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 — 239,911 — 347,743 347,743 139,418 1927 3/1998 Various 711 Third Avenue(1)(2) — 19,844 42,499 — 57,916 19,844 100,415 120,259 34,418 1955 5/1998 Various 555 W. 57th Street(1) — 18,846 78,704 — 59,564 18,846 138,268 157,114 58,187 1971 1/1999 Various 220 East 42nd Street(1) 275,000 50,373 203,727 635 85,907 51,008 289,634 340,642 90,730 1929 2/2003 Various 461 Fifth Avenue(1) — — 62,695 — 10,723 — 73,418 73,418 26,105 1988 10/2003 Various 750 Third Avenue(1) — 51,093 205,972 — 39,436 51,093 245,408 296,501 85,282 1958 7/2004 Various 625 Madison Ave(1) — — 246,673 — 41,937 — 288,610 288,610 97,690 1956 10/2004 Various 485 Lexington Avenue(1) 450,000 77,517 326,825 765 94,646 78,282 421,471 499,753 155,321 1956 12/2004 Various 609 Fifth Avenue(1) — 36,677 145,954 — 8,270 36,677 154,224 190,901 41,993 1925 6/2006 Various 810 Seventh Avenue(1) — 114,077 476,386 — 65,985 114,077 542,371 656,448 145,216 1970 1/2007 Various 919 Third Avenue(1)(3) 500,000 223,529 1,033,198 35,410 42,038 258,939 1,075,236 1,334,175 274,778 1970 1/2007 Various 1185 Avenue of the Americas(1) — — 728,213 — 39,403 — 767,616 767,616 221,415 1969 1/2007 Various 1350 Avenue of the Americas(1) — 91,038 380,744 — 37,736 91,038 418,480 509,518 114,264 1966 1/2007 Various 1100 King Street— 1-7 International Drive(4) — 49,392 104,376 (24,004 ) 23,954 25,388 128,330 153,718 35,062 1983/1986 1/2007 Various 520 White Plains Road(4) — 6,324 26,096 — 6,602 6,324 32,698 39,022 9,158 1979 1/2007 Various 115-117 Stevens Avenue(4) — 5,933 23,826 — 5,390 5,933 29,216 35,149 7,622 1984 1/2007 Various 100 Summit Lake Drive(4) — 10,526 43,109 — 8,476 10,526 51,585 62,111 15,149 1988 1/2007 Various 200 Summit Lake Drive(4) — 11,183 47,906 — 10,448 11,183 58,354 69,537 16,543 1990 1/2007 Various 500 Summit Lake Drive(4) — 9,777 39,048 — 5,290 9,777 44,338 54,115 11,672 1986 1/2007 Various 360 Hamilton Avenue(4) — 29,497 118,250 — 13,844 29,497 132,094 161,591 35,784 2000 1/2007 Various 1-6 Landmark Square(5) 100,000 50,947 195,167 — 45,253 50,947 240,420 291,367 61,359 1973-1984 1/2007 Various 7 Landmark Square(5) — 2,088 7,748 (367 ) 670 1,721 8,418 10,139 1,032 2007 1/2007 Various 680 Washington Boulevard(3)(5) — 11,696 45,364 — 10,126 11,696 55,490 67,186 14,462 1989 1/2007 Various 750 Washington Boulevard(3)(5) — 16,916 68,849 — 8,350 16,916 77,199 94,115 19,727 1989 1/2007 Various 1010 Washington Boulevard(5) — 7,747 30,423 — 6,598 7,747 37,021 44,768 9,722 1988 1/2007 Various 400 Summit Lake Drive(4) — 38,889 1 285 2 39,174 3 39,177 — --- 1/2007 N/A 1055 Washington Boulevard(5) — 13,516 53,228 — 7,559 13,516 60,787 74,303 15,655 1987 6/2007 Various 1 Madison Avenue(1) 517,806 172,641 654,394 905 15,381 173,546 669,775 843,321 158,913 1960 8/2007 Various 125 Chubb Way(6) — 5,884 25,958 — 25,556 5,884 51,514 57,398 9,170 2008 1/2008 Various 100 Church Street(1) 221,446 32,494 79,996 2,500 90,141 34,994 170,137 205,131 40,466 1959 1/2010 Various 125 Park Avenue(1) — 120,900 189,714 — 68,264 120,900 257,978 378,878 54,736 1923 10/2010 Various 885 Third Avenue(1) 267,650 131,766 — 110,771 — 242,537 — 242,537 — --- 12/2010 N/A Williamsburg(7) — 3,677 14,708 2,523 (4,550 ) 6,200 10,158 16,358 1,604 2010 12/2010 Various 1515 Broadway(1) 888,531 462,700 707,938 1,145 136,457 463,845 844,395 1,308,240 137,847 1972 4/2011 Various 110 East 42nd Street(1) — 34,000 46,411 2,354 21,634 36,354 68,045 104,399 15,275 1921 5/2011 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 400 East 58th Street(1)(8) 40,000 17,549 30,916 — 7,048 17,549 37,964 55,513 4,199 1929 1/2012 Various 752 Madison Avenue(1) — 282,415 7,131 1,871 10 284,286 7,141 291,427 1,068 1996/2012 1/2012 Various 762 Madison Avenue(1)(8) 7,694 6,153 10,461 — 90 6,153 10,551 16,704 1,359 1910 1/2012 Various 19-21 East 65th Street(1)(8) — — 7,389 — 148 — 7,537 7,537 947 1928-1940 1/2012 Various 304 Park Avenue(1) — 54,189 75,619 300 11,792 54,489 87,411 141,900 13,322 1930 6/2012 Various 635 Sixth Avenue(1) — 24,180 37,158 163 50,189 24,343 87,347 111,690 4,428 1902 9/2012 Various 641 Sixth Avenue(1) — 45,668 67,316 308 3,076 45,976 70,392 116,368 9,339 1902 9/2012 Various 1080 Amsterdam(1)(9) 3,525 — 27,445 — 20,521 — 47,966 47,966 2,950 1932 10/2012 Various 16 Court Street(7) — 19,217 63,210 — 16,092 19,217 79,302 98,519 10,366 1927-1928 4/2013 Various 315 West 33rd Street (1) — 195,834 164,429 — 8,919 195,834 173,348 369,182 15,160 2000-2001 11/2013 Various 562 Fifth Avenue(1) — 57,052 10,487 — 1,213 57,052 11,700 68,752 2,735 1909/1920/1921 11/2013 Various 719 Seventh Avenue(1)(10) 37,388 41,850 — 1,288 27,265 43,138 27,265 70,403 — 1927 7/2014 Various 115 Spring Street(1) — 11,078 44,799 — 1,686 11,078 46,485 57,563 2,918 1900 7/2014 Various 635 Madison(1) — 205,632 15,805 — — 205,632 15,805 221,437 910 9/2014 N/A 102 Greene Street(1) — 8,215 26,717 35 482 8,250 27,199 35,449 888 1910 11/2014 Various 1640 Flatbush Avenue(7) — 6,226 501 — 127 6,226 628 6,854 22 1966 3/2015 Various One Vanderbilt (1)(11) 64,030 80,069 116,557 — 191,441 80,069 307,998 388,067 — N/A 6/2001 - 11/2011 Various Upper East Side Residential (1)(12) — 48,152 — — — 48,152 — 48,152 — 1930 6/2015 Various 110 Greene Street (1)(8) — 45,120 215,470 — 3,985 45,120 219,455 264,575 9,459 1910 7/2015 Various 187 Broadway (1) 8,400 7,600 9,412 (266 ) (262 ) 7,334 9,150 16,484 3,145 1969 8/2015 Various 5-7 Dey Street (1) 31,600 13,400 34,175 (468 ) (5 ) 12,932 34,170 47,102 11,704 1921 8/2015 Various 30 East 40th Street (1) — 4,650 20,000 2 1,031 4,652 21,031 25,683 295 1927 8/2015 Various 600 Lexington Avenue (1)(13) — 81,670 182,447 (2,166 ) (1,607 ) 79,504 180,840 260,344 6,443 1983 12/2015 Various 183 Broadway(1) 18,000 5,799 23,431 385 715 6,184 24,146 30,330 4,591 1920 3/2016 Various Other(14) — 2,134 7,922 (3 ) 20 2,131 7,942 10,073 2,671 Various Total $ 3,731,070 $ 3,175,339 $ 7,760,729 $ 134,371 $ 1,672,893 $ 3,309,710 $ 9,433,622 $ 12,743,332 $ 2,264,694 ______________________________________________________________________ (1) Property located in New York, New York. (2) We own a 50.0% interest in this property. (3) We own a 51.0% interest in this property. (4) Property located in Westchester County, New York. (5) Property located in Connecticut. (6) Property located in New Jersey. (7) Property located in Brooklyn, New York. (8) We own a 90.0% interest in this property. (9) We own a 92.5% interest in this property. (10) We own a 75.0% interest in this property. (11) 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. (12) We own a 95.1% interest in this property. (13) 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 . (14) Other includes tenant improvements of eEmerge, capitalized interest and corporate improvements. The changes in real estate for the years ended December 31, 2016 , 2015 and 2014 are as follows (in thousands): 2016 2015 2014 Balance at beginning of year $ 16,681,602 $ 14,069,141 $ 12,333,780 Property acquisitions 29,230 3,064,137 2,428,259 Improvements 426,060 396,555 379,295 Retirements/disposals/deconsolidation (4,393,560 ) (848,231 ) (1,072,193 ) Balance at end of year $ 12,743,332 $ 16,681,602 $ 14,069,141 The aggregate cost of land, buildings and improvements, before depreciation, for Federal income tax purposes at December 31, 2016 was $9.2 billion (unaudited). The changes in accumulated depreciation, exclusive of amounts relating to equipment, autos, and furniture and fixtures, for the years ended December 31, 2016 , 2015 and 2014 are as follows (in thousands): 2016 2015 2014 Balance at beginning of year $ 2,060,706 $ 1,905,165 $ 1,646,240 Depreciation for year 353,502 480,523 307,823 Retirements/disposals/deconsolidation (149,514 ) (324,982 ) (48,898 ) Balance at end of year $ 2,264,694 $ 2,060,706 $ 1,905,165 |