramus	Oct. 2018	2.90	%		68,000		68,000
	Rego Park II shopping center(3)	Nov. 2018	2.02	%		266,534		269,496
	731 Lexington Avenue, office space(4)	Mar. 2021	1.11	%		300,000		314,217
					$	1,032,780	$	1,049,959
___________________
(1)	Represents the extended maturity where we have the unilateral right to extend.
(2)	In the event of a substantial casualty, as defined, up to $75,000 of this loan may become recourse to us.
(3)	This loan bears interest at LIBOR plus 1.85%.
(4)	This loan bears interest at LIBOR plus 0.95%.

Schedule of Maturities of Long-term Debt [Table Text Block]

(Amounts in thousands)
Year Ending December 31,	Amount
2015	$	401,439
2016		3,440
2017		3,707
2018		324,194
2019		-
Thereafter		300,000