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Schedule III: Real Estate and Accumulated Depreciation | 12 Months Ended
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Dec. 31, 2020
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, 2020
(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 |  |  | $ | 84,261 |  |  | $ | 1,647 |  |  | $ | 86,721 |  |  | $ | 6,493 |  |  | $ | 94,861 |  |  | $ | 38,451 |  |  | 1959 |  | 1992 |  | 3-39 years
Rego Park II | 202,544 |  | (4) | 3,127 |  |  | 1,467 |  |  | 389,150 |  |  | 3,127 |  |  | 390,114 |  |  | 503 |  |  | 393,744 |  |  | 113,318 |  |  | 2009 |  | 1992 |  | 3-40 years
The Alexander apartment tower | 94,000 |  |  | — |  |  | — |  |  | 119,112 |  |  | — |  |  | 119,112 |  |  | — |  |  | 119,112 |  |  | 21,028 |  |  | 2016 |  | 1992 |  | 3-39 years
Rego Park III | — |  |  | 779 |  |  | — |  |  | 5,292 |  |  | 779 |  |  | 527 |  |  | 4,765 |  |  | 6,071 |  |  | 325 |  |  | N/A |  | 1992 |  | 5-15 years
Flushing | — |  |  | — |  |  | 1,660 |  |  | (107) |  |  | — |  |  | 1,553 |  |  | — |  |  | 1,553 |  |  | 1,146 |  |  | 1975(5) |  | 1992 |  | N/A
Lexington Avenue | 800,000 |  |  | 14,432 |  |  | 12,355 |  |  | 416,994 |  |  | 27,497 |  |  | 416,284 |  |  | — |  |  | 443,781 |  |  | 175,854 |  |  | 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 | $ | 1,164,544 |  |  | $ | 21,593 |  |  | $ | 26,239 |  |  | $ | 1,023,211 |  |  | $ | 44,971 |  |  | $ | 1,014,311 |  |  | $ | 11,761 |  |  | $ | 1,071,043 |  |  | $ | 350,122 |  |  |  |  |  |  |
(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 $8,374.
(3) The net basis of the Company’s assets and liabilities for tax purposes is approximately $139,364 lower than the amount reported for financial statement purposes.
(4) The amount of this loan is net of our $50,000 loan participation.
(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,
|  | 2020 |  | 2019 |  | 2018
REAL ESTATE: |  |  |  |  |  |
Balance at beginning of period |  | $ | 1,041,342 |  |  | $ | 1,027,691 |  |  | $ | 1,037,368 |
Changes during the period: |  |  |  |  |  |
Land |  | — |  |  | — |  |  | — |
Buildings and leasehold improvements |  | 31,134 |  |  | 5,579 |  |  | 3,218 |
Development and construction in progress |  | (557) |  |  | 8,072 |  |  | 695 |
|  | 1,071,919 |  |  | 1,041,342 |  |  | 1,041,281 |
Less: Fully depreciated assets |  | (876) |  |  | — |  |  | (13,590) |
Balance at end of period |  | $ | 1,071,043 |  |  | $ | 1,041,342 |  |  | $ | 1,027,691 |
ACCUMULATED DEPRECIATION: |  |  |  |  |  |
Balance at beginning of period |  | $ | 324,499 |  |  | $ | 297,421 |  |  | $ | 283,044 |
Additions charged to operating expenses |  | 26,499 |  |  | 27,078 |  |  | 27,967 |
|  | 350,998 |  |  | 324,499 |  |  | 311,011 |
Less: Fully depreciated assets |  | (876) |  |  | — |  |  | (13,590) |
Balance at end of period |  | $ | 350,122 |  |  | $ | 324,499 |  |  | $ | 297,421 |

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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=120402810&loc=d3e638233-123024 + Details
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