Schedule III - Real Estate And Accumulated Depreciation | Column A Column B Column C Initial Cost Column D Cost Capitalized Subsequent To Acquisition Column E Gross Amount at Which Carried at Close of Period Column F Column G Column H Column I Description Encumbrances Land Building & Improvements Land Building & Improvements Land Building & Improvements Total Accumulated Depreciation Date of Construction Date Acquired Life on Which Depreciation is Computed 420 Lexington Ave(1) 300,000 — 107,832 — 233,845 — 341,677 341,677 123,717 1927 3/1998 Various 711 Third Avenue(1)(7) — 19,844 42,499 — 38,618 19,844 81,117 100,961 29,741 1955 5/1998 Various 555 W. 57th Street(1) — 18,846 78,704 — 50,261 18,846 128,965 147,811 53,036 1971 1/1999 Various 317 Madison Ave(1) — 21,205 85,559 (21,205 ) (85,559 ) — — — — 1920 6/2001 Various 220 East 42nd Street(1) 275,000 50,373 203,727 635 64,648 51,008 268,375 319,383 90,072 1929 2/2003 Various 461 Fifth Avenue(1) — — 62,695 — 11,527 — 74,222 74,222 24,449 1988 10/2003 Various 750 Third Avenue(1) — 51,093 205,972 — 37,283 51,093 243,255 294,348 78,460 1958 7/2004 Various 625 Madison Ave(1) — — 246,673 — 38,779 — 285,452 285,452 87,625 1956 10/2004 Various 485 Lexington Avenue(1) 450,000 77,517 326,825 765 88,570 78,282 415,395 493,677 140,556 1956 12/2004 Various 609 Fifth Avenue(1) — 36,677 145,954 — 8,157 36,677 154,111 190,788 37,473 1925 6/2006 Various 120 West 45th Street(1) — 60,766 250,922 (60,766 ) (250,922 ) — — — — 1998 1/2007 Various 810 Seventh Avenue(1) — 114,077 476,386 — 65,604 114,077 541,990 656,067 131,946 1970 1/2007 Various 919 Third Avenue(1)(2) 500,000 223,529 1,033,198 35,410 27,639 258,939 1,060,837 1,319,776 245,932 1970 1/2007 Various 1185 Avenue of the Americas(1) — — 728,213 — 36,857 — 765,070 765,070 198,483 1969 1/2007 Various 1350 Avenue of the Americas(1) — 91,038 380,744 — 32,612 91,038 413,356 504,394 102,335 1966 1/2007 Various 1100 King Street— 1-7 International Drive(3) — 49,392 104,376 2,473 17,612 51,865 121,988 173,853 31,007 1983/1986 1/2007 Various 520 White Plains Road(3) — 6,324 26,096 — 6,720 6,324 32,816 39,140 8,617 1979 1/2007 Various 115-117 Stevens Avenue(3) — 5,933 23,826 — 5,797 5,933 29,623 35,556 7,916 1984 1/2007 Various 100 Summit Lake Drive(3) — 10,526 43,109 — 7,402 10,526 50,511 61,037 13,567 1988 1/2007 Various 200 Summit Lake Drive(3) — 11,183 47,906 — 8,223 11,183 56,129 67,312 14,714 1990 1/2007 Various 500 Summit Lake Drive(3) — 9,777 39,048 — 5,456 9,777 44,504 54,281 10,557 1986 1/2007 Various 140 Grand Street(3) — 6,865 28,264 (6,865 ) (28,264 ) — — — — 1991 1/2007 Various 360 Hamilton Avenue(3) — 29,497 118,250 — 12,515 29,497 130,765 160,262 31,927 2000 1/2007 Various 1-6 Landmark Square(4) 79,562 50,947 195,167 — 36,803 50,947 231,970 282,917 54,477 1973-1984 1/2007 Various 7 Landmark Square(4) — 2,088 7,748 (367 ) 84 1,721 7,832 9,553 799 2007 1/2007 Various 680 Washington Boulevard(2)(4) — 11,696 45,364 — 5,818 11,696 51,182 62,878 12,783 1989 1/2007 Various 750 Washington Boulevard(2)(4) — 16,916 68,849 — 6,459 16,916 75,308 92,224 17,391 1989 1/2007 Various 1010 Washington Boulevard(4) — 7,747 30,423 — 5,223 7,747 35,646 43,393 8,732 1988 1/2007 Various 500 West Putnam Avenue(4) 22,376 11,210 44,782 — 5,054 11,210 49,836 61,046 11,684 1973 1/2007 Various 150 Grand Street(3) — 1,371 5,446 (1,371 ) (5,446 ) — — — — 1962 1/2007 Various 400 Summit Lake Drive(3) — 38,889 1 285 — 39,174 1 39,175 1 --- 1/2007 N/A 331 Madison Avenue(1) — 14,763 65,241 (14,763 ) (65,241 ) — — — — 1923 4/2007 Various 1055 Washington Boulevard(4) — 13,516 53,228 — 5,297 13,516 58,525 72,041 13,747 1987 6/2007 Various 1 Madison Avenue(1) 542,817 172,641 654,394 905 15,261 173,546 669,655 843,201 141,854 1960 8/2007 Various Column A Column B Column C Initial Cost Column D Cost Capitalized Subsequent To Acquisition Column E Gross Amount at Which Carried at Close of Period Column F Column G Column H Column I Description Encumbrances Land Building & Improvements Land Building & Improvements Land Building & Improvements Total Accumulated Depreciation Date of Construction Date Acquired Life on Which Depreciation is Computed 125 Chubb Way(5) — 5,884 25,958 — 24,482 5,884 50,440 56,324 7,200 2008 1/2008 Various 100 Church Street(1) 225,099 32,494 79,996 2,500 87,286 34,994 167,282 202,276 33,564 1959 1/2010 Various 125 Park Avenue(1) — 120,900 189,714 — 55,365 120,900 245,079 365,979 43,887 1923 10/2010 Various 885 Third Avenue(1) 267,650 131,766 — 110,771 — 242,537 — 242,537 — --- 12/2010 N/A Williamsburg(6) — 3,677 14,708 2,523 (4,550 ) 6,200 10,158 16,358 1,343 2010 12/2010 Various 1515 Broadway(1) 900,000 462,700 707,938 1,145 102,335 463,845 810,273 1,274,118 112,497 1972 4/2011 Various 110 East 42nd Street(1) — 34,000 46,411 2,354 19,165 36,354 65,576 101,930 12,397 1921 5/2011 Various 51 East 42nd Street(1) — 44,095 33,470 (44,095 ) (33,470 ) — — — — 1913 11/2011 Various 400 East 57th Street(1)(11) 67,644 39,780 69,895 — 14,136 39,780 84,031 123,811 7,534 1931 1/2012 Various 400 East 58th Street(1)(11) 28,990 17,549 30,916 — 6,217 17,549 37,133 54,682 3,291 1929 1/2012 Various 752 Madison Avenue(1)(8) — 282,415 7,131 1,871 10 284,286 7,141 291,427 858 1996/2012 1/2012 Various 762 Madison Avenue(1)(11) 7,872 6,153 10,461 — 90 6,153 10,551 16,704 1,083 1910 1/2012 Various 19-21 East 65th Street(1)(11) — — 7,389 — 159 — 7,548 7,548 753 1928-1940 1/2012 Various 304 Park Avenue(1) — 54,189 75,619 300 8,122 54,489 83,741 138,230 10,341 1930 6/2012 Various 635 Sixth Avenue(1) — 24,180 37,158 163 49,534 24,343 86,692 111,035 1,462 1902 9/2012 Various 641 Sixth Avenue(1) — 45,668 67,316 308 1,888 45,976 69,204 115,180 7,308 1902 9/2012 Various 1080 Amsterdam(1)(9) 3,525 — 27,445 — 20,405 — 47,850 47,850 1,766 1932 10/2012 Various 131-137 Spring Street(1)(10) — 27,021 105,342 (27,021 ) (105,342 ) — — — — 1891 12/2012 Various 248-252 Bedford Avenue(6)(11) 29,000 10,865 44,035 (10,865 ) (43,672 ) — 363 363 — 2012 3/2013 Various 16 Court Street(6) — 19,217 63,210 — 10,854 19,217 74,064 93,281 7,393 1927-1928 4/2013 Various 315 West 33rd Street (1) — 195,834 164,429 — 6,173 195,834 170,602 366,436 10,246 2000-2001 11/2013 Various 562 Fifth Avenue(1) — 57,052 10,487 1,213 57,052 11,700 68,752 1,874 1909/1920/1921 11/2013 Various 388-390 Greenwich Street(1) 1,450,000 516,292 964,434 — 140,275 516,292 1,104,709 1,621,001 48,195 1986/1990 5/2014 Various 719 Seventh Avenue(1)(12) — 41,850 — 500 6,107 42,350 6,107 48,457 — 1927 7/2014 Various 115 Spring Street(1) — 11,078 44,799 — 247 11,078 45,046 56,124 1,788 1900 7/2014 Various 635 Madison(1) — 205,632 15,805 — — 205,632 15,805 221,437 515 9/2014 N/A 102 Greene Street(1) — 8,215 26,717 — 277 8,215 26,994 35,209 847 1910 11/2014 Various 1640 Flatbush Avenue (6) — 6,120 680 — — 6,120 680 6,800 13 1966 3/2015 Various One Vanderbilt (1)(13) — 80,069 116,557 — 31,095 80,069 147,652 227,721 — N/A 6/2001 - 11/2011 Various Upper East Side Residential (1)(11) — 17,500 32,500 26 48 17,526 32,548 50,074 450 1930 6/2015 Various 110 Greene Street (1)(11) — 89,250 165,750 — 324 89,250 166,074 255,324 1,827 1910 7/2015 Various 11 Madison Ave (1) 1,400,000 849,926 1,579,118 — 66,007 849,926 1,645,125 2,495,051 11,020 1929 8/2015 Various 187 Broadway (1) 8,400 4,707 8,741 — — 4,707 8,741 13,448 799 1969 8/2015 Various 5-7 Dey Street (1) 31,600 17,394 32,304 — — 17,394 32,304 49,698 2,953 1921 8/2015 Various 30 East 40th Street (1) — 4,650 20,000 — — 4,650 20,000 24,650 82 1927 8/2015 Various 600 Lexington Avenue (1)(14) 112,795 97,044 180,224 — — 97,044 180,224 277,268 288 1983 12/2015 Various Other (15) — 2,130 10,894 — — 2,130 10,894 13,024 3,534 Various Total $ 6,702,330 $ 4,803,542 $ 10,994,972 $ (24,384 ) $ 907,472 $ 4,779,158 $ 11,902,444 $ 16,681,602 $ 2,060,706 ______________________________________________________________________ (1) Property located in New York, New York. (2) We own a 51.0% interest in this property. (3) Property located in Westchester County, New York. (4) Property located in Connecticut. (5) Property located in New Jersey. (6) Property located in Brooklyn, New York. (7) We own a 50.0% interest in this property. (8) We own an 80.0% interest in this property. (9) We own a 92.5% interest in this property. (10) We own a 20.0% interest in this property. (11) We own a 90.0% interest in this property. (12) We own a 75.0% interest in this property. (13) Properties at 317 Madison Avenue, 331 Madison Avenue and 51 East 42nd Street were demolished in preparation of the development site for the One Vanderbilt project. (14) In May 2010 we acquired a 55.0% interest in this property for $193.0 million . In December 2015 we acquired the additional 45.0% interest in this property, thereby consolidating full ownership of the property. The December 2015 transaction valued the consolidated interests at $277.3 million . (15) Other includes tenant improvements of eEmerge, capitalized interest and corporate improvements. The changes in real estate for the years ended December 31, 2015 , 2014 and 2013 are as follows (in thousands): 2015 2014 2013 Balance at beginning of year $ 14,069,141 $ 12,333,780 $ 11,662,953 Property acquisitions 3,064,137 2,428,259 702,717 Improvements 396,555 379,295 199,141 Retirements/disposals/deconsolidation (848,231 ) (1,072,193 ) (231,031 ) Balance at end of year $ 16,681,602 $ 14,069,141 $ 12,333,780 The aggregate cost of land, buildings and improvements, before depreciation, for Federal income tax purposes at December 31, 2015 was $12.4 billion (unaudited). The changes in accumulated depreciation, exclusive of amounts relating to equipment, autos, and furniture and fixtures, for the years ended December 31, 2015 , 2014 and 2013 are as follows (in thousands): 2015 2014 2013 Balance at beginning of year $ 1,905,165 $ 1,646,240 $ 1,393,323 Depreciation for year 480,523 307,823 286,776 Retirements/disposals/deconsolidation (324,982 ) (48,898 ) (33,859 ) Balance at end of year $ 2,060,706 $ 1,905,165 $ 1,646,240 |