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Mortgages and Other Loans Payable (Tables) | 9 Months Ended
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Sep. 30, 2021
Mortgages and Other Loans Payable |
Schedule of first mortgages and other loans payable collateralized by the respective properties and assignment of leases | The mortgages and other loans payable collateralized by the respective properties and assignment of leases or debt investments as of September 30, 2021 and December 31, 2020, respectively, were as follows (dollars in thousands):
Property |  | Current Maturity Date | Final Maturity Date (1) |  | Interest Rate (2) |  | September 30, 2021 |  | December 31, 2020
Fixed Rate Debt: |  |  |  |  |  |  |  |  |  |
100 Church Street |  | July 2022 | July 2022 |  |  | 4.68% |  | $ | 201,405 |  |  | $ | 204,875 |
420 Lexington Avenue |  | October 2024 | October 2040 |  |  | 3.99% |  | 290,032 |  |  | 294,035 |
Landmark Square |  | January 2027 | January 2027 |  |  | 4.90% |  | 100,000 |  |  | 100,000 |
485 Lexington Avenue |  | February 2027 | February 2027 |  |  | 4.25% |  | 450,000 |  |  | 450,000 |
1080 Amsterdam (3) |  | February 2027 | February 2027 |  |  | 3.59% |  | 34,716 |  |  | 34,773 |
Total fixed rate debt |  |  |  |  |  |  |  | $ | 1,076,153 |  |  | $ | 1,083,683 |
Floating Rate Debt: |  |  |  |  |  |  |  |  |  |
185 Broadway (4) |  | November 2021 | November 2023 |  | L+ | 2.85% |  | $ | 189,699 |  |  | $ | 158,478 |
609 Fifth Avenue |  | March 2022 | March 2025 |  | L+ | 2.95% |  | 52,882 |  |  | 57,651 |
719 Seventh Avenue |  | September 2023 | September 2023 |  | L+ | 1.20% |  | 50,000 |  |  | 50,000 |
690 Madison Avenue |  | July 2024 | July 2025 |  | L+ | 1.00% |  | 60,000 |  |  | — |
220 East 42nd Street (5) |  |  |  |  |  |  |  | — |  |  | 510,000 |
133 Greene Street |  |  |  |  |  |  |  | — |  |  | 15,523 |
106 Spring Street |  |  |  |  |  |  |  | — |  |  | 38,025 |
FHLB Facility |  |  |  |  |  |  |  | — |  |  | 10,000 |
FHLB Facility |  |  |  |  |  |  |  | — |  |  | 15,000 |
FHLB Facility |  |  |  |  |  |  |  | — |  |  | 35,000 |
712 Madison Avenue |  |  |  |  |  |  |  | — |  |  | 28,000 |
2017 Master Repurchase Agreement (6) |  |  |  |  |  |  |  | — |  |  | — |
Total floating rate debt |  |  |  |  |  |  |  | $ | 352,581 |  |  | $ | 917,677 |
Total mortgages and other loans payable |  |  |  |  |  |  |  | $ | 1,428,734 |  |  | $ | 2,001,360 |
Deferred financing costs, net of amortization |  |  |  |  |  |  |  | (6,447) |  |  | (21,388) |
Total mortgages and other loans payable, net |  |  |  |  |  |  |  | $ | 1,422,287 |  |  | $ | 1,979,972 |
(1)Reflects exercise of all available options. The ability to exercise extension options may be subject to certain tests based on the operating performance of the property. (2)Interest rate as of September 30, 2021, taking into account interest rate hedges in effect during the period. Floating rate debt is presented with the stated spread over the 30-day LIBOR, unless otherwise specified. (3)The loan is comprised of a $33.9 million mortgage loan and $0.9 million mezzanine loan with a fixed interest rate of 350 basis points and 700 basis points, respectively, for the first five years and is prepayable without penalty at the end of fifth year. (4)This loan is a $225.0 million construction facility, with reductions in interest cost based on meeting certain conditions, and has an initial three year term with two one year extension options. In October 2021, an extension option was exercised, and the maturity date of this loan was extended by one year. Advances under the loan are subject to incurred costs and funded equity requirements. (5)In July 2021, the Company sold a 49% interest in the property. See Note 4, "Property Dispositions." (6)In June 2021, we exercised a one year extension option which extended the maturity date to June 2022. As of September 30, 2021, there was no outstanding balance on the $400 million facility.

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