Organization and Basis of Presentation (Tables)

9 Months Ended

Sep. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Commercial Office Properties

On September 30, 2024, we owned the following interests in properties in the New York metropolitan area, primarily in midtown Manhattan. Our investments located outside of Manhattan are referred to as the Suburban properties:


		Consolidated			Unconsolidated		Total
Location	Property Type	Number of Buildings		Approximate Square Feet (unaudited)	Number of Buildings	Approximate Square Feet (unaudited)	Number of Buildings	Approximate Square Feet (unaudited)	Weighted Average Leased Occupancy (1) (unaudited)
Commercial:
Manhattan	Office	14		8,753,441	10	13,009,149	24	21,762,590	89.9	%
	Retail	1		22,648	1	12,946	2	35,594	100.0	%
	Development/Redevelopment	2	(2)	880,771	1	1,385,484	3	2,266,255	N/A

		17		9,656,860	12	14,407,579	29	24,064,439	89.9	%
Suburban	Office	7		862,800	—	—	7	862,800	73.6	%



Total commercial properties		24		10,519,660	12	14,407,579	36	24,927,239	89.3	%
Residential:
Manhattan	Residential	1	(2)	140,382	1	221,884	2	362,266	99.0	%

Total core portfolio		25		10,660,042	13	14,629,463	38	25,289,505	89.4	%

	Alternative Strategy Portfolio (3)	1		7,848	8	3,694,956	9	3,702,804	49.4	%

(1)The weighted average leased occupancy for commercial properties represents the total leased square footage divided by the total square footage at acquisition. The weighted average leased occupancy for residential properties represents the total leased units divided by the total available units. Properties under construction are not included in the calculation of weighted average leased occupancy.

(2)As of September 30, 2024, we owned a building at 7 Dey Street / 185 Broadway that was comprised of approximately 140,382 square feet (unaudited) of residential space and approximately 50,206 square feet (unaudited) of office and retail space that is under development. For the purpose of this report, we have included this building in the number of residential properties we own. However, we have included only the residential square footage in the residential approximate square footage, and have listed the balance of the square footage as development square footage.

(3)Represents non-core assets.