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Mortgages Payable
 6 Months Ended
Jun. 30, 2016
Mortgages Payable [Abstract]  
Mortgages Payable

9.              Mortgages Payable

The following is a summary of our outstanding mortgages payable as of June 30, 2016 and December 31, 2015.

 

           Balance at  
      Interest Rate at  June 30, December 31, 
(Amounts in thousands) Maturity(1) June 30, 2016  2016  2015 
First mortgages secured by:            
 Rego Park I shopping center (100% cash            
  collateralized)(2)Mar. 2018 0.35%  $78,246 $78,246 
 ParamusOct. 2018 2.90%   68,000   68,000 
 Rego Park II shopping center(3)Nov. 2018 2.31%   261,654  263,341 
 731 Lexington Avenue, office space(4)Mar. 2021 1.39%   300,000  300,000 
 731 Lexington Avenue, retail space(5)Aug. 2022 1.86%   350,000  350,000 
 Total       1,057,900  1,059,587 
 Deferred debt issuance costs, net of accumulated             
amortization of $5,539 and $4,267 respectively       (5,060)  (6,325) 
          $1,052,840 $1,053,262 
                
                
(1)Represents the extended maturity where we have the unilateral right to extend. 
(2)Extended in March 2016 for two years. 
(3)Interest at LIBOR plus 1.85%. 
(4)Interest at LIBOR plus 0.95%. 
(5)Interest at LIBOR plus 1.40%.