Schedule III: Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2016

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, 2016
(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												Life on 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	$	52,368	$	1,647	$	61,285	$	36	$	62,968	$	31,212	1959	1992	3-39 years
		Rego Park II		259,901		3,127		1,467		386,655		3,127		387,999		123		391,249		73,186	2009	1992	3-40 years
		The Alexander apartment tower		-		-		-		119,105		-		119,105		-		119,105		6,081	2016	1992	3-39 years
		Rego Park III		-		779		-		3,124		779		503		2,621		3,903		198	N/A	1992	5-15 years
		Flushing		-		-		1,660		(107)		-		1,553		-		1,553		909	1975(4)	1992	N/A
		Lexington Avenue		650,000		14,432		12,355		416,065		27,497		415,355		-		442,852		141,151	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			$	1,056,147	$	21,593	$	26,239	$	985,719	$	44,971	$	985,800	$	2,780	$	1,033,551	$	252,737
		__________________________
(1)		Excludes deferred debt issuance costs, net of $3,788.
(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 $208,622 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,
				2016		2015		2014
	REAL ESTATE:
		Balance at beginning of period		$	1,029,472	$	993,927	$	919,576
		Changes during the period:
			Land		-		-		-
			Buildings and leasehold improvements		12,464		112,538		4,043
			Development and construction in progress		(6,706)		(65,803)		70,365
					1,035,230		1,040,662		993,984
			Less: Fully depreciated assets		(1,679)		(11,190)		(57)
		Balance at end of period		$	1,033,551	$	1,029,472	$	993,927
	ACCUMULATED DEPRECIATION:
		Balance at beginning of period		$	225,533	$	210,025	$	185,375
		Additions charged to operating expenses			28,883		26,698		24,707
					254,416		236,723		210,082
			Less: Fully depreciated assets		(1,679)		(11,190)		(57)
		Balance at end of period		$	252,737	$	225,533	$	210,025