XML 31 R16.htm IDEA: XBRL DOCUMENT
v3.20.2

Properties Held for Sale and Property Dispositions | 9 Months Ended
--- | ---
Sep. 30, 2020
Discontinued Operations and Disposal Groups [Abstract] |
Properties Held for Sale and Property Dispositions | Properties Held for Sale and Property Dispositions Properties Held for Sale As of September 30, 2020, no properties were classified as held for sale. Property Dispositions The following table summarizes the properties sold during the nine months ended September 30, 2020:
Property |  | Disposition Date |  | Property Type |  | Approximate Square Feet |  | Sales Price(1) (in millions) |  | Gain (loss)(2) (in millions)
315 West 33rd Street - "The Olivia" |  | March 2020 |  | Fee Interest |  | 492,987 |  |  | $ | 446.5 |  |  | $ | 72.3 |
609 Fifth Avenue Retail Condominium |  | May 2020 |  | Fee Interest |  | 21,437 |  |  | 168.0 |  |  | 65.4 |
400 East 58th Street |  | September 2020 |  | Fee Interest |  | 140,000 |  |  | 62.0 |  |  | 8.3 |
(1)Sales price represents the gross sales price for a property or the gross asset valuation for interests in a property. (2)The gains on sale for 315 West 33rd Street - "The Olivia" and 609 Fifth Avenue Retail Condominium are net of $6.0 million and $2.0 million, respectively, of employee compensation accrued in connection with the realization of these investment gains. Additionally, amounts do not include adjustments for expenses recorded in subsequent periods.

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration