v3.26.1
Acquisitions and Dispositions (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination and Dispositions [Abstract]  
Schedule of Property Acquisitions
The following table summarizes the purchase price allocations of these acquisitions (amounts in thousands):
Intangibles
PropertyDate AcquiredLandBuilding and ImprovementsAssetsLiabilitiesTotal
111 West 33rd Street(1)
5/20/2026$52,607 $— $— $— $52,607 
1400 Broadway(1)
5/20/202661,728 — — — 61,728 
North 6th Street Collection(2)
3/27/20266,604 39,875 — — 46,479 
130 Mercer(3)
12/17/202566,309 247,994 91,207 (25,180)380,330 
North 6th Street Collection(4)
6/30/202511,243 20,458 — — 31,701 
(1) Includes capitalized transaction costs of $2.0 million for 111 West 33rd Street and $2.3 million for 1400 Broadway.
(2) Includes approximately 22,000 square feet of retail space on North 6th Street in Williamsburg, which is newly constructed. Includes capitalized transaction costs and closing credits amounting to $0.5 million.
(3) Includes approximately 396,000 square feet of space, comprised of 368,000 square feet of office space and 28,000 square feet of retail space. Includes capitalized transaction costs and closing credits amounting to $(5.7) million.
(4) Includes two retail properties with eleven residential units on North 6th Street in Williamsburg, Brooklyn. Includes capitalized transaction costs of $0.7 million.
Schedule of Property Dispositions
The following table summarizes properties disposed of during the six and twelve months ended June 30, 2026 and December 31, 2025, respectively (amounts in thousands):
PropertyDate of DisposalSales PriceGain on Disposition
250 West 57th Street, New York, New York(1)
6/1/2026$275,000 $124,622 
Metro Center, Stamford, Connecticut(2)
12/22/202564,000 21,848 
(1) In connection with the sale of 250 West 57th Street, the purchaser assumed the property's outstanding $180.0 million mortgage.
(2) In connection with the sale of Metro Center, we repaid the related $71.6 million mortgage.