Schedule III: Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2017

SEC 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, 2017
(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 Depreciation in Latest Income Statement is Computed
			Initial Cost to Company(2)				Costs Capitalized Subsequent to Acquisition			Carried at Close of Period								Accumulated Depreciation and Amortization
					Buildings and Leasehold Improvements							Buildings and Leasehold Improvements		Development and Construction In Progress
																				Date of Construction	Date Acquired(2)
Description	Encumbrances(1)		Land							Land						Total(3)
New York, NY
Rego Park I	$	78,246	$	1,647	$	8,953	$	53,390		$	1,647	$	62,268	$	75	$	63,990	$	33,073	1959	1992	3-39 years
Rego Park II	256,194		3,127		1,467		388,890			3,127		390,118		239		393,484		83,963		2009	1992	3-40 years
The Alexander apartment tower	—		—		—		119,112			—		119,112		—		119,112		9,856		2016	1992	3-39 years
Rego Park III	—		779		—		3,740			779		503		3,237		4,519		228		N/A	1992	5-15 years
Flushing	—		—		1,660		(107		)	—		1,553		—		1,553		968		1975(4)	1992	N/A
Lexington Avenue	850,000		14,432		12,355		416,002			27,497		415,292		—		442,789		154,956		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	$	1,252,440	$	21,593	$	26,239	$	989,536		$	44,971	$	988,846	$	3,551	$	1,037,368	$	283,044
(1) Excludes deferred debt issuance costs, net of $12,218.
(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 $199,268 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,
	2017		2016			2015
REAL ESTATE:
Balance at beginning of period	$	1,033,551	$	1,029,472		$	993,927
Changes during the period:
Land	—		—			—
Buildings and leasehold improvements	3,046		12,464			112,538
Development and construction in progress	771		(6,706		)	(65,803		)
	1,037,368		1,035,230			1,040,662
Less: Fully depreciated assets	—		(1,679		)	(11,190		)
Balance at end of period	$	1,037,368	$	1,033,551		$	1,029,472
ACCUMULATED DEPRECIATION:
Balance at beginning of period	$	252,737	$	225,533		$	210,025
Additions charged to operating expenses	30,307		28,883			26,698
	283,044		254,416			236,723
Less: Fully depreciated assets	—		(1,679		)	(11,190		)
Balance at end of period	$	283,044	$	252,737		$	225,533