Schedule III: Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2019

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, 2019
(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	$	61,930		$	1,647	$	62,822	$	8,061	$	72,530	$	36,790	1959	1992	3-39 years
Rego Park II	56,836		(4)	3,127		1,467		388,349			3,127		389,782		34		392,943		103,688		2009	1992	3-40 years
The Alexander apartment tower	—			—		—		119,112			—		119,112		—		119,112		17,405		2016	1992	3-39 years
Rego Park III	—			779		—		4,297			779		503		3,794		5,076		290		N/A	1992	5-15 years
Flushing	—			—		1,660		(107		)	—		1,553		—		1,553		1,087		1975(5)	1992	N/A
Lexington Avenue	850,000			14,432		12,355		411,420			27,497		410,281		429		438,207		165,239		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	$	974,836		$	21,593	$	26,239	$	993,510		$	44,971	$	984,053	$	12,318	$	1,041,342	$	324,499
(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 $3,875.
(3) The net basis of the Company’s assets and liabilities for tax purposes is approximately $171,331 lower than the amount reported for financial statement purposes.
(4) The amount of this loan is net of our $195,708 loan participation.
(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,
	2019		2018			2017
REAL ESTATE:
Balance at beginning of period	$	1,027,691	$	1,037,368		$	1,033,551
Changes during the period:
Land	—		—			—
Buildings and leasehold improvements	5,579		3,218			3,046
Development and construction in progress	8,072		695			771
	1,041,342		1,041,281			1,037,368
Less: Fully depreciated assets	—		(13,590		)	—
Balance at end of period	$	1,041,342	$	1,027,691		$	1,037,368
ACCUMULATED DEPRECIATION:
Balance at beginning of period	$	297,421	$	283,044		$	252,737
Additions charged to operating expenses	27,078		27,967			30,307
	324,499		311,011			283,044
Less: Fully depreciated assets	—		(13,590		)	—
Balance at end of period	$	324,499	$	297,421		$	283,044