v3.26.1
Mortgages Payable - Schedule of Outstanding Mortgages Payable (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Notes Payable $ 832,002   $ 829,451
PIK interest expense 1,905 $ 0  
Mortgages      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Notes payable, gross 838,596   836,691
Deferred debt issuance costs, net of accumulated amortization of $5,907 and $5,263, respectively (6,594)   (7,240)
Deferred debt issuance costs, accumulated amortization $ 5,907   5,263
Mortgages | 731 Lexington Avenue | Office Space      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Interest rate 5.04%    
Notes payable, gross $ 400,000   400,000
Mortgages | 731 Lexington Avenue | Retail Space      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Interest rate 4.55%    
Notes payable, gross $ 169,596   167,691
PIK interest expense $ 2,096   191
Mortgages | Rego Park II | Retail Space      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Interest rate 5.67%    
Notes payable, gross $ 175,000   175,000
Rate spread 2.00%    
Mortgages | Rego Park II | Retail Space | Maximum      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Rate spread 4.50%    
Mortgages | The Alexander apartment tower | Retail Space      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Interest rate 2.63%    
Notes payable, gross $ 94,000   $ 94,000