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Mortgages Payable | 9 Months Ended
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Sep. 30, 2018
Debt Disclosure [Abstract] |
Mortgages Payable | Mortgages Payable The following is a summary of our outstanding mortgages payable as of September 30, 2018 and December 31, 2017. We may refinance our maturing debt as it comes due or choose to repay it.
|  |  |  |  |  | Balance at
(Amounts in thousands) |  | Maturity(1) |  | Interest Rate at September 30, 2018 |  | September 30, 2018 |  | December 31, 2017
First mortgages secured by: |  |  |  |  |  |  |  |
Paramus |  | Oct. 2018(2) |  | 2.90% |  | $ | 68,000 |  |  | $ | 68,000 |
Rego Park II shopping center(3) |  | Nov. 2018 |  | 4.11% |  | 253,226 |  |  | 256,194 |
731 Lexington Avenue, retail space(4) |  | Aug. 2022 |  | 3.51% |  | 350,000 |  |  | 350,000 |
731 Lexington Avenue, office space(5) |  | Jun. 2024 |  | 3.06% |  | 500,000 |  |  | 500,000 |
Rego Park I shopping center (100% cash collateralized)(6) |  | — |  | — |  | — |  |  | 78,246 |
Total |  | 1,171,226 |  |  | 1,252,440 |
Deferred debt issuance costs, net of accumulated amortization of $10,219 and $6,315, respectively |  |  |  |  |  | (8,298 | ) |  | (12,218 | )
|  |  |  |  |  | $ | 1,162,928 |  |  | $ | 1,240,222 |
(1) | Represents the extended maturity where we have the unilateral right to extend.
(2) | On October 3, 2018, the loan was extended to October 4, 2021 at a fixed rate of 4.72%.
(3) | Interest at LIBOR plus 1.85%. See Note 5 for details of our Rego Park II loan participation.
(4) | Interest at LIBOR plus 1.40%.
(5) | Interest at LIBOR plus 0.90%.
(6) | Refinanced on May 11, 2018 and repaid on June 6, 2018.

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