Mortgages Payable (Tables)

6 Months Ended

Jun. 30, 2018

Debt Disclosure [Abstract]

Summary of Outstanding Mortgages Payable

The following is a summary of our outstanding mortgages payable as of June 30, 2018 and December 31, 2017. We may refinance our maturing debt as it comes due or choose to repay it.

			Balance at
(Amounts in thousands)	Maturity(1)	Interest Rate at June 30, 2018	June 30, 2018			December 31, 2017
First mortgages secured by:
Paramus	Oct. 2018	2.90%	$	68,000		$	68,000
Rego Park II shopping center(2)	Nov. 2018	3.94%	254,234			256,194
731 Lexington Avenue, retail space(3)	Aug. 2022	3.41%	350,000			350,000
731 Lexington Avenue, office space(4)	Jun. 2024	2.97%	500,000			500,000
Rego Park I shopping center (100% cash collateralized)(5)	—	—	—			78,246
Total			1,172,234			1,252,440
Deferred debt issuance costs, net of accumulated amortization of $8,915 and $6,315, respectively			(9,602		)	(12,218		)
			$	1,162,632		$	1,240,222

(1) Represents the extended maturity where we have the unilateral right to extend.

(2) Interest at LIBOR plus 1.85%. See Note 5 for details of our Rego Park II loan participation.

(3) Interest at LIBOR plus 1.40%.

(4) Interest at LIBOR plus 0.90%.

(5) Refinanced on May 11, 2018 and repaid on June 6, 2018.