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Note 6 - Notes Payable - Mortgages and Mezzanine Note Payable (Details) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2019
Dec. 31, 2018
Debt, gross $ 974,197 $ 925,613
Unamortized debt issuance costs (10,862) (12,049)
Total debt, net of unamortized debt issuance costs $ 963,335 913,564
Mortgages and Mezzanine Notes 1[Member] | Flatbush Gardens, Brooklyn, NY [Member]    
Maturity date [1] Mar. 01, 2028  
Interest rate [1] 3.50%  
Debt, gross [1] $ 246,000 246,000
Interest rate [1] 3.50%  
Mortgages and Mezzanine Notes 1[Member] | 250 Livingston Street in Brooklyn [Member]    
Maturity date [2] Dec. 09, 2020  
Debt, gross [2] 75,000
Mortgages and Mezzanine Notes 1[Member] | 250 Livingston Street in Brooklyn [Member] | London Interbank Offered Rate (LIBOR) [Member]    
Interest rate [2] 2.15%  
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] $ 76,582 77,333
Interest rate [3] 3.875%  
Mortgages and Mezzanine Notes 1[Member] | Tribeca House Properties [Member]    
Maturity date [4] Mar. 06, 2028  
Debt, gross [4] $ 360,000 360,000
Mortgages and Mezzanine Notes 1[Member] | Tribeca House Properties [Member] | London Interbank Offered Rate (LIBOR) [Member]    
Interest rate [4] 4.506%  
Interest rate [4] 4.506%  
Mortgages and Mezzanine Notes 1[Member] | Aspen [Member]    
Maturity date [5] Jul. 01, 2028  
Interest rate [5] 3.68%  
Debt, gross [5] $ 67,534 68,199
Interest rate [5] 3.68%  
Mortgages and Mezzanine Notes 1[Member] | 107 Columbia Heights in Brooklyn, NY [Member]    
Maturity date [6] May 09, 2020  
Debt, gross [6] $ 64,731 64,731
Mortgages and Mezzanine Notes 1[Member] | 107 Columbia Heights in Brooklyn, NY [Member] | London Interbank Offered Rate (LIBOR) [Member]    
Interest rate [6] 3.85%  
Mortgages and Mezzanine Notes 1[Member] | Property at 10 W 65th St. Manhattan, NY [Member]    
Maturity date [7] Nov. 01, 2027  
Interest rate [7] 3.375%  
Debt, gross [7] $ 34,350 34,350
Interest rate [7] 3.375%  
Mortgages and Mezzanine Notes 2 [Member] | 250 Livingston Street in Brooklyn [Member]    
Maturity date [2] Jun. 06, 2029  
Interest rate [2] 3.63%  
Debt, gross [2] $ 125,000
Interest rate [2] 3.63%  
Mortgages and Mezzanine Notes [Member]    
Unamortized debt issuance costs $ (10,862) $ (12,049)
[1] The $246,000 mortgage note agreement with New York Community Bank ("NYCB"), entered into on February 21, 2018, matures on March 1, 2028, and bears interest at 3.5% for the first five years and thereafter at the prime rate plus 2.75%, with an option to fix the rate subject to the payment of a fee that fluctuates depending on the date the election is made. The note requires interest-only payments through August 2020, and monthly principal and interest payments thereafter based on a 30-year amortization schedule. The Company has the option to prepay all (but not less than all) of the unpaid balance of the note prior to the maturity date, subject to certain prepayment premiums, as defined.
[2] On May 31, 2019, the Company repaid the debt secured by the 250 Livingston Street property that was scheduled to mature in 2020, from the proceeds of a $125,000 first mortgage loan with Citi Real Estate Funding Inc. The loan matures on June 6, 2029, bears interest at 3.63% and requires interest-only payments for the entire term. The Company has the option to prepay all (but not less than all) of the unpaid balance of the note within three months of maturity, without a prepayment premium.
[3] The $79,500 mortgage note agreement with NYCB matures on June 1, 2028, and bears interest at 3.875%. The note required interest-only payments through June 2017, and monthly principal and interest payments of $374 thereafter based on a 30-year amortization schedule.
[4] The $360,000 loan with Deutsche Bank, entered into on February 21, 2018, matures on March 6, 2028, bears interest at 4.506% and requires interest-only payments for the entire term. The Company has the option to prepay all (but not less than all) of the unpaid balance of the loan prior to the maturity date, subject to a prepayment premium if it occurs prior to December 6, 2027.
[5] The $70,000 mortgage note agreement with Capital One Multifamily Finance LLC matures on July 1, 2028, and bears interest at 3.68%. The note required interest-only payments through July 2017, and monthly principal and interest payments of $321 thereafter based on a 30-year amortization schedule. The Company has the option to prepay the note prior to the maturity date, subject to a prepayment premium.
[6] On May 9, 2017, the Company entered into a $59,000 mortgage note agreement with a unit of Blackstone Mortgage Trust, Inc., related to the 107 Columbia Heights acquisition. The Company also entered into a construction loan secured by the building with the same lender that will provide up to $14,700 for eligible capital improvements and carrying costs, of which $5,731 was drawn as of June 30, 2019. The notes mature on May 9, 2020, are subject to two one-year extension options, require interest-only payments and bear interest at one-month LIBOR plus 3.85% (6.2% as of June 30, 2019).
[7] On October 27, 2017, the Company entered into a $34,350 mortgage note agreement with NYCB, related to the 10 West 65th Street acquisition. The note matures on November 1, 2027, and bears interest at 3.375% for the first five years and thereafter at the prime rate plus 2.75%, subject to an option to fix the rate. The note requires interest-only payments through October 2019, and monthly principal and interest payments thereafter based on a 30-year amortization schedule.