Note 4 - Notes Payable (Details Textual)
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1 Months Ended |
2 Months Ended |
3 Months Ended |
132 Months Ended |
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Oct. 06, 2025 |
Oct. 01, 2025
USD ($)
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Sep. 30, 2025
USD ($)
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May 02, 2025
USD ($)
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May 01, 2025
USD ($)
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Oct. 28, 2024
USD ($)
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Feb. 23, 2024
USD ($)
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Sep. 15, 2023
USD ($)
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Aug. 10, 2023
USD ($)
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Feb. 10, 2023 |
Feb. 09, 2023
USD ($)
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Dec. 22, 2021
USD ($)
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Aug. 10, 2021
USD ($)
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Feb. 18, 2021
USD ($)
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May 08, 2020
USD ($)
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May 31, 2019
USD ($)
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Jun. 27, 2016
USD ($)
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Apr. 30, 2025
USD ($)
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Apr. 30, 2022
USD ($)
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Jun. 30, 2025
USD ($)
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Mar. 31, 2026
USD ($)
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Mar. 31, 2025
USD ($)
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Jul. 31, 2028
USD ($)
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Dec. 31, 2025
USD ($)
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Dec. 30, 2025
USD ($)
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Dec. 24, 2025
USD ($)
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Dec. 18, 2025 |
Jul. 28, 2025
USD ($)
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May 15, 2025
USD ($)
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May 08, 2025
USD ($)
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Mar. 18, 2025
USD ($)
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Nov. 11, 2024
USD ($)
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Dec. 31, 2023
USD ($)
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Jun. 30, 2023 |
Dec. 31, 2022
USD ($)
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Nov. 08, 2019
USD ($)
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Feb. 21, 2018
USD ($)
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| Debt, gross |
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$ 1,285,799,000
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| Interest Paid, Excluding Capitalized Interest, Operating Activity |
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10,609,000
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$ 11,188,000
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| Interest Expense, Debt |
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$ 1,700,000
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| 250 Livingston Street in Brooklyn [Member] |
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| Rent Payments Per Annum |
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$ 15,400,000
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| 141 Livingston Street, Brooklyn [Member] |
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| Rent Payments Per Annum |
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10,300,000
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| 141 Livingston Street, Brooklyn [Member] | Wells Fargo Bank v Borrower and Operating Partnership [Member] |
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| Lessor, Operating Lease, Renewal Term |
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5 years
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| Lessor, Operating Lease, Termination Period |
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2 years
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| Lessor, Operating Lease, Termination Notice Period |
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6 months
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| Litigation Settlement, Amount Awarded to Other Party, Per Month |
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$ 2,000,000
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| Litigation Settlement, Amount Awarded to Other Party |
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$ 10,000,000
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| Letters of Credit Outstanding, Amount |
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$ 10,000,000
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$ 10,000,000
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| Debt Instrument, Fee Amount |
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$ 2,200,000
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| Lessee, Operating Lease, Term of Contract |
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5 years
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| Dean Street, Prospect Heights [Member] | US Bank [Member] | Interest Rate Cap [Member] |
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| Derivative, Fixed Interest Rate |
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6.00%
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| BADF 953 Dean Street Lender LLC [Member] | Dean Street, Prospect Heights [Member] |
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| Line of Credit Facility, Maximum Borrowing Capacity |
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$ 8,000,000
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| Secured First Mortgage Loan [Member] | New York Community Bank [Member] | Flatbush Gardens, Brooklyn, NY [Member] |
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| Debt Instrument, Face Amount |
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$ 329,000,000
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| Debt Instrument, Interest Rate, Stated Percentage |
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3.125%
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| Debt Instrument, Amortization Period |
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30 years
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| Secured First Mortgage Loan [Member] | New York Community Bank [Member] | Flatbush Gardens, Brooklyn, NY [Member] | Prime Rate [Member] |
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| Interest rate |
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2.75%
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| First Mortgage Loan With Interest-only Payments [Member] | Citi Real Estate Funding Inc. [Member] | 250 Livingston Street in Brooklyn [Member] |
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| Debt Instrument, Interest Rate, Stated Percentage |
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3.63%
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| Proceeds from Issuance of Long-Term Debt |
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$ 125,000,000
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| Debt Instrument, Prepayment Option, Number of Months Before Maturity (Month) |
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3 months
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| Mortgages and Mezzanine Notes [Member] |
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| Debt, gross |
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$ 1,285,799,000
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$ 1,286,233,000
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| Mortgages and Mezzanine Notes [Member] | LNR Partners [Member] | 250 Livingston Street in Brooklyn [Member] |
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| Debt, gross |
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$ 125,000,000,000
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$ 125,000,000,000
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| Escrow Deposit |
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$ 6,300,000,000
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| Debt Instrument, Covenant, Net Worth |
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100,000,000,000
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| Debt Instrument, Covenant, Potential Reserve Account |
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$ 100,000,000
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| Debt Instrument, Default, Period to Pay Interest |
5 days
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| Mortgages and Mezzanine Notes 1[Member] | Flatbush Gardens, Brooklyn, NY [Member] |
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| Interest rate |
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3.125%
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| Debt, gross |
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$ 329,000,000
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329,000,000
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| Mortgages and Mezzanine Notes 1[Member] | 250 Livingston Street in Brooklyn [Member] |
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| Interest rate |
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3.63%
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| Debt, gross |
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$ 125,000,000
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125,000,000
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| Mortgages and Mezzanine Notes 1[Member] | 141 Livingston Street, Brooklyn [Member] |
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| Interest rate |
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3.21%
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| Debt, gross |
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$ 100,000,000
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100,000,000
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| Mortgages and Mezzanine Notes 1[Member] | Tribeca House Properties [Member] |
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| Interest rate |
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4.506%
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| Debt, gross |
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$ 360,000,000
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360,000,000
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| Mortgages and Mezzanine Notes 1[Member] | Aspen [Member] |
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| Interest rate |
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3.68%
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| Debt, gross |
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$ 57,299,000
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$ 57,733,000
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| Mortgages and Mezzanine Notes 1[Member] | LNR Partners [Member] | 250 Livingston Street in Brooklyn [Member] |
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| Debt Instrument, Default, Additional Interest |
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5.00%
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| Secured First Mortgage Note [Member] | Citi Real Estate Funding Inc. [Member] | 141 Livingston Street, Brooklyn [Member] |
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| Debt Instrument, Interest Rate, Stated Percentage |
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3.21%
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from Issuance of Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 100,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Covenant, Minimum Extension Period to not Fund Reserve Account |
|
|
|
|
|
|
|
|
|
|
|
|
|
5 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Secured First Mortgage Note [Member] | Special Servicer [Member] | 141 Livingston Street, Brooklyn [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 100,000,000
|
|
|
|
|
|
| Debt Instrument, Covenant, Net Worth |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 100,000,000
|
|
$ 100,000,000
|
|
|
| Escrow Deposits, Reserve Amount |
|
|
|
|
|
$ 2,200,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Escrow Deposits, Additional Amount |
|
|
|
|
|
556,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Escrow Deposits, Additional Amount, Period of Payments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14 months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Escrow Deposits, Default Interest Payments |
|
|
|
|
|
1,200,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Escrow Deposits, Per Diem Interest Payments |
|
|
|
|
|
$ 10,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Acceleration, Default Yield Maintenance Premium Due |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,000,000
|
|
|
|
|
|
| Debt Instrument, Acceleration, Aggregate Reserve Deposit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 10,000,000
|
|
|
|
|
|
| Fixed Interest Rate Financing [Member] | Deutsche Bank [Member] | Tribeca House Properties [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 360,000,000
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.506%
|
| Mortgages [Member] | Capital One Multifamily Finance LLC [Member] | Aspen [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 57,299
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.68%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Amortization Period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgages [Member] | Capital One Multifamily Finance LLC [Member] | Aspen [Member] | Forecast [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Periodic Payment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 321,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgages [Member] | Metlife Real Estate Lending LLC [Member] | Clover House Loans [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 82,000,000
|
|
| Debt Instrument, Interest Rate, Effective Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.53%
|
|
| Mortgages [Member] | Valley National Bank [Member] | Dean Street, Prospect Heights [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
36,985,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgages [Member] | Bank Leumi, N.A [Member] | Dean Street, Prospect Heights [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
37,000,000
|
|
|
$ 30,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from Issuance of Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 6,985,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgages [Member] | Bank Leumi, N.A [Member] | Dean Street, Prospect Heights [Member] | Minimum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Effective Percentage |
|
|
|
|
|
|
|
|
|
|
|
3.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgages [Member] | Bank Leumi, N.A [Member] | Dean Street, Prospect Heights [Member] | Prime Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate |
|
|
|
|
|
|
|
|
|
|
|
1.60%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgages 2 [Member] | AIG Asset Management[Member] | Residential Property At 1010 Pacific Street [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Maximum Borrowing Capacity |
|
|
|
|
|
|
|
|
|
|
|
|
$ 52,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Term |
|
|
|
|
|
|
|
|
|
|
|
|
36 months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgages 2 [Member] | AIG Asset Management[Member] | Residential Property At 1010 Pacific Street [Member] | Minimum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
4.10%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgages 2 [Member] | AIG Asset Management[Member] | Residential Property At 1010 Pacific Street [Member] | London Interbank Offered Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
3.60%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgages 2 [Member] | Valley National Bank [Member] | Contingent Rate [member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Covenant, Interest Rate, Increase (Decrease) |
|
|
|
|
|
|
|
|
|
|
0.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgages 2 [Member] | Valley National Bank [Member] | Residential Property At 1010 Pacific Street [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
6.37%
|
|
|
5.70%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.55%
|
|
|
|
| Debt Instrument, Amortization Period |
|
|
|
|
|
|
|
|
|
|
30 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from Issuance of Long-Term Debt |
|
|
|
|
|
|
|
$ 20,000,000
|
|
|
$ 60,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Maximum Borrowing Capacity |
|
|
|
|
|
|
|
|
|
|
80,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Term |
|
|
|
|
|
|
|
|
|
5 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Contingent Funding |
|
|
|
|
|
|
|
|
|
|
$ 20,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Period of Interest Only Payments |
|
|
|
|
|
|
|
16 months
|
|
|
2 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loan Agreement [Member] | Valley National Bank [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Escrow Deposits Related to Property Sales |
|
200,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Debt, Refinanced, Amount |
|
2,100,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loan Agreement [Member] | Citi Real Estate Funding Inc and Morgan Stanley Bank N.A. [Member] | 1010 Pacific Street, Brooklyn, New York [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
$ 84,500,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
5.73%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Notes [Member] | Valley National Bank [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Repayments of Debt |
|
$ 80,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest Paid, Excluding Capitalized Interest, Operating Activity |
|
$ 80,400,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Notes [Member] | Valley National Bank [Member] | Dean Street, Prospect Heights [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
$ 115,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Term |
|
|
|
|
|
|
|
|
30 months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Number of Extensions |
|
|
|
|
|
|
|
|
2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Extension Option Period |
|
|
|
|
|
|
|
|
6 months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate Floor |
|
|
|
|
|
|
|
|
5.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Payment Guarantee Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Notes [Member] | Valley National Bank [Member] | Dean Street, Prospect Heights [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate |
|
|
|
|
|
|
|
|
4.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Notes [Member] | MF1 Capital LLC [Member] | Dean Street, Prospect Heights [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
$ 115,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Amount of Shortfall Reserve Account |
|
|
|
4,250,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Amount of Completion Reserve Deposits |
|
|
|
1,550,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mezzanine Note Agreement [Member] | Valley National Bank [Member] | Dean Street, Prospect Heights [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
$ 115,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mezzanine Note Agreement [Member] | BADF 953 Dean Street Lender LLC [Member] | Dean Street, Prospect Heights [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from Issuance of Long-Term Debt |
|
|
|
|
|
|
|
|
4,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Maximum Borrowing Capacity |
|
|
|
|
|
|
|
|
$ 8,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Term |
|
|
|
|
|
|
|
|
30 months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Number of Extensions |
|
|
|
|
|
|
|
|
2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Extension Option Period |
|
|
|
|
|
|
|
|
6 months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate Floor |
|
|
|
|
|
|
|
|
13.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payments for Construction in Process |
|
|
|
|
|
|
|
|
$ 3,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Repaid, Principal |
|
|
|
8,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mezzanine Note Agreement [Member] | BADF 953 Dean Street Lender LLC [Member] | Dean Street, Prospect Heights [Member] | Secured Overnight Financing Rate (SOFR) [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate |
|
|
|
|
|
|
|
|
10.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mezzanine Note Agreement [Member] | MF1 Capital LLC [Member] | Dean Street, Prospect Heights [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
26,750,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from Issuance of Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 6,250,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Contingent Funding |
|
|
|
$ 18,250,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Construction Loans [Member] | Valley National Bank [Member] | Dean Street, Prospect Heights [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
$ 62,400,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Project Loan [Member] | Valley National Bank [Member] | Dean Street, Prospect Heights [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
$ 15,600,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Dean Member Loans [Member] | MF1 Capital LLC [Member] | Dean Street, Prospect Heights [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
2.65%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Effective Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6.32%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Number of Extensions |
|
|
|
3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Extension Option Period |
|
|
|
1 year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate Floor |
|
|
|
2.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Notes | Valley National Bank [Member] | Dean Street, Prospect Heights [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Repaid, Principal |
|
|
|
$ 115,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Loan and Mezzanine Loan [Member] | Dean Street, Prospect Heights [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Fee Amount |
|
|
|
3,104,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest Paid, Excluding Capitalized Interest, Operating Activity |
|
|
|
$ 2,900,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Line of Credit [Member] | Valley National Bank [Member] | Dean Street, Prospect Heights [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Line of Credit Facility, Maximum Borrowing Capacity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 10,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Line of Credit |
|
|
|
|
$ 5,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Line of Credit [Member] | Valley National Bank [Member] | Dean Street, Prospect Heights [Member] | Prime Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate |
|
|
|
4.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|