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SEC 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
COLUMN A
COLUMN B
 
COLUMN C
 
COLUMN D
 
COLUMN E
 
COLUMN F
COLUMN G
COLUMN H
COLUMN I
 
Encumbrances (2)
 
Initial cost to company (1)
 
Costs
capitalized
subsequent
to acquisition
 
Gross amount at which
carried at close of period
 
Accumulated
depreciation
and
amortization
Date of
construction (4)
Date
acquired
Life on which
depreciation
in latest
income
statement
is computed
Land
 
Buildings
and
improvements
Land
 
Buildings
and
improvements
 
Total (3)
New York
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Manhattan
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1290 Avenue of the Americas
$
950,000

 
$
515,539

 
$
923,653

 
$
231,245

 
$
515,539

 
$
1,154,898

 
$
1,670,437

 
$
336,807

1963
2007
(5)
697-703 Fifth Avenue
450,000

 
152,825

 
584,230

 
566

 
152,825

 
584,796

 
737,621

 
61,014

 
2014
(5)
350 Park Avenue
400,000

 
265,889

 
363,381

 
50,265

 
265,889

 
413,646

 
679,535

 
130,828

1960
2006
(5)
666 Fifth Avenue (Retail Condo)
390,000

 
189,005

 
471,072

 

 
189,005

 
471,072

 
660,077

 
73,059

 
2012
(5)
PENN1

 

 
412,169

 
257,803

 

 
669,972

 
669,972

 
300,399

1972
1998
(5)
100 West 33rd Street
398,402

 
242,776

 
247,970

 
35,200

 
242,776

 
283,170

 
525,946

 
88,054

1911
2007
(5)
1535 Broadway

 
130,433

 
322,581

 
161,766

 
130,439

 
484,341

 
614,780

 
36,439

 
2012
(5)
150 West 34th Street
205,000

 
119,657

 
268,509

 

 
119,657

 
268,509

 
388,166

 
24,054

1900
2015
(5)
1540 Broadway

 
105,914

 
214,208

 
28,868

 
105,914

 
243,076

 
348,990

 
61,252

 
2006
(5)
655 Fifth Avenue
140,000

 
102,594

 
231,903

 

 
102,594

 
231,903

 
334,497

 
30,681

 
2013
(5)
PENN2
575,000

 
53,615

 
164,903

 
119,920

 
52,689

 
285,749

 
338,438

 
161,909

1968
1997
(5)
90 Park Avenue

 
8,000

 
175,890

 
183,882

 
8,000

 
359,772

 
367,772

 
128,983

1964
1997
(5)
Manhattan Mall
181,598

 
88,595

 
113,473

 
71,596

 
88,595

 
185,069

 
273,664

 
65,646

2009
2007
(5)
770 Broadway
700,000

 
52,898

 
95,686

 
135,290

 
52,898

 
230,976

 
283,874

 
93,238

1907
1998
(5)
888 Seventh Avenue
375,000

 

 
117,269

 
142,980

 

 
260,249

 
260,249

 
122,204

1980
1998
(5)
PENN11
450,000

 
40,333

 
85,259

 
110,281

 
40,333

 
195,540

 
235,873

 
79,373

1923
1997
(5)
640 Fifth Avenue

 
38,224

 
25,992

 
160,092

 
38,224

 
186,084

 
224,308

 
61,374

1950
1997
(5)
909 Third Avenue
350,000

 

 
120,723

 
107,457

 

 
228,180

 
228,180

 
98,992

1969
1999
(5)
150 East 58th Street

 
39,303

 
80,216

 
47,732

 
39,303

 
127,948

 
167,251

 
60,078

1969
1998
(5)
595 Madison Avenue

 
62,731

 
62,888

 
40,335

 
62,731

 
103,223

 
165,954

 
41,920

1968
1999
(5)
330 West 34th Street

 

 
8,599

 
145,486

 

 
154,085

 
154,085

 
30,432

1925
1998
(5)
828-850 Madison Avenue

 
107,937

 
28,261

 
2,115

 
107,937

 
30,376

 
138,313

 
9,658

 
2005
(5)
33-00 Northern Boulevard
100,000

 
46,505

 
86,226

 
7,518

 
46,505

 
93,744

 
140,249

 
9,831

1915
2015
(5)
715 Lexington Avenue

 

 
26,903

 
63,249

 
63,000

 
27,152

 
90,152

 
9,346

1923
2001
(5)
478-486 Broadway

 
30,000

 
20,063

 
36,107

 
30,000

 
56,170

 
86,170

 
13,790

2009
2007
(5)
4 Union Square South
120,000

 
24,079

 
55,220

 
3,037

 
24,079

 
58,257

 
82,336

 
21,022

1965/2004
1993
(5)
Farley Office and Retail Building
257,941

 

 
476,235

 
33,988

 

 
510,223

 
510,223

 

1912
2018
(5)
Moynihan Train Hall

 

 
346,926

 
98,767

 

 
445,693

 
445,693

 

1912
2018
(5)
260 Eleventh Avenue

 

 
80,482

 
1,966

 

 
82,448

 
82,448

 
7,734

1911
2015
(5)
510 Fifth Avenue

 
34,602

 
18,728

 
35,545

 
48,403

 
40,472

 
88,875

 
9,616

 
2010
(5)
606 Broadway
51,290

 
45,406

 
8,993

 
39,821

 

 
94,220

 
94,220

 

 
2016
(5)
40 Fulton Street

 
15,732

 
26,388

 
23,527

 
15,732

 
49,915

 
65,647

 
22,146

1987
1998
(5)
689 Fifth Avenue

 
19,721

 
13,446

 
25,575

 
19,721

 
39,021

 
58,742

 
13,986

1925
1998
(5)
443 Broadway

 
11,187

 
41,186

 

 
11,187

 
41,186

 
52,373

 
5,821

 
2013
(5)
COLUMN A
COLUMN B
 
COLUMN C
 
COLUMN D
 
COLUMN E
 
COLUMN F
COLUMN G
COLUMN H
COLUMN I
 
Encumbrances (2)
 
Initial cost to company (1)
 
Costs
capitalized
subsequent
to acquisition
 
Gross amount at which
carried at close of period
 
Accumulated
depreciation
and
amortization
Date of
construction (4)
Date
acquired
Life on which
depreciation
in latest
income
statement
is computed
Land
 
Buildings
and
improvements
Land
 
Buildings
and
improvements
 
Total (3)
New York - continued
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Manhattan - continued
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
40 East 66th Street
$

 
$
13,616

 
$
34,635

 
$
248

 
$
13,616

 
$
34,883

 
$
48,499

 
$
11,415

 
2005
(5)
155 Spring Street

 
13,700

 
30,544

 
4,872

 
13,700

 
35,416

 
49,116

 
9,910

 
2007
(5)
435 Seventh Avenue
95,782

 
19,893

 
19,091

 
40

 
19,893

 
19,131

 
39,024

 
7,903

2002
1997
(5)
3040 M Street

 
7,830

 
27,490

 
3,583

 
7,830

 
31,073

 
38,903

 
10,940

 
2006
(5)
608 Fifth Avenue

 

 

 
39,608

 

 
39,608

 
39,608

 
11,836

1932
2012
(5)
692 Broadway

 
6,053

 
22,908

 
3,690

 
6,053

 
26,598

 
32,651

 
9,185

 
2005
(5)
131-135 West 33rd Street

 
8,315

 
21,312

 
24

 
8,315

 
21,336

 
29,651

 
1,424

 
2016
(5)
265 West 34th Street

 
28,500

 

 
295

 
28,500

 
295

 
28,795

 

1920
2015
(5)
304 Canal Street

 
3,511

 
12,905

 
(731
)
 
3,511

 
12,174

 
15,685

 
714

1910
2014
(5)
677-679 Madison Avenue

 
13,070

 
9,640

 
541

 
13,070

 
10,181

 
23,251

 
3,169

 
2006
(5)
1135 Third Avenue

 
7,844

 
7,844

 
5,708

 
7,844

 
13,552

 
21,396

 
1,901

 
1997
(5)
486 Eighth Avenue

 
20,000

 
71

 
244

 
20,000

 
315

 
20,315

 

1928
2016
(5)
431 Seventh Avenue

 
16,700

 
2,751

 

 
16,700

 
2,751

 
19,451

 
808

 
2007
(5)
138-142 West 32nd Street

 
9,252

 
9,936

 
37

 
9,252

 
9,973

 
19,225

 
973

1920
2015
(5)
334 Canal Street

 
1,693

 
6,507

 
7,603

 
1,693

 
14,110

 
15,803

 
1,300

 
2011
(5)
267 West 34th Street

 
5,099

 
10,037

 
(9,760
)
 
5,099

 
277

 
5,376

 

 
2013
(5)
1540 Broadway Garage

 
4,086

 
8,914

 

 
4,086

 
8,914

 
13,000

 
2,815

1990
2006
(5)
966 Third Avenue

 
8,869

 
3,631

 

 
8,869

 
3,631

 
12,500

 
484

 
2013
(5)
148 Spring Street

 
3,200

 
8,112

 
406

 
3,200

 
8,518

 
11,718

 
2,277

 
2008
(5)
150 Spring Street

 
3,200

 
5,822

 
300

 
3,200

 
6,122

 
9,322

 
1,664

 
2008
(5)
137 West 33rd Street

 
6,398

 
1,550

 

 
6,398

 
1,550

 
7,948

 
145

1932
2015
(5)
488 Eighth Avenue

 
10,650

 
1,767

 
(4,653
)
 
6,859

 
905

 
7,764

 
245

 
2007
(5)
484 Eighth Avenue

 
3,856

 
762

 
758

 
3,856

 
1,520

 
5,376

 

 
1997
(5)
825 Seventh Avenue

 
1,483

 
697

 
159

 
1,483

 
856

 
2,339

 
400

 
1997
(5)
537 West 26th Street

 
10,370

 
17,632

 
16,263

 
26,632

 
17,633

 
44,265

 
414

 
2018
(5)
339 Greenwich

 
2,622

 
12,333

 

 
2,622

 
12,333

 
14,955

 
572

 
2017
(5)
Other (Including Signage)

 
86,299

 
506

 
115,778

 
86,299

 
116,284

 
202,583

 
35,135

 
 
 
Total Manhattan
6,190,013

 
2,859,609

 
6,597,028

 
2,586,992

 
2,902,555

 
9,141,074

 
12,043,629

 
2,325,315

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Other Properties
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Hotel Pennsylvania

 
29,903

 
121,712

 
111,168

 
29,903

 
232,880

 
262,783

 
118,994

1919
1997
(5)
Paramus

 

 

 
24,935

 
1,036

 
23,899

 
24,935

 
16,849

1967
1987
(5)
Total Other Properties

 
29,903

 
121,712

 
136,103

 
30,939

 
256,779

 
287,718

 
135,843

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total New York
6,190,013

 
2,889,512

 
6,718,740

 
2,723,095

 
2,933,494

 
9,397,853

 
12,331,347

 
2,461,158

 
 
 
COLUMN A
COLUMN B
 
COLUMN C
 
COLUMN D
 
COLUMN E
 
COLUMN F
COLUMN G
COLUMN H
COLUMN I
 
Encumbrances (2)
 
Initial cost to company (1)
 
Costs
capitalized
subsequent
to acquisition
 
Gross amount at which
carried at close of period
 
Accumulated
depreciation
and
amortization
Date of
construction (4)
Date
acquired
Life on which
depreciation
in latest
income
statement
is computed
Land
 
Buildings
and
improvements
Land
 
Buildings
and
improvements
 
Total (3)
Other
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
theMART
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Illinois
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
theMART, Chicago
$
675,000

 
$
64,528

 
$
319,146

 
$
414,820

 
$
64,535

 
$
733,959

 
$
798,494

 
$
311,470

1930
1998
(5)
527 West Kinzie, Chicago

 
5,166

 

 
32

 
5,166

 
32

 
5,198

 

 
1998
 
Total Illinois 
675,000

 
69,694

 
319,146

 
414,852

 
69,701

 
733,991

 
803,692

 
311,470

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
New York
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
MMPI Piers

 

 

 
16,412

 

 
16,412

 
16,412

 
3,003

 
2008
(5)
Total theMART
675,000

 
69,694

 
319,146

 
431,264

 
69,701

 
750,403

 
820,104

 
314,473

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
555 California Street
558,914

 
221,903

 
893,324

 
186,321

 
209,916

 
1,091,632

 
1,301,548

 
294,139

1922,1969 -1970
2007
(5)
220 Central Park South
737,369

 
115,720

 
16,445

 
1,339,283

 

 
1,471,448

 
1,471,448

 

 
2005
(5)
Borgata Land, Atlantic City, NJ
54,551

 
83,089

 

 

 
83,089

 

 
83,089

 

 
2010
(5)
40 East 66th Residential

 
29,199

 
85,798

 
(93,222
)
 
8,454

 
13,321

 
21,775

 
3,923

 
2005
(5)
677-679 Madison

 
1,462

 
1,058

 
284

 
1,626

 
1,178

 
2,804

 
478

 
2006
(5)
Annapolis

 

 
9,652

 

 

 
9,652

 
9,652

 
3,960

 
2005
 
Wayne Towne Center

 

 
26,137

 
56,955

 

 
83,092

 
83,092

 
20,474

 
2010
 
Other

 

 

 
4,597

 

 
4,597

 
4,597

 
1,350

 
2005
(5)
Total Other
2,025,834

 
521,067

 
1,351,560

 
1,925,482

 
372,786

 
3,425,323

 
3,798,109

 
638,797

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Leasehold improvements equipment and other

 

 

 
108,427

 

 
108,427

 
108,427

 
80,220

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2018
$
8,215,847

 
$
3,410,579

 
$
8,070,300

 
$
4,757,004

 
$
3,306,280

 
$
12,931,603

 
$
16,237,883

 
$
3,180,175

 
 
 
________________________________________
(1)
Initial cost is cost as of January 30, 1982 (the date on which we commenced real estate operations) unless acquired subsequent to that date see Column H.
(2)
Represents the contractual debt obligations.
(3)
The net basis of Vornado's assets and liabilities for tax reporting purposes is approximately $1.9 billion lower than the amounts reported for financial statement purposes.
(4)
Date of original construction –– many properties have had substantial renovation or additional construction –– see Column D.
(5)
Depreciation of the buildings and improvements are calculated over lives ranging from the life of the lease to forty years.
The following is a reconciliation of real estate assets and accumulated depreciation:
 
Year Ended December 31,
 
2018
 
2017
 
2016
Real Estate
 
 
 
 
 
Balance at beginning of period
$
14,756,295

 
$
14,187,820

 
$
13,545,295

Additions during the period:
 
 
 
 
 
Land
170,065

 
21,298

 
30,805

Buildings & improvements
1,665,684

 
598,820

 
854,194

 
16,592,044

 
14,807,938

 
14,430,294

Less: Assets sold, written-off and deconsolidated
354,161

 
51,643

 
242,474

Balance at end of period
$
16,237,883

 
$
14,756,295

 
$
14,187,820

 
 
 
 
 
 
Accumulated Depreciation
 
 
 
 
 
Balance at beginning of period
$
2,885,283

 
$
2,581,514

 
$
2,356,728

Additions charged to operating expenses
381,500

 
360,391

 
346,755

 
3,266,783

 
2,941,905

 
2,703,483

Less: Accumulated depreciation on assets sold, written-off and deconsolidated
86,608

 
56,622

 
121,969

Balance at end of period
$
3,180,175

 
$
2,885,283

 
$
2,581,514