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Schedule III: Real Estate and Accumulated Depreciation | 12 Months Ended
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Dec. 31, 2015
Schedule III: Real Estate and Accumulated Depreciation Disclosure [Abstract] |
Schedule III: Real Estate and Accumulated Depreciation |
ALEXANDER’S, INC. AND SUBSIDIARIES
SCHEDULE III
REAL ESTATE AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2015
(Amounts in thousands)
COLUMN A | COLUMN B | COLUMN C |  | COLUMN D |  | COLUMN E |  | COLUMN F |  | COLUMN G | COLUMN H | COLUMN I
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Gross Amount at Which |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  | Carried at Close of Period |  |  |  |  |  |  |  | Depreciation
|  |  |  |  |  |  | Initial Cost to Company(2) |  | Costs |  |  |  |  |  |  |  | Development |  |  |  |  | Accumulated |  |  |  | in Latest
|  |  |  |  |  |  |  |  |  | Buildings |  | Capitalized |  |  |  |  | Buildings |  |  | and |  |  |  |  | Depreciation |  |  |  | Income
|  |  |  |  |  |  |  |  |  | and Leasehold |  | Subsequent |  |  |  |  | and Leasehold |  | Construction |  |  |  |  | and |  | Date of | Date |  | Statement
Description | Encumbrances(1) |  | Land |  | Improvements |  | to Acquisition |  | Land |  | Improvements |  | In Progress |  | Total(3) |  | Amortization |  | Construction | Acquired(2) |  | is Computed
| New York, NY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Rego Park I | $ | 78,246 |  | $ | 1,647 |  | $ | 8,953 |  | $ | 51,942 |  | $ | 1,647 |  | $ | 60,512 |  | $ | 383 |  | $ | 62,542 |  | $ | 29,377 |  | 1959 | 1992 |  | 3-39 years
|  | Rego Park II |  | 263,341 |  |  | 3,127 |  |  | 1,467 |  |  | 385,499 |  |  | 3,127 |  |  | 386,582 |  |  | 384 |  |  | 390,093 |  |  | 63,373 |  | 2009 | 1992 |  | 3-40 years
|  | The Alexander apartment tower |  | - |  |  | - |  |  | - |  |  | 117,788 |  |  | - |  |  | 111,027 |  |  | 6,761 |  |  | 117,788 |  |  | 1,856 |  | N/A | 1992 |  | 3-39 years
|  | Rego Park III |  | - |  |  | 779 |  |  | - |  |  | 2,462 |  |  | 779 |  |  | 504 |  |  | 1,958 |  |  | 3,241 |  |  | 158 |  | N/A | 1992 |  | 5-15 years
|  | Flushing |  | - |  |  | - |  |  | 1,660 |  |  | (107) |  |  | - |  |  | 1,553 |  |  | - |  |  | 1,553 |  |  | 850 |  | 1975(4) | 1992 |  | N/A
|  | Lexington Avenue |  | 650,000 |  |  | 14,432 |  |  | 12,355 |  |  | 415,547 |  |  | 27,497 |  |  | 414,837 |  |  | - |  |  | 442,334 |  |  | 129,919 |  | 2003 | 1992 |  | 9-39 years
| Paramus, NJ |  | 68,000 |  |  | 1,441 |  |  | - |  |  | 10,313 |  |  | 11,754 |  |  | - |  |  | - |  |  | 11,754 |  |  | - |  | N/A | 1992 |  | N/A
| Other Properties |  | - |  |  | 167 |  |  | 1,804 |  |  | (1,804) |  |  | 167 |  |  | - |  |  | - |  |  | 167 |  |  | - |  | N/A | 1992 |  | N/A
TOTAL | $ | 1,059,587 |  | $ | 21,593 |  | $ | 26,239 |  | $ | 981,640 |  | $ | 44,971 |  | $ | 975,015 |  | $ | 9,486 |  | $ | 1,029,472 |  | $ | 225,533 |  |  |  |  |
|  | __________________________
(1) | Excludes deferred debt issuance costs, net of $6,325.
(2) | Initial cost is as of May 15, 1992 (the date on which the Company commenced its real estate operations).
(3) | The net basis of the Company’s assets and liabilities for tax purposes is approximately $200,876,000 lower than the amount reported for financial statement purposes.
(4) | Represents the date the lease was acquired.
ALEXANDER’S, INC. AND SUBSIDIARIES
SCHEDULE III
REAL ESTATE AND ACCUMULATED DEPRECIATION
(Amounts in thousands)
|  |  |  |  | December 31, |  |
|  |  |  |  | 2015 |  | 2014 |  | 2013 |  |
| REAL ESTATE: |  |  |  |  |  |  |  |  |  |  |
|  | Balance at beginning of period |  | $ | 993,927 |  | $ | 919,576 |  | $ | 911,792 |  |
|  | Changes during the period: |  |  |  |  |  |  |  |  |  |  |
|  |  | Land |  |  | - |  |  | - |  |  | - |  |
|  |  | Buildings and leasehold improvements |  |  | 112,538 |  |  | 4,043 |  |  | 5,072 |  |
|  |  | Development and construction in progress |  |  | (65,803) |  |  | 70,365 |  |  | 2,712 |  |
|  |  |  |  |  | 1,040,662 |  |  | 993,984 |  |  | 919,576 |  |
|  |  | Less: Fully depreciated assets |  |  | (11,190) |  |  | (57) |  |  | - |  |
|  | Balance at end of period |  | $ | 1,029,472 |  | $ | 993,927 |  | $ | 919,576 |  |
| ACCUMULATED DEPRECIATION: |  |  |  |  |  |  |  |  |  |  |
|  | Balance at beginning of period |  | $ | 210,025 |  | $ | 185,375 |  | $ | 160,826 |  |
|  | Additions charged to operating expenses |  |  | 26,698 |  |  | 24,707 |  |  | 24,549 |  |
|  |  |  |  |  | 236,723 |  |  | 210,082 |  |  | 185,375 |  |
|  |  | Less: Fully depreciated assets |  |  | (11,190) |  |  | (57) |  |  | - |  |
|  | Balance at end of period |  | $ | 225,533 |  | $ | 210,025 |  | $ | 185,375 |  |

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- Definition The entire disclosure of real estate investments and associated accumulated depreciation for entities with a significant portion of their business acquiring and holding investment real estate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -SubTopic 360 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-28) -URI http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04.(c) Schedule III) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 + Details
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