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Schedule III: Real Estate and Accumulated Depreciation | 12 Months Ended
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Dec. 31, 2018
SEC Schedule, 12-28, Real Estate Companies, Investment in 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, 2018
(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(1) |  | 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(1) |
Description | Encumbrances(2) |  | Land |  |  |  | Land |  |  |  | Total(3) |  |  |  |
New York, NY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rego Park I | $ | — |  |  | $ | 1,647 |  |  | $ | 8,953 |  |  | $ | 54,456 |  |  | $ | 1,647 |  |  | $ | 62,836 |  |  | $ | 573 |  |  | $ | 65,056 |  |  | $ | 34,987 |  |  | 1959 |  | 1992 |  | 3-39 years
Rego Park II | 252,544 |  | (4) | 3,127 |  |  | 1,467 |  |  | 387,884 |  |  | 3,127 |  |  | 389,191 |  |  | 160 |  |  | 392,478 |  |  | 93,011 |  |  | 2009 |  | 1992 |  | 3-40 years
The Alexander apartment tower | — |  |  | — |  |  | — |  |  | 119,112 |  |  | — |  |  | 119,112 |  |  | — |  |  | 119,112 |  |  | 13,631 |  |  | 2016 |  | 1992 |  | 3-39 years
Rego Park III | — |  |  | 779 |  |  | — |  |  | 4,016 |  |  | 779 |  |  | 503 |  |  | 3,513 |  |  | 4,795 |  |  | 259 |  |  | N/A |  | 1992 |  | 5-15 years
Flushing | — |  |  | — |  |  | 1,660 |  |  | (107 | ) |  | — |  |  | 1,553 |  |  | — |  |  | 1,553 |  |  | 1,028 |  |  | 1975(5) |  | 1992 |  | N/A
Lexington Avenue | 850,000 |  |  | 14,432 |  |  | 12,355 |  |  | 405,989 |  |  | 27,497 |  |  | 405,279 |  |  | — |  |  | 432,776 |  |  | 154,505 |  |  | 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 | $ | 1,170,544 |  |  | $ | 21,593 |  |  | $ | 26,239 |  |  | $ | 979,859 |  |  | $ | 44,971 |  |  | $ | 978,474 |  |  | $ | 4,246 |  |  | $ | 1,027,691 |  |  | $ | 297,421 |  |  |  |  |  |  |
(1) Initial cost is as of May 15, 1992 (the date on which the Company commenced its real estate operations).
(2) Excludes deferred debt issuance costs, net of $9,010.
(3) The net basis of the Company’s assets and liabilities for tax purposes is approximately $186,559 lower than the amount reported for financial statement purposes.
(4) We hold a $195,708 participation in the loan.
(5) Represents the date the lease was acquired.
ALEXANDER’S, INC. AND SUBSIDIARIES
SCHEDULE III
REAL ESTATE AND ACCUMULATED DEPRECIATION
(Amounts in thousands)
|  | December 31,
|  | 2018 |  | 2017 |  | 2016
REAL ESTATE: |  |  |  |  |  |
Balance at beginning of period |  | $ | 1,037,368 |  |  | $ | 1,033,551 |  |  | $ | 1,029,472 |
Changes during the period: |  |  |  |  |  |
Land |  | — |  |  | — |  |  | — |
Buildings and leasehold improvements |  | 3,218 |  |  | 3,046 |  |  | 12,464 |
Development and construction in progress |  | 695 |  |  | 771 |  |  | (6,706 | )
|  | 1,041,281 |  |  | 1,037,368 |  |  | 1,035,230 |
Less: Fully depreciated assets |  | (13,590 | ) |  | — |  |  | (1,679 | )
Balance at end of period |  | $ | 1,027,691 |  |  | $ | 1,037,368 |  |  | $ | 1,033,551 |
ACCUMULATED DEPRECIATION: |  |  |  |  |  |
Balance at beginning of period |  | $ | 283,044 |  |  | $ | 252,737 |  |  | $ | 225,533 |
Additions charged to operating expenses |  | 27,967 |  |  | 30,307 |  |  | 28,883 |
|  | 311,011 |  |  | 283,044 |  |  | 254,416 |
Less: Fully depreciated assets |  | (13,590 | ) |  | — |  |  | (1,679 | )
Balance at end of period |  | $ | 297,421 |  |  | $ | 283,044 |  |  | $ | 252,737 |

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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/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 28 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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 + Details
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