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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Commercial real estate properties, at cost:    
Land $ 366,357 $ 365,540
Development costs 8,178 8,166
Building and improvements 3,280,657 3,177,743
Commercial real estate properties, at cost, gross 3,655,192 3,551,449
Less: accumulated depreciation (1,250,062) (1,137,267)
Commercial real estate properties, net 2,405,130 2,414,182
Assets held for sale 0 35,538
Cash and cash equivalents 346,620 264,434
Restricted cash 60,336 50,244
Tenant and other receivables 39,836 24,102
Deferred rent receivables 255,628 240,188
Prepaid expenses and other assets 98,167 98,114
Deferred costs, net 172,457 187,570
Acquired below-market ground leases, net 321,241 329,073
Right of use assets 28,439 28,670
Goodwill 491,479 491,479
Total assets 4,219,333 4,163,594
Liabilities:    
Mortgage notes payable, net 877,388 883,705
Senior unsecured notes, net 973,872 973,659
Unsecured term loan facilities, net 389,286 388,773
Unsecured revolving credit facility 0 0
Accounts payable and accrued expenses 99,756 80,729
Acquired below-market leases, net 13,750 17,849
Ground lease liabilities 28,439 28,670
Deferred revenue and other liabilities 70,298 76,091
Tenants’ security deposits 35,499 25,084
Liabilities related to assets held for sale 0 5,943
Total liabilities 2,488,288 2,480,503
Commitments and contingencies
Capital:    
Total Empire State Realty OP, L.P.'s capital 1,715,638 1,667,625
Non-controlling interest in other partnerships 15,407 15,466
Total capital 1,731,045 1,683,091
Total liabilities and capital 4,219,333 4,163,594
Private Perpetual Preferred Units, Series 2019    
Capital:    
Private perpetual preferred units 21,936 21,936
Private Perpetual Preferred Units, Series 2014    
Capital:    
Private perpetual preferred units 8,004 8,004
Series PR Operating Partnership Units    
Capital:    
ESRT partners' capital (2,709 and 2,710 general partner operating partnership units and 160,337 and 158,420 limited partner operating partnership units outstanding at December 31, 2023 and 2022, respectively) 985,518 954,375
Limited partner operating partnership units 694,512 681,827
Series ES Operating Partnership Units Limited Partners    
Capital:    
Limited partner operating partnership units 4,427 1,391
Series 60 Operating Partnership Units Limited Partners    
Capital:    
Limited partner operating partnership units 779 16
Series 250 Operating Partnership Units Limited Partners    
Capital:    
Limited partner operating partnership units $ 462 $ 76