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Schedule III: Real Estate and Accumulated Depreciation | 12 Months Ended
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Dec. 31, 2017
SEC 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, 2017
(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 |  |  |  |  |  |  |  | Life on which Depreciation in Latest Income Statement is Computed
|  |  | Initial Cost to Company(2) |  | Costs Capitalized Subsequent to Acquisition |  | Carried at Close of Period |  | Accumulated Depreciation and Amortization |  |  |  |  |
|  |  |  |  | Buildings and Leasehold Improvements |  |  |  |  | Buildings and Leasehold Improvements |  | Development and Construction In Progress |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Date of Construction |  | Date Acquired(2) |
Description | Encumbrances(1) |  | Land |  |  |  | Land |  |  |  | Total(3) |  |  |  |
New York, NY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rego Park I | $ | 78,246 |  |  | $ | 1,647 |  |  | $ | 8,953 |  |  | $ | 53,390 |  |  | $ | 1,647 |  |  | $ | 62,268 |  |  | $ | 75 |  |  | $ | 63,990 |  |  | $ | 33,073 |  |  | 1959 |  | 1992 |  | 3-39 years
Rego Park II | 256,194 |  |  | 3,127 |  |  | 1,467 |  |  | 388,890 |  |  | 3,127 |  |  | 390,118 |  |  | 239 |  |  | 393,484 |  |  | 83,963 |  |  | 2009 |  | 1992 |  | 3-40 years
The Alexander apartment tower | — |  |  | — |  |  | — |  |  | 119,112 |  |  | — |  |  | 119,112 |  |  | — |  |  | 119,112 |  |  | 9,856 |  |  | 2016 |  | 1992 |  | 3-39 years
Rego Park III | — |  |  | 779 |  |  | — |  |  | 3,740 |  |  | 779 |  |  | 503 |  |  | 3,237 |  |  | 4,519 |  |  | 228 |  |  | N/A |  | 1992 |  | 5-15 years
Flushing | — |  |  | — |  |  | 1,660 |  |  | (107 | ) |  | — |  |  | 1,553 |  |  | — |  |  | 1,553 |  |  | 968 |  |  | 1975(4) |  | 1992 |  | N/A
Lexington Avenue | 850,000 |  |  | 14,432 |  |  | 12,355 |  |  | 416,002 |  |  | 27,497 |  |  | 415,292 |  |  | — |  |  | 442,789 |  |  | 154,956 |  |  | 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 | $ | 1,252,440 |  |  | $ | 21,593 |  |  | $ | 26,239 |  |  | $ | 989,536 |  |  | $ | 44,971 |  |  | $ | 988,846 |  |  | $ | 3,551 |  |  | $ | 1,037,368 |  |  | $ | 283,044 |  |  |  |  |  |  |
(1) Excludes deferred debt issuance costs, net of $12,218.
(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 $199,268 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,
|  | 2017 |  | 2016 |  | 2015
REAL ESTATE: |  |  |  |  |  |
Balance at beginning of period |  | $ | 1,033,551 |  |  | $ | 1,029,472 |  |  | $ | 993,927 |
Changes during the period: |  |  |  |  |  |
Land |  | — |  |  | — |  |  | — |
Buildings and leasehold improvements |  | 3,046 |  |  | 12,464 |  |  | 112,538 |
Development and construction in progress |  | 771 |  |  | (6,706 | ) |  | (65,803 | )
|  | 1,037,368 |  |  | 1,035,230 |  |  | 1,040,662 |
Less: Fully depreciated assets |  | — |  |  | (1,679 | ) |  | (11,190 | )
Balance at end of period |  | $ | 1,037,368 |  |  | $ | 1,033,551 |  |  | $ | 1,029,472 |
ACCUMULATED DEPRECIATION: |  |  |  |  |  |
Balance at beginning of period |  | $ | 252,737 |  |  | $ | 225,533 |  |  | $ | 210,025 |
Additions charged to operating expenses |  | 30,307 |  |  | 28,883 |  |  | 26,698 |
|  | 283,044 |  |  | 254,416 |  |  | 236,723 |
Less: Fully depreciated assets |  | — |  |  | (1,679 | ) |  | (11,190 | )
Balance at end of period |  | $ | 283,044 |  |  | $ | 252,737 |  |  | $ | 225,533 |

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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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