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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value Financial assets measured at fair value on our consolidated balance sheet as of December 31, 2023 consist of interest rate derivatives, which are presented in the table below based on their level in the fair value hierarchy. There were no financial liabilities measured at fair value as of December 31, 2023. 
 As of December 31, 2023
(Amounts in thousands)TotalLevel 1Level 2Level 3
Interest rate derivatives (included in other assets)$22,608 $— $22,608 $— 
Financial assets measured at fair value on our consolidated balance sheet as of December 31, 2022 consist of U.S. Treasury bills (classified as available for-sale) and interest rate derivatives, which are presented in the table below based on their level in the fair value hierarchy. There were no financial liabilities measured at fair value as of December 31, 2022.
 As of December 31, 2022
(Amounts in thousands)TotalLevel 1Level 2Level 3
Investments in U.S. Treasury bills$266,963 $266,963 $— $— 
Interest rate derivatives (included in other assets)29,351 — 29,351 — 
$296,314 $266,963 $29,351 $— 
Schedule of Interest Rate Derivatives The table below summarizes our interest rate derivatives, all of which hedge the interest rate risk attributable to the variable rate debt noted as of December 31, 2023 and 2022, respectively.
 Fair Value Asset as of December 31,As of December 31, 2023
(Amounts in thousands)20232022Notional AmountSwapped RateExpiration Date
Interest rate swap related to:
731 Lexington Avenue mortgage loan, retail condominium$16,315 $26,718 $300,000 1.76%5/25
Interest rate caps related to:
Rego Park II shopping center mortgage loan1,370 2,622 202,544 (1)11/24
731 Lexington Avenue mortgage loan, office condominium4,923 11 500,000 (2)06/24
Included in other assets$22,608 $29,351 
(1)
SOFR cap strike rate of 4.15%.
(2)
In June 2023, we purchased an interest rate cap for $11,258, which capped LIBOR at 6.00% through July 15, 2023 and caps the Prime Rate (8.50% as of December 31, 2023) at 6.00% through loan maturity. See Note 6 - Mortgages Payable for further information.
Summary of Carrying Amount and Fair Value of Financial Instruments The table below summarizes the carrying amount and fair value of these financial instruments as of December 31, 2023 and 2022.
 
 As of December 31, 2023As of December 31, 2022
 CarryingFairCarryingFair
(Amounts in thousands)AmountValueAmountValue
Assets:    
Cash equivalents$363,535 $363,535 $47,852 $47,852 
Liabilities:
Mortgages payable (excluding deferred debt issuance costs, net)$1,096,544 $1,071,887 $1,096,544 $1,061,221