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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Commercial real estate properties, at cost:    
Land $ 386,423 $ 386,423
Development costs 8,187 8,187
Building and improvements 3,430,812 3,392,043
Commercial real estate properties, at cost 3,825,422 3,786,653
Less: accumulated depreciation (1,306,924) (1,274,193)
Commercial real estate properties, net 2,518,498 2,512,460
Contract asset 0 170,419
Cash and cash equivalents 187,823 385,465
Restricted cash 49,589 43,837
Tenant and other receivables 29,071 31,427
Deferred rent receivables 252,299 247,754
Prepaid expenses and other assets 64,233 101,852
Deferred costs, net 181,802 183,987
Acquired below-market ground leases, net 311,452 313,410
Right of use assets 28,134 28,197
Goodwill 491,479 491,479
Total assets 4,114,380 4,510,287
Liabilities:    
Mortgage notes payable, net 691,816 692,176
Senior unsecured notes, net 1,097,212 1,197,061
Unsecured term loan facilities, net 268,807 268,731
Unsecured revolving credit facility 0 120,000
Debt associated with property in receivership 0 177,667
Accrued interest associated with property in receivership 0 5,433
Accounts payable and accrued expenses 135,298 132,016
Acquired below-market leases, net 18,306 19,497
Ground lease liabilities 28,134 28,197
Deferred revenue and other liabilities 61,888 62,639
Tenants’ security deposits 27,044 24,908
Total liabilities 2,328,505 2,728,325
Commitments and contingencies
Capital:    
Total Empire State Realty OP, L.P.'s capital 1,785,875 1,781,962
Non-controlling interest in other partnerships 0 0
Total capital 1,785,875 1,781,962
Total liabilities and capital 4,114,380 4,510,287
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 (2,787 and 2,742 general partner operating partnership units and 165,283 and 164,641 limited partner operating partnership units outstanding in 2025 and 2024, respectively) 1,032,060 1,030,696
Limited partner operating partnership units 714,575 711,904
Series ES Operating Partnership Units Limited Partners    
Capital:    
Limited partner operating partnership units 7,017 7,126
Series 60 Operating Partnership Units Limited Partners    
Capital:    
Limited partner operating partnership units 1,430 1,436
Series 250 Operating Partnership Units Limited Partners    
Capital:    
Limited partner operating partnership units $ 853 $ 860