XML 42 R28.htm IDEA: XBRL DOCUMENT v3.25.0.1
Acquisitions and Dispositions (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination and Dispositions [Abstract]  
Schedule of Properties Acquired
The following table summarizes properties acquired during the years ended December 31, 2024, 2023, and 2022 (amounts in thousands):
Intangibles
PropertyDate AcquiredLandBuilding and ImprovementsAssetsLiabilitiesTotal
The North 6th Street Collection(1)
September 2024-October 2024$44,924 $146,826 $10,984 $(9,664)$193,070 
The North 6th Street Collection(2)
9/14/20234,851 20,936 1,573 (300)27,060 
298 Mulberry Street, Manhattan(3)
12/20/202240,935 69,508 5,300 (150)115,593 
(1) Includes nine retail properties on North 6th Street in Williamsburg, Brooklyn. Includes capitalized transaction costs of $(1.9) million, net of certain closing credits.
(2) Includes two retail properties near the Wythe Avenue and North 6th Street corner in Williamsburg, Brooklyn. Includes total capitalized transaction costs of $0.7 million.
(3) Includes total capitalized transaction costs of $0.8 million.
Schedule of Properties Disposed
The following table summarizes properties disposed of during the years ended December 31, 2024, 2023 and 2022 (amounts in thousands):
PropertyDate of DisposalSales PriceGain on Disposition
First Stamford Place, Stamford, Connecticut(1)
5/22/2024$165,807 $13,302 
500 Mamaroneck Avenue, Harrison, New York(2)
4/5/202353,000 11,075 
69-97 and 103-107 Main Street, Westport, Connecticut2/1/202340,000 15,689 
10 Bank Street, White Plains, New York12/7/202242,000 6,818 
383 Main Avenue, Norwalk, Connecticut(1)
4/1/202230,000 27,170 
(1) We transferred the First Stamford Place and 383 Main Avenue, which were encumbered by mortgages and other debt obligations of $165.8 million and $30.0 million, respectively, back to the respective lenders in consensual foreclosures and recognized non-cash gains upon the dispositions.
(2) The gain is net of approximately $4.5 million of post-closing costs we accrued related to our commitment to reimburse the buyer for a lease that did not occur. We funded the buyer for these costs and we have no further obligations or contingencies related to this property.