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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Commercial real estate properties, at cost:    
Land $ 386,423 $ 366,357
Development costs 8,187 8,178
Building and improvements 3,392,043 3,280,657
Commercial real estate properties, at cost, 3,786,653 3,655,192
Less: accumulated depreciation (1,274,193) (1,250,062)
Commercial real estate properties, net 2,512,460 2,405,130
Contract asset 170,419 0
Cash and cash equivalents 385,465 346,620
Restricted cash 43,837 60,336
Tenant and other receivables 31,427 39,836
Deferred rent receivables 247,754 255,628
Prepaid expenses and other assets 101,852 98,167
Deferred costs, net 183,987 172,457
Acquired below-market ground leases, net 313,410 321,241
Right of use assets 28,197 28,439
Goodwill 491,479 491,479
Total assets 4,510,287 4,219,333
Liabilities:    
Mortgage notes payable, net 692,176 877,388
Senior unsecured notes, net 1,197,061 973,872
Unsecured term loan facilities, net 268,731 389,286
Unsecured revolving credit facility 120,000 0
Debt associated with property in receivership 177,667 0
Accrued interest associated with property in receivership 5,433 0
Accounts payable and accrued expenses 132,016 99,756
Acquired below-market leases, net 19,497 13,750
Ground lease liabilities 28,197 28,439
Deferred revenue and other liabilities 62,639 70,298
Tenants’ security deposits 24,908 35,499
Total liabilities 2,728,325 2,488,288
Commitments and contingencies
Capital:    
Total Empire State Realty OP, L.P.'s capital 1,781,962 1,715,638
Non-controlling interest in other partnerships 0 15,407
Total capital 1,781,962 1,731,045
Total liabilities and capital 4,510,287 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 partners' capital (2,742 and 2,709 general partner operating partnership units and 164,641 and 160,337 limited partner operating partnership units outstanding at December 31, 2024 and 2023, respectively) 1,030,696 985,518
Limited partner operating partnership units 711,904 694,512
Series ES Operating Partnership Units Limited Partners    
Capital:    
Limited partner operating partnership units 7,126 4,427
Series 60 Operating Partnership Units Limited Partners    
Capital:    
Limited partner operating partnership units 1,436 779
Series 250 Operating Partnership Units Limited Partners    
Capital:    
Limited partner operating partnership units $ 860 $ 462