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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Commercial real estate properties, at cost:    
Land $ 366,357 $ 366,357
Development costs 8,187 8,178
Building and improvements 3,327,773 3,280,657
Commercial real estate properties, at cost 3,702,317 3,655,192
Less: accumulated depreciation (1,288,519) (1,250,062)
Commercial real estate properties, net 2,413,798 2,405,130
Cash and cash equivalents 333,573 346,620
Restricted cash 51,738 60,336
Tenant and other receivables 40,137 39,836
Deferred rent receivables 257,266 255,628
Prepaid expenses and other assets 74,472 98,167
Deferred costs, net 180,462 172,457
Acquired below-market ground leases, net 319,284 321,241
Right of use assets 28,378 28,439
Goodwill 491,479 491,479
Total assets 4,190,587 4,219,333
Liabilities:    
Mortgage notes payable, net 876,497 877,388
Senior unsecured notes, net 973,926 973,872
Unsecured term loan facilities, net 268,503 389,286
Unsecured revolving credit facility 120,000 0
Accounts payable and accrued expenses 91,005 99,756
Acquired below-market leases, net 12,798 13,750
Ground lease liabilities 28,378 28,439
Deferred revenue and other liabilities 69,289 70,298
Tenants’ security deposits 25,457 35,499
Total liabilities 2,465,853 2,488,288
Commitments and contingencies
Capital:    
Total Empire State Realty OP, L.P.'s capital 1,724,734 1,715,638
Non-controlling interest in other partnerships 0 15,407
Total capital 1,724,734 1,731,045
Total liabilities and capital 4,190,587 4,219,333
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 partner's capital (2,740 and 2,709 general partner operating partnership units and 162,058 and 160,337 limited partner operating partnership units outstanding in 2024 and 2023, respectively) 996,122 985,518
Limited partner operating partnership units 692,575 694,512
Series ES Operating Partnership Units Limited Partners    
Capital:    
Limited partner operating partnership units 4,722 4,427
Series 60 Operating Partnership Units Limited Partners    
Capital:    
Limited partner operating partnership units 863 779
Series 250 Operating Partnership Units Limited Partners    
Capital:    
Limited partner operating partnership units $ 512 $ 462