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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2012	Jul. 31, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	ALEXANDERS INC
Entity Central Index Key	0000003499
Document Type	10-Q
Document Period End Date	Jun. 30, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q2
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		5,105,936

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Real estate, at cost:
Land	$ 74,974	$ 74,974
Buildings and leasehold improvements	988,486	985,637
Development and construction in progress	2,066	1,597
Total	1,065,526	1,062,208
Accumulated depreciation and amortization	(198,566)	(184,873)
Real estate, net	866,960	877,335
Cash and cash equivalents	488,779	506,619
Short-term investments	0	5,000
Restricted cash	89,624	88,769
Accounts receivable, net of allowance for doubtful accounts of $1,670 and $1,039, respectively	1,836	2,552
Receivable arising from the straight-lining of rents	190,953	188,289
Deferred lease and other property costs, net (including unamortized leasing fees to Vornado of $47,783 and $48,776, respectively)	64,258	66,237
Deferred debt issuance costs, net of accumulated amortization of $16,565 and $15,111, respectively	10,048	11,254
Other assets	48,967	25,252
Total assets	1,761,425	1,771,307
Liabilities and Equity
Notes and mortgages payable	1,323,532	1,330,932
Amounts due to Vornado	40,480	41,340
Accounts payable and accrued expenses	32,297	34,577
Other liabilities	1,212	1,213
Total liabilities	1,397,521	1,408,062
Commitments and contingencies
Preferred stock: $1.00 par value per share; authorized, 3,000,000 shares; issued and outstanding, none	0	0
Common stock: $1.00 par value per share; authorized, 10,000,000 shares; issued, 5,173,450 shares; outstanding, 5,105,936 shares	5,173	5,173
Additional capital	32,101	31,801
Retained earnings	322,272	322,201
Alexander's equity before treasury stock	359,546	359,175
Treasury stock: 67,514 shares, at cost	(375)	(375)
Total Alexander's equity	359,171	358,800
Noncontrolling interest in consolidated subsidiary	4,733	4,445
Total equity	363,904	363,245
Total liabilities and equity	$ 1,761,425	$ 1,771,307

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Assets
Allowance for doubtful accounts	$ 1,670	$ 1,039
Unamortized leasing fees to Vornado	47,783	48,776
Deferred debt issuance costs, accumulated amortization	$ 16,565	$ 15,111
Liabilities and Equity
Perferred stock: par value per share	$ 1.00	$ 1.00
Preferred stock: authorized shares	3,000,000	3,000,000
Preferred stock: issued shares	0	0
Preferred stock: outstanding shares	0	0
Common stock: par value per share	$ 1.00	$ 1.00
Common stock: authorized shares	10,000,000	10,000,000
Common stock: issued shares	5,173,450	5,173,450
Common stock: outstanding shares	5,105,936	5,105,936
Treasury stock: shares	67,514	67,514

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
REVENUES
Property rentals	$ 43,330	$ 43,424	$ 87,159	$ 86,889
Expense reimbursements	20,272	18,612	40,103	38,019
Total revenues	63,602	62,036	127,262	124,908
EXPENSES
Operating (including fees to Vornado of $1,485, $1,217, $2,962, and $2,553, respectively)	21,199	19,951	42,461	41,138
Depreciation and amortization	8,667	8,577	17,364	16,811
General and administrative (including management fees to Vornado of $540 and $1,080 in each three and six-month period)	1,800	700	2,924	1,799
Total expenses	31,666	29,228	62,749	59,748
OPERATING INCOME	31,936	32,808	64,513	65,160
Interest and other income, net	44	1,715	78	1,820
Interest and debt expense	(12,751)	(14,319)	(25,819)	(29,124)
Income before income taxes	19,229	20,204	38,772	37,856
Income tax benefit (expense)	9	(9)	(110)	151
Net income	19,238	20,195	38,662	38,007
Net (income) loss attributable to the noncontrolling interest	(346)	(38)	(288)	357
Net income attributable to Alexander's	$ 18,892	$ 20,157	$ 38,374	$ 38,364
Net income per common share - basic
Net income per common share - basic (in dollars per share)	$ 3.70	$ 3.95	$ 7.51	$ 7.51
Weighted average shares outstanding - basic (in shares)	5,107,415	5,106,351	5,107,199	5,106,144
Net income per common share - diluted
Net income per common share - diluted (in dollars per share)	$ 3.70	$ 3.95	$ 7.51	$ 7.51
Weighted average shares outstanding - diluted (in shares)	5,107,415	5,106,351	5,107,199	5,106,144
Dividends per common share	$ 3.75	$ 3.00	$ 7.50	$ 6.00

Consolidated Statements of Income (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Consolidated Statements of Income
Fees to Vornado	$ 1,485	$ 1,217	$ 2,962	$ 2,553
Management fees to Vornado	$ 540	$ 540	$ 1,080	$ 1,080

Consolidated Statement of Changes in Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Capital	Retained Earnings	Treasury Stock	Alexander's Equity	Non-controlling Interest
Shares Issued, Beginning Balance at Dec. 31, 2010		5,173,000
Balance, at Dec. 31, 2010	$ 343,776	$ 5,173	$ 31,501	$ 304,055	$ (375)	$ 340,354	$ 3,422
Net income (loss)	38,007			38,364		38,364	(357)
Dividends paid	(30,636)			(30,636)		(30,636)
Distributions	(600)						(600)
Deferred stock unit grant	300		300			300
Shares Issued, Ending Balance at Jun. 30, 2011		5,173,000
Balance, at Jun. 30, 2011	$ 350,847	$ 5,173	31,801	311,783	(375)	348,382	2,465
Shares Issued, Beginning Balance at Dec. 31, 2011	5,173,450	5,173,000
Balance, at Dec. 31, 2011	$ 363,245	$ 5,173	31,801	322,201	(375)	358,800	4,445
Net income (loss)	38,662			38,374		38,374	288
Dividends paid	(38,303)			(38,303)		(38,303)
Deferred stock unit grant	$ 300		300			300
Shares Issued, Ending Balance at Jun. 30, 2012	5,173,450	5,173,000
Balance, at Jun. 30, 2012	$ 363,904	$ 5,173	$ 32,101	$ 322,272	$ (375)	$ 359,171	$ 4,733

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 29
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A1, A4, A5
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Number 51
-Paragraph 5
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
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-URI http://asc.fasb.org/extlink&oid=6922042&loc=SL4591552-111686

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+ Details

- Definition

Total of Stockholders' Equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. This excludes temporary equity and is sometimes called permanent equity.

+ References + Details

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 38,662	$ 38,007
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization (including amortization of debt issuance costs)	18,970	18,254
Straight-lining of rental income	(2,664)	(7,082)
Stock-based compensation expense	300	300
Change in operating assets and liabilities:
Accounts receivable, net	351	1,435
Other assets	(24,935)	(22,642)
Amounts due to Vornado	(860)	(469)
Accounts payable and accrued expenses	(577)	(3,709)
Income tax liability of taxable REIT subsidiary	14	34
Other liabilities	(15)	(15)
Net cash provided by operating activities	29,246	24,113
CASH FLOWS FROM INVESTING ACTIVITIES
Construction in progress and real estate additions	(5,128)	(8,039)
Proceeds from maturing short-term investments	5,000	23,000
Restricted cash	(855)	(2,583)
Net cash (used in) provided by investing activities	(983)	12,378
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid	(38,303)	(30,636)
Debt repayments	(7,400)	(157,090)
Debt issuance costs	(400)	(4,435)
Proceeds from borrowings	0	250,000
Distributions to noncontrolling interests	0	(600)
Net cash (used in) provided by financing activities	(46,103)	57,239
Net (decrease) increase in cash and cash equivalents	(17,840)	93,730
Cash and cash equivalents at beginning of period	506,619	397,220
Cash and cash equivalents at end of period	488,779	490,950
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payments for interest	23,967	28,516
NON-CASH TRANSACTIONS
Non-cash additions to real estate included in accounts payable and accrued expenses	1,349	2,391
Write-off of fully amortized and depreciated assets	$ 624	$ 6,510

Organization

6 Months Ended

Jun. 30, 2012

Organization [Abstract]

Organization [Text Block]

1. Organization

Alexander's, Inc. (NYSE: ALX) is a real estate investment trust (“REIT”), incorporated in Delaware, engaged in leasing, managing, developing and redeveloping its properties. All references to “we,” “us,” “our,” “Company” and “Alexander's” refer to Alexander's, Inc. and its consolidated subsidiaries. We are managed by, and our properties are leased and developed by, Vornado Realty Trust (“Vornado”) (NYSE: VNO).

Basis of Presentation

6 Months Ended

Jun. 30, 2012

Basis of Presentation [Abstract]

Basis of Presentation [Text Block]

2. Basis of Presentation

The accompanying consolidated financial statements are unaudited and include the accounts of Alexander's and its consolidated subsidiaries. All intercompany amounts have been eliminated. In our opinion, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and changes in cash flows have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted. These condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q of the Securities and Exchange Commission (the “SEC”) and should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2011, as filed with the SEC. We have made estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.

The results of operations for the three and six months ended June 30, 2012 are not necessarily indicative of the operating results for the full year.

We currently operate in one business segment.

Recently Issued Accounting Literature

6 Months Ended

Jun. 30, 2012

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Recently Issued Accounting Literature [Text Block]

3. Recently Issued Accounting Literature

In May 2011, the Financial Accounting Standards Board (“FASB”) issued Update No. 2011-04, Fair Value Measurements (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs (“ASU No. 2011-04”). ASU No. 2011-04 provides a uniform framework for fair value measurements and related disclosures between GAAP and International Financial Reporting Standards (“IFRS”) and requires additional disclosures, including: (i) quantitative information about unobservable inputs used, a description of the valuation processes used, and a qualitative discussion about the sensitivity of the measurements to changes in the unobservable inputs, for Level 3 fair value measurements; (ii) fair value of financial instruments not measured at fair value but for which disclosure of fair value is required, based on their levels in the fair value hierarchy; and (iii) transfers between Level 1 and Level 2 of the fair value hierarchy. The adoption of this update on January 1, 2012, did not have a material impact on our consolidated financial statements, but resulted in additional fair value measurement disclosures (see Note 8 - Fair Value Measurements).

- Definition

The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period.

+ References + Details

Related Party Transactions

6 Months Ended

Jun. 30, 2012

Relationship with Vornado [Text Block]

4. Relationship with Vornado

At June 30, 2012, Vornado owned 32.4% of our outstanding common stock. We are managed by, and our properties are leased and developed by, Vornado, pursuant to the agreements described below which expire in March of each year and are automatically renewable.

Management and Development Agreements

We pay Vornado an annual management fee equal to the sum of (i) $3,000,000, (ii) 3% of gross revenue from the Kings Plaza Regional Shopping Center, (iii) 2% of gross revenue from the Rego Park II Shopping Center, (iv) $0.50 per square foot of the tenant-occupied office and retail space at 731 Lexington Avenue and (v) $264,000, escalating at 3% per annum, for managing the common area of 731 Lexington Avenue.

In addition, Vornado is entitled to a development fee of 6% of development costs, as defined, with minimum guaranteed fees of $750,000 per annum.

Leasing Agreements

Vornado also provides us with leasing services for a fee of 3% of rent for the first ten years of a lease term, 2% of rent for the eleventh through the twentieth year of a lease term, and 1% of rent for the twenty-first through thirtieth year of a lease term, subject to the payment of rents by tenants. In the event third-party real estate brokers are used, the fees to Vornado increase by 1% and Vornado is responsible for the fees to the third-party real estate brokers. Vornado is also entitled to a commission upon the sale of any of our assets equal to 3% of gross proceeds, as defined, for asset sales less than $50,000,000 and 1% of gross proceeds, as defined, for asset sales of $50,000,000 or more. The total of these amounts is payable in annual installments in an amount not to exceed $4,000,000, with interest on the unpaid balance at one-year LIBOR plus 1.0% (2.13% at June 30, 2012).

Other Agreements

We have also entered into agreements with Building Maintenance Services, a wholly owned subsidiary of Vornado, to (i) supervise cleaning, engineering and security services at our Lexington Avenue and Kings Plaza properties, and (ii) supervise security services at our Rego Park I and Rego Park II properties, for an annual fee of the cost for such services plus 6%.

The following is a summary of fees to Vornado under the various agreements discussed above.

		Three Months Ended				Six Months Ended
		June 30,				June 30,
(Amounts in thousands)		2012		2011		2012		2011
Company management fees		$	750	$	750	$	1,500	$	1,500
Development fees			187		188		375		376
Leasing fees			1,006		1,765		1,629		3,280
Property management fees and payments for cleaning, engineering
	and security services		1,275		1,007		2,542		2,133
		$	3,218	$	3,710	$	6,046	$	7,289

At June 30, 2012, we owed Vornado $39,838,000 for leasing fees and $642,000 for management, property management and cleaning fees.

- Definition

The entire disclosure for related party transactions, including the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 4
-Section 08
-Paragraph k

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Regulation S-X (SX)
-Number 210
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 57
-Paragraph 1-4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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+ Details

Notes and Mortgages Payable

6 Months Ended

Jun. 30, 2012

Notes and Mortgages Payable [Abstract]

Notes and Mortgages Payable [Text Block]

5. Notes and Mortgages Payable

The following is a summary of our outstanding notes and mortgages payable. We may refinance our maturing debt as it comes due or choose to repay it at maturity.

					Balance at
			Interest Rate at		June 30,		December 31,
(Amounts in thousands)		Maturity	June 30, 2012		2012		2011
First mortgage, secured by the Rego Park I
	Shopping Center (100% cash collateralized)	Mar. 2013	0.50	%	$	78,246	$	78,246
First mortgage, secured by the office space
	at the Lexington Avenue property	Feb. 2014	5.33	%		333,742		339,890
First mortgage, secured by the retail space
	at the Lexington Avenue property⁽¹⁾	Jul. 2015	4.93	%		320,000		320,000
First mortgage, secured by the Kings Plaza
	Regional Shopping Center⁽²⁾	Jun. 2016	1.94	%		250,000		250,000
First mortgage, secured by the Paramus property		Oct. 2018	2.90	%		68,000		68,000
First mortgage, secured by the
	Rego Park II Shopping Center⁽³⁾	Nov. 2018	2.10	%		273,544		274,796
					$	1,323,532	$	1,330,932
___________________

(1)	In the event of a substantial casualty, as defined, up to $75,000 of this loan may become recourse to us.
(2)	This loan bears interest at LIBOR plus 1.70%.
(3)	This loan bears interest at LIBOR plus 1.85%.

Interest and Other Income, net

6 Months Ended

Jun. 30, 2012

Other Income and Expenses [Abstract]

Interest and Other Income, net [Text Block]

6. Interest and Other Income, net

In the second quarter of 2011, we recognized $1,657,000 of income from the collection of prior periods' tenant utility costs.

Significant Tenants

6 Months Ended

Jun. 30, 2012

Significant Tenants [Abstract]

Significant Tenants [Text Block]

7. Significant Tenants

Bloomberg L.P. (“Bloomberg”) accounted for $42,395,000 and $41,504,000, representing 33% of our consolidated revenues in each of the six-month periods ended June 30, 2012 and 2011, respectively. No other tenant accounted for more than 10% of our consolidated revenues. If we were to lose Bloomberg as a tenant, or if Bloomberg were to fail or become unable to perform its obligations under its lease, it would adversely affect our results of operations and financial condition. We receive and evaluate certain confidential financial information and metrics from Bloomberg on a semi-annual basis. In addition, we access and evaluate financial information regarding Bloomberg from private sources, as well as publicly available data.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15A
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher AICPA
-Name Statement of Position (SOP)
-Number 94-6
-Paragraph 21, 22, 24
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Paragraph 18
-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6351-108592

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
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-Section 50
-Paragraph 20
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6442-108592

+ Details

Fair Value Measurements

6 Months Ended

Jun. 30, 2012

Fair Value [Abstract]

Fair Value Measurements [Text Block]

8. Fair Value Measurements

Accounting Standards Codification Topic 820, Fair Value Measurement and Disclosures (“ASC 820”) defines fair value and establishes a framework for measuring fair value. The objective of fair value is to determine the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (the exit price). ASC 820 establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three levels: Level 1 – quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities; Level 2 – observable prices that are based on inputs not quoted in active markets, but corroborated by market data; and Level 3 – unobservable inputs that are used when little or no market data is available. The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. In determining fair value, we utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible as well as consider counterparty credit risk in our assessment of fair value.

Financial Assets and Liabilities Measured at Fair Value

Financial assets measured at fair value in our consolidated financial statements at December 31, 2011 consist of short-term investments (investments in Certificate of Deposit Account Registry Services “CDARS”) classified as available-for-sale and are presented in the table below based on their level in the fair value hierarchy. There were no financial assets measured at fair value at June 30, 2012 and there were no financial liabilities measured at fair value at June 30, 2012 and December 31, 2011.

		As of December 31, 2011
(Amounts in thousands)		Total		Level 1		Level 2		Level 3
	Short-term investments	$	5,000	$	5,000	$	-	$	-

Financial Assets and Liabilities not Measured at Fair Value

Financial liabilities that are not measured at fair value in our consolidated financial statements consist of our notes and mortgages payable. The fair value of our notes and mortgages payable is calculated by discounting the future contractual cash flows of these instruments using current risk-adjusted rates available to borrowers with similar credit ratings, which are provided by a third-party specialist. The fair value of our notes and mortgages payable is classified as Level 2. As of June 30, 2012 and December 31, 2011, the estimated fair value of our notes and mortgages payable was $1,386,000,000 and $1,374,000,000, respectively. Our fair value estimates, which are made at the end of the reporting period, may be different from the amounts that may ultimately be realized upon the disposition of our financial instruments. All financial assets, if any, were measured at fair value at June 30, 2012 and December 31, 2011.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44A, 44B
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15C, 15D
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15A
-Subparagraph a-d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15B
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 3, 10, 14, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32, 33, 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 17-22, 27, 28
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258

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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Topic 820
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-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19296-110258

+ Details

Stock-Based Compensation

6 Months Ended

Jun. 30, 2012

Stock-Based Compensation [Abstract]

Stock-Based Compensation [Text Block]

9. Stock-Based Compensation

We account for stock-based compensation in accordance with ASC 718, Compensation – Stock Compensation. Our Omnibus Stock Plan (the “Plan”) provides for grants of incentive and non-qualified stock options, restricted stock, stock appreciation rights, deferred stock units (“DSUs”) and performance shares, as defined, to the directors, officers and employees of the Company and Vornado.

In May 2012, the Company granted each of the members of its Board of Directors 129 DSUs with a grant date fair value of $37,500 per grant, or $300,000 in the aggregate. The DSUs entitle the holder to receive shares of the Company's common stock without the payment of any consideration. The DSUs vested immediately and accordingly were expensed on the date of grant, but the shares of common stock underlying the units are not deliverable to the grantee until the grantee is no longer serving on the Company's Board of Directors.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
-Paragraph 53
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

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-Name Accounting Standards Codification
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-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 4
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 718
-SubTopic 40
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929

+ Details

Commitments and Contingencies

6 Months Ended

Jun. 30, 2012

Commitments and Contingencies [Abstract]

Commitments and Contingencies [Text Block]

10. Commitments and Contingencies

Insurance

We maintain general liability insurance with limits of $300,000,000 per occurrence and all-risk property and rental value insurance coverage with limits of $1.7 billion per occurrence, including coverage for terrorist acts, with sub-limits for certain perils such as floods and earthquakes on each of our properties.

Fifty-Ninth Street Insurance Company, LLC (“FNSIC”), our wholly owned consolidated subsidiary, acts as a direct insurer for coverage for acts of terrorism, including nuclear, biological, chemical and radiological (“NBCR”) acts, as defined by the Terrorism Risk Insurance Program Reauthorization Act of 2007. Coverage for acts of terrorism (including NBCR acts) is up to $1.7 billion per occurrence. Coverage for acts of terrorism (excluding NBCR acts) is fully reinsured by third party insurance companies with no exposure to FNSIC. For NBCR acts, FNSIC is responsible for a $275,000 deductible and 15% of the balance of a covered loss and the Federal government is responsible for the remaining 85% of a covered loss. We are ultimately responsible for any loss borne by FNSIC.

There can be no assurance that we will be able to maintain similar levels of insurance coverage in the future in amounts and on terms that are commercially reasonable. We are responsible for deductibles and losses in excess of our insurance coverage, which could be material.

Our mortgage loans are non-recourse to us, except for $75,000,000 of the $320,000,000 mortgage on our 731 Lexington Avenue property, in the event of a substantial casualty, as defined. Our mortgage loans contain customary covenants requiring us to maintain insurance. If lenders insist on greater coverage than we are able to obtain, it could adversely affect our ability to finance our properties.

Flushing Property

In 2002 Flushing Expo, Inc. (“Expo”) agreed to purchase the stock of the entity which owns the Flushing property from us (“Purchase of the Property”) and gave us a non-refundable deposit of $1,875,000. Pursuant to a stipulation of settlement, we settled the action Expo brought against us regarding the Purchase of the Property and in June 2011, deposited the settlement amount with the Court, in exchange for which we received a stipulation of discontinuance, with prejudice, as well as general releases. In November 2011, Expo filed another action, this time against our tenant at the Flushing property asserting, among other things, that such tenant interfered with Expo's Purchase of the Property from us. In this new action Expo is seeking $50,000,000 in damages from our tenant, who is seeking indemnification from us for such amount. We believe, after consultation with counsel, that the new claim is without merit. The amount or range of reasonably possible losses, if any, cannot be estimated.

Environmental Remediation

In July 2006, we discovered an oil spill at our Kings Plaza Regional Shopping Center. We have notified the New York State Department of Environmental Conservation (“NYSDEC”) about the spill and have developed a remediation plan. The NYSDEC has approved a portion of the remediation plan and clean up is ongoing. The estimated costs associated with the clean up will aggregate approximately $3,000,000. We have paid $500,000 of such amount and the remainder is covered under our insurance policy.

10. Commitments and Contingencies - continued

Paramus

In 2001, we leased 30.3 acres of land located in Paramus, New Jersey to IKEA Property, Inc. The lease has a 40-year term with a purchase option in 2021 for $75,000,000. The property is encumbered by a $68,000,000 interest-only mortgage loan with a fixed rate of 2.90%, which matures in October 2018. The annual triple-net rent is the sum of $700,000 plus the amount of debt service on the mortgage loan. If the purchase option is exercised, we will receive net cash proceeds of approximately $7,000,000 and recognize a gain on sale of land of approximately $62,000,000. If the purchase option is not exercised, the triple-net rent for the last 20 years would include debt service sufficient to fully amortize $68,000,000 over the remaining 20-year lease term.

Letters of Credit

Approximately $3,998,000 of standby letters of credit were outstanding as of June 30, 2012.

Other

There are various other legal actions against us in the ordinary course of business. In our opinion, the outcome of such matters in the aggregate will not have a material effect on our financial condition, results of operations or cash flows.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.25)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 460
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-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
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-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

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-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

+ Details

Earnings Per Share

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

11. Earnings Per Share

The following table sets forth the computation of basic and diluted income per share, including a reconciliation of net income and the number of shares used in computing basic and diluted earnings per share. Basic income per share is determined using the weighted average shares of common stock outstanding during the period, including deferred stock units. Diluted income per share is determined using the weighted average shares of common stock outstanding during the period, including deferred stock units, and assumes all potentially dilutive securities were converted into common shares at the earliest date possible. There were no potentially dilutive securities outstanding during the three and six months ended June 30, 2012 and 2011.

			Three Months Ended				Six Months Ended
			June 30,				June 30,
(Amounts in thousands, except share and per share amounts)			2012		2011		2012		2011
	Net income attributable to common
		stockholders – basic and diluted	$	18,892	$	20,157	$	38,374	$	38,364

	Weighted average shares outstanding – basic and diluted			5,107,415		5,106,351		5,107,199		5,106,144

	Net income per common share – basic and diluted		$	3.70	$	3.95	$	7.51	$	7.51

Basis of Presentation (Policy)

6 Months Ended

Jun. 30, 2012

Basis of Presentation [Abstract]

Basis Of Accounting Policy Policy [Text Block]

2. Basis of Presentation

The results of operations for the three and six months ended June 30, 2012 are not necessarily indicative of the operating results for the full year.

We currently operate in one business segment.

Recently Issued Accounting Literature (Policy)

6 Months Ended

Jun. 30, 2012

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Recently Issued Accounting Literature Policy [Text Block]

3. Recently Issued Accounting Literature

Relationship with Vornado (Tables)

6 Months Ended

Jun. 30, 2012

Summary of Fees to Vornado [Table Text Block]

		Three Months Ended				Six Months Ended
		June 30,				June 30,
(Amounts in thousands)		2012		2011		2012		2011
Company management fees		$	750	$	750	$	1,500	$	1,500
Development fees			187		188		375		376
Leasing fees			1,006		1,765		1,629		3,280
Property management fees and payments for cleaning, engineering
	and security services		1,275		1,007		2,542		2,133
		$	3,218	$	3,710	$	6,046	$	7,289

Notes and Mortgages Payable (Tables)

6 Months Ended

Jun. 30, 2012

Notes and Mortgages Payable [Abstract]

Schedule of Notes and Mortgages Payable [Table Text Block]

					Balance at
			Interest Rate at		June 30,		December 31,
(Amounts in thousands)		Maturity	June 30, 2012		2012		2011
First mortgage, secured by the Rego Park I
	Shopping Center (100% cash collateralized)	Mar. 2013	0.50	%	$	78,246	$	78,246
First mortgage, secured by the office space
	at the Lexington Avenue property	Feb. 2014	5.33	%		333,742		339,890
First mortgage, secured by the retail space
	at the Lexington Avenue property⁽¹⁾	Jul. 2015	4.93	%		320,000		320,000
First mortgage, secured by the Kings Plaza
	Regional Shopping Center⁽²⁾	Jun. 2016	1.94	%		250,000		250,000
First mortgage, secured by the Paramus property		Oct. 2018	2.90	%		68,000		68,000
First mortgage, secured by the
	Rego Park II Shopping Center⁽³⁾	Nov. 2018	2.10	%		273,544		274,796
					$	1,323,532	$	1,330,932
___________________

(1)	In the event of a substantial casualty, as defined, up to $75,000 of this loan may become recourse to us.
(2)	This loan bears interest at LIBOR plus 1.70%.
(3)	This loan bears interest at LIBOR plus 1.85%.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Subparagraph (SX 210.4-08.(e),(f))
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+ Details

Fair value measurements (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value [Abstract]

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

		As of December 31, 2011
(Amounts in thousands)		Total		Level 1		Level 2		Level 3
	Short-term investments	$	5,000	$	5,000	$	-	$	-

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References + Details

Earnings per share (Tables)

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

			Three Months Ended				Six Months Ended
			June 30,				June 30,
(Amounts in thousands, except share and per share amounts)			2012		2011		2012		2011
	Net income attributable to common
		stockholders – basic and diluted	$	18,892	$	20,157	$	38,374	$	38,364

	Weighted average shares outstanding – basic and diluted			5,107,415		5,106,351		5,107,199		5,106,144

	Net income per common share – basic and diluted		$	3.70	$	3.95	$	7.51	$	7.51

Basis of Presentation (Details)	6 Months Ended
Basis of Presentation (Details)	Jun. 30, 2012
Basis of Presentation [Abstract]
Number Of Operating Segments	1

Related Party Transactions (Details) - Vornado [member]	6 Months Ended
Related Party Transactions (Details) - Vornado [member]	Jun. 30, 2012 USD ($) $ / sqft
Related Party Transaction [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	32.40%
Managment and Development Agreement [line items]
Management Fee Agreement Value	$ 3,000,000
Leasing Agreement [Line Items]
Asset sale commission threshold	$ 50,000,000
Percentage Commissions On Sale Of Assets Under Fifty Million	3.00%
Percentage Commissions On Sale Of Assets Over Fifty Million	1.00%
Leasing services fee and commission on asset sale, annual installment, maximum.	$ 4,000,000
Debt Instrument, Description of Variable Rate Basis	LIBOR
Basis spread over LIBOR	1.00%
Unpaid Balance Effective Interest	2.13%
Other Agreements [Abstract]
Other Supervisory Fees	6.00%
Lexington Avenue Property [Member] \| Office And Retail Space [Member]
Managment and Development Agreement [line items]
Property Management Fee Agreement Price Per Square Foot \| $ / sqft	0.5
Lexington Avenue Property [Member] \| Common Area [Member]
Managment and Development Agreement [line items]
Property Management Fee Agreement Value	$ 264,000
Property Management Fee Escalation Percentage Per Annum	3.00%
Kings Plaza Regional Shopping Center [Member]
Managment and Development Agreement [line items]
Property Management Fee Agreement Percentage Of Gross Revenue	3.00%
Rego Park 2 Property [Member]
Managment and Development Agreement [line items]
Property Management Fee Agreement Percentage Of Gross Revenue	2.00%
Development fees
Managment and Development Agreement [line items]
Development fee as percentage of development costs	6.00%
Minimum guaranteed development fee per annum	$ 750,000
Leasing Fees
Leasing Agreement [Line Items]
Lease Fee Percentage Of Rent One To Ten Years	3.00%
Lease Fee Percentage Of Rent Eleven To Twenty Years	2.00%
Lease Fee Percentage Of Rent Twenty First To Thirty Years	1.00%
Percentage Increase Lease Fee If Broker Used	1.00%
Other Agreements [Abstract]
Fees owed to Vornado	$ 39,838,000
Property Management Fees
Other Agreements [Abstract]
Fees owed to Vornado	$ 642,000

Related Party Transactions: Summary of Fees (Details) - Vornado [member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Summary of fees to Vornado [Line Items]
Fees to Related Party	$ 3,218	$ 3,710	$ 6,046	$ 7,289
Company management fees
Summary of fees to Vornado [Line Items]
Fees to Related Party	750	750	1,500	1,500
Development fees
Summary of fees to Vornado [Line Items]
Fees to Related Party	187	188	375	376
Leasing Fees
Summary of fees to Vornado [Line Items]
Fees to Related Party	1,006	1,765	1,629	3,280
Property Management Fees
Summary of fees to Vornado [Line Items]
Fees to Related Party	$ 1,275	$ 1,007	$ 2,542	$ 2,133

Notes and Mortgages Payable (Details) - USD ($)	Jun. 30, 2012	Dec. 31, 2011
Mortgage Loans on Real Estate [Line Items]
Balance	$ 1,323,532,000	$ 1,330,932,000
Rego Park 1 Shopping [Member] \| Mortgages [Member] \| Secured [Member]
Mortgage Loans on Real Estate [Line Items]
Debt Instrument Maturity Date String	2013-03
Interest rate	0.50%
Balance	$ 78,246,000	78,246,000
Percentage of cash mortgage collateralized	100.00%
Rego Park 2 Property [Member] \| Mortgages [Member] \| Secured [Member]
Mortgage Loans on Real Estate [Line Items]
Debt Instrument Maturity Date String	2018-11
Interest rate	2.10%
Balance	$ 273,544,000	274,796,000
Basis spread over LIBOR	1.85%
Lexington Avenue Property [Member]
Mortgage Loans on Real Estate [Line Items]
Balance	$ 320,000,000
Mortgage Loan Converted To Recourse	$ 75,000,000
Lexington Avenue Property [Member] \| Mortgages [Member] \| Secured [Member] \| Office Space [Member]
Mortgage Loans on Real Estate [Line Items]
Debt Instrument Maturity Date String	2014-02
Interest rate	5.33%
Balance	$ 333,742,000	339,890,000
Lexington Avenue Property [Member] \| Mortgages [Member] \| Secured [Member] \| Retail Space [Member]
Mortgage Loans on Real Estate [Line Items]
Debt Instrument Maturity Date String	2015-07
Interest rate	4.93%
Balance	$ 320,000,000	320,000,000
Mortgage Loan Converted To Recourse	$ 75,000
Kings Plaza Regional Shopping Center [Member] \| Mortgages [Member] \| Secured [Member]
Mortgage Loans on Real Estate [Line Items]
Debt Instrument Maturity Date String	2016-06
Interest rate	1.94%
Balance	$ 250,000,000	250,000,000
Basis spread over LIBOR	1.70%
Paramus Property [Member] \| Mortgages [Member] \| Secured [Member]
Mortgage Loans on Real Estate [Line Items]
Debt Instrument Maturity Date String	2018-10
Interest rate	2.90%
Balance	$ 68,000,000	$ 68,000,000

Interest and Other Income, net (Details) $ in Thousands	3 Months Ended
Interest and Other Income, net (Details) $ in Thousands	Jun. 30, 2011 USD ($)
Tenant Utility Costs [Member]
Interest and Other Income [Line Items]
Interest and Other Income, Net	$ 1,657

Significant Tenants (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Significant Tenants (Details) - USD ($) $ in Thousands	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Real Estate Properties [Line Items]
Total revenues	$ 63,602	$ 62,036	$ 127,262	$ 124,908
Bloomberg [Member] \| Customer Concentration Risk [Member]
Real Estate Properties [Line Items]
Total revenues			$ 42,395	$ 41,504
Percentage Rent Contributed By Tenant	33.00%	33.00%	33.00%	33.00%

Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities recorded at fair value	$ 0	$ 0
Long-term Debt, Fair Value	$ 1,386,000	1,374,000
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments		5,000
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments		0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments		$ 0

- Definition

This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents Available-for-sale Securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities which are categorized as Available-for-sale.

+ References + Details

Stock based compensation (Details) - USD ($)	1 Months Ended	6 Months Ended
Stock based compensation (Details) - USD ($)	May 31, 2012	Jun. 30, 2012	Jun. 30, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expense recognized in connection with the issuance of Deferred Stock Units		$ 300,000	$ 300,000
Deferred Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted to each grantee	129
Grant date fair value per grant	$ 37,500
Expense recognized in connection with the issuance of Deferred Stock Units	$ 300,000

Commitments and Contingencies (Details)	6 Months Ended
Commitments and Contingencies (Details)	Jun. 30, 2012 USD ($) acre	Dec. 31, 2011 USD ($)
Insurance [Abstract]
Mortgage loan, carrying amount	$ 1,323,532,000	$ 1,330,932,000
Letters Of Credit [Abstract]
Standby letters of credit, issued and outstanding	3,998,000.00
Lexington Avenue Property [Member]
Insurance [Abstract]
Mortgage loans, recourse	75,000,000
Mortgage loan, carrying amount	320,000,000
Kings Plaza Regional Shopping Center [Member]
Environmental Remediation [Abstract]
Estimated total costs associated with clean up	3,000,000
Previously Paid Amounts For Environmental Liabilities	500,000
Paramus Property [Member] \| Tenant Occupant [Member] \| Ikea [Member]
Insurance [Abstract]
Mortgage loan, carrying amount	$ 68,000,000.00
Paramus Property [Abstract]
Acres Of Real Estate Land \| acre	30.3
Leases Of Lessor Rental Term Range	40 years
Fixed interest rate on the debt	2.90%
Triple-net rent, annual amount	$ 700,000.00
Paramus Property [Member] \| Tenant Occupant [Member] \| Ikea [Member] \| Scenario, Forecast [Member]
Paramus Property [Abstract]
Property purchase option exercisable be leasee	75,000,000.00
Purchase option exercised, proceeds from sale of land	7,000,000.00
Purchase option excercised, gain on sale of land	62,000,000.00
Purchase Option Not Excercised Amount Included In Triple Net Rent Over Remainder Of Lease	$ 68,000,000.00
Loan Amortization Period	20 years
Flushing Property [Member]
Flushing Property [Abstract]
Non-refundable purchase deposit	$ 1,875,000
Indemnification Sought by Tenant	$ 50,000,000
Loss Contingency, Opinion of Counsel	We believe, after consultation with counsel, that the new claim is without merit.
Loss Contingency, Inestimable Loss	The amount or range of reasonably possible losses, if any, cannot be estimated.
General Liability [Member]
Insurance [Abstract]
Insurance Maximum Coverage Per Incident	$ 300,000,000
All Risk Property And Rental Value [Member]
Insurance [Abstract]
Insurance Maximum Coverage Per Incident	1,700,000,000
Terrorism Coverage Including Nbcr [Member] \| Self Insured [Member]
Insurance [Abstract]
Insurance Maximum Coverage Per Incident	1,700,000,000
Reinsurance For Terrorism Coverage Excluding Nbcr [Member] \| Third Party Carriers [Member]
Insurance [Abstract]
Insurance Maximum Coverage Per Incident	1,700,000,000
NBCR [Member]
Insurance [Abstract]
Deductible	$ 275,000
Self Insured Responsibility	15.00%
Federal Government Responsibility	85.00%

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Earnings Per Share [Abstract]
Net income attributable to common stockholders	$ 18,892	$ 20,157	$ 38,374	$ 38,364
Weighted average shares outstanding - basic	5,107,415	5,106,351	5,107,199	5,106,144
Weighted average shares - diluted	5,107,415	5,106,351	5,107,199	5,106,144
Net income per common share - basic	$ 3.70	$ 3.95	$ 7.51	$ 7.51
Net income per common share - diluted	$ 3.70	$ 3.95	$ 7.51	$ 7.51

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 36, 37, 38
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 5
-Section 03
-Paragraph 20

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 7
-Paragraph 18

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 21
-Article 9

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.21)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
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-Paragraph 1
-Subparagraph (SX 210.9-04.23)
-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 87-21
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 10, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28, 29, 30
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 5
-Section 03
-Paragraph 19

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.18)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 12: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
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-Paragraph 1
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-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A7
-Appendix A

+ Details

- Definition

The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.

+ References + Details

- Definition

Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1448-109256

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Weighted-Average Number of Common Shares Outstanding
-URI http://asc.fasb.org/extlink&oid=6528421

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details