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Debt (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Summary of Outstanding Debt | The following table summarizes our consolidated outstanding debt.
|  | Paramount |  | Maturity |  | Fixed/ |  | Interest Rate as of |  | As of December 31, |
(Amounts in thousands) |  | Ownership |  | Date |  | Variable Rate |  | December 31, 2024 |  | 2024 |  |  | 2023 |
Notes and mortgages payable: |  |  |  |  |  |  |  |  |  |
1633 Broadway |  | 90.0% |  | Dec-2029 |  | Fixed |  | 2.99% |  | $ | 1,250,000 |  |  | $ | 1,250,000 |
One Market Plaza |  | 49.0% |  | Feb-2027 |  | Fixed |  | 4.08% |  |  | 850,000 |  |  |  | 975,000 |
1301 Avenue of the Americas |  | 100.0% |  | Aug-2026 |  | SOFR + 277 bps (1) |  | 6.27% |  |  | 860,000 |  |  |  | 860,000 |
31 West 52nd Street |  | 100.0% |  | Jun-2026 |  | Fixed |  | 3.80% |  |  | 500,000 |  |  |  | 500,000 |
300 Mission Street |  | 31.1% |  | Oct-2026 |  | Fixed |  | 4.50% |  |  | 232,050 |  |  |  | 232,050 |
Total notes and mortgages payable |  | 4.21% |  |  | 3,692,050 |  |  |  | 3,817,050 |
Less: unamortized deferred financing costs |  |  |  |  | (15,420 | ) |  |  | (13,566 | )
Total notes and mortgages payable, net |  |  |  | $ | 3,676,630 |  |  | $ | 3,803,484 |
Revolving Credit Facility |  | 100.0% |  | Mar-2026 |  | SOFR + 135 bps |  | n/a |  | $ | - |  |  | $ | - |
(1) Represents variable rate loans, where SOFR has been capped at 3.50% through August 2025. See Note 8, Derivative Instruments and Hedging Activities.
Summary of Principal Repayments Required For Notes and Mortgages Payable and Revolving Credit Facility | The following table summarizes the principal repayments required for the next five years and thereafter in connection with our consolidated notes and mortgages payable and revolving credit facility as of December 31, 2024.
|  |  |  |  | Notes and |  |  | Revolving |
(Amounts in thousands) |  | Total |  |  | Mortgages Payable |  |  | Credit Facility |
2025 |  | $ | - |  |  | $ | - |  |  | $ | - |
2026 |  |  | 1,592,050 |  |  |  | 1,592,050 |  |  |  | - |
2027 |  |  | 850,000 |  |  |  | 850,000 |  |  |  | - |
2028 |  |  | - |  |  |  | - |  |  |  | - |
2029 |  |  | 1,250,000 |  |  |  | 1,250,000 |  |  |  | - |
Thereafter |  |  | - |  |  |  | - |  |  |  | - |

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