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Mortgages Payable (Tables) | 12 Months Ended
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Dec. 31, 2017
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The following is a summary of our outstanding mortgages payable. We may refinance our maturing debt as it comes due or choose to repay it.
|  |  |  |  | Interest Rate at December 31, 2017 |  | Balance at December 31,
(Amounts in thousands) | Maturity(1) |  |  | 2017 |  | 2016
First mortgages secured by: |  |  |  |  |  |  |
|  | Rego Park I shopping center (100% cash | Mar. 2018 |  | 0.35% |  | $ | 78,246 |  |  | $ | 78,246 |
|  | collateralized) |  |  |  |  |  |  |
|  | Paramus | Oct. 2018 |  | 2.90% |  | 68,000 |  |  | 68,000 |
|  | Rego Park II shopping center(2) | Nov. 2018 |  | 3.42% |  | 256,194 |  |  | 259,901 |
|  | 731 Lexington Avenue, retail space(3) | Aug. 2022 |  | 2.78% |  | 350,000 |  |  | 350,000 |
|  | 731 Lexington Avenue, office space(4) | Jun. 2024 |  | 2.38% |  | 500,000 |  |  | 300,000 |
|  | Total |  |  |  |  | 1,252,440 |  |  | 1,056,147 |
|  | Deferred debt issuance costs, net of accumulated |  |  |  |  |  |  |
|  | amortization of $6,315 and $6,824, respectively |  |  |  |  | (12,218 | ) |  | (3,788 | )
|  |  |  |  |  |  | $ | 1,240,222 |  |  | $ | 1,052,359 |
(1) |  | Represents the extended maturity where we have the unilateral right to extend.
(2) |  | This loan bears interest at LIBOR plus 1.85%. See page for details of our Rego Park II loan participation.
(3) |  | This loan bears interest at LIBOR plus 1.40%.
(4) |  | This loan bears interest at LIBOR plus 0.90%. |  |  |  |  |  |  |
Schedule of Maturities of Long-term Debt | As of December 31, 2017, the principal repayments for the next five years and thereafter are as follows:
(Amounts in thousands) |  |
Year Ending December 31, |  | Amount
2018 |  | $ | 402,440 |
2019 |  | — |
2020 |  | — |
2021 |  | — |
2022 |  | 350,000 |
Thereafter |  | 500,000 |

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + 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 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: 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=84159872&loc=d3e21475-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21538-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644 + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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