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Properties Held for Sale and Property Dispositions (Tables) | 12 Months Ended
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Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract] |
Summary of properties sold and income from discontinued operations | The following table summarizes the properties sold during the years ended December 31, 2019, 2018, and 2017:
Property |  | Disposition Date |  | Property Type |  | Unaudited Approximate Usable Square Feet |  | Sales Price(1) (in millions) |  | Gain (Loss) on Sale(2) (in millions)
Suburban Properties (3) |  | December 2019 |  | Fee Interest |  | 1,107,000 |  |  | $ | 229.2 |  |  | $ | 1.8 |
1640 Flatbush Avenue |  | December 2019 |  | Fee Interest |  | 1,000 |  |  | 16.2 |  |  | 5.5 |
562 Fifth Avenue |  | December 2019 |  | Fee Interest |  | 42,635 |  |  | 52.4 |  |  | (26.6 | )
1010 Washington Boulevard |  | November 2019 |  | Fee Interest |  | 143,400 |  |  | 23.1 |  |  | (7.1 | )
115 Spring Street (4) |  | August 2019 |  | Fee Interest |  | 5,218 |  |  | 66.6 |  |  | 3.6 |
2 Herald Square(5) |  | November 2018 |  | Office/Retail |  | 369,000 |  |  | 265.0 |  |  | — |
400 Summit Lake Drive |  | November 2018 |  | Land |  | 39.5 | acres |  | 3.0 |  |  | (36.2 | )
Upper East Side Assemblage(6)(7) |  | October 2018 |  | Development |  | 70,142 |  |  | 143.8 |  |  | (6.3 | )
1-6 International Drive |  | July 2018 |  | Office |  | 540,000 |  |  | 55.0 |  |  | (2.6 | )
635 Madison Avenue |  | June 2018 |  | Retail |  | 176,530 |  |  | 153.0 |  |  | (14.1 | )
115-117 Stevens Avenue |  | May 2018 |  | Office |  | 178,000 |  |  | 12.0 |  |  | (0.7 | )
600 Lexington Avenue |  | January 2018 |  | Office |  | 303,515 |  |  | 305.0 |  |  | 23.8 |
1515 Broadway (8) |  | December 2017 |  | Office |  | 1,750,000 |  |  | 1,950.0 |  |  | — |
125 Chubb Way |  | October 2017 |  | Office |  | 278,000 |  |  | 29.5 |  |  | (26.1 | )
16 Court Street |  | October 2017 |  | Office |  | 317,600 |  |  | 171.0 |  |  | 64.9 |
680-750 Washington Boulevard |  | July 2017 |  | Office |  | 325,000 |  |  | 97.0 |  |  | (44.2 | )
520 White Plains Road |  | April 2017 |  | Office |  | 180,000 |  |  | 21.0 |  |  | (14.6 | )
102 Greene Street (9) |  | April 2017 |  | Retail |  | 9,200 |  |  | 43.5 |  |  | 4.9 |
(1) | Sales price represents the gross sales price for a property or the gross asset valuation for interests in a property.
(2) | The gain on sale for 1640 Flatbush Avenue, 600 Lexington Avenue, 16 Court Street, and 102 Greene Street are net of $2.0 million, $1.3 million, $2.5 million, and $0.9 million, respectively, in employee compensation accrued in connection with the realization of these investment gains. Additionally, amounts do not include adjustments for expenses recorded in subsequent periods.
(3) | Suburban Properties consists of 360 Hamilton Avenue, 100 Summit Lake Drive, 200 Summit Lake Drive, and 500 Summit Lake Drive.
(4) | The Company sold a 49% interest, which resulted in the deconsolidation of our remaining 51% interest. We recorded our investment at fair value which resulted in the recognition of a fair value adjustment of $3.8 million, which is reflected in the Company's consolidated statements of operations within purchase price and other fair value adjustments. See Note 6, "Investments in Unconsolidated Joint Ventures."
(5) | In November 2018, the Company sold a 49% interest in 2 Herald Square to an Israeli institutional investor. See Note 6, "Investments in Unconsolidated Joint Ventures."
(6) | Upper East Side Assemblage consists of 260 East 72nd Street, 31,076 square feet of development rights, 252-254 East 72nd Street, 257 East 71st Street, 259 East 71st Street, and 1231 Third Avenue.
(7) | The Company recorded a $5.8 million charge in 2018 that is included in depreciable real estate reserves and impairment in the consolidated statement of operations.
(8) | In November 2017, the Company sold a 30.13% interest in 1515 Broadway to affiliates of Allianz Real Estate. At that time, the sale did not meet the criteria for sale accounting and as a result the property was accounted for under the profit sharing method. The Company achieved sale accounting upon adoption of ASC 610-20 in January 2018 and closed on the sale of an additional 12.87% interest in the property to Allianz in February 2018. See Note 6, "Investments in Unconsolidated Joint Ventures."
(9) | In April 2017, we closed on the sale of a 90% interest in 102 Greene Street and accounted for our retained 10% interest in the property as an investment in unconsolidated joint ventures. We sold the remaining 10% interest in September 2017. See Note 6, "Investments in Unconsolidated Joint Ventures."

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