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On August 6, 2024, we purchased a $ 50,000,000 B-Note secured by a Midtown Manhattan property at par. The B-Note, together with the $ 35,000,000 A-Note, is in default. The B-Note accrues interest at 5.25 % plus 4.00 % default interest. The $ 50,000,000 B-Note investment was recorded to “other assets” on our consolidated balance sheets.
text
35000000
monetaryItemType
text: <entity> 35000000 </entity> <entity type> monetaryItemType </entity type> <context> On August 6, 2024, we purchased a $ 50,000,000 B-Note secured by a Midtown Manhattan property at par. The B-Note, together with the $ 35,000,000 A-Note, is in default. The B-Note accrues interest at 5.25 % plus 4.00 % default interest. The $ 50,000,000 B-Note investment was recorded to “other assets” on our consolidated balance sheets. </context>
us-gaap:NotesReceivableGross
During the year ended December 31, 2024, we closed on the sale of two condominium units at 220 Central Park South (“220 CPS”) for net proceeds of $ 31,605,000 , resulting in a financial statement net gain of $ 15,175,000 which is included in "net gains on disposition of wholly owned and partially owned assets" on our consolidated statements of income. In connection with these sales, $ 2,106,000 of income tax expense was recognized on our consolidated statements of income. As of December 31, 2024, four units remain unsold, with a carrying value of $ 21,552,000 which is included in "other assets” on our consolidated balance sheets.
text
31605000
monetaryItemType
text: <entity> 31605000 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, we closed on the sale of two condominium units at 220 Central Park South (“220 CPS”) for net proceeds of $ 31,605,000 , resulting in a financial statement net gain of $ 15,175,000 which is included in "net gains on disposition of wholly owned and partially owned assets" on our consolidated statements of income. In connection with these sales, $ 2,106,000 of income tax expense was recognized on our consolidated statements of income. As of December 31, 2024, four units remain unsold, with a carrying value of $ 21,552,000 which is included in "other assets” on our consolidated balance sheets. </context>
us-gaap:ProceedsFromSaleOfRealEstateHeldforinvestment
During the year ended December 31, 2024, we closed on the sale of two condominium units at 220 Central Park South (“220 CPS”) for net proceeds of $ 31,605,000 , resulting in a financial statement net gain of $ 15,175,000 which is included in "net gains on disposition of wholly owned and partially owned assets" on our consolidated statements of income. In connection with these sales, $ 2,106,000 of income tax expense was recognized on our consolidated statements of income. As of December 31, 2024, four units remain unsold, with a carrying value of $ 21,552,000 which is included in "other assets” on our consolidated balance sheets.
text
15175000
monetaryItemType
text: <entity> 15175000 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, we closed on the sale of two condominium units at 220 Central Park South (“220 CPS”) for net proceeds of $ 31,605,000 , resulting in a financial statement net gain of $ 15,175,000 which is included in "net gains on disposition of wholly owned and partially owned assets" on our consolidated statements of income. In connection with these sales, $ 2,106,000 of income tax expense was recognized on our consolidated statements of income. As of December 31, 2024, four units remain unsold, with a carrying value of $ 21,552,000 which is included in "other assets” on our consolidated balance sheets. </context>
us-gaap:GainsLossesOnSalesOfInvestmentRealEstate
Amortization of acquired below-market leases, net of acquired above-market leases, resulted in an increase to rental revenues of $ 3,035,000 ,
text
3035000
monetaryItemType
text: <entity> 3035000 </entity> <entity type> monetaryItemType </entity type> <context> Amortization of acquired below-market leases, net of acquired above-market leases, resulted in an increase to rental revenues of $ 3,035,000 , </context>
us-gaap:AmortizationOfIntangibleAssets
$ 5,268,000 and $ 5,178,000 for the years ended December 31, 2024, 2023 and 2022, respectively. Estimated annual amortization for each of the five succeeding years commencing January 1, 2025 is below:
text
5268000
monetaryItemType
text: <entity> 5268000 </entity> <entity type> monetaryItemType </entity type> <context> $ 5,268,000 and $ 5,178,000 for the years ended December 31, 2024, 2023 and 2022, respectively. Estimated annual amortization for each of the five succeeding years commencing January 1, 2025 is below: </context>
us-gaap:AmortizationOfIntangibleAssets
$ 5,268,000 and $ 5,178,000 for the years ended December 31, 2024, 2023 and 2022, respectively. Estimated annual amortization for each of the five succeeding years commencing January 1, 2025 is below:
text
5178000
monetaryItemType
text: <entity> 5178000 </entity> <entity type> monetaryItemType </entity type> <context> $ 5,268,000 and $ 5,178,000 for the years ended December 31, 2024, 2023 and 2022, respectively. Estimated annual amortization for each of the five succeeding years commencing January 1, 2025 is below: </context>
us-gaap:AmortizationOfIntangibleAssets
Amortization of all other identified intangible assets (a component of depreciation and amortization expense) was $ 6,930,000 , $ 8,342,000 and $ 10,516,000 for the years ended December 31, 2024, 2023 and 2022, respectively. Estimated annual amortization for each of the five succeeding years commencing January 1, 2025 is below:
text
6930000
monetaryItemType
text: <entity> 6930000 </entity> <entity type> monetaryItemType </entity type> <context> Amortization of all other identified intangible assets (a component of depreciation and amortization expense) was $ 6,930,000 , $ 8,342,000 and $ 10,516,000 for the years ended December 31, 2024, 2023 and 2022, respectively. Estimated annual amortization for each of the five succeeding years commencing January 1, 2025 is below: </context>
us-gaap:AmortizationOfIntangibleAssets
Amortization of all other identified intangible assets (a component of depreciation and amortization expense) was $ 6,930,000 , $ 8,342,000 and $ 10,516,000 for the years ended December 31, 2024, 2023 and 2022, respectively. Estimated annual amortization for each of the five succeeding years commencing January 1, 2025 is below:
text
8342000
monetaryItemType
text: <entity> 8342000 </entity> <entity type> monetaryItemType </entity type> <context> Amortization of all other identified intangible assets (a component of depreciation and amortization expense) was $ 6,930,000 , $ 8,342,000 and $ 10,516,000 for the years ended December 31, 2024, 2023 and 2022, respectively. Estimated annual amortization for each of the five succeeding years commencing January 1, 2025 is below: </context>
us-gaap:AmortizationOfIntangibleAssets
Amortization of all other identified intangible assets (a component of depreciation and amortization expense) was $ 6,930,000 , $ 8,342,000 and $ 10,516,000 for the years ended December 31, 2024, 2023 and 2022, respectively. Estimated annual amortization for each of the five succeeding years commencing January 1, 2025 is below:
text
10516000
monetaryItemType
text: <entity> 10516000 </entity> <entity type> monetaryItemType </entity type> <context> Amortization of all other identified intangible assets (a component of depreciation and amortization expense) was $ 6,930,000 , $ 8,342,000 and $ 10,516,000 for the years ended December 31, 2024, 2023 and 2022, respectively. Estimated annual amortization for each of the five succeeding years commencing January 1, 2025 is below: </context>
us-gaap:AmortizationOfIntangibleAssets
On April 9, 2024, we completed a $ 75,000,000 refinancing of 435 Seventh Avenue, of which $ 37,500,000 is recourse to the Operating Partnership. The interest-only loan bears a rate of SOFR plus 2.10 % and matures in April 2028. The interest rate on the loan was swapped to a fixed rate of 6.96 % through April 2026. The loan replaces the previous $ 95,696,000 fully recourse loan, which bore interest at SOFR plus 1.41 %.
text
75000000
monetaryItemType
text: <entity> 75000000 </entity> <entity type> monetaryItemType </entity type> <context> On April 9, 2024, we completed a $ 75,000,000 refinancing of 435 Seventh Avenue, of which $ 37,500,000 is recourse to the Operating Partnership. The interest-only loan bears a rate of SOFR plus 2.10 % and matures in April 2028. The interest rate on the loan was swapped to a fixed rate of 6.96 % through April 2026. The loan replaces the previous $ 95,696,000 fully recourse loan, which bore interest at SOFR plus 1.41 %. </context>
us-gaap:DebtInstrumentFaceAmount
On April 9, 2024, we completed a $ 75,000,000 refinancing of 435 Seventh Avenue, of which $ 37,500,000 is recourse to the Operating Partnership. The interest-only loan bears a rate of SOFR plus 2.10 % and matures in April 2028. The interest rate on the loan was swapped to a fixed rate of 6.96 % through April 2026. The loan replaces the previous $ 95,696,000 fully recourse loan, which bore interest at SOFR plus 1.41 %.
text
37500000
monetaryItemType
text: <entity> 37500000 </entity> <entity type> monetaryItemType </entity type> <context> On April 9, 2024, we completed a $ 75,000,000 refinancing of 435 Seventh Avenue, of which $ 37,500,000 is recourse to the Operating Partnership. The interest-only loan bears a rate of SOFR plus 2.10 % and matures in April 2028. The interest rate on the loan was swapped to a fixed rate of 6.96 % through April 2026. The loan replaces the previous $ 95,696,000 fully recourse loan, which bore interest at SOFR plus 1.41 %. </context>
us-gaap:DebtInstrumentFaceAmount
On April 9, 2024, we completed a $ 75,000,000 refinancing of 435 Seventh Avenue, of which $ 37,500,000 is recourse to the Operating Partnership. The interest-only loan bears a rate of SOFR plus 2.10 % and matures in April 2028. The interest rate on the loan was swapped to a fixed rate of 6.96 % through April 2026. The loan replaces the previous $ 95,696,000 fully recourse loan, which bore interest at SOFR plus 1.41 %.
text
2.10
percentItemType
text: <entity> 2.10 </entity> <entity type> percentItemType </entity type> <context> On April 9, 2024, we completed a $ 75,000,000 refinancing of 435 Seventh Avenue, of which $ 37,500,000 is recourse to the Operating Partnership. The interest-only loan bears a rate of SOFR plus 2.10 % and matures in April 2028. The interest rate on the loan was swapped to a fixed rate of 6.96 % through April 2026. The loan replaces the previous $ 95,696,000 fully recourse loan, which bore interest at SOFR plus 1.41 %. </context>
us-gaap:DebtInstrumentBasisSpreadOnVariableRate1
On April 9, 2024, we completed a $ 75,000,000 refinancing of 435 Seventh Avenue, of which $ 37,500,000 is recourse to the Operating Partnership. The interest-only loan bears a rate of SOFR plus 2.10 % and matures in April 2028. The interest rate on the loan was swapped to a fixed rate of 6.96 % through April 2026. The loan replaces the previous $ 95,696,000 fully recourse loan, which bore interest at SOFR plus 1.41 %.
text
95696000
monetaryItemType
text: <entity> 95696000 </entity> <entity type> monetaryItemType </entity type> <context> On April 9, 2024, we completed a $ 75,000,000 refinancing of 435 Seventh Avenue, of which $ 37,500,000 is recourse to the Operating Partnership. The interest-only loan bears a rate of SOFR plus 2.10 % and matures in April 2028. The interest rate on the loan was swapped to a fixed rate of 6.96 % through April 2026. The loan replaces the previous $ 95,696,000 fully recourse loan, which bore interest at SOFR plus 1.41 %. </context>
us-gaap:DebtInstrumentFaceAmount
On April 9, 2024, we completed a $ 75,000,000 refinancing of 435 Seventh Avenue, of which $ 37,500,000 is recourse to the Operating Partnership. The interest-only loan bears a rate of SOFR plus 2.10 % and matures in April 2028. The interest rate on the loan was swapped to a fixed rate of 6.96 % through April 2026. The loan replaces the previous $ 95,696,000 fully recourse loan, which bore interest at SOFR plus 1.41 %.
text
1.41
percentItemType
text: <entity> 1.41 </entity> <entity type> percentItemType </entity type> <context> On April 9, 2024, we completed a $ 75,000,000 refinancing of 435 Seventh Avenue, of which $ 37,500,000 is recourse to the Operating Partnership. The interest-only loan bears a rate of SOFR plus 2.10 % and matures in April 2028. The interest rate on the loan was swapped to a fixed rate of 6.96 % through April 2026. The loan replaces the previous $ 95,696,000 fully recourse loan, which bore interest at SOFR plus 1.41 %. </context>
us-gaap:DebtInstrumentBasisSpreadOnVariableRate1
On May 3, 2024, we extended one of our two unsecured revolving credit facilities to April 2029 (as fully extended). The new $ 915,000,000 facility replaced the $ 1.25 billion facility that was due to mature in April 2026. The new facility currently bears interest at a rate of SOFR plus 1.20 % with a facility fee of 25 basis points. Our $ 1.25 billion revolving credit facility matures in December 2027 (as fully extended) and has an interest rate of SOFR plus 1.15 % and a facility fee of 25 basis points.
text
915000000
monetaryItemType
text: <entity> 915000000 </entity> <entity type> monetaryItemType </entity type> <context> On May 3, 2024, we extended one of our two unsecured revolving credit facilities to April 2029 (as fully extended). The new $ 915,000,000 facility replaced the $ 1.25 billion facility that was due to mature in April 2026. The new facility currently bears interest at a rate of SOFR plus 1.20 % with a facility fee of 25 basis points. Our $ 1.25 billion revolving credit facility matures in December 2027 (as fully extended) and has an interest rate of SOFR plus 1.15 % and a facility fee of 25 basis points. </context>
us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity
On May 3, 2024, we extended one of our two unsecured revolving credit facilities to April 2029 (as fully extended). The new $ 915,000,000 facility replaced the $ 1.25 billion facility that was due to mature in April 2026. The new facility currently bears interest at a rate of SOFR plus 1.20 % with a facility fee of 25 basis points. Our $ 1.25 billion revolving credit facility matures in December 2027 (as fully extended) and has an interest rate of SOFR plus 1.15 % and a facility fee of 25 basis points.
text
1.25
monetaryItemType
text: <entity> 1.25 </entity> <entity type> monetaryItemType </entity type> <context> On May 3, 2024, we extended one of our two unsecured revolving credit facilities to April 2029 (as fully extended). The new $ 915,000,000 facility replaced the $ 1.25 billion facility that was due to mature in April 2026. The new facility currently bears interest at a rate of SOFR plus 1.20 % with a facility fee of 25 basis points. Our $ 1.25 billion revolving credit facility matures in December 2027 (as fully extended) and has an interest rate of SOFR plus 1.15 % and a facility fee of 25 basis points. </context>
us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity
On May 3, 2024, we extended one of our two unsecured revolving credit facilities to April 2029 (as fully extended). The new $ 915,000,000 facility replaced the $ 1.25 billion facility that was due to mature in April 2026. The new facility currently bears interest at a rate of SOFR plus 1.20 % with a facility fee of 25 basis points. Our $ 1.25 billion revolving credit facility matures in December 2027 (as fully extended) and has an interest rate of SOFR plus 1.15 % and a facility fee of 25 basis points.
text
1.20
percentItemType
text: <entity> 1.20 </entity> <entity type> percentItemType </entity type> <context> On May 3, 2024, we extended one of our two unsecured revolving credit facilities to April 2029 (as fully extended). The new $ 915,000,000 facility replaced the $ 1.25 billion facility that was due to mature in April 2026. The new facility currently bears interest at a rate of SOFR plus 1.20 % with a facility fee of 25 basis points. Our $ 1.25 billion revolving credit facility matures in December 2027 (as fully extended) and has an interest rate of SOFR plus 1.15 % and a facility fee of 25 basis points. </context>
us-gaap:DebtInstrumentBasisSpreadOnVariableRate1
On May 3, 2024, we extended one of our two unsecured revolving credit facilities to April 2029 (as fully extended). The new $ 915,000,000 facility replaced the $ 1.25 billion facility that was due to mature in April 2026. The new facility currently bears interest at a rate of SOFR plus 1.20 % with a facility fee of 25 basis points. Our $ 1.25 billion revolving credit facility matures in December 2027 (as fully extended) and has an interest rate of SOFR plus 1.15 % and a facility fee of 25 basis points.
text
25
percentItemType
text: <entity> 25 </entity> <entity type> percentItemType </entity type> <context> On May 3, 2024, we extended one of our two unsecured revolving credit facilities to April 2029 (as fully extended). The new $ 915,000,000 facility replaced the $ 1.25 billion facility that was due to mature in April 2026. The new facility currently bears interest at a rate of SOFR plus 1.20 % with a facility fee of 25 basis points. Our $ 1.25 billion revolving credit facility matures in December 2027 (as fully extended) and has an interest rate of SOFR plus 1.15 % and a facility fee of 25 basis points. </context>
us-gaap:LineOfCreditFacilityCommitmentFeePercentage
On May 3, 2024, we extended one of our two unsecured revolving credit facilities to April 2029 (as fully extended). The new $ 915,000,000 facility replaced the $ 1.25 billion facility that was due to mature in April 2026. The new facility currently bears interest at a rate of SOFR plus 1.20 % with a facility fee of 25 basis points. Our $ 1.25 billion revolving credit facility matures in December 2027 (as fully extended) and has an interest rate of SOFR plus 1.15 % and a facility fee of 25 basis points.
text
1.15
percentItemType
text: <entity> 1.15 </entity> <entity type> percentItemType </entity type> <context> On May 3, 2024, we extended one of our two unsecured revolving credit facilities to April 2029 (as fully extended). The new $ 915,000,000 facility replaced the $ 1.25 billion facility that was due to mature in April 2026. The new facility currently bears interest at a rate of SOFR plus 1.20 % with a facility fee of 25 basis points. Our $ 1.25 billion revolving credit facility matures in December 2027 (as fully extended) and has an interest rate of SOFR plus 1.15 % and a facility fee of 25 basis points. </context>
us-gaap:DebtInstrumentBasisSpreadOnVariableRate1
On September 5, 2024, the $ 74,119,000 non-recourse mortgage loan on 606 Broadway, in which we hold a 50 % interest, matured and was not repaid, at which time the lender declared an event of default. As of December 31, 2024, the property has a carrying value of $ 53,886,000 , which is after an impairment charge recorded in the fourth quarter of 2023. We consolidate the joint venture. The loan currently bears interest at a floating rate of SOFR plus 1.91 % ( 6.39 % as of December 31, 2024) and provides for additional default interest of 3.00 %.
text
74119000
monetaryItemType
text: <entity> 74119000 </entity> <entity type> monetaryItemType </entity type> <context> On September 5, 2024, the $ 74,119,000 non-recourse mortgage loan on 606 Broadway, in which we hold a 50 % interest, matured and was not repaid, at which time the lender declared an event of default. As of December 31, 2024, the property has a carrying value of $ 53,886,000 , which is after an impairment charge recorded in the fourth quarter of 2023. We consolidate the joint venture. The loan currently bears interest at a floating rate of SOFR plus 1.91 % ( 6.39 % as of December 31, 2024) and provides for additional default interest of 3.00 %. </context>
us-gaap:DebtDefaultLongtermDebtAmount
On September 5, 2024, the $ 74,119,000 non-recourse mortgage loan on 606 Broadway, in which we hold a 50 % interest, matured and was not repaid, at which time the lender declared an event of default. As of December 31, 2024, the property has a carrying value of $ 53,886,000 , which is after an impairment charge recorded in the fourth quarter of 2023. We consolidate the joint venture. The loan currently bears interest at a floating rate of SOFR plus 1.91 % ( 6.39 % as of December 31, 2024) and provides for additional default interest of 3.00 %.
text
50
percentItemType
text: <entity> 50 </entity> <entity type> percentItemType </entity type> <context> On September 5, 2024, the $ 74,119,000 non-recourse mortgage loan on 606 Broadway, in which we hold a 50 % interest, matured and was not repaid, at which time the lender declared an event of default. As of December 31, 2024, the property has a carrying value of $ 53,886,000 , which is after an impairment charge recorded in the fourth quarter of 2023. We consolidate the joint venture. The loan currently bears interest at a floating rate of SOFR plus 1.91 % ( 6.39 % as of December 31, 2024) and provides for additional default interest of 3.00 %. </context>
us-gaap:EquityMethodInvestmentOwnershipPercentage
On September 5, 2024, the $ 74,119,000 non-recourse mortgage loan on 606 Broadway, in which we hold a 50 % interest, matured and was not repaid, at which time the lender declared an event of default. As of December 31, 2024, the property has a carrying value of $ 53,886,000 , which is after an impairment charge recorded in the fourth quarter of 2023. We consolidate the joint venture. The loan currently bears interest at a floating rate of SOFR plus 1.91 % ( 6.39 % as of December 31, 2024) and provides for additional default interest of 3.00 %.
text
53886000
monetaryItemType
text: <entity> 53886000 </entity> <entity type> monetaryItemType </entity type> <context> On September 5, 2024, the $ 74,119,000 non-recourse mortgage loan on 606 Broadway, in which we hold a 50 % interest, matured and was not repaid, at which time the lender declared an event of default. As of December 31, 2024, the property has a carrying value of $ 53,886,000 , which is after an impairment charge recorded in the fourth quarter of 2023. We consolidate the joint venture. The loan currently bears interest at a floating rate of SOFR plus 1.91 % ( 6.39 % as of December 31, 2024) and provides for additional default interest of 3.00 %. </context>
us-gaap:DebtInstrumentCollateralAmount
On September 5, 2024, the $ 74,119,000 non-recourse mortgage loan on 606 Broadway, in which we hold a 50 % interest, matured and was not repaid, at which time the lender declared an event of default. As of December 31, 2024, the property has a carrying value of $ 53,886,000 , which is after an impairment charge recorded in the fourth quarter of 2023. We consolidate the joint venture. The loan currently bears interest at a floating rate of SOFR plus 1.91 % ( 6.39 % as of December 31, 2024) and provides for additional default interest of 3.00 %.
text
1.91
percentItemType
text: <entity> 1.91 </entity> <entity type> percentItemType </entity type> <context> On September 5, 2024, the $ 74,119,000 non-recourse mortgage loan on 606 Broadway, in which we hold a 50 % interest, matured and was not repaid, at which time the lender declared an event of default. As of December 31, 2024, the property has a carrying value of $ 53,886,000 , which is after an impairment charge recorded in the fourth quarter of 2023. We consolidate the joint venture. The loan currently bears interest at a floating rate of SOFR plus 1.91 % ( 6.39 % as of December 31, 2024) and provides for additional default interest of 3.00 %. </context>
us-gaap:DebtInstrumentBasisSpreadOnVariableRate1
On September 5, 2024, the $ 74,119,000 non-recourse mortgage loan on 606 Broadway, in which we hold a 50 % interest, matured and was not repaid, at which time the lender declared an event of default. As of December 31, 2024, the property has a carrying value of $ 53,886,000 , which is after an impairment charge recorded in the fourth quarter of 2023. We consolidate the joint venture. The loan currently bears interest at a floating rate of SOFR plus 1.91 % ( 6.39 % as of December 31, 2024) and provides for additional default interest of 3.00 %.
text
6.39
percentItemType
text: <entity> 6.39 </entity> <entity type> percentItemType </entity type> <context> On September 5, 2024, the $ 74,119,000 non-recourse mortgage loan on 606 Broadway, in which we hold a 50 % interest, matured and was not repaid, at which time the lender declared an event of default. As of December 31, 2024, the property has a carrying value of $ 53,886,000 , which is after an impairment charge recorded in the fourth quarter of 2023. We consolidate the joint venture. The loan currently bears interest at a floating rate of SOFR plus 1.91 % ( 6.39 % as of December 31, 2024) and provides for additional default interest of 3.00 %. </context>
us-gaap:DebtInstrumentInterestRateEffectivePercentage
Includes variable rate mortgages with interest rates fixed by interest rate swap arrangements and the $ 950,000 1290 Avenue of the Americas mortgage loan which is subject to a 1.00 % SOFR interest rate cap arrangement.
text
950000
monetaryItemType
text: <entity> 950000 </entity> <entity type> monetaryItemType </entity type> <context> Includes variable rate mortgages with interest rates fixed by interest rate swap arrangements and the $ 950,000 1290 Avenue of the Americas mortgage loan which is subject to a 1.00 % SOFR interest rate cap arrangement. </context>
us-gaap:DerivativeNotionalAmount
Includes variable rate mortgages with interest rates fixed by interest rate swap arrangements and the $ 950,000 1290 Avenue of the Americas mortgage loan which is subject to a 1.00 % SOFR interest rate cap arrangement.
text
1.00
percentItemType
text: <entity> 1.00 </entity> <entity type> percentItemType </entity type> <context> Includes variable rate mortgages with interest rates fixed by interest rate swap arrangements and the $ 950,000 1290 Avenue of the Americas mortgage loan which is subject to a 1.00 % SOFR interest rate cap arrangement. </context>
us-gaap:DerivativeCapInterestRate
Includes variable rate mortgages subject to interest rate cap arrangements, except for the 1290 Avenue of the Americas mortgage loan discussed above. As of December 31, 2024, $ 960,000 of our variable rate debt was subject to interest rate cap arrangements. The interest rate cap arrangements have a weighted average strike rate of 4.79 % and a weighted average remaining term of four months .
text
960000
monetaryItemType
text: <entity> 960000 </entity> <entity type> monetaryItemType </entity type> <context> Includes variable rate mortgages subject to interest rate cap arrangements, except for the 1290 Avenue of the Americas mortgage loan discussed above. As of December 31, 2024, $ 960,000 of our variable rate debt was subject to interest rate cap arrangements. The interest rate cap arrangements have a weighted average strike rate of 4.79 % and a weighted average remaining term of four months . </context>
us-gaap:DerivativeNotionalAmount
Includes variable rate mortgages subject to interest rate cap arrangements, except for the 1290 Avenue of the Americas mortgage loan discussed above. As of December 31, 2024, $ 960,000 of our variable rate debt was subject to interest rate cap arrangements. The interest rate cap arrangements have a weighted average strike rate of 4.79 % and a weighted average remaining term of four months .
text
4.79
percentItemType
text: <entity> 4.79 </entity> <entity type> percentItemType </entity type> <context> Includes variable rate mortgages subject to interest rate cap arrangements, except for the 1290 Avenue of the Americas mortgage loan discussed above. As of December 31, 2024, $ 960,000 of our variable rate debt was subject to interest rate cap arrangements. The interest rate cap arrangements have a weighted average strike rate of 4.79 % and a weighted average remaining term of four months . </context>
us-gaap:DerivativeCapInterestRate
As of December 31, 2024, the principal maturities of mortgages payable and unsecured debt, including as-of-right extension options, for the next five years and thereafter are presented below. The below excludes the $ 74,119,000 mortgage loan on 606 Broadway which is in maturity default. See above for further details.
text
74119000
monetaryItemType
text: <entity> 74119000 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the principal maturities of mortgages payable and unsecured debt, including as-of-right extension options, for the next five years and thereafter are presented below. The below excludes the $ 74,119,000 mortgage loan on 606 Broadway which is in maturity default. See above for further details. </context>
us-gaap:LongTermDebt
We repaid our $ 450,000 3.50 % senior unsecured notes on their January 15, 2025 maturity date.
text
450000
monetaryItemType
text: <entity> 450000 </entity> <entity type> monetaryItemType </entity type> <context> We repaid our $ 450,000 3.50 % senior unsecured notes on their January 15, 2025 maturity date. </context>
us-gaap:RepaymentsOfDebt
We repaid our $ 450,000 3.50 % senior unsecured notes on their January 15, 2025 maturity date.
text
3.50
percentItemType
text: <entity> 3.50 </entity> <entity type> percentItemType </entity type> <context> We repaid our $ 450,000 3.50 % senior unsecured notes on their January 15, 2025 maturity date. </context>
us-gaap:DebtInstrumentInterestRateStatedPercentage
Redeemable noncontrolling partnership units exclude our Series G-1 through G-4 convertible preferred units and Series D-13 cumulative redeemable preferred units, as they are accounted for as liabilities in accordance with ASC Topic 480, Distinguishing Liabilities and Equity. Accordingly, the fair value of these units is included as a component of "other liabilities" on our consolidated balance sheets and aggregated $ 49,684,000 and $ 49,386,000 as of December 31, 2024 and 2023, respectively. Changes in the value from period-to-period, if any, are charged to “interest and debt expense” on our consolidated statements of income.
text
49684000
monetaryItemType
text: <entity> 49684000 </entity> <entity type> monetaryItemType </entity type> <context> Redeemable noncontrolling partnership units exclude our Series G-1 through G-4 convertible preferred units and Series D-13 cumulative redeemable preferred units, as they are accounted for as liabilities in accordance with ASC Topic 480, Distinguishing Liabilities and Equity. Accordingly, the fair value of these units is included as a component of "other liabilities" on our consolidated balance sheets and aggregated $ 49,684,000 and $ 49,386,000 as of December 31, 2024 and 2023, respectively. Changes in the value from period-to-period, if any, are charged to “interest and debt expense” on our consolidated statements of income. </context>
us-gaap:SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares
Redeemable noncontrolling partnership units exclude our Series G-1 through G-4 convertible preferred units and Series D-13 cumulative redeemable preferred units, as they are accounted for as liabilities in accordance with ASC Topic 480, Distinguishing Liabilities and Equity. Accordingly, the fair value of these units is included as a component of "other liabilities" on our consolidated balance sheets and aggregated $ 49,684,000 and $ 49,386,000 as of December 31, 2024 and 2023, respectively. Changes in the value from period-to-period, if any, are charged to “interest and debt expense” on our consolidated statements of income.
text
49386000
monetaryItemType
text: <entity> 49386000 </entity> <entity type> monetaryItemType </entity type> <context> Redeemable noncontrolling partnership units exclude our Series G-1 through G-4 convertible preferred units and Series D-13 cumulative redeemable preferred units, as they are accounted for as liabilities in accordance with ASC Topic 480, Distinguishing Liabilities and Equity. Accordingly, the fair value of these units is included as a component of "other liabilities" on our consolidated balance sheets and aggregated $ 49,684,000 and $ 49,386,000 as of December 31, 2024 and 2023, respectively. Changes in the value from period-to-period, if any, are charged to “interest and debt expense” on our consolidated statements of income. </context>
us-gaap:SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares
A consolidated joint venture in which we own a 95 % interest, developed and owns the Farley Building (the "Farley Project"). As of December 31, 2024, a historic tax credit investor (the "Tax Credit Investor") has funded $ 208,407,000 of capital contributions to the Farley Project in connection with the development.
text
95
percentItemType
text: <entity> 95 </entity> <entity type> percentItemType </entity type> <context> A consolidated joint venture in which we own a 95 % interest, developed and owns the Farley Building (the "Farley Project"). As of December 31, 2024, a historic tax credit investor (the "Tax Credit Investor") has funded $ 208,407,000 of capital contributions to the Farley Project in connection with the development. </context>
us-gaap:EquityMethodInvestmentOwnershipPercentage
A consolidated joint venture in which we own a 95 % interest, developed and owns the Farley Building (the "Farley Project"). As of December 31, 2024, a historic tax credit investor (the "Tax Credit Investor") has funded $ 208,407,000 of capital contributions to the Farley Project in connection with the development.
text
208407000
monetaryItemType
text: <entity> 208407000 </entity> <entity type> monetaryItemType </entity type> <context> A consolidated joint venture in which we own a 95 % interest, developed and owns the Farley Building (the "Farley Project"). As of December 31, 2024, a historic tax credit investor (the "Tax Credit Investor") has funded $ 208,407,000 of capital contributions to the Farley Project in connection with the development. </context>
us-gaap:OtherOwnershipInterestsValue
As of December 31, 2024, there were 190,846,580 common shares outstanding. During 2024, we paid an aggregate of $ 141,103,000 of common dividends at an annual rate of $ 0.74 per share.
text
190846580
sharesItemType
text: <entity> 190846580 </entity> <entity type> sharesItemType </entity type> <context> As of December 31, 2024, there were 190,846,580 common shares outstanding. During 2024, we paid an aggregate of $ 141,103,000 of common dividends at an annual rate of $ 0.74 per share. </context>
us-gaap:CommonStockSharesOutstanding
As of December 31, 2024, there were 190,846,580 common shares outstanding. During 2024, we paid an aggregate of $ 141,103,000 of common dividends at an annual rate of $ 0.74 per share.
text
141103000
monetaryItemType
text: <entity> 141103000 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, there were 190,846,580 common shares outstanding. During 2024, we paid an aggregate of $ 141,103,000 of common dividends at an annual rate of $ 0.74 per share. </context>
us-gaap:DividendsCommonStock
As of December 31, 2024, there were 190,846,580 common shares outstanding. During 2024, we paid an aggregate of $ 141,103,000 of common dividends at an annual rate of $ 0.74 per share.
text
0.74
perShareItemType
text: <entity> 0.74 </entity> <entity type> perShareItemType </entity type> <context> As of December 31, 2024, there were 190,846,580 common shares outstanding. During 2024, we paid an aggregate of $ 141,103,000 of common dividends at an annual rate of $ 0.74 per share. </context>
us-gaap:DividendsPayableAmountPerShare
As of December 31, 2024, there were 190,846,580 Class A units outstanding that were held by Vornado. These units are classified as “partners’ capital” on the consolidated balance sheets of the Operating Partnership. As of December 31, 2024, there were 16,850,803 Class A units outstanding, that were held by third parties. These units are classified outside of “partners’ capital” as “redeemable partnership units” on the consolidated balance sheets of the Operating Partnership (see Note 9 –
text
190846580
sharesItemType
text: <entity> 190846580 </entity> <entity type> sharesItemType </entity type> <context> As of December 31, 2024, there were 190,846,580 Class A units outstanding that were held by Vornado. These units are classified as “partners’ capital” on the consolidated balance sheets of the Operating Partnership. As of December 31, 2024, there were 16,850,803 Class A units outstanding, that were held by third parties. These units are classified outside of “partners’ capital” as “redeemable partnership units” on the consolidated balance sheets of the Operating Partnership (see Note 9 – </context>
us-gaap:CommonStockSharesOutstanding
As of December 31, 2024, there were 190,846,580 Class A units outstanding that were held by Vornado. These units are classified as “partners’ capital” on the consolidated balance sheets of the Operating Partnership. As of December 31, 2024, there were 16,850,803 Class A units outstanding, that were held by third parties. These units are classified outside of “partners’ capital” as “redeemable partnership units” on the consolidated balance sheets of the Operating Partnership (see Note 9 –
text
16850803
sharesItemType
text: <entity> 16850803 </entity> <entity type> sharesItemType </entity type> <context> As of December 31, 2024, there were 190,846,580 Class A units outstanding that were held by Vornado. These units are classified as “partners’ capital” on the consolidated balance sheets of the Operating Partnership. As of December 31, 2024, there were 16,850,803 Class A units outstanding, that were held by third parties. These units are classified outside of “partners’ capital” as “redeemable partnership units” on the consolidated balance sheets of the Operating Partnership (see Note 9 – </context>
us-gaap:TemporaryEquitySharesOutstanding
). During 2024, the Operating Partnership paid an aggregate of $ 141,103,000 of distributions to Vornado at an annual rate of $ 0.74 per unit.
text
141103000
monetaryItemType
text: <entity> 141103000 </entity> <entity type> monetaryItemType </entity type> <context> ). During 2024, the Operating Partnership paid an aggregate of $ 141,103,000 of distributions to Vornado at an annual rate of $ 0.74 per unit. </context>
us-gaap:DividendsCommonStock
). During 2024, the Operating Partnership paid an aggregate of $ 141,103,000 of distributions to Vornado at an annual rate of $ 0.74 per unit.
text
0.74
perShareItemType
text: <entity> 0.74 </entity> <entity type> perShareItemType </entity type> <context> ). During 2024, the Operating Partnership paid an aggregate of $ 141,103,000 of distributions to Vornado at an annual rate of $ 0.74 per unit. </context>
us-gaap:DividendsPayableAmountPerShare
During the year ended December 31, 2024, no shares were repurchased. In total, Vornado has repurchased 2,024,495 common shares for $ 29,143,000 at an average price per share of $ 14.40 . As of December 31, 2024, $ 170,857,000 remained available and authorized for repurchases.
text
no
sharesItemType
text: <entity> no </entity> <entity type> sharesItemType </entity type> <context> During the year ended December 31, 2024, no shares were repurchased. In total, Vornado has repurchased 2,024,495 common shares for $ 29,143,000 at an average price per share of $ 14.40 . As of December 31, 2024, $ 170,857,000 remained available and authorized for repurchases. </context>
us-gaap:StockRepurchasedDuringPeriodShares
During the year ended December 31, 2024, no shares were repurchased. In total, Vornado has repurchased 2,024,495 common shares for $ 29,143,000 at an average price per share of $ 14.40 . As of December 31, 2024, $ 170,857,000 remained available and authorized for repurchases.
text
2024495
sharesItemType
text: <entity> 2024495 </entity> <entity type> sharesItemType </entity type> <context> During the year ended December 31, 2024, no shares were repurchased. In total, Vornado has repurchased 2,024,495 common shares for $ 29,143,000 at an average price per share of $ 14.40 . As of December 31, 2024, $ 170,857,000 remained available and authorized for repurchases. </context>
us-gaap:StockRepurchasedDuringPeriodShares
During the year ended December 31, 2024, no shares were repurchased. In total, Vornado has repurchased 2,024,495 common shares for $ 29,143,000 at an average price per share of $ 14.40 . As of December 31, 2024, $ 170,857,000 remained available and authorized for repurchases.
text
29143000
monetaryItemType
text: <entity> 29143000 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, no shares were repurchased. In total, Vornado has repurchased 2,024,495 common shares for $ 29,143,000 at an average price per share of $ 14.40 . As of December 31, 2024, $ 170,857,000 remained available and authorized for repurchases. </context>
us-gaap:StockRepurchasedDuringPeriodValue
During the year ended December 31, 2024, no shares were repurchased. In total, Vornado has repurchased 2,024,495 common shares for $ 29,143,000 at an average price per share of $ 14.40 . As of December 31, 2024, $ 170,857,000 remained available and authorized for repurchases.
text
14.40
perShareItemType
text: <entity> 14.40 </entity> <entity type> perShareItemType </entity type> <context> During the year ended December 31, 2024, no shares were repurchased. In total, Vornado has repurchased 2,024,495 common shares for $ 29,143,000 at an average price per share of $ 14.40 . As of December 31, 2024, $ 170,857,000 remained available and authorized for repurchases. </context>
us-gaap:TreasuryStockAcquiredAverageCostPerShare
During the year ended December 31, 2024, no shares were repurchased. In total, Vornado has repurchased 2,024,495 common shares for $ 29,143,000 at an average price per share of $ 14.40 . As of December 31, 2024, $ 170,857,000 remained available and authorized for repurchases.
text
170857000
monetaryItemType
text: <entity> 170857000 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, no shares were repurchased. In total, Vornado has repurchased 2,024,495 common shares for $ 29,143,000 at an average price per share of $ 14.40 . As of December 31, 2024, $ 170,857,000 remained available and authorized for repurchases. </context>
us-gaap:StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
The following table sets forth the details of our preferred shares of beneficial interest and the preferred units of the Operating Partnership outstanding as of December 31, 2024 and 2023. During 2024, we paid $ 62,112,000 in preferred dividends.
text
62112000
monetaryItemType
text: <entity> 62112000 </entity> <entity type> monetaryItemType </entity type> <context> The following table sets forth the details of our preferred shares of beneficial interest and the preferred units of the Operating Partnership outstanding as of December 31, 2024 and 2023. During 2024, we paid $ 62,112,000 in preferred dividends. </context>
us-gaap:DividendsPreferredStock
Under the Plan, awards may be granted up to a maximum 10,800,000 shares, if all awards granted are Full Value awards, as defined in the Plan, and up to 21,600,000 shares, if all of the awards granted are Not Full Value Awards, as defined in the Plan. Full Value Awards are securities that have a value equivalent to the underlying Vornado common share or Class A unit of the Operating Partnership, such as restricted Vornado common shares or LTIP Units. Vornado stock options, AO LTIP Units and Performance AO LTIP Units are Not Full Value Awards; these securities require the payment of an exercise price. As of December 31, 2024, Vornado has approximately 1,261,000 shares available for future grants under the Plan, if all awards granted are Full Value Awards, as defined.
text
10800000
sharesItemType
text: <entity> 10800000 </entity> <entity type> sharesItemType </entity type> <context> Under the Plan, awards may be granted up to a maximum 10,800,000 shares, if all awards granted are Full Value awards, as defined in the Plan, and up to 21,600,000 shares, if all of the awards granted are Not Full Value Awards, as defined in the Plan. Full Value Awards are securities that have a value equivalent to the underlying Vornado common share or Class A unit of the Operating Partnership, such as restricted Vornado common shares or LTIP Units. Vornado stock options, AO LTIP Units and Performance AO LTIP Units are Not Full Value Awards; these securities require the payment of an exercise price. As of December 31, 2024, Vornado has approximately 1,261,000 shares available for future grants under the Plan, if all awards granted are Full Value Awards, as defined. </context>
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
Under the Plan, awards may be granted up to a maximum 10,800,000 shares, if all awards granted are Full Value awards, as defined in the Plan, and up to 21,600,000 shares, if all of the awards granted are Not Full Value Awards, as defined in the Plan. Full Value Awards are securities that have a value equivalent to the underlying Vornado common share or Class A unit of the Operating Partnership, such as restricted Vornado common shares or LTIP Units. Vornado stock options, AO LTIP Units and Performance AO LTIP Units are Not Full Value Awards; these securities require the payment of an exercise price. As of December 31, 2024, Vornado has approximately 1,261,000 shares available for future grants under the Plan, if all awards granted are Full Value Awards, as defined.
text
21600000
sharesItemType
text: <entity> 21600000 </entity> <entity type> sharesItemType </entity type> <context> Under the Plan, awards may be granted up to a maximum 10,800,000 shares, if all awards granted are Full Value awards, as defined in the Plan, and up to 21,600,000 shares, if all of the awards granted are Not Full Value Awards, as defined in the Plan. Full Value Awards are securities that have a value equivalent to the underlying Vornado common share or Class A unit of the Operating Partnership, such as restricted Vornado common shares or LTIP Units. Vornado stock options, AO LTIP Units and Performance AO LTIP Units are Not Full Value Awards; these securities require the payment of an exercise price. As of December 31, 2024, Vornado has approximately 1,261,000 shares available for future grants under the Plan, if all awards granted are Full Value Awards, as defined. </context>
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
Under the Plan, awards may be granted up to a maximum 10,800,000 shares, if all awards granted are Full Value awards, as defined in the Plan, and up to 21,600,000 shares, if all of the awards granted are Not Full Value Awards, as defined in the Plan. Full Value Awards are securities that have a value equivalent to the underlying Vornado common share or Class A unit of the Operating Partnership, such as restricted Vornado common shares or LTIP Units. Vornado stock options, AO LTIP Units and Performance AO LTIP Units are Not Full Value Awards; these securities require the payment of an exercise price. As of December 31, 2024, Vornado has approximately 1,261,000 shares available for future grants under the Plan, if all awards granted are Full Value Awards, as defined.
text
1261000
sharesItemType
text: <entity> 1261000 </entity> <entity type> sharesItemType </entity type> <context> Under the Plan, awards may be granted up to a maximum 10,800,000 shares, if all awards granted are Full Value awards, as defined in the Plan, and up to 21,600,000 shares, if all of the awards granted are Not Full Value Awards, as defined in the Plan. Full Value Awards are securities that have a value equivalent to the underlying Vornado common share or Class A unit of the Operating Partnership, such as restricted Vornado common shares or LTIP Units. Vornado stock options, AO LTIP Units and Performance AO LTIP Units are Not Full Value Awards; these securities require the payment of an exercise price. As of December 31, 2024, Vornado has approximately 1,261,000 shares available for future grants under the Plan, if all awards granted are Full Value Awards, as defined. </context>
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
There were no LTPP Units granted during the year ended December 31, 2024. LTPP Units granted during the years ended December 31, 2023 and 2022 had grant date fair values of $ 9,491,000 and $ 7,847,000 , respectively. During the years ended December 31, 2023 and 2022, $ 4,670,000 and $ 4,033,000 , respectively, was immediately expensed on the respective grant date due to acceleration of vesting for employees who are retirement eligible (have reached age 65 or age 60 with at least 20 years of service).
text
4670000
monetaryItemType
text: <entity> 4670000 </entity> <entity type> monetaryItemType </entity type> <context> There were no LTPP Units granted during the year ended December 31, 2024. LTPP Units granted during the years ended December 31, 2023 and 2022 had grant date fair values of $ 9,491,000 and $ 7,847,000 , respectively. During the years ended December 31, 2023 and 2022, $ 4,670,000 and $ 4,033,000 , respectively, was immediately expensed on the respective grant date due to acceleration of vesting for employees who are retirement eligible (have reached age 65 or age 60 with at least 20 years of service). </context>
us-gaap:AllocatedShareBasedCompensationExpenseNetOfTax
There were no LTPP Units granted during the year ended December 31, 2024. LTPP Units granted during the years ended December 31, 2023 and 2022 had grant date fair values of $ 9,491,000 and $ 7,847,000 , respectively. During the years ended December 31, 2023 and 2022, $ 4,670,000 and $ 4,033,000 , respectively, was immediately expensed on the respective grant date due to acceleration of vesting for employees who are retirement eligible (have reached age 65 or age 60 with at least 20 years of service).
text
4033000
monetaryItemType
text: <entity> 4033000 </entity> <entity type> monetaryItemType </entity type> <context> There were no LTPP Units granted during the year ended December 31, 2024. LTPP Units granted during the years ended December 31, 2023 and 2022 had grant date fair values of $ 9,491,000 and $ 7,847,000 , respectively. During the years ended December 31, 2023 and 2022, $ 4,670,000 and $ 4,033,000 , respectively, was immediately expensed on the respective grant date due to acceleration of vesting for employees who are retirement eligible (have reached age 65 or age 60 with at least 20 years of service). </context>
us-gaap:AllocatedShareBasedCompensationExpenseNetOfTax
In total, 240,027 units were earned under the 2022 LTPP plan, which includes 168,371 units earned in February 2025.
text
240027
sharesItemType
text: <entity> 240027 </entity> <entity type> sharesItemType </entity type> <context> In total, 240,027 units were earned under the 2022 LTPP plan, which includes 168,371 units earned in February 2025. </context>
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
In total, 240,027 units were earned under the 2022 LTPP plan, which includes 168,371 units earned in February 2025.
text
168371
sharesItemType
text: <entity> 168371 </entity> <entity type> sharesItemType </entity type> <context> In total, 240,027 units were earned under the 2022 LTPP plan, which includes 168,371 units earned in February 2025. </context>
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
In February 2025, 827,644 units were earned under the 2021 OPP plan.
text
827644
sharesItemType
text: <entity> 827644 </entity> <entity type> sharesItemType </entity type> <context> In February 2025, 827,644 units were earned under the 2021 OPP plan. </context>
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
There were no Vornado stock options exercised during the years ended December 31, 2024 and 2023. Cash received from Vornado stock option exercises for the year ended December 31, 2022 was $ 7,000 . The total intrinsic value of Vornado stock options exercised during the year ended December 31, 2022 was $ 842 . As of December 31, 2024, the aggregate intrinsic value of outstanding and exercisable Vornado stock options was $ 132,527 .
text
7000
monetaryItemType
text: <entity> 7000 </entity> <entity type> monetaryItemType </entity type> <context> There were no Vornado stock options exercised during the years ended December 31, 2024 and 2023. Cash received from Vornado stock option exercises for the year ended December 31, 2022 was $ 7,000 . The total intrinsic value of Vornado stock options exercised during the year ended December 31, 2022 was $ 842 . As of December 31, 2024, the aggregate intrinsic value of outstanding and exercisable Vornado stock options was $ 132,527 . </context>
us-gaap:ProceedsFromStockOptionsExercised
There were no Vornado stock options exercised during the years ended December 31, 2024 and 2023. Cash received from Vornado stock option exercises for the year ended December 31, 2022 was $ 7,000 . The total intrinsic value of Vornado stock options exercised during the year ended December 31, 2022 was $ 842 . As of December 31, 2024, the aggregate intrinsic value of outstanding and exercisable Vornado stock options was $ 132,527 .
text
842
monetaryItemType
text: <entity> 842 </entity> <entity type> monetaryItemType </entity type> <context> There were no Vornado stock options exercised during the years ended December 31, 2024 and 2023. Cash received from Vornado stock option exercises for the year ended December 31, 2022 was $ 7,000 . The total intrinsic value of Vornado stock options exercised during the year ended December 31, 2022 was $ 842 . As of December 31, 2024, the aggregate intrinsic value of outstanding and exercisable Vornado stock options was $ 132,527 . </context>
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
On June 29, 2023, the Committee granted 14,368,750 Performance AO LTIP Units to a broad group of employees of the Company including its named executive officers. Each Performance AO LTIP Unit is potentially convertible into a number of Class A Units, determined by reference to the excess of the closing market price of Vornado common shares on the NYSE on the date of conversion over $ 16.87 . During 2024, the performance conditions under the 2023 Performance AO LTIP plan were satisfied in full following a greater than 75 % increase in the share price above the grant date share price. As of December 31, 2024, the aggregate intrinsic value of outstanding Performance AO LTIP Units was $ 360,416,000 . The 2023 Performance AO LTIP units remain subject to time-based vesting requirements.
text
14368750
sharesItemType
text: <entity> 14368750 </entity> <entity type> sharesItemType </entity type> <context> On June 29, 2023, the Committee granted 14,368,750 Performance AO LTIP Units to a broad group of employees of the Company including its named executive officers. Each Performance AO LTIP Unit is potentially convertible into a number of Class A Units, determined by reference to the excess of the closing market price of Vornado common shares on the NYSE on the date of conversion over $ 16.87 . During 2024, the performance conditions under the 2023 Performance AO LTIP plan were satisfied in full following a greater than 75 % increase in the share price above the grant date share price. As of December 31, 2024, the aggregate intrinsic value of outstanding Performance AO LTIP Units was $ 360,416,000 . The 2023 Performance AO LTIP units remain subject to time-based vesting requirements. </context>
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
On June 29, 2023, the Committee granted 14,368,750 Performance AO LTIP Units to a broad group of employees of the Company including its named executive officers. Each Performance AO LTIP Unit is potentially convertible into a number of Class A Units, determined by reference to the excess of the closing market price of Vornado common shares on the NYSE on the date of conversion over $ 16.87 . During 2024, the performance conditions under the 2023 Performance AO LTIP plan were satisfied in full following a greater than 75 % increase in the share price above the grant date share price. As of December 31, 2024, the aggregate intrinsic value of outstanding Performance AO LTIP Units was $ 360,416,000 . The 2023 Performance AO LTIP units remain subject to time-based vesting requirements.
text
16.87
perShareItemType
text: <entity> 16.87 </entity> <entity type> perShareItemType </entity type> <context> On June 29, 2023, the Committee granted 14,368,750 Performance AO LTIP Units to a broad group of employees of the Company including its named executive officers. Each Performance AO LTIP Unit is potentially convertible into a number of Class A Units, determined by reference to the excess of the closing market price of Vornado common shares on the NYSE on the date of conversion over $ 16.87 . During 2024, the performance conditions under the 2023 Performance AO LTIP plan were satisfied in full following a greater than 75 % increase in the share price above the grant date share price. As of December 31, 2024, the aggregate intrinsic value of outstanding Performance AO LTIP Units was $ 360,416,000 . The 2023 Performance AO LTIP units remain subject to time-based vesting requirements. </context>
us-gaap:SharePrice
On June 29, 2023, the Committee granted 14,368,750 Performance AO LTIP Units to a broad group of employees of the Company including its named executive officers. Each Performance AO LTIP Unit is potentially convertible into a number of Class A Units, determined by reference to the excess of the closing market price of Vornado common shares on the NYSE on the date of conversion over $ 16.87 . During 2024, the performance conditions under the 2023 Performance AO LTIP plan were satisfied in full following a greater than 75 % increase in the share price above the grant date share price. As of December 31, 2024, the aggregate intrinsic value of outstanding Performance AO LTIP Units was $ 360,416,000 . The 2023 Performance AO LTIP units remain subject to time-based vesting requirements.
text
360416000
monetaryItemType
text: <entity> 360416000 </entity> <entity type> monetaryItemType </entity type> <context> On June 29, 2023, the Committee granted 14,368,750 Performance AO LTIP Units to a broad group of employees of the Company including its named executive officers. Each Performance AO LTIP Unit is potentially convertible into a number of Class A Units, determined by reference to the excess of the closing market price of Vornado common shares on the NYSE on the date of conversion over $ 16.87 . During 2024, the performance conditions under the 2023 Performance AO LTIP plan were satisfied in full following a greater than 75 % increase in the share price above the grant date share price. As of December 31, 2024, the aggregate intrinsic value of outstanding Performance AO LTIP Units was $ 360,416,000 . The 2023 Performance AO LTIP units remain subject to time-based vesting requirements. </context>
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
The 2023 Performance AO LTIP Units will vest with respect to 20 % on the 3rd anniversary of the Grant Date, and the remaining 80 % will vest on the 4th anniversary of the Grant Date, subject to the recipient’s continued employment with the Company.
text
20
percentItemType
text: <entity> 20 </entity> <entity type> percentItemType </entity type> <context> The 2023 Performance AO LTIP Units will vest with respect to 20 % on the 3rd anniversary of the Grant Date, and the remaining 80 % will vest on the 4th anniversary of the Grant Date, subject to the recipient’s continued employment with the Company. </context>
us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
The 2023 Performance AO LTIP Units will vest with respect to 20 % on the 3rd anniversary of the Grant Date, and the remaining 80 % will vest on the 4th anniversary of the Grant Date, subject to the recipient’s continued employment with the Company.
text
80
percentItemType
text: <entity> 80 </entity> <entity type> percentItemType </entity type> <context> The 2023 Performance AO LTIP Units will vest with respect to 20 % on the 3rd anniversary of the Grant Date, and the remaining 80 % will vest on the 4th anniversary of the Grant Date, subject to the recipient’s continued employment with the Company. </context>
us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
There were no AO LTIP Units granted during the years ended December 31, 2024, 2023 and 2022. As of December 31, 2024, the aggregate intrinsic value of outstanding and exercisable AO LTIP Units was $ 592,728 .
text
592728
monetaryItemType
text: <entity> 592728 </entity> <entity type> monetaryItemType </entity type> <context> There were no AO LTIP Units granted during the years ended December 31, 2024, 2023 and 2022. As of December 31, 2024, the aggregate intrinsic value of outstanding and exercisable AO LTIP Units was $ 592,728 . </context>
us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
LTIP Units are granted at the average of the high and low market price of Vornado’s common shares on the NYSE on the date of grant, generally vest over a period of three to four years , and are subject to a taxable book-up event, as defined. Compensation expense related to LTIP Units is recognized ratably over the vesting period using a graded vesting attribution model. Distributions paid on unvested LTIP Units amounted to $ 2,160,000 , $ 1,302,000 and $ 2,197,000 in the years ended December 31, 2024, 2023 and 2022, respectively.
text
2160000
monetaryItemType
text: <entity> 2160000 </entity> <entity type> monetaryItemType </entity type> <context> LTIP Units are granted at the average of the high and low market price of Vornado’s common shares on the NYSE on the date of grant, generally vest over a period of three to four years , and are subject to a taxable book-up event, as defined. Compensation expense related to LTIP Units is recognized ratably over the vesting period using a graded vesting attribution model. Distributions paid on unvested LTIP Units amounted to $ 2,160,000 , $ 1,302,000 and $ 2,197,000 in the years ended December 31, 2024, 2023 and 2022, respectively. </context>
us-gaap:DividendsShareBasedCompensation
LTIP Units are granted at the average of the high and low market price of Vornado’s common shares on the NYSE on the date of grant, generally vest over a period of three to four years , and are subject to a taxable book-up event, as defined. Compensation expense related to LTIP Units is recognized ratably over the vesting period using a graded vesting attribution model. Distributions paid on unvested LTIP Units amounted to $ 2,160,000 , $ 1,302,000 and $ 2,197,000 in the years ended December 31, 2024, 2023 and 2022, respectively.
text
1302000
monetaryItemType
text: <entity> 1302000 </entity> <entity type> monetaryItemType </entity type> <context> LTIP Units are granted at the average of the high and low market price of Vornado’s common shares on the NYSE on the date of grant, generally vest over a period of three to four years , and are subject to a taxable book-up event, as defined. Compensation expense related to LTIP Units is recognized ratably over the vesting period using a graded vesting attribution model. Distributions paid on unvested LTIP Units amounted to $ 2,160,000 , $ 1,302,000 and $ 2,197,000 in the years ended December 31, 2024, 2023 and 2022, respectively. </context>
us-gaap:DividendsShareBasedCompensation
LTIP Units are granted at the average of the high and low market price of Vornado’s common shares on the NYSE on the date of grant, generally vest over a period of three to four years , and are subject to a taxable book-up event, as defined. Compensation expense related to LTIP Units is recognized ratably over the vesting period using a graded vesting attribution model. Distributions paid on unvested LTIP Units amounted to $ 2,160,000 , $ 1,302,000 and $ 2,197,000 in the years ended December 31, 2024, 2023 and 2022, respectively.
text
2197000
monetaryItemType
text: <entity> 2197000 </entity> <entity type> monetaryItemType </entity type> <context> LTIP Units are granted at the average of the high and low market price of Vornado’s common shares on the NYSE on the date of grant, generally vest over a period of three to four years , and are subject to a taxable book-up event, as defined. Compensation expense related to LTIP Units is recognized ratably over the vesting period using a graded vesting attribution model. Distributions paid on unvested LTIP Units amounted to $ 2,160,000 , $ 1,302,000 and $ 2,197,000 in the years ended December 31, 2024, 2023 and 2022, respectively. </context>
us-gaap:DividendsShareBasedCompensation
LTIP Units granted in 2024, 2023 and 2022 had a fair value of $ 2,104,000 , $ 45,468,000 and $ 15,446,000 , respectively. The fair value of LTIP Units that vested during the years ended December 31, 2024, 2023 and 2022 was $ 10,707,000 , $ 37,198,000 and $ 25,158,000 , respectively.
text
10707000
monetaryItemType
text: <entity> 10707000 </entity> <entity type> monetaryItemType </entity type> <context> LTIP Units granted in 2024, 2023 and 2022 had a fair value of $ 2,104,000 , $ 45,468,000 and $ 15,446,000 , respectively. The fair value of LTIP Units that vested during the years ended December 31, 2024, 2023 and 2022 was $ 10,707,000 , $ 37,198,000 and $ 25,158,000 , respectively. </context>
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
LTIP Units granted in 2024, 2023 and 2022 had a fair value of $ 2,104,000 , $ 45,468,000 and $ 15,446,000 , respectively. The fair value of LTIP Units that vested during the years ended December 31, 2024, 2023 and 2022 was $ 10,707,000 , $ 37,198,000 and $ 25,158,000 , respectively.
text
37198000
monetaryItemType
text: <entity> 37198000 </entity> <entity type> monetaryItemType </entity type> <context> LTIP Units granted in 2024, 2023 and 2022 had a fair value of $ 2,104,000 , $ 45,468,000 and $ 15,446,000 , respectively. The fair value of LTIP Units that vested during the years ended December 31, 2024, 2023 and 2022 was $ 10,707,000 , $ 37,198,000 and $ 25,158,000 , respectively. </context>
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
LTIP Units granted in 2024, 2023 and 2022 had a fair value of $ 2,104,000 , $ 45,468,000 and $ 15,446,000 , respectively. The fair value of LTIP Units that vested during the years ended December 31, 2024, 2023 and 2022 was $ 10,707,000 , $ 37,198,000 and $ 25,158,000 , respectively.
text
25158000
monetaryItemType
text: <entity> 25158000 </entity> <entity type> monetaryItemType </entity type> <context> LTIP Units granted in 2024, 2023 and 2022 had a fair value of $ 2,104,000 , $ 45,468,000 and $ 15,446,000 , respectively. The fair value of LTIP Units that vested during the years ended December 31, 2024, 2023 and 2022 was $ 10,707,000 , $ 37,198,000 and $ 25,158,000 , respectively. </context>
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
The calculation of diluted income (loss) per common share for the years ended December 31, 2024, 2023, and 2022 excluded weighted average potential common shares of 1,580 , 3,458 , and 1,706 , respectively, as their effect was antidilutive.
text
1580
sharesItemType
text: <entity> 1580 </entity> <entity type> sharesItemType </entity type> <context> The calculation of diluted income (loss) per common share for the years ended December 31, 2024, 2023, and 2022 excluded weighted average potential common shares of 1,580 , 3,458 , and 1,706 , respectively, as their effect was antidilutive. </context>
us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
The calculation of diluted income (loss) per common share for the years ended December 31, 2024, 2023, and 2022 excluded weighted average potential common shares of 1,580 , 3,458 , and 1,706 , respectively, as their effect was antidilutive.
text
3458
sharesItemType
text: <entity> 3458 </entity> <entity type> sharesItemType </entity type> <context> The calculation of diluted income (loss) per common share for the years ended December 31, 2024, 2023, and 2022 excluded weighted average potential common shares of 1,580 , 3,458 , and 1,706 , respectively, as their effect was antidilutive. </context>
us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
The calculation of diluted income (loss) per common share for the years ended December 31, 2024, 2023, and 2022 excluded weighted average potential common shares of 1,580 , 3,458 , and 1,706 , respectively, as their effect was antidilutive.
text
1706
sharesItemType
text: <entity> 1706 </entity> <entity type> sharesItemType </entity type> <context> The calculation of diluted income (loss) per common share for the years ended December 31, 2024, 2023, and 2022 excluded weighted average potential common shares of 1,580 , 3,458 , and 1,706 , respectively, as their effect was antidilutive. </context>
us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
The calculation of diluted income (loss) per Class A unit for the years ended December 31, 2024, 2023, and 2022 excluded weighted average potential Class A units of 1,580 , 3,458 , and 1,706 , respectively, as their effect was antidilutive.
text
1580
sharesItemType
text: <entity> 1580 </entity> <entity type> sharesItemType </entity type> <context> The calculation of diluted income (loss) per Class A unit for the years ended December 31, 2024, 2023, and 2022 excluded weighted average potential Class A units of 1,580 , 3,458 , and 1,706 , respectively, as their effect was antidilutive. </context>
us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
The calculation of diluted income (loss) per Class A unit for the years ended December 31, 2024, 2023, and 2022 excluded weighted average potential Class A units of 1,580 , 3,458 , and 1,706 , respectively, as their effect was antidilutive.
text
3458
sharesItemType
text: <entity> 3458 </entity> <entity type> sharesItemType </entity type> <context> The calculation of diluted income (loss) per Class A unit for the years ended December 31, 2024, 2023, and 2022 excluded weighted average potential Class A units of 1,580 , 3,458 , and 1,706 , respectively, as their effect was antidilutive. </context>
us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
The calculation of diluted income (loss) per Class A unit for the years ended December 31, 2024, 2023, and 2022 excluded weighted average potential Class A units of 1,580 , 3,458 , and 1,706 , respectively, as their effect was antidilutive.
text
1706
sharesItemType
text: <entity> 1706 </entity> <entity type> sharesItemType </entity type> <context> The calculation of diluted income (loss) per Class A unit for the years ended December 31, 2024, 2023, and 2022 excluded weighted average potential Class A units of 1,580 , 3,458 , and 1,706 , respectively, as their effect was antidilutive. </context>
us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
). As of December 31, 2024 and 2023, $ 261,443,000 and $ 109,220,000 , respectively, of the carrying amount of assets related to our unconsolidated VIEs was included in “investments in partially owned entities” on our consolidated balance sheets. Additionally, as of December 31, 2024, $ 52,530,000 was included in “other assets” on our consolidated balance sheets. Our maximum exposure to loss from our unconsolidated VIEs as of December 31, 2024 and 2023 was $ 316,973,000 and $ 196,394,000 , respectively.
text
261443000
monetaryItemType
text: <entity> 261443000 </entity> <entity type> monetaryItemType </entity type> <context> ). As of December 31, 2024 and 2023, $ 261,443,000 and $ 109,220,000 , respectively, of the carrying amount of assets related to our unconsolidated VIEs was included in “investments in partially owned entities” on our consolidated balance sheets. Additionally, as of December 31, 2024, $ 52,530,000 was included in “other assets” on our consolidated balance sheets. Our maximum exposure to loss from our unconsolidated VIEs as of December 31, 2024 and 2023 was $ 316,973,000 and $ 196,394,000 , respectively. </context>
us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
). As of December 31, 2024 and 2023, $ 261,443,000 and $ 109,220,000 , respectively, of the carrying amount of assets related to our unconsolidated VIEs was included in “investments in partially owned entities” on our consolidated balance sheets. Additionally, as of December 31, 2024, $ 52,530,000 was included in “other assets” on our consolidated balance sheets. Our maximum exposure to loss from our unconsolidated VIEs as of December 31, 2024 and 2023 was $ 316,973,000 and $ 196,394,000 , respectively.
text
109220000
monetaryItemType
text: <entity> 109220000 </entity> <entity type> monetaryItemType </entity type> <context> ). As of December 31, 2024 and 2023, $ 261,443,000 and $ 109,220,000 , respectively, of the carrying amount of assets related to our unconsolidated VIEs was included in “investments in partially owned entities” on our consolidated balance sheets. Additionally, as of December 31, 2024, $ 52,530,000 was included in “other assets” on our consolidated balance sheets. Our maximum exposure to loss from our unconsolidated VIEs as of December 31, 2024 and 2023 was $ 316,973,000 and $ 196,394,000 , respectively. </context>
us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
). As of December 31, 2024 and 2023, $ 261,443,000 and $ 109,220,000 , respectively, of the carrying amount of assets related to our unconsolidated VIEs was included in “investments in partially owned entities” on our consolidated balance sheets. Additionally, as of December 31, 2024, $ 52,530,000 was included in “other assets” on our consolidated balance sheets. Our maximum exposure to loss from our unconsolidated VIEs as of December 31, 2024 and 2023 was $ 316,973,000 and $ 196,394,000 , respectively.
text
52530000
monetaryItemType
text: <entity> 52530000 </entity> <entity type> monetaryItemType </entity type> <context> ). As of December 31, 2024 and 2023, $ 261,443,000 and $ 109,220,000 , respectively, of the carrying amount of assets related to our unconsolidated VIEs was included in “investments in partially owned entities” on our consolidated balance sheets. Additionally, as of December 31, 2024, $ 52,530,000 was included in “other assets” on our consolidated balance sheets. Our maximum exposure to loss from our unconsolidated VIEs as of December 31, 2024 and 2023 was $ 316,973,000 and $ 196,394,000 , respectively. </context>
us-gaap:OtherAssets
). As of December 31, 2024 and 2023, $ 261,443,000 and $ 109,220,000 , respectively, of the carrying amount of assets related to our unconsolidated VIEs was included in “investments in partially owned entities” on our consolidated balance sheets. Additionally, as of December 31, 2024, $ 52,530,000 was included in “other assets” on our consolidated balance sheets. Our maximum exposure to loss from our unconsolidated VIEs as of December 31, 2024 and 2023 was $ 316,973,000 and $ 196,394,000 , respectively.
text
316973000
monetaryItemType
text: <entity> 316973000 </entity> <entity type> monetaryItemType </entity type> <context> ). As of December 31, 2024 and 2023, $ 261,443,000 and $ 109,220,000 , respectively, of the carrying amount of assets related to our unconsolidated VIEs was included in “investments in partially owned entities” on our consolidated balance sheets. Additionally, as of December 31, 2024, $ 52,530,000 was included in “other assets” on our consolidated balance sheets. Our maximum exposure to loss from our unconsolidated VIEs as of December 31, 2024 and 2023 was $ 316,973,000 and $ 196,394,000 , respectively. </context>
us-gaap:GuaranteeObligationsMaximumExposure
). As of December 31, 2024 and 2023, $ 261,443,000 and $ 109,220,000 , respectively, of the carrying amount of assets related to our unconsolidated VIEs was included in “investments in partially owned entities” on our consolidated balance sheets. Additionally, as of December 31, 2024, $ 52,530,000 was included in “other assets” on our consolidated balance sheets. Our maximum exposure to loss from our unconsolidated VIEs as of December 31, 2024 and 2023 was $ 316,973,000 and $ 196,394,000 , respectively.
text
196394000
monetaryItemType
text: <entity> 196394000 </entity> <entity type> monetaryItemType </entity type> <context> ). As of December 31, 2024 and 2023, $ 261,443,000 and $ 109,220,000 , respectively, of the carrying amount of assets related to our unconsolidated VIEs was included in “investments in partially owned entities” on our consolidated balance sheets. Additionally, as of December 31, 2024, $ 52,530,000 was included in “other assets” on our consolidated balance sheets. Our maximum exposure to loss from our unconsolidated VIEs as of December 31, 2024 and 2023 was $ 316,973,000 and $ 196,394,000 , respectively. </context>
us-gaap:GuaranteeObligationsMaximumExposure
As of December 31, 2024, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,804,481,000 and $ 2,738,539,000 respectively. As of December 31, 2023, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,901,150,000 and $ 2,735,826,000 , respectively.
text
4804481000
monetaryItemType
text: <entity> 4804481000 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,804,481,000 and $ 2,738,539,000 respectively. As of December 31, 2023, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,901,150,000 and $ 2,735,826,000 , respectively. </context>
us-gaap:Assets
As of December 31, 2024, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,804,481,000 and $ 2,738,539,000 respectively. As of December 31, 2023, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,901,150,000 and $ 2,735,826,000 , respectively.
text
2738539000
monetaryItemType
text: <entity> 2738539000 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,804,481,000 and $ 2,738,539,000 respectively. As of December 31, 2023, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,901,150,000 and $ 2,735,826,000 , respectively. </context>
us-gaap:Liabilities
As of December 31, 2024, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,804,481,000 and $ 2,738,539,000 respectively. As of December 31, 2023, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,901,150,000 and $ 2,735,826,000 , respectively.
text
4901150000
monetaryItemType
text: <entity> 4901150000 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,804,481,000 and $ 2,738,539,000 respectively. As of December 31, 2023, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,901,150,000 and $ 2,735,826,000 , respectively. </context>
us-gaap:Assets
As of December 31, 2024, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,804,481,000 and $ 2,738,539,000 respectively. As of December 31, 2023, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,901,150,000 and $ 2,735,826,000 , respectively.
text
2735826000
monetaryItemType
text: <entity> 2735826000 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,804,481,000 and $ 2,738,539,000 respectively. As of December 31, 2023, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,901,150,000 and $ 2,735,826,000 , respectively. </context>
us-gaap:Liabilities
In January 2024, we entered into an interest rate swap arrangement for $ 250,000 of the $ 500,000 PENN 11 mortgage loan. Together with the existing swap arrangement the loan will bear interest at an all-in swapped rate of 6.28 % through October 2025.
text
250000
monetaryItemType
text: <entity> 250000 </entity> <entity type> monetaryItemType </entity type> <context> In January 2024, we entered into an interest rate swap arrangement for $ 250,000 of the $ 500,000 PENN 11 mortgage loan. Together with the existing swap arrangement the loan will bear interest at an all-in swapped rate of 6.28 % through October 2025. </context>
us-gaap:DerivativeAssetNotionalAmount
In January 2024, we entered into an interest rate swap arrangement for $ 250,000 of the $ 500,000 PENN 11 mortgage loan. Together with the existing swap arrangement the loan will bear interest at an all-in swapped rate of 6.28 % through October 2025.
text
500000
monetaryItemType
text: <entity> 500000 </entity> <entity type> monetaryItemType </entity type> <context> In January 2024, we entered into an interest rate swap arrangement for $ 250,000 of the $ 500,000 PENN 11 mortgage loan. Together with the existing swap arrangement the loan will bear interest at an all-in swapped rate of 6.28 % through October 2025. </context>
us-gaap:LongTermDebt
In January 2024, we entered into an interest rate swap arrangement for $ 250,000 of the $ 500,000 PENN 11 mortgage loan. Together with the existing swap arrangement the loan will bear interest at an all-in swapped rate of 6.28 % through October 2025.
text
6.28
percentItemType
text: <entity> 6.28 </entity> <entity type> percentItemType </entity type> <context> In January 2024, we entered into an interest rate swap arrangement for $ 250,000 of the $ 500,000 PENN 11 mortgage loan. Together with the existing swap arrangement the loan will bear interest at an all-in swapped rate of 6.28 % through October 2025. </context>
us-gaap:DerivativeFixedInterestRate
The remaining $ 58,057 mortgage loan balance bears interest at a floating rate of SOFR plus 1.80 % ( 6.35 % as of December 31, 2024).
text
58057
monetaryItemType
text: <entity> 58057 </entity> <entity type> monetaryItemType </entity type> <context> The remaining $ 58,057 mortgage loan balance bears interest at a floating rate of SOFR plus 1.80 % ( 6.35 % as of December 31, 2024). </context>
us-gaap:LongTermDebt
The remaining $ 58,057 mortgage loan balance bears interest at a floating rate of SOFR plus 1.80 % ( 6.35 % as of December 31, 2024).
text
1.80
percentItemType
text: <entity> 1.80 </entity> <entity type> percentItemType </entity type> <context> The remaining $ 58,057 mortgage loan balance bears interest at a floating rate of SOFR plus 1.80 % ( 6.35 % as of December 31, 2024). </context>
us-gaap:DerivativeBasisSpreadOnVariableRate
The remaining $ 58,057 mortgage loan balance bears interest at a floating rate of SOFR plus 1.80 % ( 6.35 % as of December 31, 2024).
text
6.35
percentItemType
text: <entity> 6.35 </entity> <entity type> percentItemType </entity type> <context> The remaining $ 58,057 mortgage loan balance bears interest at a floating rate of SOFR plus 1.80 % ( 6.35 % as of December 31, 2024). </context>
us-gaap:DerivativeVariableInterestRate
The remaining $ 23,600 mortgage loan balance bears interest at a floating rate of SOFR plus 1.50 % ( 6.05 % as of December 31, 2024).
text
23600
monetaryItemType
text: <entity> 23600 </entity> <entity type> monetaryItemType </entity type> <context> The remaining $ 23,600 mortgage loan balance bears interest at a floating rate of SOFR plus 1.50 % ( 6.05 % as of December 31, 2024). </context>
us-gaap:LongTermDebt
The remaining $ 23,600 mortgage loan balance bears interest at a floating rate of SOFR plus 1.50 % ( 6.05 % as of December 31, 2024).
text
1.50
percentItemType
text: <entity> 1.50 </entity> <entity type> percentItemType </entity type> <context> The remaining $ 23,600 mortgage loan balance bears interest at a floating rate of SOFR plus 1.50 % ( 6.05 % as of December 31, 2024). </context>
us-gaap:DerivativeBasisSpreadOnVariableRate
The remaining $ 23,600 mortgage loan balance bears interest at a floating rate of SOFR plus 1.50 % ( 6.05 % as of December 31, 2024).
text
6.05
percentItemType
text: <entity> 6.05 </entity> <entity type> percentItemType </entity type> <context> The remaining $ 23,600 mortgage loan balance bears interest at a floating rate of SOFR plus 1.50 % ( 6.05 % as of December 31, 2024). </context>
us-gaap:DerivativeVariableInterestRate
SOFR strike rate of 1.00 %. In connection with the arrangement, we made a $ 63,100 up-front payment in 2023, of which $ 18,930 was attributable to noncontrolling interests.
text
1.00
percentItemType
text: <entity> 1.00 </entity> <entity type> percentItemType </entity type> <context> SOFR strike rate of 1.00 %. In connection with the arrangement, we made a $ 63,100 up-front payment in 2023, of which $ 18,930 was attributable to noncontrolling interests. </context>
us-gaap:DerivativeCapInterestRate
SOFR cap strike rate of 3.89 %.
text
3.89
percentItemType
text: <entity> 3.89 </entity> <entity type> percentItemType </entity type> <context> SOFR cap strike rate of 3.89 %. </context>
us-gaap:DerivativeCapInterestRate
Excludes $ 39,300 and $ 53,163 of deferred financing costs, net and other as of December 31, 2024 and 2023, respectively.
text
39300
monetaryItemType
text: <entity> 39300 </entity> <entity type> monetaryItemType </entity type> <context> Excludes $ 39,300 and $ 53,163 of deferred financing costs, net and other as of December 31, 2024 and 2023, respectively. </context>
us-gaap:DeferredFinanceCostsNet
Excludes $ 39,300 and $ 53,163 of deferred financing costs, net and other as of December 31, 2024 and 2023, respectively.
text
53163
monetaryItemType
text: <entity> 53163 </entity> <entity type> monetaryItemType </entity type> <context> Excludes $ 39,300 and $ 53,163 of deferred financing costs, net and other as of December 31, 2024 and 2023, respectively. </context>
us-gaap:DeferredFinanceCostsNet
On November 6, 2024, the $ 145,000 non-recourse mortgage loan on Lucida, a property owned by the Vornado Capital Partners Real Estate Fund, in which we own a 25 % interest, matured and was not repaid.
text
145000
monetaryItemType
text: <entity> 145000 </entity> <entity type> monetaryItemType </entity type> <context> On November 6, 2024, the $ 145,000 non-recourse mortgage loan on Lucida, a property owned by the Vornado Capital Partners Real Estate Fund, in which we own a 25 % interest, matured and was not repaid. </context>
us-gaap:LongTermDebt
On November 6, 2024, the $ 145,000 non-recourse mortgage loan on Lucida, a property owned by the Vornado Capital Partners Real Estate Fund, in which we own a 25 % interest, matured and was not repaid.
text
25
percentItemType
text: <entity> 25 </entity> <entity type> percentItemType </entity type> <context> On November 6, 2024, the $ 145,000 non-recourse mortgage loan on Lucida, a property owned by the Vornado Capital Partners Real Estate Fund, in which we own a 25 % interest, matured and was not repaid. </context>
us-gaap:EquityMethodInvestmentOwnershipPercentage