2024 Q1 Form 10-K Financial Statement

#000159552724000006 Filed on April 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $15.48M $15.38M $62.71M
YoY Change -0.34% -5.04% -2.02%
Cost Of Revenue $10.29M $10.16M $41.48M
YoY Change -0.19% 4.05% 1.14%
Gross Profit $5.196M $5.222M $21.23M
YoY Change -0.63% -18.84% -7.67%
Gross Profit Margin 33.56% 33.96% 33.86%
Selling, General & Admin $2.855M $1.975M $15.24M
YoY Change -46.94% -51.77% -28.38%
% of Gross Profit 54.95% 37.82% 71.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.261M $6.332M $26.53M
YoY Change -24.32% -17.8% -7.44%
% of Gross Profit 101.25% 121.26% 124.96%
Operating Expenses $8.116M $8.307M $41.77M
YoY Change -34.19% -29.59% -16.36%
Operating Profit -$2.920M -$3.085M -$20.54M
YoY Change -58.9% -42.49% -23.78%
Interest Expense $4.697M -$4.749M -$18.86M
YoY Change 0.73% -0.04% -199.65%
% of Operating Profit
Other Income/Expense, Net -$4.688M $9.000K $36.00K
YoY Change 0.73% 50.0% -100.19%
Pretax Income -$7.608M -$73.88M -$105.9M
YoY Change -35.3% 630.8% 130.79%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$7.608M -$73.88M -$105.9M
YoY Change -35.3% 630.8% 130.79%
Net Earnings / Revenue -49.14% -480.38% -168.91%
Basic Earnings Per Share -$3.28 -$47.57
Diluted Earnings Per Share -$3.28 -$32.26 -$47.57
COMMON SHARES
Basic Shares Outstanding 2.405M shares 2.334M shares 2.227M shares
Diluted Shares Outstanding 2.323M shares 2.227M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.293M $5.292M $5.292M
YoY Change -39.53% -42.57% -42.57%
Cash & Equivalents $5.293M $5.292M $5.292M
Short-Term Investments
Other Short-Term Assets $5.908M $6.150M $6.150M
YoY Change -2.86% 9.35% 9.35%
Inventory
Prepaid Expenses
Receivables $30.78M $30.75M $30.75M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $41.98M $42.19M $42.19M
YoY Change -4.93% -4.01% -4.01%
LONG-TERM ASSETS
Property, Plant & Equipment $630.3M $634.9M $634.9M
YoY Change -12.79% -12.8% -12.8%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $17.52M $16.67M $16.67M
YoY Change -3.74% -0.69% -0.69%
Total Long-Term Assets $647.8M $652.0M $652.0M
YoY Change -12.71% -12.66% -12.66%
TOTAL ASSETS
Total Short-Term Assets $41.98M $42.19M $42.19M
Total Long-Term Assets $647.8M $652.0M $652.0M
Total Assets $689.8M $694.2M $694.2M
YoY Change -12.27% -12.18% -12.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.49M $12.98M $12.98M
YoY Change 18.11% 1.47% 1.47%
Accrued Expenses $54.64M $54.66M $54.66M
YoY Change -0.11% -0.11% -0.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $49.50M $49.50M
YoY Change
Total Short-Term Liabilities $70.13M $117.1M $117.1M
YoY Change 3.41% 73.52% 73.52%
LONG-TERM LIABILITIES
Long-Term Debt $396.1M $346.2M $346.2M
YoY Change 0.39% -12.17% -12.17%
Other Long-Term Liabilities $6.215M $6.044M $6.044M
YoY Change -19.98% -16.25% -16.25%
Total Long-Term Liabilities $402.3M $352.2M $352.2M
YoY Change 0.0% -12.24% -12.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $70.13M $117.1M $117.1M
Total Long-Term Liabilities $402.3M $352.2M $352.2M
Total Liabilities $472.4M $469.4M $469.4M
YoY Change 0.49% 0.11% -4.09%
SHAREHOLDERS EQUITY
Retained Earnings -$512.9M -$505.3M
YoY Change 24.76% 26.52%
Common Stock $24.00K $23.00K
YoY Change 4.35% 21.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $217.4M $224.8M $224.8M
YoY Change
Total Liabilities & Shareholders Equity $689.8M $694.2M $694.2M
YoY Change -12.27% -12.18% -12.18%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$7.608M -$73.88M -$105.9M
YoY Change -35.3% 630.8% 130.79%
Depreciation, Depletion And Amortization $5.261M $6.332M $26.53M
YoY Change -24.32% -17.8% -7.44%
Cash From Operating Activities $1.655M -$3.475M -$7.405M
YoY Change -323.05% -9.13% 1423.66%
INVESTING ACTIVITIES
Capital Expenditures $364.0K $849.0K $4.059M
YoY Change -84.23% 23.04% -26.93%
Acquisitions
YoY Change
Other Investing Activities $4.130M $4.130M
YoY Change
Cash From Investing Activities -$364.0K $3.281M $71.00K
YoY Change -84.23% -575.51% -101.28%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change -100.0%
Common Stock Issuance & Retirement, Net $4.035M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $0.00 -5.000K 4.025M
YoY Change -100.0% -164.19%
NET CHANGE
Cash From Operating Activities $1.655M -3.475M -7.405M
Cash From Investing Activities -$364.0K 3.281M 71.00K
Cash From Financing Activities $0.00 -5.000K 4.025M
Net Change In Cash $1.291M -199.0K -3.309M
YoY Change 31.07% -95.59% -73.12%
FREE CASH FLOW
Cash From Operating Activities $1.655M -$3.475M -$7.405M
Capital Expenditures $364.0K $849.0K $4.059M
Free Cash Flow $1.291M -$4.324M -$11.46M
YoY Change -142.33% -4.21% 89.77%

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CY2023Q4 us-gaap Stockholders Equity
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224794000 usd
CY2022Q4 us-gaap Stockholders Equity
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301062000 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
0 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
20514000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
224794000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q4 us-gaap Liabilities And Stockholders Equity
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CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2023 us-gaap Operating Lease Lease Income
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62710000 usd
CY2022 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
64005000 usd
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
70219000 usd
CY2023 nycr Asset And Property Management Fees To Related Parties
AssetAndPropertyManagementFeesToRelatedParties
7680000 usd
CY2022 nycr Asset And Property Management Fees To Related Parties
AssetAndPropertyManagementFeesToRelatedParties
7082000 usd
CY2021 nycr Asset And Property Management Fees To Related Parties
AssetAndPropertyManagementFeesToRelatedParties
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CY2023 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
33797000 usd
CY2022 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
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CY2021 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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CY2023 us-gaap Impairment Of Real Estate
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66565000 usd
CY2022 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2023 us-gaap Share Based Compensation
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5863000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2021 us-gaap Share Based Compensation
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CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8704000 usd
CY2023 us-gaap Operating Income Loss
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CY2022 us-gaap Interest Expense
InterestExpense
18924000 usd
CY2021 us-gaap Other Nonoperating Income Expense
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47000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-105924000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-45896000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-39429000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
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CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
3190000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
1851000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-42706000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-26.59
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-26.59
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
381567000 usd
CY2021 nycr Stock Issued During Period Value New Issues Affiliated Entity
StockIssuedDuringPeriodValueNewIssuesAffiliatedEntity
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CY2021 us-gaap Stock Repurchased During Period Value
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183000 usd
CY2021 us-gaap Stock Redeemed Or Called During Period Value
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0 usd
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
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8476000 usd
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.20
CY2021 us-gaap Dividends
Dividends
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CY2021 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
160000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
351136000 usd
CY2022 nycr Stock Issued During Period Value New Issues Affiliated Entity
StockIssuedDuringPeriodValueNewIssuesAffiliatedEntity
1980000 usd
CY2022 nycr Stock Issued During Period Value Issued For Management Fees
StockIssuedDuringPeriodValueIssuedForManagementFees
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CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
8782000 usd
CY2022 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
121000 usd
CY2023 nycr Stock Issued During Period Value Warrants And Rights
StockIssuedDuringPeriodValueWarrantsAndRights
4059000 usd
CY2023 nycr Stock Issued During Period Value Issued For Management Fees
StockIssuedDuringPeriodValueIssuedForManagementFees
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CY2023 nycr Stock Redeemed During Period Value
StockRedeemedDuringPeriodValue
24000 usd
CY2023 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
5863000 usd
CY2023 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
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CY2023 nycr Adjustments To Additional Paid In Capital Forfeiture Of Performance Units By Noncontrolling Interests Holders
AdjustmentsToAdditionalPaidInCapitalForfeitureOfPerformanceUnitsByNoncontrollingInterestsHolders
0 usd
CY2023 us-gaap Profit Loss
ProfitLoss
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CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
224794000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-105924000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
26532000 usd
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1543000 usd
CY2023 nycr Accretionand Amortizationof Belowand Above Market Lease Intangible Assetsand Liabilities
AccretionandAmortizationofBelowandAboveMarketLeaseIntangibleAssetsandLiabilities
70000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
5863000 usd
CY2023 nycr Management Fees Reinvested
ManagementFeesReinvested
485000 usd
CY2023 nycr Common Stock Issued To Directors In Lieu Of Cash For Board Fees
CommonStockIssuedToDirectorsInLieuOfCashForBoardFees
0 usd
CY2023 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
66565000 usd
CY2023 us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
0 usd
CY2023 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
1635000 usd
CY2022 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
3274000 usd
CY2021 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
3788000 usd
CY2023 nycr Increase Decrease In Straight Line Rent Payable
IncreaseDecreaseInStraightLineRentPayable
109000 usd
CY2022 nycr Increase Decrease In Straight Line Rent Payable
IncreaseDecreaseInStraightLineRentPayable
110000 usd
CY2021 nycr Increase Decrease In Straight Line Rent Payable
IncreaseDecreaseInStraightLineRentPayable
109000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1516000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1490000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-843000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
871000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3935000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-111000 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-228000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-909000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
562000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7405000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-486000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7916000 usd
CY2023 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
4059000 usd
CY2022 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
5555000 usd
CY2021 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
3375000 usd
CY2023 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
4130000 usd
CY2022 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 usd
CY2021 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
71000 usd
CY2023 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 usd
CY2023 nycr Proceeds From Issuance Of Common Stock Affiliated Entity
ProceedsFromIssuanceOfCommonStockAffiliatedEntity
0 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2023 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
4059000 usd
CY2022 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
0 usd
CY2021 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
0 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
2670000 usd
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
5201000 usd
CY2022 nycr Payment For Redemption Of Stock
PaymentForRedemptionOfStock
0 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
183000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4025000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6270000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-275000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3309000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-12311000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-11566000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28428000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12808000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5292000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9215000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
16754000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12808000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16117000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28428000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
17277000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
17396000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
17552000 usd
CY2023 nycr Stock Issued For Services
StockIssuedForServices
0 usd
CY2022 nycr Stock Issued For Services
StockIssuedForServices
121000 usd
CY2021 nycr Stock Issued For Services
StockIssuedForServices
0 usd
CY2023 us-gaap Stock Issued1
StockIssued1
485000 usd
CY2022 us-gaap Stock Issued1
StockIssued1
5013000 usd
CY2021 us-gaap Stock Issued1
StockIssued1
0 usd
CY2023 nycr Noncashor Part Noncash Accrued Capital Expenditures
NoncashorPartNoncashAccruedCapitalExpenditures
-683000 usd
CY2022 nycr Noncashor Part Noncash Accrued Capital Expenditures
NoncashorPartNoncashAccruedCapitalExpenditures
780000 usd
CY2021 nycr Noncashor Part Noncash Accrued Capital Expenditures
NoncashorPartNoncashAccruedCapitalExpenditures
1326000 usd
CY2023 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
0 usd
CY2022 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
0 usd
CY2021 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
1017000 usd
CY2023Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
7 property
CY2023Q4 us-gaap Net Rentable Area
NetRentableArea
1200000 sqft
CY2023Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.125
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
175276000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
401850000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
100000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:5pt;margin-top:5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management makes significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, and fair value measurements, as applicable.</span></div>
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000 usd
CY2022Q4 us-gaap Adjustment For Amortization
AdjustmentForAmortization
400000 usd
CY2023 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="margin-bottom:5pt;margin-top:5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Revenue Recognition </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s revenues, which are derived primarily from lease contracts, include rents that each tenant pays in accordance with the terms of each lease reported on a straight-line basis over the initial term of the lease. As of December 31, 2023, these leases had a weighted-average remaining lease term of 6.5 years. Because many of the Company’s leases provide for rental increases at specified intervals, straight-line basis accounting requires that the Company record a receivable for, and include in revenue from tenants, unbilled rent receivables that the Company will receive if the tenant makes all rent payments required through the expiration of the initial term of the lease. When the Company acquires a property, the acquisition date is considered to be the commencement date for purposes of this calculation. For new leases after acquisition, the commencement date is considered to be the date the tenant takes control of the space. For lease modifications, the commencement date is considered to be the date the lease modification is executed. The Company defers the revenue related to lease payments received from tenants in advance of their due dates. Pursuant to certain of the Company’s lease agreements, tenants are required to reimburse the Company for certain property operating expenses (recorded in total revenue from tenants), in addition to paying base rent, whereas under certain other lease agreements, the tenants are directly responsible for all operating costs of the respective properties. To the extent such costs exceed the applicable tenant’s base year, many but not all of the Company’s leases require the tenant to pay its allocable share of increases in operating expenses, which may include common area maintenance costs, real estate taxes and insurance. Under ASC 842, the Company has elected to report combined lease and non-lease components in a single line “Revenue from tenants.” For expenses paid directly by the tenant, under both ASC 842 and 840, the Company has reflected them on a net basis.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company owns certain properties with leases that include provisions for the tenant to pay contingent rental income based on a percent of the tenant’s sales upon the achievement of certain sales thresholds or other targets which may be monthly, quarterly or annual targets. As the lessor under the aforementioned leases, the Company defers the recognition of contingent rental income, until the specified target that triggered the contingent rental income is achieved, or until such sales upon which percentage rent is based are known. For the years ended December 31, 2023, 2022 and 2021, approximately $0.1 million, $0.5 million and $0.5 million, respectively, in contingent rental income is included in revenue from tenants in the consolidated statements of operations and comprehensive loss.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company continually reviews receivables related to rent and unbilled rents receivable and determines collectability by taking into consideration the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. Under the leasing standard adopted on January 1, 2019, the Company is required to assess, based on credit risk, if it is probable that the Company will collect virtually all of the lease payments at the lease commencement date, and it must continue to reassess collectability periodically thereafter based on new facts and circumstances affecting the credit risk of the tenant. Partial reserves, or the ability to assume partial recovery are no longer permitted. If the Company determines that it is probable that it will collect virtually all of the lease payments (base rent and additional rent), the lease will continue to be accounted for on an accrual basis (i.e., straight-line). However, if the Company determines it is not probable that it will collect virtually all of the lease payments, the lease will be accounted for on a cash basis and the straight-line rent receivable accrued will be written off, as well as any accounts receivable, where it was subsequently concluded that collection was not probable. Cost recoveries from tenants are included in operating revenue from tenants, in accordance with current accounting rules, on the accompanying consolidated statements of operations and comprehensive loss in the period the related costs are incurred, as applicable.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In accordance with lease accounting rules the Company records uncollectable amounts as reductions in revenue from tenants. Some of these reductions may relate to tenants that terminated their leases early or relate to leases that had not been paying rent and were been placed on a cash basis in accordance with ASC 842. There were no such reductions recorded for the years ended 2023 or 2022. During the year ended December 31, 2022 there was only one tenant for which we recorded rent on a cash basis. The lease with this tenant was terminated as of September 30, 2022. During the years ended 2023 and 2021, no rental income was received from any of the tenants that were previously placed on a cash basis.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In October 2021, the Company signed a termination agreement with the parking garage tenants at its 400 E. 67th Street - Laurel Condominium/200 Riverside Boulevard properties. As discussed above, new tenants have signed lease agreements with the Company for the spaces in July 2022. In addition, the Company recorded a termination fee for a tenant in its 9 Times Square property. These termination agreements required the tenants to pay termination fees aggregating $1.5 million to the Company, which was all received during the fourth quarter of 2021. The termination fees are recorded in revenue from tenants in the consolidated statements of operations and comprehensive loss.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify;text-indent:18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the third quarter of 2021, the Company launched Innovate NYC, a co-working company, at 1140 Avenue of the Americas. The Company recorded revenue of approximately </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$0.7 million</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$0.8 million</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> and $0.3 million from Innovate NYC during the years ended </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">December 31, 2023, 2022 and 2021</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, respectively, which is considered non-lease income. In November of 2023 Innovate NYC terminated its agreement with the Company. In December of 2023, subsequent to Innovate NYC’s termination, the Company released its space in its entirety to a new tenant and will be recording rental income on that space per the terms of the lease.</span></div>
CY2023 nycr Lessor Operating Lease Weighted Average Remaining Lease Term
LessorOperatingLeaseWeightedAverageRemainingLeaseTerm
P6Y6M
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
56205000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
49064000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
44112000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
40733000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
36460000 usd
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
500000 usd
CY2022 nycr Number Of Tenants With Rent Recorded On Cash Basis
NumberOfTenantsWithRentRecordedOnCashBasis
1 tenant
CY2021 nycr Rental Income Tenants Previously Placed On Cash Basis
RentalIncomeTenantsPreviouslyPlacedOnCashBasis
0 usd
CY2023 nycr Rental Income Tenants Previously Placed On Cash Basis
RentalIncomeTenantsPreviouslyPlacedOnCashBasis
0 usd
CY2021Q4 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1500000 usd
CY2023 us-gaap Other Operating Income
OtherOperatingIncome
700000 usd
CY2022 us-gaap Other Operating Income
OtherOperatingIncome
800000 usd
CY2021 us-gaap Other Operating Income
OtherOperatingIncome
300000 usd
CY2021 nycr Number Of Acquisitions During Period
NumberOfAcquisitionsDuringPeriod
0 acquisition
CY2023 nycr Number Of Acquisitions During Period
NumberOfAcquisitionsDuringPeriod
0 acquisition
CY2022 nycr Number Of Acquisitions During Period
NumberOfAcquisitionsDuringPeriod
0 acquisition
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1908000 usd
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2023 us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<div style="margin-bottom:5pt;margin-top:5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Derivative Instruments</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company may use derivative financial instruments to hedge all or a portion of the interest rate risk associated with its borrowings. Several of the techniques used to hedge exposure to interest rate fluctuations may also be used to protect against declines in the market value of assets that result from general trends in debt markets. The principal objective of such agreements is to minimize the risks and costs associated with the Company’s operating and financial structure as well as to hedge specific anticipated transactions.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accounting for subsequent changes in the fair value of these derivatives depends on whether each has been designated and qualifies for hedge accounting treatment. If the Company elects not to apply hedge accounting treatment, any change in the fair value of these derivative instruments is recognized immediately in gains (losses) on derivative instruments in the accompanying consolidated statements of operations and comprehensive loss. If the derivative is designated and qualifies for hedge accounting treatment, the change in the estimated fair value of the derivative is recorded in other comprehensive income (loss) to the extent that it is effective with any ineffective portion of a derivative’s change in fair value will be immediately recognized in earnings. After the adoption of ASU 2017-12, if the derivative qualified for hedge accounting, all the change in value is recorded in other comprehensive income.</span></div>
CY2023 nycr Number Of Properties With Recorded Impairment
NumberOfPropertiesWithRecordedImpairment
2 property
CY2021 nycr Number Of Properties With Recorded Impairment
NumberOfPropertiesWithRecordedImpairment
1 property
CY2022 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
56929000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
26704000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
30225000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
71848000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
36511000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
35337000 usd
CY2023Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
9628000 usd
CY2023Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
7567000 usd
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
2061000 usd
CY2022Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
10718000 usd
CY2022Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
7712000 usd
CY2022Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
3006000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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2967000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1340000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1332000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1292000 usd
CY2023Q4 nycr Amortization Income Net Next Twelve Months
AmortizationIncomeNetNextTwelveMonths
438000 usd
CY2023Q4 nycr Amortization Income Net Year Two
AmortizationIncomeNetYearTwo
380000 usd
CY2023Q4 nycr Amortization Income Net Year Three
AmortizationIncomeNetYearThree
66000 usd
CY2023Q4 nycr Amortization Income Net Year Four
AmortizationIncomeNetYearFour
63000 usd
CY2023Q4 nycr Amortization Income Net Year Five
AmortizationIncomeNetYearFive
68000 usd
CY2023Q4 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
752600000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
49500000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
99000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
140000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
60000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
51000000 usd
CY2023Q4 us-gaap Secured Debt
SecuredDebt
399500000 usd
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3400000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12800000 usd
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
6094000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
400000 usd
CY2023Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 usd
CY2023Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
0 usd
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
400000 usd
CY2023Q4 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
0 usd
CY2023Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
400000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
1607000 usd
CY2022Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 usd
CY2022Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
0 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
1607000 usd
CY2022Q4 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
0 usd
CY2022Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
1607000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
0 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
0 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
1700000 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
1700000 usd
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2300000 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1900000 shares
CY2020Q3 nycr Distribution Reinvestment Plan Termination Notice Period
DistributionReinvestmentPlanTerminationNoticePeriod
P10D
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.60
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.20
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P43Y
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.086
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
54700000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
54700000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
4700000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
4700000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
4700000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
4900000 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
4900000 usd
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
4900000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4746000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4746000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4746000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4746000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4746000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
188262000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
211992000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
157335000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
54657000 usd
CY2023 nycr Advisory Agreement Renewal Term
AdvisoryAgreementRenewalTerm
P5Y
CY2018Q4 nycr Period Prior To Expiration Date Needed To Terminate Agreement
PeriodPriorToExpirationDateNeededToTerminateAgreement
P180D
CY2022Q3 nycr Series And Overall Limit Percentage
SeriesAndOverallLimitPercentage
0.06
CY2023 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
12032000 usd
CY2022 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
11457000 usd
CY2021 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
11618000 usd
CY2023Q4 nycr Common Stock Shares Authorized For Grant Percentage
CommonStockSharesAuthorizedForGrantPercentage
0.200
CY2021 nycr Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Fractional Share Redemption
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsFractionalShareRedemption
1 shares
CY2021 nycr Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Fractional Share Redemption Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsFractionalShareRedemptionWeightedAverageGrantDateFairValue
78.48
CY2020Q3 nycr Share Based Compensation Arrangement By Share Based Payment Award Number Of Trading Days Following The List Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfTradingDaysFollowingTheListDate
30 d
CY2020Q3 nycr Equity Based Compensation Consecutive Trading Days
EquityBasedCompensationConsecutiveTradingDays
10 trading_day
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5300000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8400000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8400000 usd
CY2023 nycr Distributions On The Ltip Unit
DistributionsOnTheLTIPUnit
0.10
CY2023 nycr Distribution On The Earned Ltip Unit
DistributionOnTheEarnedLTIPUnit
0.90
CY2023 nycr Number Subjects To Awards That Reduce Shares Available Ratio
NumberSubjectsToAwardsThatReduceSharesAvailableRatio
1 shares
CY2023 nycr Sharebased Compensation Arrangementby Sharebased Payment Award Shares Issuedin Period In Lieu Of Cash
SharebasedCompensationArrangementbySharebasedPaymentAwardSharesIssuedinPeriodInLieuOfCash
0 shares
CY2021 nycr Sharebased Compensation Arrangementby Sharebased Payment Award Shares Issuedin Period In Lieu Of Cash
SharebasedCompensationArrangementbySharebasedPaymentAwardSharesIssuedinPeriodInLieuOfCash
0 shares
CY2023 nycr Income Tax Expense Capital Base Tax
IncomeTaxExpenseCapitalBaseTax
400000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
37000 usd
CY2023Q4 nycr Uncertain Tax Positions
UncertainTaxPositions
0 usd
CY2023Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
47688000 usd
CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
23008000 usd
CY2023Q4 nycr Deferred Tax Assets Deferred Leasing Costs
DeferredTaxAssetsDeferredLeasingCosts
1360000 usd
CY2022Q4 nycr Deferred Tax Assets Deferred Leasing Costs
DeferredTaxAssetsDeferredLeasingCosts
1145000 usd
CY2023Q4 nycr Deferred Tax Assets Restricted Stock Awards And2020 Opp
DeferredTaxAssetsRestrictedStockAwardsAnd2020OPP
71000 usd
CY2022Q4 nycr Deferred Tax Assets Restricted Stock Awards And2020 Opp
DeferredTaxAssetsRestrictedStockAwardsAnd2020OPP
6458000 usd
CY2023Q4 us-gaap Deferred Tax Assets Deferred Income
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1246000 usd
CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
1317000 usd
CY2023Q4 nycr Deferred Tax Assets Operating Lease Liabilities
DeferredTaxAssetsOperatingLeaseLiabilities
17091000 usd
CY2022Q4 nycr Deferred Tax Assets Operating Lease Liabilities
DeferredTaxAssetsOperatingLeaseLiabilities
17110000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
49477000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
53613000 usd
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
135000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
129000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
117068000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
102780000 usd
CY2023Q4 nycr Deferred Tax Liabilities Straight Line Rent
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9616000 usd
CY2022Q4 nycr Deferred Tax Liabilities Straight Line Rent
DeferredTaxLiabilitiesStraightLineRent
9105000 usd
CY2023Q4 nycr Deferred Tax Liabilities Operating Leases Right To Use Assets
DeferredTaxLiabilitiesOperatingLeasesRightToUseAssets
17116000 usd
CY2022Q4 nycr Deferred Tax Liabilities Operating Leases Right To Use Assets
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17184000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
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26732000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
26289000 usd
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90336000 usd
CY2022Q4 nycr Deferred Tax Asset Before Valuation Allowance Net
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76491000 usd
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90336000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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76491000 usd
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CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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1
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
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-105924000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023 us-gaap Dilutive Securities
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CY2022 us-gaap Dilutive Securities
DilutiveSecurities
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CY2021 us-gaap Dilutive Securities
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CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
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2226721 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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2226721 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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1729264 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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1729264 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1622896 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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1622896 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-47.57
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-47.57
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-26.59
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-26.59
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-24.42
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-24.42
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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343811 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
515296 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
504481 shares
CY2023Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
399500000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
188935000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
502779000 usd
CY2023Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements
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-23514000 usd
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
668200000 usd
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
118252000 usd
CY2023Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
56900000 usd
CY2023Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
730600000 usd
CY2023Q4 nycr Finite Lived Intangible Assetsand Liabilities Accumulated Amortization
FiniteLivedIntangibleAssetsandLiabilitiesAccumulatedAmortization
26700000 usd
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
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769286000 usd
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
765176000 usd
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
762519000 usd
CY2023 us-gaap Real Estate Improvements
RealEstateImprovements
3376000 usd
CY2022 us-gaap Real Estate Improvements
RealEstateImprovements
6335000 usd
CY2021 us-gaap Real Estate Improvements
RealEstateImprovements
4701000 usd
CY2023 us-gaap Real Estate Cost Of Real Estate Sold
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4524000 usd
CY2022 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
0 usd
CY2021 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
0 usd
CY2023 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
66320000 usd
CY2022 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
0 usd
CY2021 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
1452000 usd
CY2023 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
33618000 usd
CY2022 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
2225000 usd
CY2021 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
592000 usd
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
668200000 usd
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
769286000 usd
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
765176000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
131467000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
112641000 usd
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
92470000 usd
CY2023 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
20796000 usd
CY2022 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
21051000 usd
CY2021 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
20684000 usd
CY2023 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
393000 usd
CY2022 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
0 usd
CY2021 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
0 usd
CY2023 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
33618000 usd
CY2022 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
2225000 usd
CY2021 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
513000 usd
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
118252000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
131467000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
112641000 usd

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