Mortgages Payable (Tables)

12 Months Ended

Dec. 31, 2016

Mortgages Payable [Abstract]

Summary of Notes and Mortgages Payable

			Interest Rate at		Balance at December 31,
(Amounts in thousands)		Maturity(1)	December 31, 2016		2016		2015
First mortgages secured by:
	Rego Park I shopping center (100% cash	Mar. 2018	0.35	%	$	78,246	$	78,246
	collateralized)(2)
	Paramus	Oct. 2018	2.90	%		68,000		68,000
	Rego Park II shopping center(3)	Nov. 2018	2.62	%		259,901		263,341
	731 Lexington Avenue, office space(4)	Mar. 2021	1.65	%		300,000		300,000
	731 Lexington Avenue, retail space(5)	Aug. 2022	2.05	%		350,000		350,000
	Total					1,056,147		1,059,587
	Deferred debt issuance costs, net of accumulated
	amortization of $6,824 and $4,267, respectively					(3,788)		(6,325)
					$	1,052,359	$	1,053,262
(1)	Represents the extended maturity where we have the unilateral right to extend.
(2)	Extended for two years from March 2016.
(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
2017	$	3,707
2018		402,440
2019		-
2020		-
2021		300,000
Thereafter		350,000