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Notes and Mortgages Payable | 3 Months Ended
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Mar. 31, 2012
Notes and Mortgages Payable [Abstract] |
Notes and Mortgages Payable [Text Block] | 5. Notes and Mortgages Payable The following is a summary of our outstanding notes and mortgage s payable. We may refinance our maturing debt as it comes due or choose to repay it at maturity.
|  |  |  |  |  |  |  | Balance at |
|  |  |  | Interest Rate at |  |  | March 31, |  | December 31, |
(Amounts in thousands) | Maturity |  | March 31, 2012 |  |  | 2012 |  | 2011 |
First mortgage, secured by the Rego Park I |  |  |  |  |  |  |  |  |  |  |  |
| Shopping Center (100% cash collateralized) | Mar. 2013 |  | 0.50 | % |  |  | $ | 78,246 |  | $ | 78,246 |
First mortgage, secured by the office space |  |  |  |  |  |  |  |  |  |  |  |
| at the Lexington Avenue property | Feb. 2014 |  | 5.33 | % |  |  |  | 336,812 |  |  | 339,890 |
First mortgage, secured by the retail space |  |  |  |  |  |  |  |  |  |  |  |
| at the Lexington Avenue property(1) | Jul. 2015 |  | 4.93 | % |  |  |  | 320,000 |  |  | 320,000 |
First mortgage, secured by the Kings Plaza |  |  |  |  |  |  |  |  |  |  |  |
| Regional Shopping Center(2) | Jun. 2016 |  | 1.94 | % |  |  |  | 250,000 |  |  | 250,000 |
First mortgage, secured by the Paramus property | Oct. 2018 |  | 2.90 | % |  |  |  | 68,000 |  |  | 68,000 |
First mortgage, secured by the |  |  |  |  |  |  |  |  |  |  |  |
| Rego Park II Shopping Center(3) | Nov. 2018 |  | 2.09 | % |  |  |  | 274,176 |  |  | 274,796 |
|  |  |  |  |  |  |  | $ | 1,327,234 |  | $ | 1,330,932 |
___________________ |  |  |  |  |  |  |  |  |  |  |  |
(1) | In the event of a substantial casualty, as defined, up to $75,000 of this loan may become recourse to us. |
(2) | This loan bears interest at LIBOR plus 1.70%. |
(3) | This loan bears interest at LIBOR plus 1.85%. |

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 + Details
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