XML 51 R41.htm IDEA: XBRL DOCUMENT
v3.22.2

Financial Instruments and Fair Values - Summary of the Terms of Agreements and the Fair Value of Derivative Financial Instruments (Details) - Designated as hedging instrument - Cash flow hedging - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021
--- | --- | ---
Derivatives, Fair Value [Line Items] |  |
Asset | $ 4,120 | $ 13
Liability | (5,612) | (25,308)
LIBOR | Interest Rate Swap, One Month LIBOR, 2.1485% |  |
Derivatives, Fair Value [Line Items] |  |
Notional Amount | $ 265,000 |
Pay Rate | 2.1485% |
Asset | $ 0 | 0
Liability | (98) | (3,184)
LIBOR | Interest Rate Swap, One Month LIBOR, 2.5000 %, Swap Number 1 |  |
Derivatives, Fair Value [Line Items] |  |
Notional Amount | $ 36,820 |
Receive Rate (as a percent) | 70.00% |
Pay Rate | 2.50% |
Asset | $ 0 | 0
Liability | (1,208) | (4,527)
LIBOR | Interest Rate Swap, One Month LIBOR, 2.5000 %, Swap Number 2 |  |
Derivatives, Fair Value [Line Items] |  |
Notional Amount | $ 103,790 |
Receive Rate (as a percent) | 70.00% |
Pay Rate | 2.50% |
Asset | $ 0 | 0
Liability | (4,306) | (15,945)
LIBOR | Interest Rate Swap, One Month LIBOR, 1.7570%, Interest Swap |  |
Derivatives, Fair Value [Line Items] |  |
Notional Amount | $ 10,710 |
Receive Rate (as a percent) | 70.00% |
Pay Rate | 1.757% |
Asset | $ 236 | 0
Liability |  | (754)
LIBOR | Interest Rate Swap, One Month LIBOR, 2.2540% |  |
Derivatives, Fair Value [Line Items] |  |
Notional Amount | $ 19,008 |
Pay Rate | 2.254% |
Asset | $ 492 | 0
Liability | 0 | (898)
LIBOR | Interest Rate Cap, One Month LIBOR, 4.5000% |  |
Derivatives, Fair Value [Line Items] |  |
Notional Amount | $ 6,780 |
Receive Rate (as a percent) | 70.00% |
Pay Rate | 4.50% |
Asset | $ 11 | 5
Liability | 0 | 0
LIBOR | Interest Rate Cap, One Month LIBOR, 5.5000% |  |
Derivatives, Fair Value [Line Items] |  |
Notional Amount | $ 9,188 |
Pay Rate | 5.50% |
Asset | $ 26 | 8
Liability | 0 | 0
SOFR | Interest Rate Swap, One Month SOFR, 2.5620% |  |
Derivatives, Fair Value [Line Items] |  |
Notional Amount | $ 175,000 |
Pay Rate | 2.562% |
Asset | $ 1,703 | 0
Liability | 0 | 0
SOFR | Interest Rate Swap, One Month SOFR, 2.6260% |  |
Derivatives, Fair Value [Line Items] |  |
Notional Amount | $ 107,500 |
Pay Rate | 2.626% |
Asset | $ 828 | 0
Liability | 0 | 0
SOFR | Interest Rate Swap, One Month SOFR, 2.6280% |  |
Derivatives, Fair Value [Line Items] |  |
Notional Amount | $ 107,500 |
Pay Rate | 2.628% |
Asset | $ 824 | 0
Liability | $ 0 | $ 0

X
- Definition Fair value of liability associated with financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (a),(c) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226003-175313 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 + Details
Name: | us-gaap_DerivativeAssetFairValueGrossLiability
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The percentage points added to the reference rate to compute the variable rate on the interest rate derivative. + References No definition available. + Details
Name: | us-gaap_DerivativeBasisSpreadOnVariableRate
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226052-175313 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226000-175313 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4D -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=121570589&loc=SL51823488-111719 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (a),(c) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
Name: | us-gaap_DerivativeFairValueOfDerivativeAsset
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fixed interest rate related to the interest rate derivative. + References No definition available. + Details
Name: | us-gaap_DerivativeFixedInterestRate
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Nominal or face amount used to calculate payments on the derivative liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 + Details
Name: | us-gaap_DerivativeLiabilityNotionalAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DerivativesFairValueLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=esrt_InterestRateSwapOneMonthLIBOR2.1485Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=esrt_InterestRateSwapOneMonthLIBOR25000SwapNumberOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=esrt_InterestRateSwapOneMonthLIBOR25000SwapNumberTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=esrt_InterestRateSwapOneMonthLIBOR17570InterestSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=esrt_InterestRateSwapOneMonthLIBOR22540Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=esrt_InterestRateCapOneMonthLIBOR45000Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=esrt_InterestRateCapOneMonthLIBOR55000Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=esrt_InterestRateSwapOneMonthSOFR25620Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=esrt_InterestRateSwapOneMonthSOFR26260Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=esrt_InterestRateSwapOneMonthSOFR26280Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |