Mortgages Payable (Tables)

6 Months Ended

Jun. 30, 2016

Mortgages Payable [Abstract]

Summary of Notes and Mortgages Payable

					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
	Paramus	Oct. 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%.