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Note 7 - Notes Payable - Mortgages and Mezzanine Note Payable (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Dec. 31, 2016
Unamortized debt issuance costs $ (9,548) $ (10,134)
Total 764,348  
Mortgages and Mezzanine Notes 1[Member]    
Debt, gross 764,348 764,593
Unamortized debt issuance costs (9,548) (10,134)
Total $ 754,800 754,459
Mortgages and Mezzanine Notes 1[Member] | Flatbush Gardens, Brooklyn, NY [Member]    
Maturity date [1] Oct. 01, 2024  
Interest rate [1] 3.88%  
Debt, gross [1] $ 150,000 150,000
Mortgages and Mezzanine Notes 1[Member] | 250 Livingston Street in Brooklyn [Member]    
Maturity date [2] May 06, 2023  
Interest rate [2] 4.00%  
Debt, gross [2] $ 34,848 35,093
Mortgages and Mezzanine Notes 1[Member] | 141 Livingston Street, Brooklyn [Member]    
Maturity date [3] Jun. 01, 2028  
Interest rate [3] 3.875%  
Debt, gross [3] $ 79,500 79,500
Mortgages and Mezzanine Notes 1[Member] | Tribeca House Properties [Member]    
Maturity date [4] Nov. 09, 2018  
Debt, gross [4] $ 410,000 410,000
Mortgages and Mezzanine Notes 1[Member] | Tribeca House Properties [Member] | London Interbank Offered Rate (LIBOR) [Member]    
Interest rate [4] 3.75%  
Mortgages and Mezzanine Notes 1[Member] | Aspen [Member]    
Maturity date [5] Jul. 01, 2028  
Interest rate [5] 3.68%  
Debt, gross [5] $ 70,000 70,000
Mortgages and Mezzanine Notes 2[Member] | Flatbush Gardens, Brooklyn, NY [Member]    
Maturity date [6] Oct. 01, 2024  
Interest rate [6] 3.88%  
Debt, gross [6] $ 20,000 $ 20,000
[1] The $150,000 mortgage note agreement with New York Community Bank ("NYCB") matures on October 1, 2024 and bears interest at a fixed-rate of interest of 3.88%. The note requires interest only payments through April 2017 and monthly principal and interest payments thereafter based on a 30-year amortization.
[2] The additional $20,000 note with NYCB matures coterminous with the $150,000 mortgage, and bears interest at 3.88% through September 2019 and thereafter at prime plus 2.75%, subject to an option to fix the rate. The note requires interest only payments through April 2017, monthly principal and interest payments of $94 from May 2017 through September 2019 based on a 30year amortization schedule and principal and interest payments thereafter based on the remaining period of the initial 30-year amortization schedule.
[3] On May 11, 2016, the Company repaid the $55,000 loan secured by the property at 141 Livingston Street, Brooklyn, New York from the proceeds of a $79,500 loan from NYCB. The NYCB loan matures on June 1, 2028, and bears interest at 3.875%. The note requires interest only payments through June 2017, monthly principal and interest payments of $374 from July 2017 through June 2028 based on a 30year amortization schedule.
[4] On November 9, 2016, the Company repaid the $360,000 of mortgage notes and the $100,000 mezzanine notes assumed in connection with the acquisition of the Tribeca House properties utilizing the proceeds from a $410,000 loan package with DB and SL Green Finance and cash on hand. The loan package bears a blended interest rate of one-month LIBOR plus 3.75%, or 4.73% as of March 31, 2017 matures on November 9, 2018 and is subject to three one-year extension options.
[5] On June 27, 2016, the Company entered into a $70,000 mortgage note agreement with Capital One Multifamily finance LLC, related to the Aspen property acquisition. The note matures on July 1, 2028 and bears interest at 3.68%. The note requires interest only payments through July 2017, monthly principal and interest payments of $321 from August 2017 through July 2028 based on a 30 year amortization schedule and principal and interest payments thereafter based on the remaining period of the initial 30-year amortization schedule.
[6] The mortgage note agreement with Citigroup Global Markets Realty Corp. for $37,500 that requires monthly principal and interest payments of $179, bears interest of 4.00% and matures on May 6, 2023.