XML 55 R40.htm IDEA: XBRL DOCUMENT
v3.25.2

Organization and Basis of Presentation (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Commercial Office Properties | On June 30, 2025, 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 |  | 16 |  |  | 9,788,852 |  |  | 10 |  |  | 13,560,633 |  |  | 26 |  |  | 23,349,485 |  |  | 90.4 | %
|  | Retail |  | 2 |  |  | 30,496 |  |  | — |  |  | — |  |  | 2 |  |  | 30,496 |  |  | 100.0 | %
|  | Development/Redevelopment |  | 2 |  | (2) | 844,845 |  |  | — |  |  | — |  |  | 2 |  |  | 844,845 |  |  | N/A
|  |  |  | 20 |  |  | 10,664,193 |  |  | 10 |  |  | 13,560,633 |  |  | 30 |  |  | 24,224,826 |  |  | 90.4 | %
Suburban |  | Office |  | 7 |  |  | 862,800 |  |  | — |  |  | — |  |  | 7 |  |  | 862,800 |  |  | 71.4 | %
Total commercial properties |  | 27 |  |  | 11,526,993 |  |  | 10 |  |  | 13,560,633 |  |  | 37 |  |  | 25,087,626 |  |  | 89.8 | %
Residential: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Manhattan |  | Residential |  | 1 |  | (2) | 140,382 |  |  | 1 |  |  | 221,884 |  |  | 2 |  |  | 362,266 |  |  | 99.8 | %
Total core portfolio |  | 28 |  |  | 11,667,375 |  |  | 11 |  |  | 13,782,517 |  |  | 39 |  |  | 25,449,892 |  |  | 89.9 | %
|  | Alternative Strategy Portfolio |  | — |  |  | — |  |  | 7 |  |  | 2,567,025 |  |  | 7 |  |  | 2,567,025 |  |  | 59.3 | %
(1)The weighted average leased occupancy for commercial properties represents the total leased square feet 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 June 30, 2025, 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.

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

X
- Definition Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration