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Mortgages Payable | 9 Months Ended
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Sep. 30, 2019
Debt Disclosure [Abstract] |
Mortgages Payable | Mortgages Payable The following is a summary of our outstanding mortgages payable as of September 30, 2019 and December 31, 2018. We may refinance our maturing debt as it comes due or choose to repay it.
|  |  |  |  |  | Balance at
(Amounts in thousands) |  | Maturity |  | Interest Rate at September 30, 2019 |  | September 30, 2019 |  | December 31, 2018
First mortgages secured by: |  |  |  |  |  |  |  |
Paramus |  | Oct. 2021 |  | 4.72% |  | $ | 68,000 |  |  | $ | 68,000 |
731 Lexington Avenue, retail condominium(1) |  | Aug. 2022 |  | 3.47% |  | 350,000 |  |  | 350,000 |
731 Lexington Avenue, office condominium(2) |  | Jun. 2024 |  | 2.93% |  | 500,000 |  |  | 500,000 |
Rego Park II shopping center(3) |  | Dec. 2025 |  | 3.39% |  | 56,836 |  |  | 56,836 |
Total |  | 974,836 |  |  | 974,836 |
Deferred debt issuance costs, net of accumulated amortization of $13,074 and $9,212, respectively |  |  |  |  |  | (5,163 | ) |  | (9,010 | )
|  |  |  |  |  | $ | 969,673 |  |  | $ | 965,826 |
(1) | Interest at LIBOR plus 1.40%. Maturity date represents the extended maturity based on our conditional right to extend.
(2) | Interest at LIBOR plus 0.90%. Maturity date represents the extended maturity based on our unilateral right to extend.
(3) Interest at LIBOR plus 1.35%. The amount of this loan is net of our $195,708 loan participation (see Note 2 - Basis of Presentation).

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