Schedule III: Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2018

SEC Schedule, 12-28, Real Estate Companies, Investment in 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, 2018
(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(1)				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(1)
Description	Encumbrances(2)			Land							Land						Total(3)
New York, NY
Rego Park I	$	—		$	1,647	$	8,953	$	54,456		$	1,647	$	62,836	$	573	$	65,056	$	34,987	1959	1992	3-39 years
Rego Park II	252,544		(4)	3,127		1,467		387,884			3,127		389,191		160		392,478		93,011		2009	1992	3-40 years
The Alexander apartment tower	—			—		—		119,112			—		119,112		—		119,112		13,631		2016	1992	3-39 years
Rego Park III	—			779		—		4,016			779		503		3,513		4,795		259		N/A	1992	5-15 years
Flushing	—			—		1,660		(107		)	—		1,553		—		1,553		1,028		1975(5)	1992	N/A
Lexington Avenue	850,000			14,432		12,355		405,989			27,497		405,279		—		432,776		154,505		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	$	1,170,544		$	21,593	$	26,239	$	979,859		$	44,971	$	978,474	$	4,246	$	1,027,691	$	297,421
(1) Initial cost is as of May 15, 1992 (the date on which the Company commenced its real estate operations).
(2) Excludes deferred debt issuance costs, net of $9,010.
(3) The net basis of the Company’s assets and liabilities for tax purposes is approximately $186,559 lower than the amount reported for financial statement purposes.
(4) We hold a $195,708 participation in the loan.
(5) Represents the date the lease was acquired.

ALEXANDER’S, INC. AND SUBSIDIARIES
SCHEDULE III
REAL ESTATE AND ACCUMULATED DEPRECIATION
(Amounts in thousands)
	December 31,
	2018			2017		2016
REAL ESTATE:
Balance at beginning of period	$	1,037,368		$	1,033,551	$	1,029,472
Changes during the period:
Land	—			—		—
Buildings and leasehold improvements	3,218			3,046		12,464
Development and construction in progress	695			771		(6,706		)
	1,041,281			1,037,368		1,035,230
Less: Fully depreciated assets	(13,590		)	—		(1,679		)
Balance at end of period	$	1,027,691		$	1,037,368	$	1,033,551
ACCUMULATED DEPRECIATION:
Balance at beginning of period	$	283,044		$	252,737	$	225,533
Additions charged to operating expenses	27,967			30,307		28,883
	311,011			283,044		254,416
Less: Fully depreciated assets	(13,590		)	—		(1,679		)
Balance at end of period	$	297,421		$	283,044	$	252,737