Mortgages Payable (Tables)

12 Months Ended

Dec. 31, 2015

Mortgages Payable [Abstract]

Summary of Notes and Mortgages Payable

			Interest Rate at		Balance at December 31,
(Amounts in thousands)		Maturity(1)	December 31, 2015		2015			2014
First mortgages secured by:
	Rego Park I shopping center (100% cash	Mar. 2016	0.40	%	$	78,246		$	78,246
	collateralized)(2)
	Paramus	Oct. 2018	2.90	%		68,000			68,000
	Rego Park II shopping center(3)	Nov. 2018	2.27	%		263,341			266,534
	731 Lexington Avenue, office space(4)	Mar. 2021	1.28	%		300,000			300,000
	731 Lexington Avenue, retail space	Aug. 2022	1.67	%		350,000	(5)		320,000
	Total					1,059,587			1,032,780
	Deferred debt issuance costs, net of accumulated
	amortization of $4,267 and $11,295, respectively					(6,325)			(4,824)
					$	1,053,262		$	1,027,956
___________________
(1)	Represents the extended maturity where we have the unilateral right to extend.
(2)	Extended for one year from March 10, 2015.
(3)	This loan bears interest at LIBOR plus 1.85%.
(4)	This loan bears interest at LIBOR plus 0.95%.
(5)	This loan bears interest at LIBOR plus 1.40%.

Schedule of Maturities of Long-term Debt

(Amounts in thousands)
Year Ending December 31,	Amount
2016	$	81,686
2017		3,707
2018		324,194
2019		-
2020		-
Thereafter		650,000