XML 12 R39.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Debt - Secured Revolving and Term Credit Facility (Details) (USD $) | 0 Months Ended |  |  |
--- | --- | --- | --- | ---
Jan. 23, 2015 | Mar. 31, 2015 | Jan. 23, 2015 option | Dec. 31, 2014
Line of Credit Facility [Line Items] |  |  |  |
Term loan and credit facility |  | $ 0 us-gaap_LineOfCredit |  | $ 470,000,000 us-gaap_LineOfCredit
Secured Revolving and Term Credit Facility [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Write off of Deferred Debt Issuance Cost | 1,300,000 us-gaap_WriteOffOfDeferredDebtIssuanceCost / us-gaap_CreditFacilityAxis = esrt_SecuredRevolvingandTermCreditFacilityMember |  |  |
Unsecured Revolving Credit Facility [Member] | Revolving Credit Facility [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Current borrowing capacity | 800,000,000 us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_DebtInstrumentAxis = esrt_UnsecuredRevolvingCreditFacilityMember |  | 800,000,000 us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_DebtInstrumentAxis = esrt_UnsecuredRevolvingCreditFacilityMember |
Maximum borrowing capacity | 1,250,000,000 us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_DebtInstrumentAxis = esrt_UnsecuredRevolvingCreditFacilityMember |  | 1,250,000,000 us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_DebtInstrumentAxis = esrt_UnsecuredRevolvingCreditFacilityMember |
Term loan and credit facility |  | 165,000,000 us-gaap_LineOfCredit / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_DebtInstrumentAxis = esrt_UnsecuredRevolvingCreditFacilityMember |  | 0 us-gaap_LineOfCredit / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_DebtInstrumentAxis = esrt_UnsecuredRevolvingCreditFacilityMember
Debt Instrument, Option to Extend, Number | 2 esrt_DebtInstrumentOptiontoExtendNumber / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_DebtInstrumentAxis = esrt_UnsecuredRevolvingCreditFacilityMember |  | 2 esrt_DebtInstrumentOptiontoExtendNumber / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_DebtInstrumentAxis = esrt_UnsecuredRevolvingCreditFacilityMember |
Extension period | 6 months |  |  |
Extension fee percent of outstanding commitments under revolving credit facility | 0.075%esrt_LineofCreditFacilityExtensionFeePercentofOutstandingCommitmentsUnderRevolvingCreditFacility / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_DebtInstrumentAxis = esrt_UnsecuredRevolvingCreditFacilityMember |  |  |
Line of Credit Facility, Covenant Compliance, Maximum Leverage Ratio | 60.00%esrt_LineofCreditFacilityCovenantComplianceMaximumLeverageRatio / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_DebtInstrumentAxis = esrt_UnsecuredRevolvingCreditFacilityMember |  |  |
Line of Credit Facility, Covenant Compliance, Maximum Consolidated Secured Indebtedness to Asset Value | 40.00%esrt_LineofCreditFacilityCovenantComplianceMaximumConsolidatedSecuredIndebtednesstoAssetValue / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_DebtInstrumentAxis = esrt_UnsecuredRevolvingCreditFacilityMember |  |  |
Line of Credit Facility, Covenant Compliance, Minimum Tangible Net Worth | 745,400,000.0 esrt_LineofCreditFacilityCovenantComplianceMinimumTangibleNetWorth / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_DebtInstrumentAxis = esrt_UnsecuredRevolvingCreditFacilityMember |  | 745,400,000.0 esrt_LineofCreditFacilityCovenantComplianceMinimumTangibleNetWorth / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_DebtInstrumentAxis = esrt_UnsecuredRevolvingCreditFacilityMember |
Line of Credit Facility, Covenant Compliance, Tangible Net Worth. Minimum Percent of Net Equity Proceeds Received | 75.00%esrt_LineofCreditFacilityCovenantComplianceTangibleNetWorth.MinimumPercentofNetEquityProceedsReceived / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_DebtInstrumentAxis = esrt_UnsecuredRevolvingCreditFacilityMember |  |  |
Line of Credit Facility, Covenant Compliance, Minimum Adjusted EBITDA to Consolidated Fixed Charges | 1.50 esrt_LineofCreditFacilityCovenantComplianceMinimumAdjustedEBITDAtoConsolidatedFixedCharges / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_DebtInstrumentAxis = esrt_UnsecuredRevolvingCreditFacilityMember |  |  |
Line of Credit Facility, Covenant Compliance, Minimum Net Operating Income to Unsecured Debt | 1.75 esrt_LineofCreditFacilityCovenantComplianceMinimumNetOperatingIncometoUnsecuredDebt / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_DebtInstrumentAxis = esrt_UnsecuredRevolvingCreditFacilityMember |  |  |
Line of Credit Facility, Covenant Compliance, Maximum Ratio of Unsecured Debt to Unencumbered Asset Value | 60.00%esrt_LineofCreditFacilityCovenantComplianceMaximumRatioofUnsecuredDebttoUnencumberedAssetValue / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_DebtInstrumentAxis = esrt_UnsecuredRevolvingCreditFacilityMember |  |  |
Line of Credit Facility, Covenant Compliance, Maximum Consolidated Secured Recourse Debt to Asset Value | 10.00%esrt_LineofCreditFacilityCovenantComplianceMaximumConsolidatedSecuredRecourseDebttoAssetValue / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_DebtInstrumentAxis = esrt_UnsecuredRevolvingCreditFacilityMember |  |  |
Unsecured Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Eurodollar [Member] | Minimum [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Basis spread on variable rate | 0.875%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_DebtInstrumentAxis = esrt_UnsecuredRevolvingCreditFacilityMember / us-gaap_RangeAxis = us-gaap_MinimumMember / us-gaap_VariableRateAxis = us-gaap_EurodollarMember |  |  |
Unsecured Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Eurodollar [Member] | Maximum [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Basis spread on variable rate | 1.60%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_DebtInstrumentAxis = esrt_UnsecuredRevolvingCreditFacilityMember / us-gaap_RangeAxis = us-gaap_MaximumMember / us-gaap_VariableRateAxis = us-gaap_EurodollarMember |  |  |
Unsecured Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Base Rate [Member] | Minimum [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Basis spread on variable rate | 0.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_DebtInstrumentAxis = esrt_UnsecuredRevolvingCreditFacilityMember / us-gaap_RangeAxis = us-gaap_MinimumMember / us-gaap_VariableRateAxis = us-gaap_BaseRateMember |  |  |
Unsecured Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Base Rate [Member] | Maximum [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Basis spread on variable rate | 0.60%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_DebtInstrumentAxis = esrt_UnsecuredRevolvingCreditFacilityMember / us-gaap_RangeAxis = us-gaap_MaximumMember / us-gaap_VariableRateAxis = us-gaap_BaseRateMember |  |  |
Secured Revolving and Term Credit Facility [Member] | Revolving Credit Facility [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Term loan and credit facility |  |  |  | $ 470,000,000 us-gaap_LineOfCredit / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember / us-gaap_DebtInstrumentAxis = esrt_SecuredRevolvingandTermCreditFacilityMember

X
- Definition Debt Instrument, Option to Extend, Number + References No definition available. + Details
Name: | esrt_DebtInstrumentOptiontoExtendNumber
Namespace Prefix: | esrt_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line of Credit Facility, Covenant Compliance, Maximum Consolidated Secured Indebtedness to Asset Value + References No definition available. + Details
Name: | esrt_LineofCreditFacilityCovenantComplianceMaximumConsolidatedSecuredIndebtednesstoAssetValue
Namespace Prefix: | esrt_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line of Credit Facility, Covenant Compliance, Maximum Consolidated Secured Recourse Debt to Asset Value + References No definition available. + Details
Name: | esrt_LineofCreditFacilityCovenantComplianceMaximumConsolidatedSecuredRecourseDebttoAssetValue
Namespace Prefix: | esrt_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line of Credit Facility, Covenant Compliance, Maximum Leverage Ratio + References No definition available. + Details
Name: | esrt_LineofCreditFacilityCovenantComplianceMaximumLeverageRatio
Namespace Prefix: | esrt_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line of Credit Facility, Covenant Compliance, Maximum Ratio of Unsecured Debt to Unencumbered Asset Value + References No definition available. + Details
Name: | esrt_LineofCreditFacilityCovenantComplianceMaximumRatioofUnsecuredDebttoUnencumberedAssetValue
Namespace Prefix: | esrt_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line of Credit Facility, Covenant Compliance, Minimum Adjusted EBITDA to Consolidated Fixed Charges + References No definition available. + Details
Name: | esrt_LineofCreditFacilityCovenantComplianceMinimumAdjustedEBITDAtoConsolidatedFixedCharges
Namespace Prefix: | esrt_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line of Credit Facility, Covenant Compliance, Minimum Net Operating Income to Unsecured Debt + References No definition available. + Details
Name: | esrt_LineofCreditFacilityCovenantComplianceMinimumNetOperatingIncometoUnsecuredDebt
Namespace Prefix: | esrt_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line of Credit Facility, Covenant Compliance, Minimum Tangible Net Worth + References No definition available. + Details
Name: | esrt_LineofCreditFacilityCovenantComplianceMinimumTangibleNetWorth
Namespace Prefix: | esrt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Line of Credit Facility, Covenant Compliance, Tangible Net Worth. Minimum Percent of Net Equity Proceeds Received + References No definition available. + Details
Name: | esrt_LineofCreditFacilityCovenantComplianceTangibleNetWorth.MinimumPercentofNetEquityProceedsReceived
Namespace Prefix: | esrt_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line of Credit Facility, Extension Fee, Percent of Outstanding Commitments Under Revolving Credit Facility + References No definition available. + Details
Name: | esrt_LineofCreditFacilityExtensionFeePercentofOutstandingCommitmentsUnderRevolvingCreditFacility
Namespace Prefix: | esrt_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line of Credit Facility, Extension Period + References No definition available. + Details
Name: | esrt_LineofCreditFacilityExtensionPeriod
Namespace Prefix: | esrt_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
Name: | us-gaap_LineOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_LineOfCreditFacilityLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Write-off of amounts previously capitalized as debt issuance cost in an extinguishment of debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.8) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_WriteOffOfDeferredDebtIssuanceCost
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_CreditFacilityAxis=esrt_SecuredRevolvingandTermCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=esrt_SecuredRevolvingandTermCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=esrt_UnsecuredRevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |