Schedule III: Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2015

Schedule III: Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III: Real Estate and Accumulated Depreciation

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

DECEMBER 31, 2015
(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
											Carried at Close of Period												Depreciation
					Initial Cost to Company⁽²⁾				Costs							Development			Accumulated				in Latest
							Buildings		Capitalized				Buildings			and			Depreciation				Income
							and Leasehold		Subsequent				and Leasehold		Construction				and		Date of	Date	Statement
Description			Encumbrances⁽¹⁾		Land		Improvements		to Acquisition		Land		Improvements		In Progress		Total⁽³⁾		Amortization		Construction	Acquired⁽²⁾	is Computed
	New York, NY
		Rego Park I	$	78,246	$	1,647	$	8,953	$	51,942	$	1,647	$	60,512	$	383	$	62,542	$	29,377	1959	1992	3-39 years
		Rego Park II		263,341		3,127		1,467		385,499		3,127		386,582		384		390,093		63,373	2009	1992	3-40 years
		The Alexander apartment tower		-		-		-		117,788		-		111,027		6,761		117,788		1,856	N/A	1992	3-39 years
		Rego Park III		-		779		-		2,462		779		504		1,958		3,241		158	N/A	1992	5-15 years
		Flushing		-		-		1,660		(107)		-		1,553		-		1,553		850	1975⁽⁴⁾	1992	N/A
		Lexington Avenue		650,000		14,432		12,355		415,547		27,497		414,837		-		442,334		129,919	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			$	1,059,587	$	21,593	$	26,239	$	981,640	$	44,971	$	975,015	$	9,486	$	1,029,472	$	225,533


		__________________________
(1)		Excludes deferred debt issuance costs, net of $6,325.
(2)		Initial cost is as of May 15, 1992 (the date on which the Company commenced its real estate operations).
(3)		The net basis of the Company’s assets and liabilities for tax purposes is approximately $200,876,000 lower than the amount reported for financial statement purposes.
(4)		Represents the date the lease was acquired.

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

				December 31,
				2015		2014		2013
	REAL ESTATE:
		Balance at beginning of period		$	993,927	$	919,576	$	911,792
		Changes during the period:
			Land		-		-		-
			Buildings and leasehold improvements		112,538		4,043		5,072
			Development and construction in progress		(65,803)		70,365		2,712
					1,040,662		993,984		919,576
			Less: Fully depreciated assets		(11,190)		(57)		-
		Balance at end of period		$	1,029,472	$	993,927	$	919,576

	ACCUMULATED DEPRECIATION:
		Balance at beginning of period		$	210,025	$	185,375	$	160,826
		Additions charged to operating expenses			26,698		24,707		24,549
					236,723		210,082		185,375
			Less: Fully depreciated assets		(11,190)		(57)		-
		Balance at end of period		$	225,533	$	210,025	$	185,375