New York REIT Liquidating (NYRT) 10-K 1 Mar 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2017	Jan. 31, 2018	Jun. 30, 2017
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Trading Symbol	NYRT
Entity Registrant Name	NEW YORK REIT, INC.
Entity Central Index Key	1,474,464
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		167,928,730
Entity Public Float			$ 1.4

Consolidated Statement of Net A

Consolidated Statement of Net Assets $ in Thousands	Dec. 31, 2017USD ($)
Assets
Investment in unconsolidated joint venture	$ 190,585
Cash and cash equivalents	45,536
Restricted cash held in escrow	3,058
Total Assets	2,152,380
Liabilities
Mortgage notes payable	1,107,526
Related party fees payable	455
Total liabilities	1,210,711
Liquidation Value [Member]
Assets
Investments in real estate	488,616
Investment in unconsolidated joint venture	257,634
Cash and cash equivalents	241,019
Restricted cash held in escrow	99,768
Accounts receivable	3,696
Total Assets	1,090,733
Liabilities
Mortgage notes payable	215,494
Liability for estimated costs in excess of estimated receipts during liquidation	27,228
Accounts payable, accrued expenses and other liabilities	14,881
Related party fees payable	17
Total liabilities	257,620
Commitments and Contingencies
Net assets in liquidation	$ 833,113

Consolidated Balance Sheet

Consolidated Balance Sheet $ in Thousands	Dec. 31, 2017USD ($)
Real estate investments, at cost:
Land	$ 477,171
Buildings, fixtures and improvements	1,176,152
Acquired intangible assets	132,348
Total real estate investments, at cost	1,785,671
Less accumulated depreciation and amortization	(210,738)
Total real estate investments, net	1,574,933
Cash and cash equivalents	45,536
Restricted cash	3,058
Investment in unconsolidated joint venture	190,585
Derivatives, at fair value	165
Tenant and other receivables	3,904
Receivable for mortgage proceeds	260,000
Unbilled rent receivables	52,620
Prepaid expenses and other assets	15,061
Deferred costs, net	6,518
Total Assets	2,152,380
Liabilities and Equity
Mortgage notes payable, net of deferred financing costs	1,107,526
Market lease intangibles, net	65,187
Derivatives, at fair value	74
Accounts payable, accrued expenses and other liabilities (including amounts due to related parties of $455 as of December 31, 2016)	33,364
Deferred revenue	4,548
Dividend payable	12
Total liabilities	1,210,711
Preferred stock
Common stock, $0.01 par value; 300,000,000 shares authorized, 167,066,364 shares issued and outstanding at December 31, 2016	1,671
Additional paid-in capital	1,445,092
Accumulated other comprehensive loss	(713)
Accumulated deficit	(515,073)
Total stockholders' equity	930,977
Non-controlling interests	10,692
Total equity	941,669
Total liabilities and equity	2,152,380
Convertible Preferred Stock [Member]
Liabilities and Equity
Preferred stock

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) $ in Thousands	Dec. 31, 2017USD ($)$ / sharesshares
Due to affiliates | $	$ 455
Preferred stock, par value | $ / shares	$ 0.01
Preferred stock, shares authorized	40,866,376
Preferred stock, shares issued	0
Preferred stock, shares outstanding	0
Common stock, par value | $ / shares	$ 0.01
Common stock, shares authorized	300,000,000
Common stock, shares issued	167,066,364
Common stock, shares outstanding	167,066,364
Convertible Preferred Stock [Member]
Preferred stock, par value | $ / shares	$ 0.01
Preferred stock, shares authorized	9,133,624
Preferred stock, shares issued	0
Preferred stock, shares outstanding	0

Consolidated Statements of Chan

Consolidated Statements of Changes in Net Assets $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)
Changes in net assets in liquidation:
Liquidating distributions to common stockholders	$ (515,541)
Liquidation Value [Member]
Net assets in liquidation, beginning of period	1,552,926
Changes in net assets in liquidation:
Changes in liquidation value of investments in real estate	(143,025)
Changes in liquidation value of investment in unconsolidated joint venture	16,051
Remeasurement of assets and liabilities	(78,005)
Remeasurement of non-controlling interest	707
Net decrease in liquidation value	(204,272)
Liquidating distributions to common stockholders	(515,541)
Changes in net assets in liquidation	(719,813)
Net assets in liquidation, end of period	$ 833,113

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Revenues:
Rental income	$ 119,666	$ 129,118
Hotel revenue	26,542	26,125
Operating expense reimbursement and other revenue	14,066	19,278
Total revenue	160,274	174,521
Operating expenses:
Property operating	43,561	43,752
Hotel operating	26,753	25,366
Operating fees incurred from the Advisor	13,345	12,465
Transaction related	19,708	3,771
Impairment loss on real estate investment	27,911
General and administrative	12,799	27,345
Depreciation and amortization	68,952	82,716
Total operating expenses	213,029	195,415
Operating loss	(52,755)	(20,894)
Other income (expenses):
Interest expense	(40,193)	(29,362)
Income from unconsolidated joint venture	2,724	1,939
Income from preferred equity investment	26	1,103
Gain on sale of real estate investments, net	6,630	7,523
Loss on derivative instruments	(331)	(578)
Total other expenses	(31,144)	(19,375)
Net loss	(83,899)	(40,269)
Net loss attributable to non-controlling interests	1,373	1,188
Net loss attributable to stockholders	(82,526)	(39,081)
Other comprehensive income (loss):
Unrealized gain (loss) on derivatives	524	(177)
Unrealized gain (loss) on investment securities		(244)
Total other comprehensive income (loss)	524	(421)
Comprehensive loss attributable to stockholders	$ (82,002)	$ (39,502)
Basic and diluted weighted average common shares outstanding	164,949,461	162,165,580
Basic and diluted net loss per share attributable to stockholders	$ (0.50)	$ (0.24)
Dividends declared per common share	$ 0.38	$ 0.46

Consolidated Statement of Chang

Consolidated Statement of Changes in Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Accumulated Deficit [Member]	Non-controlling Interests [Member]	Parent [Member]
Beginning Balance at Dec. 31, 2014	$ 1,146,947	$ 1,622	$ 1,401,619	$ (816)	$ (255,478)	$ 48,730	$ 1,195,677
Beginning Balance, Share at Dec. 31, 2014		162,181,939
OP units converted to common stock	974	$ 1	973			(974)
OP units converted to common stock, Share		92,751
Equity-based compensation and redemption of vested shares	1,035	$ 3	1,032			14,145	15,180
Equity-based compensation and redemption of vested shares, Share		255,121
Dividends declared on common stock and distributions to non-controlling interest holders	(74,714)				(74,714)	(3,184)	(77,898)
Net loss	(39,081)				(39,081)	(1,188)	(40,269)
Other comprehensive loss	(421)			(421)			(421)
Ending Balance at Dec. 31, 2015	1,034,740	$ 1,626	1,403,624	(1,237)	(369,273)	57,529	1,092,269
Ending Balance, Share at Dec. 31, 2015		162,529,811
OP units converted to common stock	31,199	$ 33	31,166			(31,199)
OP units converted to common stock, Share		3,336,430
LTIP units converted into common stock	9,713	$ 12	9,701			(9,713)
LTIP units converted into common stock, Share		1,172,738
Equity-based compensation and redemption of vested shares	601		601			(2,623)	(2,022)
Equity-based compensation and redemption of vested shares, Share		27,385
Dividends declared on common stock and distributions to non-controlling interest holders	(63,274)				(63,274)	(1,929)	(65,203)
Net loss	(82,526)				(82,526)	(1,373)	(83,899)
Other comprehensive loss	524			524			524
Ending Balance at Dec. 31, 2016	930,977	$ 1,671	$ 1,445,092	$ (713)	$ (515,073)	$ 10,692	$ 941,669
Ending Balance, Share at Dec. 31, 2016		167,066,364
Ending Balance at Dec. 31, 2017	$ 941,669

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities:
Net loss	$ (83,899)	$ (40,269)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	68,952	82,716
Amortization of deferred financing costs	8,088	7,036
Accretion of below- and amortization of above-market lease liabilities and assets, net	(6,468)	(8,366)
Loss on derivative instruments	331	75
Gain on sale of real estate investment, net	(6,630)	(7,523)
Impairment loss on real estate	27,911
Gain on sale of investment securities		(109)
Bad debt expense	405	870
Equity-based compensation	(1,825)	15,245
Income from unconsolidated joint venture	(2,724)	(1,939)
Changes in assets and liabilities:
Tenant and other receivables	(595)	952
Unbilled rent receivables	(9,929)	(13,683)
Prepaid expenses, other assets and deferred costs	(3,997)	349
Accrued unbilled ground rent	2,743	3,179
Accounts payable and accrued expenses	3,338	(102)
Deferred revenue	931	(706)
Net cash used in operating activities	(3,368)	37,725
Cash flows from investing activities:
Proceeds from sale of real estate investments and redemption of preferred equity investment	35,429	70,854
Acquisition funds released from escrow		4,748
Capital expenditures	(22,284)	(30,289)
Purchase of investment securities		(78)
Proceeds from sale of investment securities		4,602
Distributions from unconsolidated joint venture	27,509	12,070
Net cash provided by investing activities	40,654	61,907
Cash flows from financing activities:
Proceeds from mortgage notes payable	500,000	305,000
Payments on mortgage notes payable	(19,175)	(88,806)
Payments on credit facility	(485,000)	(150,000)
Payments for derivative instruments	(733)	(488)
Payment of financing costs	(18,992)	(10,771)
Dividends paid	(63,289)	(74,707)
Distributions to non-controlling interest holders	(1,929)	(3,184)
Redemption of restricted shares	(197)	(65)
Restricted cash	(1,039)	(519)
Net cash used in financing activities	(90,354)	(23,540)
Net decrease in cash and cash equivalents	(53,068)	76,092
Cash and cash equivalents, beginning of period	98,604	22,512
Cash and cash equivalents, end of period	45,536	98,604
Supplemental disclosures:
Cash paid for interest	28,153	21,660
Non-cash investing and financing activities:
Accrued capital expenditures	105	498
Reclassification of real estate and other assets held for sale		29,268
Reclassification of liabilities related to real estate and other assets held for sale		321
Dividends payable	12	27
Receivable for mortgage proceeds	260,000
OP Units [Member]
Non-cash investing and financing activities:
Redemption/Conversion of units for common stock	31,199	$ 974
LTIP Units [Member]
Non-cash investing and financing activities:
Redemption/Conversion of units for common stock	$ 9,713

Organization

Organization	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Note 1 – Organization New York REIT, Inc. (the “Company”) was incorporated on October 6, 2009 as a Maryland corporation that qualified as a real estate investment trust for U.S. federal income tax purposes (“REIT”) beginning with its taxable year ended December 31, 2010. On April 15, 2014, the Company listed its common stock on the New York Stock Exchange (“NYSE”) under the symbol “NYRT” (the “Listing”). The Company purchased its first property and commenced active operations in June 2010. As of December 31, 2017, the Company owned 14 properties, aggregating 1.7 million rentable square feet, with an average occupancy of 97.6%. The Company’s portfolio at December 31, 2017 primarily consisted of office and retail properties, representing 76% and 10%, respectively, of rentable square feet as of December 31, 2017. The Company also owns a hotel and one stand alone parking garage. Properties other than office and retail spaces represent 14% of rentable square feet. Substantially all of the Company’s business is conducted through its operating partnership, New York Recovery Operating Partnership, L.P., a Delaware limited partnership (the “OP”). The Company’s only significant asset is the general partnership interests it owns in the OP and assets held by the Company for the use and benefit of the OP. On August 22, 2016, the Company’s Board of Directors (the “Board”) approved a plan of liquidation to sell in an orderly manner all or substantially all of the assets of the Company and its OP and to liquidate and dissolve the Company and the OP (the “Liquidation Plan”), subject to stockholder approval. The Liquidation Plan was approved at a special meeting of stockholders on January 3, 2017. Pursuant to the Liquidation Plan, the Company expects to sell or transfer all of its assets, pay or provide for its liabilities and expenses, distribute the remaining proceeds of the liquidation of its assets to its stockholders, wind up its business and dissolve. The Company has no employees. Prior to March 8, 2017, the Company retained (i) New York Recovery Advisors, LLC (the “Former Advisor”) to manage its affairs on a day-to-day On March 8, 2017, the Company transferred all advisory duties from the Former Advisor to Winthrop REIT Advisors, LLC (the “Winthrop Advisor”) and property management services with respect to properties managed by ARG Property Manager were transferred to Winthrop Management, L.P. (the “Winthrop Property Manager”).

Liquidation Plan

Liquidation Plan	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Liquidation Plan	Note 2 – Liquidation Plan The Liquidation Plan, as amended by the Board of Directors in accordance with the terms of the Liquidation Plan, provides for an orderly sale of the Company’s assets, payment of the Company’s liabilities and other obligations and the winding down of operations and final dissolution of the Company. The Company is not permitted to make any new investments except to exercise its option (the “WWP Option”) to purchase additional equity interests in its WWP Holdings, LLC venture (“Worldwide Plaza”), and enter into the transaction relating to Worldwide Plaza pursuant to the Membership Interest Purchase Agreement with a purchaser, a joint venture between an affiliate of SL Green Realty Corp. and a private equity fund sponsored by RXR Realty LLC or to make protective acquisitions or advances with respect to its existing assets (see Note 7). The Company is permitted to satisfy any existing contractual obligations and fund required tenant improvements and capital expenditures at its real estate properties, including real estate properties owned by joint ventures in which the Company owns an interest. The Liquidation Plan enables the Company to sell any and all of its assets without further approval of the stockholders and provides that liquidating distributions be made to the stockholders as determined by the Board. Pursuant to applicable REIT rules, the Company must complete the disposition of its assets by January 3, 2019, two years after the date the Liquidation Plan was approved by the stockholders, in order to deduct liquidating distributions as dividends. To the extent that all of the Company’s assets are not sold by such date, the Company intends to satisfy the requirement by converting the Company to a limited liability company, which will require stockholder approval, or by transferring the remaining assets and liabilities to a liquidating trust. The dissolution process and the amount and timing of distributions to stockholders involves risks and uncertainties. Accordingly, it is not possible to predict the timing or aggregate amount which will be ultimately distributed to stockholders and no assurance can be given that the distributions will equal or exceed the estimate of net assets presented in the Consolidated Statement of Net Assets. The Company expects to continue to qualify as a REIT throughout the liquidation until such time as the Company is converted into a limited liability company or any remaining assets are transferred into a liquidating entity. The Board shall use commercially reasonable efforts to continue to cause the Company to maintain its REIT status, provided however, the Board may elect to terminate the Company’s status as a REIT if it determines that such termination would be in the best interest of the stockholders. The Board may terminate the Liquidation Plan without stockholder approval only (i) if the Board approves the Company to enter into an agreement involving the sale or other disposition of all or substantially all of the assets or common stock by merger, consolidation, share exchange, business combination, sale or other transaction involving the Company or (ii) if the Board determines, in exercise of its duties under Maryland law, after consultation with the Winthrop Advisor, if applicable, or other third party experts familiar with the market for Manhattan office properties, that an adverse change in the market for Manhattan office properties has occurred and reasonably would expect it to adversely affect continuing with the Liquidation Plan. Notwithstanding approval of the Liquidation Plan by the stockholders, the Board may amend the Liquidation Plan without further action by the stockholders to the extent permitted under the current law.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 3 – Summary of Significant Accounting Policies Basis of Presentation Pre Plan of Liquidation The accompanying consolidated financial statements of the Company were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). All intercompany accounts and transactions have been eliminated in consolidation. Post Plan of Liquidation Liquidation Basis of Accounting As a result of the approval of the Liquidation Plan by the stockholders, the Company adopted the liquidation basis of accounting as of January 1, 2017 and for the periods subsequent to December 31, 2016 in accordance with GAAP. Accordingly, on January 1, 2017, the carrying value of the Company’s assets were adjusted to their liquidation value, which represents the estimated amount of cash that the Company will collect on disposal of assets as it carries out its liquidation activities under the Liquidation Plan. The current estimate of net assets in liquidation has been calculated based on undiscounted cash flow projections that all the properties will be sold by June 30, 2018 except for the remaining interest in Worldwide Plaza. The Company projects that the remaining interest in Worldwide Plaza will be sold approximately during the fourth quarter of 2021. The actual timing of sales has not yet been determined and is subject to future events and uncertainties. These estimates are subject to change based on the actual timing of future asset sales. The liquidation value of the Company’s investments in real estate is based on expected sales proceeds presented on an undiscounted basis. Estimated costs to dispose of assets have been presented separately from the related assets. Liabilities are carried at their contractual amounts due as adjusted for the timing and other assumptions related to the liquidation process. The Company accrues costs and revenues that it expects to incur and earn as it carries out its liquidation activities through the end of the projected liquidation period to the extent it has a reasonable basis for estimation. Estimated costs expected to be incurred through the end of the liquidation period include budgeted property expenses and corporate overhead, costs to dispose of the properties, mortgage interest expense, costs associated with satisfying known and contingent liabilities and other costs associated with the winding down and dissolution of the Company. Revenues are based on in-place re-lease As a result of the change to the liquidation basis of accounting, the Company no longer presents a Consolidated Balance Sheet, a Consolidated Statement of Operations and Comprehensive Income (Loss), a Consolidated Statement of Changes in Equity or a Consolidated Statement of Cash Flows. These statements are only presented for prior year periods. Principles of Consolidation The consolidated financial statements include the accounts of the Company, its wholly owned subsidiaries and consolidated joint venture arrangements in which the Company has controlling financial interests, either through voting or similar rights or by means other than voting rights if the Company is the primary beneficiary of a variable interest entity (“VIE”). The portions of any consolidated joint venture arrangements not owned by the Company would be presented as noncontrolling interests. There were no consolidated joint venture arrangements at December 31, 2017 or 2016. All inter- company accounts and transactions have been eliminated in consolidation. The Company evaluates its relationships and investments to determine if it has variable interests in a VIE. A variable interest is an investment or other interest that will absorb portions of an entity’s expected losses or receive portions of the entity’s expected residual returns. If the Company determines that it has a variable interest in an entity, it evaluates whether such interest is in a VIE. A VIE is broadly defined as an entity where either (1) the equity investors as a group, if any, lack the power through voting or similar rights to direct the activities of an entity that most significantly impact the entity’s economic performance or (2) the equity investment at risk is insufficient to finance that entity’s activities without additional subordinated financial support. The Company consolidates any VIEs when it is determined to be the primary beneficiary of the VIE’s operations. A variable interest holder is considered to be the primary beneficiary of a VIE if it has the power to direct the activities of a VIE that most significantly impact the entity’s economic performance and has the obligation to absorb losses of, or the right to receive benefits from, the entity that could potentially be significant to the VIE. The Company continually evaluates the need to consolidate its joint ventures. In determining whether the Company has a controlling interest in a joint venture and the requirement to consolidate the accounts of that entity, management considers factors such as ownership interest, power to make decisions and contractual and substantive participating rights of the partners or members as well as whether the entity is a VIE for which the Company is the primary beneficiary. Use of Estimates Certain of the Company’s accounting estimates are particularly important for an understanding of the Company’s financial position and results of operations and require the application of significant judgment by management. As a result, these estimates are subject to a degree of uncertainty. Under liquidation accounting, the Company is required to estimate all costs and revenue it expects to incur and earn through the end of liquidation including the estimated amount of cash it expects to collect on the disposal of its assets and the estimated costs to dispose of its assets. All of the estimates and evaluations are susceptible to change and actual results could differ materially from the estimates and evaluations. Prior to the adoption of the Liquidation Plan, under going concern accounting, management made significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, impairment loss, fair value of investments in real estate, derivative financial instruments and hedging activities, equity-based compensation expenses related to the 2014 Advisor Multi-Year Outperformance Agreement (as amended to date, the “OPP”) and fair value measurements, as applicable. Investments in Real Estate Prior to the adoption of the Liquidation Plan, the Company evaluated the inputs, processes and outputs of each asset acquired to determine if the transaction was a business combination or an asset acquisition. If an acquisition qualified as a business combination, the related transaction costs were recorded as an expense in the consolidated statements of operations and comprehensive loss. If an acquisition qualified as an asset acquisition, the related transaction costs were generally capitalized and subsequently amortized over the useful life of the acquired assets. In business combinations, the Company allocated the purchase price of acquired properties to tangible and identifiable intangible assets or liabilities and non-controlling in-place The fair value of the tangible assets of an acquired property with an in-place “as-if-vacant” in-place lease-up in-place Fair values of assumed mortgages, if applicable, were recorded as debt premiums or discounts based on the present value of the estimated cash flows, which was calculated to account for either above- or below-market interest rates. Non-controlling The Company utilized a number of sources in making its estimates of fair values for purposes of allocating purchase price, including real estate valuations prepared by independent valuation firms. The Company also considered information and other factors including: market conditions, the industry in which the tenant operates, characteristics of the real estate such as location, size, demographics, value and comparative rental rates, tenant credit profile and the importance of the location of the real estate to the operations of the tenant’s business. Disposals of real estate investments that represented a strategic shift in operations that had a major effect on the Company’s operations and financial results were presented as discontinued operations in the consolidated statements of operations and comprehensive loss for all periods presented; otherwise, the Company continued to report the results of these properties operations within continuing operations. Properties that were intended to be sold were designated as “held for sale” on the consolidated balance sheets at the lesser of carrying amount or fair value less estimated selling costs when they met specific criteria to be presented as held for sale. Properties were no longer depreciated when they were classified as held for sale. The Company did not have any properties held for sale as of December 31, 2016. As of January 1, 2017, the investments in real estate were adjusted to their estimated net realizable value upon sale, or liquidation value, to reflect the change to the liquidation basis of accounting. The liquidation value represents the estimated amount of cash the Company expects to collect on the disposal of its assets as it carries out the liquidation activities of its Liquidation Plan. The liquidation value of the Company’s investments in real estate are presented on an undiscounted basis. Estimated revenue during the period following the commencement of liquidation through the expected sale date and costs to dispose of these assets are presented separately from the related assets. Subsequent to January 1, 2017, all changes in the estimated liquidation value of the investments in real estate are reflected as a change in the Company’s net assets in liquidation presented on an undiscounted basis. The liquidation value of investments in real estate is based on a number of factors including discounted cash flow and direct capitalization analyses, detailed analysis of current market comparables and broker opinions of value, and binding purchase offers to the extent available. Depreciation and Amortization Prior to the adoption of the Liquidation Plan, depreciation and amortization was computed using the straight-line method over the estimated useful lives of up to 40 years for buildings, 15 years for land improvements, five to seven years for fixtures and improvements and the shorter of the useful life or the remaining lease term for tenant improvements and leasehold interests. Under liquidation accounting, investments in real estate are no longer depreciated. Acquired above-market leases were amortized as a reduction of rental income over the remaining terms of the respective leases. Acquired below-market leases were amortized as an increase to rental income over the remaining terms of the respective leases and expected below-market renewal option periods. Acquired above-market ground leases were amortized as a reduction of property operating expense over the remaining term of the respective leases. Acquired below-market ground lease values were amortized as an increase to property operating expense over the remaining terms of the respective leases and expected below-market renewal option period. The value of in-place in-place Assumed mortgage premiums or discounts, if applicable, were amortized as a reduction or increase to interest expense over the remaining term of the respective mortgages. Under liquidation accounting, intangible assets and liabilities are included in the liquidation value of investments in real estate and are no longer amortized. Impairment of Long Lived Assets Prior to the adoption of the Liquidation Plan, when circumstances indicated the carrying value of a property may not be recoverable, the Company reviewed the asset for impairment. This review was based on an estimate of the future undiscounted cash flows, excluding interest charges, expected to result from the property’s use and eventual disposition. These estimates considered factors such as expected future operating income, market and other applicable trends and residual value, as well as the effects of leasing demand, competition and other factors. If such estimated cash flows were less than the carrying value of a property, an impairment loss was recorded to the extent that the carrying value exceeded the estimated fair value of the property for properties to be held and used. Generally, the Company determined estimated fair value for properties held for sale based on the agreed-upon selling price of an asset. These assessments resulted in the immediate recognition of an impairment loss, resulting in a reduction (addition) of net income (loss). The Company recognized impairment charges of $27.9 million and $0.9 million during the years ended December 31, 2016 and 2015, respectively. Cash and Cash Equivalents Cash and cash equivalents include cash in bank accounts as well as investments in highly-liquid money market funds with original maturities of three months or less. As of December 31, 2017, $211.8 million was held in money market funds with the Company’s financial institutions. The Company had no funds held in money market funds as of December 31, 2016. The Company deposits cash with high-quality financial institutions. These deposits are guaranteed by the Federal Deposit Insurance Company (the “FDIC”) up to an insurance limit. The Company’s cash balances fluctuate throughout the year and may exceed insured limits from time to time. Although the Company bears risk to amounts in excess of those insured by the FDIC, it does not anticipate any losses as a result. Restricted Cash Restricted cash primarily consists of the $90.7 million capital improvement reserve for Worldwide Plaza, with the balance representing maintenance, real estate tax, structural and debt service reserves. Investment in Unconsolidated Joint Venture The Company accounts for its investment in unconsolidated joint venture under the equity method of accounting because the Company exercises significant influence over, but does not control the entity and is not considered to be the primary beneficiary. Prior to the adoption of the Liquidation Plan, this investment was recorded initially at cost and subsequently adjusted for equity in net income (loss) and cash contributions and distributions. Any difference between the carrying amount of this investment and the underlying equity in net assets was depreciated and amortized over the estimated useful lives of the assets and liabilities with a corresponding adjustment to the equity income (loss) from unconsolidated joint venture on the accompanying consolidated statements of operations and comprehensive loss. Equity income (loss) from unconsolidated joint venture was allocated based on the Company’s ownership or economic interest in the joint venture. Prior to the adoption of the Liquidation Plan, losses in the value of a joint venture investment that were determined to be other than temporary, were recognized in the period in which the losses occurred. Subsequent to the adoption of the Liquidation Plan, the investment in unconsolidated joint venture is recorded at its net realizable value. The Company evaluates the net realizable value of its unconsolidated joint venture at each reporting period. Any changes in net realizable value will be reflected as a change in the Company’s net assets in liquidation. The liquidation value of the Company’s remaining investment in Worldwide Plaza as of December 31, 2017 is based on the value of the property as a result of the Company’s recent sale of its 48.7% interest in Worldwide Plaza (see Note 7). Impairment of Equity Method Investments Prior to the adoption of the Liquidation Plan, the Company monitored the value of its equity method investments for indicators of impairment. An impairment charge was recognized when the Company determined that a decline in the fair value of the investment below its carrying value was other-than-temporary. The assessment of impairment was subjective and involved the application of significant assumptions and judgments about the Company’s intent and ability to recover its investment given the nature and operations of the underlying investment. The Company was not required to recognize any impairment charges related to equity method investments during the years ended December 31, 2016 or 2015. Subsequent to the adoption of liquidation accounting, equity investments are recorded at their net realizable value. The Company evaluates the net realizable value of its equity investments at each reporting period. Any changes in net realizable value will be reflected as a change to the Company’s net assets in liquidation. Deferred Costs, Net Prior to the adoption of the Liquidation Plan, deferred costs, net, consisted of deferred financing costs related to a credit facility and leasing costs. Deferred financing costs, net, is related to costs incurred in obtaining mortgage notes payable and were presented as an offset against the carrying amount of the related mortgage notes payable. Deferred financing costs represent commitment fees, legal fees, and other costs associated with obtaining commitments for financing. These costs were amortized to interest expense over the terms of the respective financing agreements using the effective interest method. Unamortized deferred financing costs were expensed when the associated debt was refinanced or repaid before maturity. Costs incurred in seeking financial transactions that did not close were expensed in the period in which it was determined that the financing would not close. As deferred financing costs will not be converted to cash or other consideration, these have been valued at $0 as of January 1, 2017. Prior to the adoption of the Liquidation Plan, deferred leasing costs, consisting primarily of lease commissions and professional fees incurred, were deferred and amortized to depreciation and amortization expense over the term of the related lease. Under liquidation accounting, any residual value attributable to lease intangibles is included in the net realizable value of the corresponding investment in real estate. As such, lease intangibles are no longer separately stated on the Consolidated Statement of Net Assets. Derivative Instruments The Company periodically uses derivative financial instruments to hedge the interest rate risk associated with a portion of its borrowings. 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. Prior to the adoption of the Liquidation Plan, the Company recorded all derivatives on the consolidated balance sheet at fair value. The accounting for changes in the fair value of derivatives depended on the intended use of the derivative, whether the Company elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship 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, were 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, were considered cash flow hedges. 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 is 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 if the Company does not elect to apply hedge accounting. If the Company designated a qualifying derivative as a hedge, changes in the value of the derivative were reflected in accumulated other comprehensive income (loss) on the accompanying consolidated balance sheet. If a derivative did not qualify as a hedge, or if the Company did not elect to apply hedge accounting, changes in the value of the derivative were reflected in other income (loss) on the accompanying consolidated statements of operations and comprehensive loss. As these instruments will not be converted into cash or other consideration, derivative financial instruments have been valued at $0 as of January 1, 2017 in accordance with liquidation accounting. As of December 31, 2017, the Company is not party to any derivative financial instruments. Revenue Recognition Prior to the adoption of the Liquidation Plan, the Company’s revenues, which were derived primarily from rental income, included 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. Because many of the Company’s leases provide for rental increases at specified intervals under going concern accounting, GAAP requires that the Company record a receivable, and include in revenues on a straight-line basis, unbilled rent receivables that it will only receive if the tenant makes all rent payments required through the expiration of the initial term of the lease. The Company deferred the revenue related to lease payments received from tenants in advance of their due dates. When the Company acquired a property, the acquisition date was considered to be the commencement date for purposes of this calculation. Rental revenue recognition commenced when the tenant took possession of or controlled the physical use of the leased space. For the tenant to take possession, the leased space must be substantially ready for its intended use. To determine whether the leased space was substantially ready for its intended use, the Company evaluated whether the Company owned or if the tenant owned the tenant improvements. When the Company was the owner of tenant improvements, rental revenue recognition began when the tenant took possession of the finished space, which was on the date on which such improvements were substantially complete. When the tenant was the owner of tenant improvements, rental revenue recognition began when the tenant took possession of or control of the space. When the Company concluded that it was the owner of tenant improvements, the Company capitalized the cost to construct the tenant improvements, including costs paid for or reimbursed by the tenants. When the Company concluded that the tenant was the owner of tenant improvements for accounting purposes, the Company recorded its contribution towards those improvements as a lease incentive, which was included in deferred leasing costs, net on the consolidated balance sheet and amortized as a reduction to rental income on a straight-line basis over the term of the lease. The Company continually reviewed receivables related to rent and unbilled rent receivables and determined 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. In the event that the collectability of a receivable was in doubt, the Company recorded an increase in its allowance for uncollectible accounts or recorded a direct write-off 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 to the aforementioned leases, the Company deferred the recognition of contingent rental income until the specified target that triggered the contingent rental income was achieved, or until such sales upon which percentage rent is based are known. If contingent rental income was recognized pursuant to these provisions, contingent rental income was included in rental income on the consolidated statements of operations and comprehensive loss. The Company recognized contingent rental revenue of $0.8 million and $0.6 million during the years ended December 31, 2016 and 2015, respectively. Cost recoveries from tenants were included in operating expense reimbursement in the period the related costs were incurred, as applicable. The Company’s hotel revenues were recognized as earned and were derived from room rentals and other sources such as charges to guests for telephone service, movie and vending commissions, meeting and banquet room revenue and laundry services. Under liquidation accounting, the Company has accrued all revenue that it expects to earn through the end of liquidation to the extent it has a reasonable basis for estimation. Revenues are accrued based on contractual amounts due under the leases in place over the estimated holding period of each asset. To the extent that the estimated holding period for a particular asset is revised and exceeds management’s original planned liquidation period, the Company limited its estimate of future revenue as of the current reporting date to include only the period originally projected due to the inability to reliably estimate such future revenue beyond the originally projected liquidation period. These amounts are classified in liability for estimated costs in excess of estimated receipts during liquidation on the Consolidated Statement of Net Assets. In accordance with liquidation accounting, as of January 1, 2017, tenant and other receivables were adjusted to their net realizable values. Management continually reviews tenant and other receivables to determine collectability. Any changes in the collectability of the receivables is reflected in the net realizable value of the receivable. 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. Contingent rental income is not contemplated under liquidation accounting unless there is a reasonable basis to estimate future receipts. Share-Based Compensation The Company has a stock-based incentive award plan for its directors, which, under going concern accounting, was accounted for under the guidance for employee share based payments. The cost of services received in exchange for a stock award was measured at the grant date fair value of the award and the expense for such awards was included in general and administrative expenses and was recognized over the service period or when the requirements for exercise of the award have been met. During the year ended December 31, 2015, the Company granted restricted shares to employees of the Former Advisor, which, under going concern accounting, were accounted for under the guidance for non-employee Under liquidation accounting, compensation expense is no longer recorded as the vesting of the restricted shares does not result in cash outflows for the Company. 2014 Advisor Multi-Year Outperformance Agreement On April 15, 2014 (the “Effective Date”), in connection with the Listing, the Company entered into the OPP with the OP and the Former Advisor, which, under going concern accounting, was accounted for under the guidance for non-employee Income Taxes The Company elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code commencing with its taxable year ended December 31, 2010. If the Company continues to qualify for taxation as a REIT, it generally will not be subject to federal corporate income tax to the extent it distributes annually all of its REIT taxable income to its stockholders, determined without regard for the deduction for dividends paid and excluding net capital gains. REITs are subject to a number of organizational and operational requirements, including a requirement that the Company distribute annually at least 90% of the Company’s REIT taxable income to the Company’s stockholders. If the Company fails to continue to qualify as a REIT in any taxable year and does not qualify for certain statutory relief provisions, the Company will be subject to U.S. federal and state income taxes at regular corporate rates (including any applicable alternative minimum tax) beginning with the year in which it fails to qualify and may be precluded from being able to elect to be treated as a REIT for the Company’s four subsequent taxable years. The Company distributed to its stockholders 100% of its REIT taxable income for each of the years ended December 31, 2017, 2016 and 2015. Accordingly, no provision for federal or state income taxes related to such REIT taxable income was recorded on the Company’s financial statements. Even if the Company qualifies for taxation as a REIT, it may be subject to certain state and local taxes on its income and property, and federal income and excise taxes on its undistributed income. During the year ended December 31, 2013, the Company purchased a hotel, which is owned by a subsidiary of the OP and leased to a taxable REIT subsidiary (“TRS”), that is owned by the OP. A TRS is subject to federal, state and local income taxes. The TRS is a tax paying component for purposes of classifying deferred tax assets and liabilities. The Company records net deferred tax assets to the extent the Company believes these assets will more likely than not be realized. In making such determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies and recent financial operations. In the event the Company determines that it would not be able to realize the deferred income tax assets in the future in excess of the net recorded amount, the Company establishes a valuation allowance which offsets the previously recognized income tax benefit. Deferred income taxes result from temporary differences between the carrying amounts of assets and liabilities of the TRS for financial reporting purposes and the amounts used for income tax purposes. The TRS had deferred tax assets and a corresponding valuation allowance of $5.1 million and $3.1 million as of December 31, 2016 and 2015, respectively. The TRS had federal and state net operating loss carry forwards as of December 31, 2016 of $10.8 million, which will expire through 2036. The Company estimated income tax relating to its TRS using a combined federal and state rate of approximately 45% for the year ended December 31, 2017. The Company has concluded that it is more likely than not that the net operating loss carry forwards will not be utilized during the carry forward period and as such the Company has established a valuation allowance against these deferred tax assets. The Company had immaterial current and deferred federal and state income tax expense for the years ended December 31, 2017, 2016 and 2015. As of December 31, 2017, the Company had no material uncertain income tax positions. The tax years subsequent to and including the year ended December 31, 2014 remain open to examination by the major taxing jurisdictions to which the Company is subject. Per Share Data Prior to the adoption of the Liquidation Plan, the Company calculated basic loss per share of common stock by dividing net loss for the period by the weighted-average shares of its common stock outstanding for the respective period. Diluted loss per share took into account the effect of dilutive instruments such as unvested restricted stock, limited partnership interests of the OP entitled “OP units” (“OP units”) or limited partnership units of the OP entitled “LTIP units” (“LTIP units”) (assuming such units were not antidilutive), based on the average share price for the period in determining the number of incremental shares that were added to the weighted-average number of shares outstanding. See Note 20 – Earnings. Reportable Segments The Company has determined that it has one reportable segment, with activities related to investing in real estate. The Company’s investments in real estate generate rental revenue and other income through the leasing and management of properties. Management eval

Liability for Estimated Costs i

Liability for Estimated Costs in Excess of Estimated Receipts During Liquidation	12 Months Ended
	Dec. 31, 2017
Text Block [Abstract]
Liability for Estimated Costs in Excess of Estimated Receipts During Liquidation	Note 4 – Liability for Estimated Costs in Excess of Estimated Receipts During Liquidation The liquidation basis of accounting requires the Company to estimate net cash flows from operations and to accrue all costs associated with implementing and completing the plan of liquidation. The Company currently estimates that it will have costs in excess of estimated receipts during the liquidation. These amounts can vary significantly due to, among other things, the timing and estimates for executing and renewing leases, estimates of tenant improvement costs, the timing of property sales, direct costs incurred to complete the sales, the timing and amounts associated with discharging known and contingent liabilities and the costs associated with the winding down of operations. These costs are estimated and are anticipated to be paid out over the liquidation period. Upon transition to the liquidation basis of accounting on January 1, 2017, the Company accrued the following revenues and expenses expected to be earned or incurred during liquidation (in thousands): Amount Rents and reimbursements $ 102,309 Hotel revenues 25,261 Property operating expenses (27,006 ) Hotel operating expense (21,467 ) Interest expense (39,756 ) General and administrative expenses (40,124 ) Capital expenditures (8,274 ) Sales costs (69,524 ) Liability for estimated costs in excess of estimated receipts during liquidation $ (78,581 ) The change in the liability for estimated costs in excess of estimated receipts during liquidation as of December 31, 2017 is as follows (in thousands): January 1, 2017 Net Change Remeasurement Consolidation Deconsolidation December 31, 2017 Assets: Estimated net inflows from investments in real estate $ 58,303 $ 18,315 $ (72,190 ) $ (1,572 ) $ 1,064 $ 3,920 Liabilities: Sales costs (69,524 ) 46,752 4,052 (57,334 ) 57,495 (18,559 ) Corporate expenditures (67,360 ) 64,638 (9,867 ) — — (12,589 ) (136,884 ) 111,390 (5,815 ) (57,334 ) 57,495 (31,148 ) Total liability for estimated costs in excess of estimated receipts during liquidation $ (78,581 ) $ 129,705 $ (78,005 ) $ (58,906 ) $ 58,559 $ (27,228 ) (1) Represents changes in cash, restricted cash, accounts receivable, accounts payable and accrued expenses as a result of the Company’s operating activities for the year ended December 31, 2017. (2) Represents adjustments necessary to reflect the consolidation of Worldwide Plaza following the Company’s acquisition of an additional 49.9% equity interest on June 1, 2017. (See Note 7). (3) Represents adjustments necessary to reflect the deconsolidation of Worldwide Plaza following the Company’s sale of 48.7% of its equity interest on October 18, 2017. (See Note 7).

Net Assets in Liquidation

Net Assets in Liquidation	12 Months Ended
	Dec. 31, 2017
Text Block [Abstract]
Net Assets in Liquidation	Note 5 – Net Assets in Liquidation The following is a reconciliation of Total Equity under the going concern basis of accounting as of December 31, 2016 to net assets in liquidation presented on an undiscounted basis under the liquidation basis of accounting as of January 1, 2017 (in thousands): Total Equity as of December 31, 2016 $ 941,669 Increase due to estimated net realizable value of investments in real estate 382,985 Increase due to estimated net realizable value of investments in unconsolidated joint venture 319,548 Decrease due to write off of unbilled rent receivables (52,620 ) Increase due to write off of market lease intangibles 65,187 Decrease due to write-off (25,262 ) Liability for estimated costs in excess of estimated receipts during liquidation (78,581 ) Adjustment to reflect the change to the liquidation basis of accounting 611,257 Estimated value of net assets in liquidation as of January 1, 2017 $ 1,552,926 A summary of the change in net asset value for the year ended December 31, 2017 is as follows: Liquidating distribution to common stockholders $ (515,541 ) Difference between estimated liquidation value and actual sales price (109,538 ) Revised estimated liquidation value (34,715 ) Revised estimated costs, including defeasance costs (52,217 ) Adjustments for closing costs, debt costs and holding periods (7,802 ) Change in net asset value $ (719,813 ) The net assets in liquidation at December 31, 2017, presented on an undiscounted basis include the Company’s proportionate share in Worldwide Plaza’s net assets which include a property value at $1.725 billion based on the Company’s recent sale of its 48.7% interest in Worldwide Plaza discussed in Note 7. Future increases in value, if any, from the agreed additional capital investment will be reflected in the statement of net assets when such capital investments are made and such increases in market value can be observed. There were 167,928,770 shares of common stock outstanding at December 31, 2017. The net assets in liquidation as of December 31, 2017, if sold at their net asset value, would result in liquidating distributions of approximately $4.96 per common share. Of this amount, $2.00 per common share was distributed to stockholders on January 26, 2018 reducing the estimate of future liquidating distributions to $2.96 per common share. The net assets in liquidation as of December 31, 2017 of $833.1 million, if sold at their net asset value, plus the cumulative liquidating distribution to common stockholders of $515.5 million ($3.07 per common share) prior to December 31, 2017 would result in cumulative liquidating distributions to common stockholders of $8.03 per share. There is inherent uncertainty with these projections, and they could change materially based on the timing of the sales, the performance of the underlying assets and any changes in the underlying assumptions of the projected cash flows.

Real Estate Investments

Real Estate Investments	12 Months Ended
	Dec. 31, 2017
Real Estate [Abstract]
Real Estate Investments	Note 6 – Real Estate Investments 2017 Activity 50 Varick – property sale – pro-rations 245-249 th Street and 218 West 18 th Street property sale – 245-249 th th pro-rations 229 West 36 th Street and 256 West 38 th Street – property sale – th th th th pro-rations 1440 Broadway property sale – pro-rations 333 West 34 th Street property sale – th pro-rations 350 West 42nd Street property sale – pro-rations One Jackson Square – property sale – pro-rations 306 East 61st Street property sale – st pro-rations 2091 Coney Island property sale – 416 Washington Street contract for sale – 2067 – 2073 Coney Island Avenue – contract for sale – 350 Bleecker Street and 367-387 – contract for sale – 367-387 Worldwide Plaza Transactions – 2016 Activity During the year ended December 31, 2016, the Company sold its properties located at 163-30 Disposition Contract Sales Gain on Sale [1] [2] Property Borough (in thousands) Duane Reade [3] Queens February 2, 2016 $ 12,600 $ 126 1623 Kings Highway Brooklyn February 17, 2016 17,000 4,293 Foot Locker Brooklyn March 30, 2016 8,400 2,211 $ 38,000 $ 6,630 (1) Reflected within gain on sale of real estate investments, net in the consolidated statements of operations and comprehensive loss for the year ended December 31, 2016. (2) During the year ended December 31, 2016, the Company repaid three mortgage notes payable totaling $18.9 million with the proceeds from the sales of Duane Reade, 1623 Kings Highway and Foot Locker. (3) Impairment charge of $0.9 million was recognized during the year ended December 31, 2015 in connection with the classification of Duane Reade as held for sale. The sale of Duane Reade, 1623 Kings Highway and Foot Locker did not represent a strategic shift that had a major effect on the Company’s operations and financial results. Accordingly, the results of operations of Duane Reade, 1623 Kings Highway and Foot Locker have been classified within continuing operations for all periods presented until the respective dates of their sale. Future Minimum Rent The following table presents future minimum base cash rental payments due to the Company, excluding future minimum base cash rental payments related to the Company’s unconsolidated joint venture, subsequent to December 31, 2017. These amounts exclude contingent rental payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes among other items. (In thousands) Future Minimum 2018 $ 27,965 2019 27,053 2020 27,243 2021 22,948 2022 20,768 Thereafter 72,933 Total $ 198,910 Based on the Company’s anticipated holding period for each property, the Company has accrued approximately $63.4 million of contractual base cash rental payments, excluding reimbursements. The following table lists the tenants whose annualized cash rent represented greater than 10% of total annualized cash rent as of December 31, 2017, 2016 and 2015, including annualized cash rent related to the Company’s unconsolidated joint venture: December 31, Property Portfolio Tenant 2017 2016 2015 Worldwide Plaza [1] Cravath, Swaine & Moore, LLP 17 % 16 % 16 % Worldwide Plaza [1] Nomura Holdings America, Inc. 11 % 11 % 11 % [1] For 2017, annualized cash rent reflects the Company’s 50.1% pro rata share of rent generated by Worldwide Plaza. For 2016 and 2015, annualized cash rent reflects the Company’s 48.9% of rent generated by Worldwide Plaza. The termination, delinquency or non-renewal Intangible Assets and Liabilities Under the liquidation basis of accounting, intangible assets and liabilities are considered in the liquidation value of investments in real estate and are no longer amortized. Acquired intangible assets and liabilities consisted of the following as of December 31, 2016. December 31, 2016 (In thousands) Gross Accumulated Net Intangible assets: In-place $ 108,253 $ 36,645 $ 71,608 Other intangibles 3,804 750 3,054 Above-market leases 20,291 5,036 15,255 Total acquired intangible assets $ 132,348 $ 42,431 $ 89,917 Intangible lease liabilities: Below-market leases $ 75,484 $ 26,864 $ 48,620 Above-market ground lease liability 17,968 1,401 16,567 Total market lease intangibles $ 93,452 $ 28,265 $ 65,187 The following table discloses amounts recognized within the consolidated statements of operations and comprehensive loss related to amortization of in-place December 31, (In thousands) 2016 2015 Amortization of in-place $ 10,986 $ 19,757 Amortization and (accretion) of above- and below-market leases, net [2] $ (6,018 ) $ (7,917 ) Amortization of above-market ground lease [3] $ (449 ) $ (449 ) (1) Reflected within depreciation and amortization expense. (2) Reflected within rental income. (3) Reflected within hotel expenses. Non-Recurring As a result of the Company’s board of director’s adoption in August 2016 of the Liquidation Plan, which was approved by the Company’s stockholders on January 3, 2017, the Company reconsidered its intended holding period for all of its operating properties and evaluated the impact on its ability to recover the carrying value of such properties based on the expected cash flows over its intended holding period. The Company’s estimated future cash flows expected to be generated were based on management’s experience in its real estate market and the effects of current market conditions. The assumptions were subject to economic and market uncertainties including, among others, market capitalization rates, discount rates, demand for space, competition for tenants, changes in market rental rates, and costs to operate the property. As these factors are difficult to predict and are subject to future events that may alter management’s assumptions, the future cash flows estimated by management in its impairment analysis may not be achieved, and actual losses or impairment may be realized in the future. During 2016, as a result of its consideration of impairment, the Company determined that the carrying value of the Viceroy Hotel exceeded its estimated fair value and recognized an impairment charge of $27.9 million for the year ended December 31, 2016, which is presented as impairment loss on real estate investment in the consolidated statements of operations and comprehensive loss. As discussed above, during the year ended December 31, 2015, the Company recognized $0.9 million of impairment charges in connection with the classification of Duane Reade as held for sale.

Investment in Unconsolidated Jo

Investment in Unconsolidated Joint Venture	12 Months Ended
	Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
Investment in Unconsolidated Joint Venture	Note 7 – Investment in Unconsolidated Joint Venture On October 30, 2013, the Company purchased a 48.9% equity interest in Worldwide Plaza for a contract purchase price of $220.1 million, based on the property value at that time for Worldwide Plaza of $1.3 billion less $875.0 million of debt on the property. On June 1, 2017, the Company acquired an additional 49.9% equity interest on exercise of the WWP Option pursuant to the Company’s rights under the joint venture agreement of Worldwide Plaza for a contract purchase price of $276.7 million, based on the option price of approximately $1.4 billion less $875.0 million of debt on the property. The Company’s joint venture partner exercised its right to retain 1.2% of the aggregate membership interests in Worldwide Plaza. Following the exercise of the option, the Company owned a total equity interest of 98.8% in Worldwide Plaza. As a result, the Company consolidated Worldwide Plaza as of June 1, 2017. On October 18, 2017, the Company sold a 48.7% interest in Worldwide Plaza to a joint venture managed by SL Green Realty Corp. and RXR Realty LLC based on an estimated underlying property value of $1.725 billion. In conjunction with the equity sale, there was a concurrent $1.2 billion refinancing of the existing Worldwide Plaza debt. The Company received cash at closing of approximately $446.5 million from the sale and excess proceeds from the financing, net of closing costs which included $108.3 million of defeasance and prepayment costs. The new debt on Worldwide Plaza bears interest at a blended rate of approximately 3.98% per annum, requires monthly payments of interest only and matures in November 2027. The Company has set aside $90.7 million of the proceeds in a separate account to fund future capital improvements to Worldwide Plaza. Following the sale of its interest, the Company now holds a 50.1% interest in Worldwide Plaza. The Company has determined that this investment is an investment in a VIE. The Company has determined that it is not the primary beneficiary of this VIE since the Company does not have the power to direct the activities that most significantly impact the VIE’s economic performance. The Company accounts for this investment using the equity method of accounting. At acquisition, the Company’s investment in Worldwide Plaza exceeded the Company’s share of the book value of the net assets of Worldwide Plaza by $260.6 million. This basis difference resulted from the excess of the Company’s purchase price for its equity interest in Worldwide Plaza over the book value of Worldwide Plaza’s net assets. Substantially all of this basis difference was allocated to the fair values of Worldwide Plaza’s assets and liabilities. Prior to the adoption of the Liquidation Plan, the Company amortized the basis difference over the anticipated useful lives of the underlying tangible and intangible assets acquired and liabilities assumed. As of December 31, 2016, the unamortized basis difference was $221.2 million. As of December 31, 2016, the carrying value of the Company’s investment in Worldwide Plaza was $190.6 million. The lease with one of the tenants at the Worldwide Plaza property contains a right of first offer in the event that Worldwide Plaza sells 100% of the property. The right requires Worldwide Plaza to offer the tenant the option to purchase 100% of the Worldwide Plaza property, at the price, and on other material terms, proposed by Worldwide Plaza to third parties. If, after a 45-day re-offer The amounts reflected in the following tables (except for the Company’s share of equity and income) are based on the financial information of Worldwide Plaza. Under the going concern basis, the Company did not record losses of the joint venture in excess of its investment balance because the Company was not liable for the obligations of the joint venture or was otherwise committed to provide financial support to the joint venture. Under liquidation accounting, equity investments are carried at net realizable value. The condensed balance sheets as of December 31, 2017 and 2016 for Worldwide Plaza are as follows: December 31, (In thousands) 2017 2016 Real estate assets, at cost $ 745,040 $ 744,737 Less accumulated depreciation and amortization (162,283 ) (141,395 ) Total real estate assets, net 582,757 603,342 Cash and cash equivalents 15,964 2,339 Other assets 218,461 231,734 Total assets $ 817,182 $ 837,415 Debt $ 1,213,193 $ 893,433 Other liabilities 126,142 116,281 Total liabilities 1,339,335 1,009,714 Deficit (522,153 ) (172,299 ) Total liabilities and deficit $ 817,182 $ 837,415 The condensed statements of operations for the years ended December 2017, 2016 and 2015 for Worldwide Plaza are as follows: December 31, (In thousands) 2017 2016 2015 Rental income $ 137,181 $ 135,571 $ 132,483 Operating expenses: Operating expenses 57,374 53,007 52,401 Depreciation and amortization 27,935 28,223 27,488 Total operating expenses 85,309 81,230 79,889 Operating income 51,872 54,341 52,594 Interest expense (70,269 ) (61,669 ) (60,212 ) Prepayment and defeasance of mortgage (108,090 ) — — Net loss allocated to non-controlling (22,126 ) (20,695 ) (20,348 ) Net income (loss) $ (104,361 ) $ 13,367 $ 12,730 Net income (loss) related to Worldwide Plaza includes the Company’s preferred return, the Company’s pro rata share of Worldwide Plaza net income (loss) to members and amortization of the basis difference. The following table presents the components of the income (loss) related to the Company’s investment in Worldwide Plaza for the periods presented, which is included in income (loss) from unconsolidated joint venture on the consolidated statements of operations and comprehensive loss. December 31, (In thousands) 2016 2015 Company’s preferred return $ 15,948 $ 15,736 Company’s share of net loss from Worldwide Plaza (1,262 ) (1,470 ) Amortization of basis difference (11,962 ) (12,327 ) Company’s income (loss) from Worldwide Plaza $ 2,724 $ 1,939

Mortgage Notes Payable

Mortgage Notes Payable	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Mortgage Notes Payable	Note 8 – Mortgage Notes Payable Mortgage notes payable are carried at their contractual amounts due under liquidation accounting. The Company had outstanding mortgage notes payable of $215.5 million at December 31, 2017 and $1.13 billion at December 31, 2016. The mortgage notes payable are collateralized, directly or, in the case of the mezzanine note, indirectly, by the real estate held by the Company identified in the table below. The Company’s mortgage notes payable as of December 31, 2017 and 2016 consist of the following (in thousands): Outstanding Loan Amount Effective Portfolio Encumbered December 31, December 31, Interest Rate Maturity Mortgage Loan (1) 8 $ 176,246 $ 500,000 5.1% Libor + 3.5% Sep 2018 1100 Kings Highway 1 20,200 20,200 4.0% Libor + 2.4% Apr 2018 Design Center 1 19,048 19,380 7.0% Variable (3) Dec 2021 Mezzanine Loan (2) — — 260,000 N/A N/A N/A 256 West 38th Street (5) — — 24,500 N/A N/A N/A 1440 Broadway (5) — — 305,000 N/A N/A N/A Mortgage notes payable, gross principal amount $ 215,494 1,129,080 Less: deferred financing costs, net (21,554 ) Mortgage notes payable, net of deferred financing costs $ 1,107,526 5.1%(4) (1) At December 31, 2017 encumbered properties are 333 W 34th Street, 122 Greenwich Street, 350 W 42nd Street, 382-384 416-425 (2) Loan was paid off on December 21, 2017, its contractual maturity date. (3) The variable interest rate reset in December 2017 and will remain fixed at this rate until December 2018. (4) Calculated on a weighted average basis for all mortgages outstanding as of December 31, 2017. (5) Loan was paid off in connection with the sale of properties. On August 1, 2017, the Company’s mortgage loan collateralized by the 1100 Kings Highway property was modified to extend the maturity date to April 1, 2018 and to allow for partial release of the collateral. The loan also requires a cash sweep starting January 1, 2018 unless the property is under contract for sale for an amount equal to or greater than 133% of the outstanding mortgage loan payable. As the property is under contract for sale for an amount that exceeds the threshold, the lender has not initiated the cash sweep. On December 20, 2016, the Company, through indirect wholly owned subsidiaries of the OP, entered into a mortgage loan (the “Mortgage Loan”) in the aggregate amount of $500.0 million and a mezzanine loan in the aggregate amount of $260.0 million (the “Mezzanine Loan” and, together with the Mortgage Loan, the “POL Loans”). The POL Loans were initially secured directly, in the case of the Mortgage Loan, and indirectly in the case of the Mezzanine Loan, by our properties located in New York, New York at 245-249 216-218 382-384 416-425 At the closing of the POL Loans, a portion of the net proceeds after closing costs was used to repay the $485.0 million principal amount then outstanding under the Company’s credit facility. As of December 31, 2016, the $260.0 million proceeds from the Mezzanine Loan were held in an escrow account by the servicer of the POL Loans and were recorded as a receivable in the Company’s consolidated balance sheet. Subsequently, on January 9, 2017, the $260.0 million proceeds were deposited into an operating account for the purpose of purchasing the additional equity interests in Worldwide Plaza (see Note 7). Prior to the repayment in full of the credit facility, all of the POL Loan Properties were included as part of the borrowing base under the credit facility then outstanding. The Mortgage Loan required monthly interest payments at an initial weighted average interest rate of LIBOR plus 2.38% and the Mezzanine Loan required monthly interest payments at an initial weighted average interest rate of LIBOR plus 5.65%. The LIBOR portions of the interest rates due under the POL Loans were capped at 3.0% pursuant to interest rate cap agreements. On December 20, 2017, the Mortgage Loan was extended through September 30, 2018 and the Mezzanine Loan balance of $91.6 million was repaid. The Company paid an extension fee of $0.4 million. The Mortgage Loan requires monthly interest payments at a weighted average interest rate of LIBOR plus 3.50%. The POL Loans are recourse to the Company and may be accelerated only in the event of a default. The POL Loans may be prepaid, in whole or in part, without payment of any prepayment premium or spread maintenance premium or any other fee or penalty. In connection with a sale or disposition of an individual POL Loan Property to a third party, such POL Loan Property may be released from the collateral securing the Mortgage Loan, subject to certain conditions, by prepayment of a release price (the “Release Amount”) as defined in the Mortgage Loan agreements. In certain instances, 110% of the Release Amount was required to be paid in order to release the property. Concurrently with the payment of the Release Amount, the borrower entity under the Mezzanine Loan was obligated to prepay a corresponding portion of the Mezzanine Loan, in accordance with the terms of the Mezzanine Loan, for which it received a release of a corresponding portion of the collateral under the Mezzanine Loan. Upon the sale of 50 Varick on August 7, 2017, the POL Loan was paid down $78.1 million and the property was released as security. Additionally, upon the sale of 245-249 th th th th nd Concurrently with the POL Loans, the Company entered into guaranty agreements with respect to the POL Loans that require the Company to maintain, (i) on a consolidated basis, a minimum net worth of $300.0 million, which minimum net worth will be reduced pro rata with any prepayment of the POL Loans once the outstanding principal amount of the POL Loans is less than $300.0 million, but in no event will the minimum net worth be reduced below $150.0 million, and (ii) liquid assets having a market value of at least $25.0 million, which minimum market value of liquid assets may be reduced to $15.0 million in the event the outstanding amount under the POL Loans is equal to or less than $100.0 million. As of December 31, 2017, the minimum net worth requirement was $176.2 million, and the minimum liquidity requirement was $25.0 million. The Company met both requirements as of December 31, 2017. Some of the Company’s mortgage note agreements require compliance with certain property-level financial covenants including debt service coverage ratios. As of December 31, 2017, the Company was in compliance with the financial covenants under its mortgage note agreements. The following table summarizes the scheduled aggregate principal repayments subsequent to December 31, 2017: In thousands Future 2018 $ 196,800 2019 376 2020 401 2021 17,917 Total $ 215,494

Subordinated Listing Distributi

Subordinated Listing Distribution	12 Months Ended
	Dec. 31, 2017
Text Block [Abstract]
Subordinated Listing Distribution	Note 9 – Subordinated Listing Distribution Upon occurrence of the Listing, New York Recovery Special Limited Partnership, LLC (the “SLP”) became entitled to begin receiving distributions of net sale proceeds pursuant to its special limited partner interest in the OP (the “SLP Interest”) in an aggregate amount that was evidenced by the issuance of a note by the OP (the “Listing Note”). The Listing Note was equal to 15.0% of the amount, if any, by which (a) the average market value of the Company’s outstanding common stock for the period 180 days to 210 days after the Listing, plus dividends paid by the Company prior to the Listing, exceeded (b) the sum of the total amount of capital raised from stockholders during the Company’s initial public offering (“IPO”) and the amount of cash flow necessary to generate a 6.0% annual cumulative, non-compounded The principal amount of the Listing Note was determined based, in part, on the actual market value of the Company’s outstanding common stock for the period 180 days to 210 days after the Listing. Until the final principal amount of the Listing Note was determined in November 2014, the Listing Note was considered to be a derivative which was marked to fair value at each reporting date, with changes in the fair value recorded in the consolidated statements of operations and comprehensive loss. The principal amount of the Listing Note was determined to be $33.5 million and was recorded as an expense in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2014. On November 21, 2014, at the request of the SLP, the Listing Note was converted into 3,062,512 OP units and the value of the Listing Note was reclassified from derivative liabilities to non-controlling

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 10 – Fair Value of Financial Instruments Prior to the adoption of liquidation accounting, the Company determined fair value of its financial instruments based on quoted prices when available or through the use of alternative approaches, such as discounting the expected cash flows using market interest rates commensurate with the credit quality and duration of the instrument. This alternative approach also reflected the contractual terms of the instruments, as applicable, including the period to maturity, and may use observable market-based inputs, including interest rate curves and implied volatilities, and unobservable inputs, such as expected volatility. The guidance defines three levels of inputs that may be used to measure fair value: Level 1 – Quoted prices in active markets for identical assets and liabilities that the reporting entity has the ability to access at the measurement date. Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset and liability or can be corroborated with observable market data for substantially the entire contractual term of the asset or liability. Level 3 – Unobservable inputs that reflect the entity’s own assumptions that market participants would use in the pricing of the asset or liability and are consequently not based on market activity, but rather through particular valuation techniques. The determination of where an asset or liability falls in the hierarchy requires significant judgment and considers factors specific to the asset or liability. In instances where the determination of the fair value measurement was based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement fell was based on the lowest level input that was significant to the fair value measurement in its entirety. The Company determined that the majority of the inputs used to value its derivatives, such as interest rate swaps and caps, fell within Level 2 of the fair value hierarchy and the credit valuation adjustments associated with those derivatives, such as estimates of current credit spreads to evaluate the likelihood of default by the Company and its counterparties were not significant to the overall valuation of the Company’s derivatives. See Note 11 – Interest Rate Derivatives and Hedging Activities. The valuation of derivatives was determined using a discounted cash flow analysis on the expected cash flows. This analysis reflected the contractual terms of the derivatives, including the period to maturity, as well as observable market-based inputs, including interest rate curves and implied volatilities. In addition, credit valuation adjustments were incorporated into the fair values to account for the Company’s potential nonperformance risk and the performance risk of the counterparties. The following table presents information about the Company’s derivatives that are presented net, measured at fair value on a recurring basis as of December 31, 2016, aggregated by the level in the fair value hierarchy within which those instruments fall: (In thousands) Quoted Prices in Significant Other Significant Total Derivatives, net $ — $ 91 $ — $ 91 There were no transfers between levels of the fair value hierarchy during the year ended December 31, 2016. Financial instruments not carried at fair value Under going concern accounting, the Company is required to disclose the fair value of financial instruments for which it is practicable to estimate the value. The fair value of short-term financial instruments such as cash and cash equivalents, restricted cash, prepaid expenses and other assets, accounts payable and dividends payable approximates their carrying value on the consolidated balance sheets due to their short-term nature. The fair values of the Company’s financial instruments that are not reported at fair value on the consolidated balance sheet are reported below. December 31, 2017 December 31, 2016 (In thousands) Level Carrying Fair Value Carrying Fair Value Mortgage notes payable 3 $ 215,494 $ 216,850 $ 1,129,080 $ 1,138,576 The fair value of mortgage notes payable were estimated using a discounted cash flow analysis based on similar types of arrangements.

Interest Rate Derivatives and H

Interest Rate Derivatives and Hedging Activities Risk	12 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Interest Rate Derivatives and Hedging Activities Risk	Note 11 – Interest Rate Derivatives and Hedging Activities Risk Management Objective of Using Derivatives The Company periodically uses derivative financial instruments, including interest rate swaps, caps, collars, options, floors and other interest rate derivative contracts, to hedge all or a portion of the interest rate risk associated with its borrowings. The principal objective of such arrangements is to minimize the risks and costs associated with the Company’s operating and financial structure as well as to hedge specific anticipated transactions. The Company does not utilize derivatives for speculative purposes or purposes other than interest rate risk management. The use of derivative financial instruments carries certain risks, including the risk that the counterparties to these contractual arrangements will not perform under the agreements. To mitigate this risk, the Company only enters into derivative financial instruments with counterparties that the Company believes to have high credit ratings and with major financial institutions with which the Company and the Former Advisor and its affiliates may also have had other financial relationships. Under going concern accounting, the Company’s derivative financial instruments were classified as separate assets and liabilities on the balance sheet. As these instruments will not be converted to cash or other considerations, derivative financial instruments have been valued at $0 as of January 1, 2017 in accordance with liquidation accounting. As of December 31, 2017, the Company is not a party to any derivative financial instruments. Cash Flow Hedges of Interest Rate Risk The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps and caps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. Interest rate caps designated as cash flow hedges involve the receipt of variable-rate amounts if interest rates rise above the cap strike rate on the contract. Prior to the adoption of the Liquidation Plan, the effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges was recorded in accumulated other comprehensive loss and was subsequently reclassified into earnings in the period that the hedged forecasted transaction affected earnings. The Company uses such derivatives to hedge the variable cash flows associated with variable-rate debt. The ineffective portion of the change in fair value of the derivatives was recognized directly in earnings. Amounts reported in accumulated other comprehensive loss related to derivatives were reclassified to interest expense as interest payments were made on the Company’s variable-rate debt. At December 31, 2017 the Company did not have any interest rate derivatives outstanding. As of December 31, 2016, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk. December 31, 2016 Interest Rate Derivative Number of Notional Amount Interest rate swaps 2 $ 44,700 Derivatives Not Designated as Hedges Derivatives not designated as hedges are not speculative and are used to manage the Company’s exposure to interest rate movements and other identified risks, but do not meet the strict hedge accounting requirements under GAAP. Under going concern accounting, changes in the fair value of derivatives not designated in hedging relationships are recorded directly in earnings, which resulted in an expense of $0.3 million during the year ended December 31, 2016 which is included in gain (loss) on derivative instruments on the consolidated statements of operations and comprehensive loss. As of December 31, 2016, the Company had the following outstanding interest rate derivatives that were not designated as hedges in qualified hedging relationships. December 31, 2016 Interest Rate Derivative Number of Notional Amount Interest rate caps 4 $ 1,065,000 Balance Sheet Classification The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of December 31, 2016: (In thousands) Balance Sheet Location December 31, Derivatives designated as hedging instruments: Interest rate swaps Derivative liabilities, at fair value $ (74 ) Derivatives not designated as hedging instruments: Interest rate caps Derivative assets, at fair value $ 165 Derivatives in Cash Flow Hedging Relationships The table below details the location in the financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the years ended December 31, 2016 and 2015: Year Ended (In thousands) 2016 2015 Amount of loss recognized in accumulated other comprehensive loss from interest rate derivatives (effective portion) $ (742 ) $ (2,344 ) Amount of loss reclassified from accumulated other comprehensive loss into income as interest expense (effective portion) $ (1,266 ) $ (2,167 ) Amount of loss recognized in loss on derivative instruments (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing) $ (1 ) $ (4 ) Offsetting Derivatives The Company does not offset its derivatives on the accompanying consolidated balance sheet. The table below presents a gross presentation, the potential effects of offsetting, and a potential net presentation of the Company’s derivatives as of December 31, 2016. The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the accompanying consolidated balance sheet. Gross Gross Potential Net Amounts Gross Amounts Not Offset on Net Derivatives (In thousands) Financial Cash Collateral December 31, 2016 $ 165 $ (74 ) $ 91 $ — $ — $ 91

Common Stock

Common Stock	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Common Stock	Note 12 – Common Stock As of December 31, 2017 and 2016, the Company had 167.9 million and 167.1 million shares of common stock outstanding, respectively, including unvested shares of restricted common stock (“restricted shares”), but not including LTIP units or OP units, which were redeemable for shares of common stock. On January 3, 2017, the Company issued 841,660 shares of its common stock upon redemption of 841,660 OP units held by certain individuals who were members of the Former Advisor or its affiliates. As of December 31, 2017, there were no OP units outstanding, other than OP units held by the Company and no vested LTIP units outstanding. See Note 19 – Non-Controlling From April 2014 through October 2016, the Company’s board of directors authorized, and the Company declared, a monthly dividend at an annualized rate equal to $0.46 per share per annum. Dividends were paid to stockholders of record on the close of business on the 8th day of each month, payable on the 15th day of such month. In October 2016, the Company announced that, in light of the Liquidation Plan, which was then subject to stockholder approval, the Company’s board of directors had determined that the Company would not pay a regular dividend for the month of November 2016 and did not expect to pay a regular monthly dividend for the month of December 2016 or thereafter. Because the Liquidation Plan was approved by the Company’s stockholders, the Company will not resume paying monthly dividends. The Company expects to make periodic liquidating distributions out of net proceeds of asset sales, subject to satisfying its liabilities and obligations, in lieu of regular monthly dividends. During 2017, the Company paid aggregate liquidating distributions equal to $3.07 per share. On January 26, 2018, the Company paid a cash liquidating distribution of $2.00 per share. There can be no assurance as to the actual amount or timing of future liquidating distributions stockholders will receive.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 13 – Commitments and Contingencies Future Minimum Lease Payments The Company entered into lease agreements related to certain acquisitions under leasehold interest arrangements. The following table reflects the minimum contractual base cash payments, excluding reimbursements, due from the Company over the next five years and thereafter under these arrangements. These amounts exclude contingent rent payments, as applicable, that may be payable based on provisions related to increases in annual rent based on exceeding certain economic indexes, among other items. Future Minimum (In thousands) Ground Leases 2018 $ 5,175 2019 5,432 2020 5,432 2021 5,633 2022 5,914 Thereafter 238,138 Total minimum lease payments $ 265,724 As of December 31, 2017, future minimum base rent payments related to the ground leases accrued until the projected disposal of the related properties amounted to $2.5 million and are included in liability for estimated costs in excess of estimated receipts during liquidation. Total rental expense related to operating leases was $7.6 million for the years ended December 31, 2016 and 2015. During the years ended December 31, 2016 and 2015, interest expense related to capital leases was approximately $0.1 million. The following table discloses assets recorded under capital leases and the accumulated amortization thereon as of December 31, 2016: (In thousands) December 31, Buildings, fixtures and improvements $ 11,785 Less accumulated depreciation and amortization (2,273 ) Total real estate investments, net $ 9,512 Litigation and Regulatory Matters In the ordinary course of business, the Company may become subject to litigation, claims and regulatory matters. There are no legal or regulatory proceedings pending or known to be contemplated against the Company from which the Company expects to incur a material loss. Harris Derivative Suit In October 2016, Berney Harris (the “Plaintiff”) filed a derivative complaint (the “Harris Complaint”) on behalf of the Company against certain current and former members of the Company’s board of directors (the “director defendants”), the Former Advisor, and certain affiliates of the Former Advisor (together with the Former Advisor, the “Former Advisor defendants”). The Complaint was filed in the Supreme Court of the State of New York, New York County on October 13, 2016. The Harris Complaint alleged, among other things, that the director defendants breached their fiduciary duties by putting the interests of the Former Advisor defendants before those of the public stockholders, which breach was aided and abetted by the Former Advisor defendants. The Harris Complaint also asserted claims of corporate waste against the director defendants and unjust enrichment against certain of the Former Advisor defendants. On December 16, 2016, the defendants filed motions to dismiss on the basis of a provision in the Company’s bylaws providing that the state or federal courts of Maryland are the sole and exclusive forum for derivative claims such as those raised in the Harris Complaint. On April 6, 2017, an Evaluation Committee of the Board of Directors (the “EC”) consisting of three independent, disinterested directors was appointed by the Board of Directors to evaluate what actions should be taken by the Company in connection with the Harris Complaint and a demand letter sent by a different shareholder to the Company dated March 27, 2017. The EC filed a memorandum of law on August 4, 2017 in support of the motion to dismiss based on the forum selection clause in the Company’s bylaws. On August 10, 2017, the Court issued an Order granting the Company’s and the director defendants’ motion to dismiss and also granted the motion to dismiss of one of the Former Advisor defendants. At the same time, the Court requested additional briefing as to the other Former Advisor defendants’ motion to dismiss, which the Court neither granted nor denied at the time and which is still pending before the Court. On September 15, 2017, the EC filed a motion seeking to stay Plaintiff’s suit pending the conclusion of its evaluation process and the Former Advisor defendants who had not been dismissed filed a memorandum of law in further support of their motion to dismiss. On October 3, 2017, Plaintiff filed a motion seeking to modify the Court’s August 10, 2017 Order to the extent that it dismissed the Company as a nominal defendant. On October 18, 2017, Plaintiff filed a notice of appeal of the Court’s Order dismissing the Company, the director defendants, and one Former Advisor defendant. On November 21, 2017, Plaintiff filed a motion for leave to appeal from certain parts of the Court’s August 10, 2017 Order. On December 6, 2017, the Court dismissed the Harris Complaint in its entirety without prejudice. Accordingly, the Court denied as moot the EC’s motion to stay and Plaintiff’s November 21, 2017 motion for leave to appeal. On January 31, 2018, Plaintiff filed an amended notice of appeal of the Court’s Order dismissing the Harris Complaint and the Court’s prior August 10, 2017 Order dismissing the Company, the director defendants, and one of the Former Advisor defendants. At this time, it is unclear whether Plaintiff will pursue his appeals, whether those appeals will succeed if he does pursue them, or whether Plaintiff will seek to file a complaint in another jurisdiction. The EC has not yet completed its investigation, the result of which may bear on the merits of any potential claims the Company might have. Environmental Matters In connection with the ownership and operation of real estate, the Company may potentially be liable for costs and damages related to environmental matters. The Company maintains environmental insurance for its properties that provides coverage for potential environmental liabilities, subject to the policy’s coverage conditions and limitations. The Company has not been notified by any governmental authority of any non-compliance,

Related Party Transactions and

Related Party Transactions and Arrangements	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions and Arrangements	Note 14 – Related Party Transactions and Arrangements The Former Advisor, individual members of the Former Advisor, and employees or former employees of the Former Advisor held interests in the OP. See Note 19 – Non-Controlling Viceroy Hotel The following table details revenues from related parties at the Viceroy Hotel. The Company did not have any receivables from related parties as of December 31, 2017 and 2016. Year Ended December 31, (In thousands) 2017 2016 Hotel revenues $ 5 $ 36 Winthrop Advisor and its Affiliates On December 19, 2016, as part of the arrangements providing for the transition of advisory services from the Former Advisor to Winthrop Advisor, the Company and Winthrop Advisor entered into the Current Advisory Agreement, the Advisory Amendment and certain other arrangements including property management agreements. From January 3, 2017 until March 7, 2017, Winthrop Advisor served as the exclusive advisor to the Company with respect to implementation and oversight of, and the taking of all actions in connection with the Liquidation Plan, and as a consultant to the Company on other matters. Beginning March 8, 2017, Winthrop Advisor continues to execute the Liquidation Plan and will also manage the Company’s day-to-day The Company paid Winthrop Advisor a fee of $1.0 million in cash as compensation for advisory services and consulting services rendered prior to March 1, 2017. Beginning on March 1, 2017, the Company pays Winthrop Advisor an asset management fee equal to 0.325% per annum of the cost of assets (as defined in the Current Advisory Agreement) up to $3.0 billion and 0.25% per annum of the cost of assets in excess of $3.0 billion. In connection with the adoption of liquidation accounting, the Company accrues costs it expects to incur through the end of liquidation. The Company has accrued asset management fees of $3.6 million payable to the Winthrop Advisor, of which $2.2 million relates to the existing contract amount and the remainder is management’s estimate of future asset management cost to final liquidation, provided that there is no assurance that the contract will in fact be extended on those terms, if at all. This amount is included in liabilities for estimated costs in excess of estimated receipts during liquidation. Actual fees incurred may differ significantly from these estimates due to inherent uncertainty in estimating future events. In connection with the payment of (i) any distributions of money or other property by the Company to its stockholders during the term of the Current Advisory Agreement and (ii) any other amounts paid to the Company’s stockholders on account of their shares of common stock in connection with a merger or other change in control transaction pursuant to an agreement with the Company entered into after March 8, 2017 (such distributions and payments, the “Hurdle Payments”), in excess of $11.00 per share (the “Hurdle Amount”), when taken together with all other Hurdle Payments, the Company will pay an incentive fee to Winthrop Advisor in an amount equal to 10.0% of such excess (the “Incentive Fee”). The Hurdle Amount will be increased on an annualized basis by an amount equal to the product of (a) the Treasury Rate plus 200 basis points and (b) the Hurdle Amount minus all previous Hurdle Payments. Based on the current estimated undiscounted net assets in liquidation, the Winthrop Advisor would not be entitled to receive any such incentive fee. Effective March 2017, Winthrop Property Manager began providing property management services to those properties for which the ARG Property Manager had been providing property management services. The Company pays to Winthrop Property Manager 1.75% of gross revenues, inclusive of all third party property management fees, for property management services provided to the Company by the Winthrop Property Manager or any of its affiliates. The following table details amounts incurred by the Company to the Winthrop Advisor and its affiliates in connection with the operations related services described above for the periods presented and any amounts payable to or due from the Winthrop Advisor as of the dates specified: (In thousands) Year Ended Payable (Receivable) as of Asset management fees $ 8,008 $ — Property management fees 479 17 Total related party operational fees $ 8,487 $ 17 Executives and Personnel Under the Current Advisory Agreement, Winthrop Advisor is required to provide the Company with, among other personnel, a chief executive officer and a chief financial officer. On March 8, 2017, the Company appointed Wendy Silverstein as the chief executive officer and John Garilli as the chief financial officer of the Company. The Company will not reimburse either Winthrop Advisor or any of its affiliates for any internal selling, general or administrative expense of Winthrop Advisor or its affiliates, including the salaries and wages, benefits or overhead of personnel providing services to the Company, including a chief executive officer and a chief financial officer. Ms. Silverstein is the sole shareholder of a corporation, which is a party to a consulting agreement with Winthrop Advisor. Ms. Silverstein receives a consulting fee for providing services in connection with the services provided by Winthrop Advisor and is entitled to receive 50% of any Incentive Fee (as defined above) that may be payable to the Winthrop Advisor pursuant to the Current Advisory Agreement. Ms. Silverstein does not own any shares of common stock of the Company or other securities of the Company and, as a non-independent Standstill During the term of the Current Advisory Agreement, Winthrop, together with its affiliates, is required to hold at least 1,000,000 shares of the Company’s common stock. Other than with respect to this stockholding requirement, the Winthrop Advisor or any of its affiliates may not (i) acquire or offer to acquire any of the Company’s assets, whether in connection with the Liquidation Plan or otherwise, or (ii) contribute debt or equity financing to, or otherwise invest in, the Company, the OP or any of their respective subsidiaries. Term and Termination The initial term of the Current Advisory Agreement expires on February 28, 2018 and thereafter renews automatically for successive six month periods unless a majority of the independent directors or Winthrop Advisor elects to terminate the Current Advisory Agreement without cause and without penalty, upon written notice thirty (30) days’ prior to the end of such term. The Current Advisory Agreement may also be terminated upon thirty (30) days’ written notice by a majority of the independent directors with cause (as defined in the Current Advisory Agreement) or if Ms. Silverstein resigns or is otherwise unavailable to serve as the chief executive officer of the Company for any reason and Winthrop Advisor has not identified a replacement chief executive officer who is acceptable to a majority of the independent directors. In addition, the Current Advisory Agreement will terminate automatically upon: (i) the occurrence of a change of control (as defined in the Current Advisory Agreement), other than as a result of the transactions contemplated by the Liquidation Plan, or (ii) at the effective time of the dissolution of the Company in accordance with the Liquidation Plan or, (iii) if the assets of the Company are transferred to a liquidating trust, the final disposition of the assets transferred by the liquidating trust. After termination, Winthrop Advisor is entitled to receive all amounts then accrued and owed to it, including any accrued Incentive Fee, but is not entitled to a termination fee or any other amounts. Former Advisor and its Affiliates Prior to March 8, 2017, the Company paid to the Former Advisor an asset management fee equal to 0.50% per annum of the cost of assets up to $3.0 billion and 0.40% per annum of the cost of assets above $3.0 billion. Prior to March 8, 2017, unless the Company contracted with a third party, the Company paid the ARG Property Manager a property management fee equal to: (i) for non-hotel The Company reimbursed the Former Advisor for costs and expenses paid or incurred prior to March 8, 2017 by the Former Advisor and its affiliates in connection with providing services to the Company (including reasonable salaries and wages, benefits and overhead of all employees directly involved with the performance of such services), although the Company did not reimburse the Former Advisor for personnel costs in connection with services for which the Former Advisor received a separate fee. Total reimbursements of costs and expenses for the years ended December 31, 2016 and 2015 was approximately $2.7 million and $.8 million, respectively. The Company was also party to a transfer agency agreement with American National Stock Transfer, LLC, a subsidiary of the parent company of the Former Dealer Manager (“ANST”), pursuant to which ANST provided the Company with transfer agency services (including broker and stockholder servicing, transaction processing, year-end The following table details amounts incurred and paid by the Company to, and amounts waived by, the Former Advisor and its affiliates in connection with the operations related services described above for the periods presented and any amounts payable to or due from the Former Advisor as of the dates specified: Year Ended December 31, Payable (Receivable) as of 2017 2016 2015 December 31, (In thousands) Incurred Waived Incurred Waived Incurred Waived 2017 2016 Asset management fees $ 2,339 $ — $ 12,293 $ — $ 12,465 $ — $ — $ 51 Transfer agent and other professional fees 414 — 2,862 — 1,713 — — 299 Property management fees 560 — 2,046 994 2,603 2,603 — 105 Total related party operational fees and reimbursements $ 3,313 $ — $ 17,201 $ 994 $ 16,781 $ 2,603 $ — $ 455 The Former Advisor agreed to waive certain fees, including property management fees, during the years ended December 31, 2016 and 2015. The fees that were waived were not deferrals and accordingly, were not and will not be paid to the Former Advisor. In connection with the sale of one or more properties, for which the Former Advisor provided a substantial amount of services as determined by the Company’s independent directors, the Company was required to pay the Former Advisor a property disposition fee not to exceed the lesser of 2.0% of the contract sale price of the property or 50% of the competitive real estate commission paid if a third party broker was also involved; provided, however that in no event could the property disposition fee paid to the Former Advisor when added to real estate commissions paid to unaffiliated third parties exceed the lesser of 6.0% of the contract sale price and a competitive real estate commission. For purposes of the foregoing, “competitive real estate commission” meant a real estate brokerage commission for the purchase or sale of a property which was reasonable, customary and competitive in light of the size, type and location of the property. The Company incurred and paid $0.2 million in property disposition fees to the Former Advisor during the years ended December 31, 2016 and 2015 related to the sale of certain properties. Personnel Side Letter On December 19, 2016, as part of the arrangements providing for the transition of advisory services from the Former Advisor to the Winthrop Advisor, the Company, the OP, Former Advisor and the ARG Property Manager entered into a letter agreement (the “Personnel Side Letter”), requiring the Company to fund, and the Former Advisor to pay, certain amounts to incentivize and retain certain personnel of the Former Advisor and its affiliates (the “Former Advisor Employees”). The Personnel Side Letter provides that the 2016 bonus to be paid by the Former Advisor to each Former Advisor Employee who remains employed by the Former Advisor or its affiliates will be no less than 75% of such Former Advisor Employee’s 2015 bonus. The Personnel Side Letter also includes provisions for payments of retention bonuses allocated among the Former Advisor Employees. Pursuant to an escrow agreement entered into among the Company, the Former Advisor and Chicago Title Insurance Company on December 21, 2016, the Company deposited an amount equal to $0.7 million in an escrow account on December 21, 2016. The amount in the escrow account was used to pay the retention bonuses allocated to each Former Advisor Employee who remained employed by the Former Advisor or its affiliates as a retention bonus, with two-thirds 10-K 10-K In March, 2017, the entire balance of $0.7 million in the escrow account has been disbursed. Settlement Agreement On October 23, 2016, the Company entered into an agreement (the “Settlement Agreement”) with WW Investors LLC, Michael L. Ashner and Steven C. Witkoff (collectively, the “WW Investors”), an affiliate of the Winthrop Advisor, to settle a potential proxy contest pertaining to the election of directors to the Company’s Board of Directors at the Company’s 2016 annual meeting of stockholders. Pursuant to the Settlement Agreement, among other things: • the Company’s Board of Directors was expanded from six to nine directors and James Hoffmann, Gregory Hughes and Craig T. Bouchard were elected as members of the Company’s Board of Directors; • Mr. Hoffmann was appointed to serve as a member of the audit committee of the Company’s Board of Directors and Mr. Hughes was appointed to serve as a member of the compensation committee of the Company’s Board of Directors; • so long as WW Investors is not in breach of the Settlement Agreement, WW Investors has certain rights to recommend replacement directors if either of Mr. Hughes or Mr. Hoffmann resigns from the Company’s Board of Directors or is rendered unable to serve on the Company’s Board of Directors by reason of death or disability prior to the end of the Standstill Period (as defined below) subject to such replacement directors being independent under the applicable standards in the Settlement Agreement, and subject to such replacement director being first recommended by the nominating and corporate governance committee of the Company’s Board of Directors and subsequently approved by the Company’s Board of Directors in their sole discretion; • WW Investors will vote its shares of common stock at any stockholders meeting prior to the expiration of the Standstill Period in favor of the Company’s director nominees and otherwise in accordance with the Company’s Board of Director’s recommendation; • following that selection of the Service Provider in the request for proposal, for so long as WW Investors or one of its affiliates serves as the Company’s external advisor or manager, WW Investors may sell shares of the Company’s common stock so long as it continues to own at least 1,000,000 shares of the Company’s common stock in the aggregate; • the Company reimbursed WW Investors for its reasonable, documented out-of-pocket • WW Investors agreed to customary standstill restrictions during the “Standstill Period,” which is the period beginning on the date of the Settlement Agreement and ending on the later of (x) December 31, 2017 and (y) the date that neither Mr. Hoffmann nor Mr. Hughes continues to serve on the Company’s board of directors. The Standstill Period will also terminate on the date that the Company files its proxy statement in respect of an annual meeting if either Mr. Hoffmann or Mr. Hughes (or any replacement director) is not nominated as a director unless such failure to be so nominated was attributable to involvement in certain legal proceedings that would require disclosure in the Company’s Annual Report on Form 10-K. On February 4, 2017, Ms. Silverstein was recommended as a replacement director by WW Investors with respect to the resignation of Mr. Hoffmann pursuant to the terms of the Settlement Agreement as modified by an amendment to the Settlement Agreement entered into on that date, and she was thereafter elected to the board of directors to serve as a director until the Company’s 2017 annual meeting and until her successor is duly elected and qualifies.

Economic Dependency

Economic Dependency	12 Months Ended
	Dec. 31, 2017
Text Block [Abstract]
Economic Dependency	Note 15 – Economic Dependency Under various agreements, the Company has engaged Winthrop Advisor, its affiliates and entities under common control with Winthrop Advisor to provide certain services that are essential to the Company, including asset management services, supervision of the management and leasing of properties owned by the Company, asset acquisition and disposition decisions, as well as other administrative responsibilities for the Company including accounting services, transaction management and investor relations. As a result of these relationships, the Company is dependent upon Winthrop Advisor and its affiliates. In the event that these companies are unable to provide the Company with the respective services, the Company will be required to find alternative providers of these services.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Note 16 – Share-Based Compensation Stock Option Plan The Company has a stock option plan (the “Plan”) which authorizes the grant of nonqualified stock options to the Company’s independent directors, officers, advisors, consultants and other personnel, subject to the absolute discretion of the board of directors and the applicable limitations of the Plan. The exercise price for all stock options granted under the Plan will be equal to the fair market value of a share on the date of grant. Upon a change in control, unvested options will become fully vested and any performance conditions imposed with respect to the options will be deemed to be fully achieved. A total of 0.5 million shares have been authorized and reserved for issuance under the Plan. As of December 31, 2017 and 2016, no stock options were issued under the Plan. Restricted Share Plan The Company’s employee and director incentive restricted share plan (“RSP”) provides the Company with the ability to grant awards of restricted shares to the Company’s directors, officers and employees (if the Company ever has employees), employees of the Former Advisor and its affiliates, employees of entities that provide services to the Company, directors of the Former Advisor or of entities that provide services to the Company, certain consultants to the Company and the Former Advisor and its affiliates or to entities that provide services to the Company. Under the RSP, the annual amount granted to the independent directors is determined by the board of directors. The maximum number of shares of stock granted under the RSP cannot exceed 10% of the Company’s outstanding shares of common stock on a fully diluted basis at any time. Restricted shares issued to independent directors generally vest over a three- year period in increments of 33.3% per annum. Generally, such awards provide for accelerated vesting of (i) all unvested restricted shares upon a change in control or a termination without cause and (ii) the portion of the unvested restricted shares scheduled to vest in the year of voluntary termination or the failure to be re-elected Restricted shares may not, in general, be sold or otherwise transferred until restrictions are removed and the shares have vested. Holders of restricted shares receive cash dividends and other distributions (including any liquidating distributions made pursuant to the Liquidation Plan) prior to the time that the restrictions on the restricted shares have lapsed. Any dividends payable in shares of common stock are subject to the same restrictions as the underlying restricted shares. In February 2015, the board of directors approved, and the Company awarded, 279,365 restricted shares to employees of the Former Advisor, of which 79,805 restricted shares were subsequently forfeited. The remaining awards vest over a four-year period in increments of 25% per annum. In the fourth quarter of 2015, the Company awarded an additional 30,000 restricted shares to its interim chief financial officer. This award vested in its entirety upon his resignation as interim chief executive officer on March 8, 2017. The following table displays restricted share award activity during the years ended December 31, 2017, 2016 and 2015: Number of Weighted-Average Unvested, December 31, 2015 316,570 $ 10.59 Granted 46,979 10.11 Vested (94,769 ) 10.59 Unvested, December 31, 2016 268,780 10.50 Vested (177,513 ) 10.45 Forfeited (22,979 ) 10.30 Unvested, December 31, 2017 68,288 10.32 Under going concern accounting, the Company measured stock-based compensation expense at each reporting date for any changes in the fair value and recognized the expense prorated for the portion of the requisite service period completed. Accordingly, the Company recognized $0.7 million and $1.1 million in non-cash 2014 Advisor Multi-Year Outperformance Agreement On April 15, 2014 (the “Effective Date”), the Company entered into a multi-year outperformance agreement (the “OPP”) with the OP and the Former Advisor. Under the OPP, the Former Advisor was issued 8,880,579 LTIP Units in the OP with a maximum award value on the issuance date equal to 5.0% of the Company’s market capitalization (the “OPP Cap”). The LTIP Units are structured as profits interests in the Operating Partnership. Prior to the OPP Side Letter dated December 19, 2016 (“OPP Side Letter”), subject to the Former Advisor’s continued service through each vesting date, one third of any earned LTIP Units would vest on each of the third, fourth and fifth anniversaries of the Effective Date. On April 15, 2015 and 2016, in connection with the end of the One-Year Two-Year one-for-one Based on calculations for the Three-Year Period, the Former Advisor earned 43,685 LTIP Units under the terms of the OPP on April 15, 2017. Pursuant to the terms of the OPP Side Letter, these LTIP units were immediately vested on April 15, 2017, were converted on a one-for-one Under the OPP, the Former Advisor’s eligibility to earn a number of LTIP units with a value equal to a portion of the OPP Cap upon the first, second and third anniversaries of the Effective Date was based on the Company’s achievement of certain levels of total return to the Company’s stockholders (“Total Return”), including both share price appreciation and common stock dividends, as measured against a peer group of companies, as set forth below, for the three-year performance period commencing on the Effective Date (the “Three-Year Period”); each 12-month “One-Year 24-month “Two-Year Performance Annual Interim Absolute Component: 4% of any excess Total Return if total stockholder return attained above an absolute hurdle measured from the beginning of such period: 21% 7% 14% Relative Component: 4% of any excess Total Return attained above the Total Return for the performance period of the Peer Group*, subject to a ratable sliding scale factor as follows based on achievement of cumulative Total Return measured from the beginning of such period: • 100% will be earned if total stockholder return achieved is at least: 18% 6% 12% • 50% will be earned if total stockholder return achieved is: 0% 0% 0% • 0% will be earned if total stockholder return achieved is less than: 0% 0% 0% • a percentage from 50% to 100% calculated by linear interpolation will 0% – 18% 0% – 6% 0% – 12% * The “Peer Group” is comprised of certain companies in the SNL US REIT Office Index. The potential outperformance award was calculated at the end of each One-Year Two-Year Two-Year One-Year Two-Year One-Year The following table presents information about the Company’s OPP, which, under going concern accounting, was measured at fair value on a recurring basis as of December 31, 2016, aggregated by the level in the fair value hierarchy within which the instrument falls: (In thousands) Quoted Prices in Significant Other Significant Total December 31, 2016 OPP — — $ 5,457 $ 5,457 On December 26, 2016, 1,172,739 LTIP units were converted to common stock pursuant to the OPP Side Letter based on a fair market value of $10.08 per share. Level 3 valuations The following is a reconciliation of the beginning and ending balance for the changes in instruments with Level 3 inputs in the fair value hierarchy for the year ended December 31, 2016: In thousands OPP Balance as of December 31, 2015 $ 43,500 Fair value adjustment (26,222 ) Ending balance as of December 31, 2016 $ 17,278 The following table provides quantitative information about significant Level 3 input used: Financial Instrument Fair Value Principal Valuation Unobservable Inputs Input Value December 31, 2016 Monte Carlo OPP $ 5,457 Simulation Expected volatility 28.0 % Expected volatility is a measure of the variability in possible returns for an instrument, parameter or market index given how much the particular instrument, parameter or index changes in value over time. Generally, the higher the expected volatility of the underlying instrument, the wider the range of potential future returns. An increase in expected volatility, in isolation, would generally result in an increase in the fair value measurement of an instrument. For the relationship described above, the inverse relationship would also generally apply. Prior to the adoption of the liquidation basis of accounting, share based compensation related to the OPP was recorded as part of general and administrative expenses and non-controlling

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Note 17 – Accumulated Other Comprehensive Income (Loss) The following table illustrates the changes in accumulated other comprehensive income (loss) as of and for the periods indicated: Unrealized Gains on Available-for-Sale Change in Unrealized Total Accumulated Balance, December 31, 2014 $ 244 $ (1,060 ) $ (816 ) Other comprehensive loss, before reclassifications (137 ) (2,344 ) (2,481 ) Amounts reclassified from accumulated other comprehensive income (loss) (107 ) 2,167 2,060 Net current-period other comprehensive income (244 ) (177 ) (421 ) Balance, December 31, 2015 — (1,237 ) (1,237 ) Other comprehensive loss, before reclassifications — (742 ) (742 ) Amounts reclassified from accumulated other comprehensive income (loss) — 1,266 1,266 Net current-period other comprehensive income — 524 524 Balance, December 31, 2016 $ — $ (713 ) $ (713 ) For a reconciliation of the income statement line item affected due to amounts reclassified out of accumulated other comprehensive loss for the years ended December 31, 2016 and 2015, see Note 11 – Interest Rate Derivatives and Hedging Activities.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share	Note 18 – Earnings Per Share Prior to the adoption of the liquidation basis of accounting, the Company determined basic earnings per share on the weighted average number of common shares outstanding during the period. The Company computed diluted earnings per share based on the weighted average number of common shares outstanding combined with the incremental weighted average effect for all outstanding potentially dilutive instruments. The following is a summary of the basic and diluted net loss per share computations for the periods presented: Year Ended December 31, (In thousands, except share and per share data) 2016 2015 Basic and diluted net loss attributable to stockholders $ (82,526 ) $ (39,081 ) Weighted average shares outstanding, basic and diluted 164,949,461 162,165,580 Net loss per share attributable to stockholders, basic and diluted $ (0.50 ) $ (0.24 ) Diluted net loss per share assumes the conversion of all common share equivalents into an equivalent number of common shares, unless the effect is anti-dilutive. The Company considers unvested restricted shares, OP units and LTIP units to be common share equivalents. The Company had the following common share equivalents for the periods presented, which were excluded from the calculation of diluted loss per share attributable to stockholders as the effect would have been anti-dilutive: Year Ended December 31, 2016 2015 Unvested restricted shares 268,780 316,570 OP units 841,660 4,178,090 LTIP units 7,707,841 8,880,579 Total anti-dilutive common share equivalents 8,818,281 13,375,239

Non-Controlling Interests

Non-Controlling Interests	12 Months Ended
	Dec. 31, 2017
Noncontrolling Interest [Abstract]
Non-Controlling Interests	Note 19 – Non-Controlling The Company is the sole general partner of the OP, and the Company and a subsidiary of the Company hold all of the OP units as of December 31, 2017. As of December 31, 2016, the Former Advisor or members, employees or former employees of the Former Advisor held 841,660 OP units and 7,707,841 unvested LTIP units. On January 3, 2017, the Company issued 841,660 shares of its common stock upon redemption of 841,660 OP units, following which no OP units remained outstanding other than OP units held by the Company corresponding to shares of the Company’s common stock. There were $1.9 million and $2.6 million respectively, of distributions paid to OP unit and LTIP unit holders during the years ended December 31, 2016 and 2015. A holder of OP units has the right to distributions on the same basis as a holder of shares of the Company’s common stock, and has the right to redeem OP units for the cash value of a corresponding number of shares of the Company’s common stock or a corresponding number of shares of the Company’s common stock, at the election of the Company, in accordance with the limited partnership agreement of the OP. The remaining rights of the holders of OP units are limited, however, and do not include the ability to replace the general partner or to approve the sale, purchase or refinancing of the OP’s assets. During the year ended December 31, 2016, 3,336,430 OP units were redeemed for shares of the Company’s common stock and reclassified from non-controlling

Quarterly Results (Unaudited)

Quarterly Results (Unaudited)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Quarterly Results (Unaudited)	Note 20 – Quarterly Results (Unaudited) Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2016 and 2015: Quarters Ended (In thousands, except share and per share data) March 31, June 30, September 30, December 31, Total revenues $ 36,709 $ 39,923 $ 41,260 $ 42,382 Basic and diluted net income (loss) attributable to stockholders $ 487 $ (11,540 ) $ (45,267 ) $ (26,202 ) Weighted average shares outstanding, basic and diluted 163,872,612 164,835,872 165,384,074 165,692,013 Net income (loss) per share attributable to stockholders, basic and diluted $ — $ (0.07 ) $ (0.27 ) $ (0.16 ) Quarters Ended (In thousands, except share and per share data) March 31, June 30, September 30, December 31, Total revenues [1] $ 41,849 $ 43,677 $ 44,608 $ 44,387 Basic and diluted net loss attributable to stockholders $ (8,516 ) $ (8,982 ) $ (13,075 ) $ (8,508 ) Weighted average shares outstanding, basic and diluted 162,092,424 162,156,470 162,203,065 162,208,672 Net loss per share attributable to stockholders, basic and diluted [2] $ (0.05 ) $ (0.06 ) $ (0.08 ) $ (0.05 ) [1] During the fourth quarter of 2015, the Company reclassified the write-off [2] During the fourth quarter of 2015, the Company identified certain immaterial errors impacting interest expense in its previously issued quarterly financial statements. Interest expense and net loss were underestimated by $0.3 million for each of the quarters ended March 31, 2015, June 30, 2015 and September 30, 2015. Quarterly amounts in the table above have been revised to reflect the corrected amounts.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	Note 21 – Subsequent Events On February 28, 2018, the Company and the Winthrop Advisor entered into an amendment to the Current Advisory Agreement providing for a term ending March 31, 2018 and amending the Current Advisory Agreement to provide that, in lieu of the termination provisions described above, the Current Advisory Agreement will automatically renew for a one month period on the expiration of any renewal term, unless terminated by a majority of our independent directors or the Winthrop Advisor elects to terminate the Current Advisory Agreement without cause and without penalty, upon written notice forty-five (45) days before the expiration of any renewal term. The Current Advisory Agreement will also automatically terminate at the effective time of the dissolution of the Company in accordance with a Plan of Liquidation or, if the assets of the Company are transferred to a liquidating trust (or the Company is converted into a liquidating entity), the final disposition of the assets transferred by the liquidating trust or held by the liquidating entity. In addition, the amendment provides that commencing March 1, 2018, the Company will reimburse the Winthrop Advisor for the compensation of Wendy Silverstein as chief executive officer of the Company or otherwise. The Company has evaluated subsequent events through the filing of this Annual Report on Form 10-K,

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2017
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III - Real Estate and Accumulated Depreciation	NEW YORK REIT, INC. (in thousands) Initial Costs Subsequent to Accumulated Net Total Portfolio State Acquisition Encumbrances at Land Building and Land Building and Design Center NY 6/22/2010 $ 19,048 $ 11,243 $ 18,884 $ — $ 3,447 $ (6,322 ) $ — $ 27,252 367-387 NY 2/1/2010 — (3) — 31,167 — — (8,092 ) — 23,075 33 West 56th St (garage) NY 6/1/2011 — (4) — 4,637 — (556 ) (561 ) — 3,520 416 Washington St NY 11/3/2011 — (4) — 8,979 — (331 ) (1,396 ) — 7,252 One Jackson Sq NY 11/18/2011 — (4) — 21,466 — (3,042 ) (2,364 ) — 16,060 350 West 42nd St NY 3/16/2012 — (4) — 19,869 — 83 (4,586 ) — 15,366 1100 Kings Highway NY 5/4/2012 20,200 17,112 17,947 — 110 (3,900 ) — 31,269 350 Bleecker St NY 12/31/2012 — (4) — 11,783 — 2 (2,274 ) — 9,511 333 West 34th St NY 8/9/2013 — (4) 98,600 120,908 — 242 (26,825 ) — 192,925 Viceroy Hotel NY 11/18/2013 — (4) — 169,945 — (41,308 ) (1,621 ) — 127,016 Net liquidation adjustment (1) — — — — — — 35,370 35,370 $ 39,248 $ 126,955 $ 425,585 $ — $ (41,353 ) $ (57,941 ) $ 35,370 $ 488,616 (1) Under the liquidation basis of accounting, our real estate holdings are now carried at their estimated value. As a result, the net liquidation adjustment is the net adjustment that we have made to the carrying value of the property in order to reflect its fair value. (2) Depreciation expense will not be recorded subsequent to December 31, 2016 as a result of the adoption of our plan of liquidation. (3) The properties comprised of 367-387 Bleecker Street are not subject to mortgages under the Mortgage Loan with the exception of 382-384 Bleecker Street, which is subject to a mortgage under the Mortgage Loan. (4) These properties are subject to mortgages under the Mortgage Loan which had an outstanding balance of $176.2 million as of December 31, 2017. The tax basis of the above properties was $1,540,000 at December 31, 2017. A summary of activity for real estate and accumulated depreciation for the years ended December 31, 2017, 2016 and 2015: December 31, (In thousands) 2017 2016 2015 Real estate investments, at cost (including assets held for sale): Balance at beginning of year $ 1,653,315 $ 1,714,720 $ 1,729,983 Capital expenditures 6,389 21,891 27,231 Dispositions (1,148,517 ) (83,296 ) (42,494 ) Liquidation adjustment, net (22,571 ) — — Balance at end of year $ 488,616 $ 1,653,315 $ 1,714,720 Accumulated depreciation (including assets held for sale): Balance at beginning of year $ 168,301 $ 139,412 $ 93,012 Depreciation expense — 56,527 61,527 Dispositions (110,360 ) (27,638 ) (15,127 ) Liquidation adjustment (57,941 ) — — Balance at end of year $ — $ 168,301 $ 139,412

Summary of Significant Accoun31

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Pre Plan of Liquidation The accompanying consolidated financial statements of the Company were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). All intercompany accounts and transactions have been eliminated in consolidation.
Liquidation Basis of Accounting	Post Plan of Liquidation Liquidation Basis of Accounting As a result of the approval of the Liquidation Plan by the stockholders, the Company adopted the liquidation basis of accounting as of January 1, 2017 and for the periods subsequent to December 31, 2016 in accordance with GAAP. Accordingly, on January 1, 2017, the carrying value of the Company’s assets were adjusted to their liquidation value, which represents the estimated amount of cash that the Company will collect on disposal of assets as it carries out its liquidation activities under the Liquidation Plan. The current estimate of net assets in liquidation has been calculated based on undiscounted cash flow projections that all the properties will be sold by June 30, 2018 except for the remaining interest in Worldwide Plaza. The Company projects that the remaining interest in Worldwide Plaza will be sold approximately during the fourth quarter of 2021. The actual timing of sales has not yet been determined and is subject to future events and uncertainties. These estimates are subject to change based on the actual timing of future asset sales. The liquidation value of the Company’s investments in real estate is based on expected sales proceeds presented on an undiscounted basis. Estimated costs to dispose of assets have been presented separately from the related assets. Liabilities are carried at their contractual amounts due as adjusted for the timing and other assumptions related to the liquidation process. The Company accrues costs and revenues that it expects to incur and earn as it carries out its liquidation activities through the end of the projected liquidation period to the extent it has a reasonable basis for estimation. Estimated costs expected to be incurred through the end of the liquidation period include budgeted property expenses and corporate overhead, costs to dispose of the properties, mortgage interest expense, costs associated with satisfying known and contingent liabilities and other costs associated with the winding down and dissolution of the Company. Revenues are based on in-place re-lease As a result of the change to the liquidation basis of accounting, the Company no longer presents a Consolidated Balance Sheet, a Consolidated Statement of Operations and Comprehensive Income (Loss), a Consolidated Statement of Changes in Equity or a Consolidated Statement of Cash Flows. These statements are only presented for prior year periods.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company, its wholly owned subsidiaries and consolidated joint venture arrangements in which the Company has controlling financial interests, either through voting or similar rights or by means other than voting rights if the Company is the primary beneficiary of a variable interest entity (“VIE”). The portions of any consolidated joint venture arrangements not owned by the Company would be presented as noncontrolling interests. There were no consolidated joint venture arrangements at December 31, 2017 or 2016. All inter- company accounts and transactions have been eliminated in consolidation. The Company evaluates its relationships and investments to determine if it has variable interests in a VIE. A variable interest is an investment or other interest that will absorb portions of an entity’s expected losses or receive portions of the entity’s expected residual returns. If the Company determines that it has a variable interest in an entity, it evaluates whether such interest is in a VIE. A VIE is broadly defined as an entity where either (1) the equity investors as a group, if any, lack the power through voting or similar rights to direct the activities of an entity that most significantly impact the entity’s economic performance or (2) the equity investment at risk is insufficient to finance that entity’s activities without additional subordinated financial support. The Company consolidates any VIEs when it is determined to be the primary beneficiary of the VIE’s operations. A variable interest holder is considered to be the primary beneficiary of a VIE if it has the power to direct the activities of a VIE that most significantly impact the entity’s economic performance and has the obligation to absorb losses of, or the right to receive benefits from, the entity that could potentially be significant to the VIE. The Company continually evaluates the need to consolidate its joint ventures. In determining whether the Company has a controlling interest in a joint venture and the requirement to consolidate the accounts of that entity, management considers factors such as ownership interest, power to make decisions and contractual and substantive participating rights of the partners or members as well as whether the entity is a VIE for which the Company is the primary beneficiary.
Use of Estimates	Use of Estimates Certain of the Company’s accounting estimates are particularly important for an understanding of the Company’s financial position and results of operations and require the application of significant judgment by management. As a result, these estimates are subject to a degree of uncertainty. Under liquidation accounting, the Company is required to estimate all costs and revenue it expects to incur and earn through the end of liquidation including the estimated amount of cash it expects to collect on the disposal of its assets and the estimated costs to dispose of its assets. All of the estimates and evaluations are susceptible to change and actual results could differ materially from the estimates and evaluations. Prior to the adoption of the Liquidation Plan, under going concern accounting, management made significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, impairment loss, fair value of investments in real estate, derivative financial instruments and hedging activities, equity-based compensation expenses related to the 2014 Advisor Multi-Year Outperformance Agreement (as amended to date, the “OPP”) and fair value measurements, as applicable.
Investments in Real Estate	Investments in Real Estate Prior to the adoption of the Liquidation Plan, the Company evaluated the inputs, processes and outputs of each asset acquired to determine if the transaction was a business combination or an asset acquisition. If an acquisition qualified as a business combination, the related transaction costs were recorded as an expense in the consolidated statements of operations and comprehensive loss. If an acquisition qualified as an asset acquisition, the related transaction costs were generally capitalized and subsequently amortized over the useful life of the acquired assets. In business combinations, the Company allocated the purchase price of acquired properties to tangible and identifiable intangible assets or liabilities and non-controlling in-place The fair value of the tangible assets of an acquired property with an in-place “as-if-vacant” in-place lease-up in-place Fair values of assumed mortgages, if applicable, were recorded as debt premiums or discounts based on the present value of the estimated cash flows, which was calculated to account for either above- or below-market interest rates. Non-controlling The Company utilized a number of sources in making its estimates of fair values for purposes of allocating purchase price, including real estate valuations prepared by independent valuation firms. The Company also considered information and other factors including: market conditions, the industry in which the tenant operates, characteristics of the real estate such as location, size, demographics, value and comparative rental rates, tenant credit profile and the importance of the location of the real estate to the operations of the tenant’s business. Disposals of real estate investments that represented a strategic shift in operations that had a major effect on the Company’s operations and financial results were presented as discontinued operations in the consolidated statements of operations and comprehensive loss for all periods presented; otherwise, the Company continued to report the results of these properties operations within continuing operations. Properties that were intended to be sold were designated as “held for sale” on the consolidated balance sheets at the lesser of carrying amount or fair value less estimated selling costs when they met specific criteria to be presented as held for sale. Properties were no longer depreciated when they were classified as held for sale. The Company did not have any properties held for sale as of December 31, 2016. As of January 1, 2017, the investments in real estate were adjusted to their estimated net realizable value upon sale, or liquidation value, to reflect the change to the liquidation basis of accounting. The liquidation value represents the estimated amount of cash the Company expects to collect on the disposal of its assets as it carries out the liquidation activities of its Liquidation Plan. The liquidation value of the Company’s investments in real estate are presented on an undiscounted basis. Estimated revenue during the period following the commencement of liquidation through the expected sale date and costs to dispose of these assets are presented separately from the related assets. Subsequent to January 1, 2017, all changes in the estimated liquidation value of the investments in real estate are reflected as a change in the Company’s net assets in liquidation presented on an undiscounted basis. The liquidation value of investments in real estate is based on a number of factors including discounted cash flow and direct capitalization analyses, detailed analysis of current market comparables and broker opinions of value, and binding purchase offers to the extent available.
Depreciation and Amortization	Depreciation and Amortization Prior to the adoption of the Liquidation Plan, depreciation and amortization was computed using the straight-line method over the estimated useful lives of up to 40 years for buildings, 15 years for land improvements, five to seven years for fixtures and improvements and the shorter of the useful life or the remaining lease term for tenant improvements and leasehold interests. Under liquidation accounting, investments in real estate are no longer depreciated. Acquired above-market leases were amortized as a reduction of rental income over the remaining terms of the respective leases. Acquired below-market leases were amortized as an increase to rental income over the remaining terms of the respective leases and expected below-market renewal option periods. Acquired above-market ground leases were amortized as a reduction of property operating expense over the remaining term of the respective leases. Acquired below-market ground lease values were amortized as an increase to property operating expense over the remaining terms of the respective leases and expected below-market renewal option period. The value of in-place in-place Assumed mortgage premiums or discounts, if applicable, were amortized as a reduction or increase to interest expense over the remaining term of the respective mortgages. Under liquidation accounting, intangible assets and liabilities are included in the liquidation value of investments in real estate and are no longer amortized.
Impairment of Long Lived Assets	Impairment of Long Lived Assets Prior to the adoption of the Liquidation Plan, when circumstances indicated the carrying value of a property may not be recoverable, the Company reviewed the asset for impairment. This review was based on an estimate of the future undiscounted cash flows, excluding interest charges, expected to result from the property’s use and eventual disposition. These estimates considered factors such as expected future operating income, market and other applicable trends and residual value, as well as the effects of leasing demand, competition and other factors. If such estimated cash flows were less than the carrying value of a property, an impairment loss was recorded to the extent that the carrying value exceeded the estimated fair value of the property for properties to be held and used. Generally, the Company determined estimated fair value for properties held for sale based on the agreed-upon selling price of an asset. These assessments resulted in the immediate recognition of an impairment loss, resulting in a reduction (addition) of net income (loss). The Company recognized impairment charges of $27.9 million and $0.9 million during the years ended December 31, 2016 and 2015, respectively.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash in bank accounts as well as investments in highly-liquid money market funds with original maturities of three months or less. As of December 31, 2017, $211.8 million was held in money market funds with the Company’s financial institutions. The Company had no funds held in money market funds as of December 31, 2016. The Company deposits cash with high-quality financial institutions. These deposits are guaranteed by the Federal Deposit Insurance Company (the “FDIC”) up to an insurance limit. The Company’s cash balances fluctuate throughout the year and may exceed insured limits from time to time. Although the Company bears risk to amounts in excess of those insured by the FDIC, it does not anticipate any losses as a result.
Restricted Cash	Restricted Cash Restricted cash primarily consists of the $90.7 million capital improvement reserve for Worldwide Plaza, with the balance representing maintenance, real estate tax, structural and debt service reserves.
Investment in Unconsolidated Joint Venture	Investment in Unconsolidated Joint Venture The Company accounts for its investment in unconsolidated joint venture under the equity method of accounting because the Company exercises significant influence over, but does not control the entity and is not considered to be the primary beneficiary. Prior to the adoption of the Liquidation Plan, this investment was recorded initially at cost and subsequently adjusted for equity in net income (loss) and cash contributions and distributions. Any difference between the carrying amount of this investment and the underlying equity in net assets was depreciated and amortized over the estimated useful lives of the assets and liabilities with a corresponding adjustment to the equity income (loss) from unconsolidated joint venture on the accompanying consolidated statements of operations and comprehensive loss. Equity income (loss) from unconsolidated joint venture was allocated based on the Company’s ownership or economic interest in the joint venture. Prior to the adoption of the Liquidation Plan, losses in the value of a joint venture investment that were determined to be other than temporary, were recognized in the period in which the losses occurred. Subsequent to the adoption of the Liquidation Plan, the investment in unconsolidated joint venture is recorded at its net realizable value. The Company evaluates the net realizable value of its unconsolidated joint venture at each reporting period. Any changes in net realizable value will be reflected as a change in the Company’s net assets in liquidation. The liquidation value of the Company’s remaining investment in Worldwide Plaza as of December 31, 2017 is based on the value of the property as a result of the Company’s recent sale of its 48.7% interest in Worldwide Plaza (see Note 7).
Impairment of Equity Method Investments	Impairment of Equity Method Investments Prior to the adoption of the Liquidation Plan, the Company monitored the value of its equity method investments for indicators of impairment. An impairment charge was recognized when the Company determined that a decline in the fair value of the investment below its carrying value was other-than-temporary. The assessment of impairment was subjective and involved the application of significant assumptions and judgments about the Company’s intent and ability to recover its investment given the nature and operations of the underlying investment. The Company was not required to recognize any impairment charges related to equity method investments during the years ended December 31, 2016 or 2015. Subsequent to the adoption of liquidation accounting, equity investments are recorded at their net realizable value. The Company evaluates the net realizable value of its equity investments at each reporting period. Any changes in net realizable value will be reflected as a change to the Company’s net assets in liquidation.
Deferred Costs, Net	Deferred Costs, Net Prior to the adoption of the Liquidation Plan, deferred costs, net, consisted of deferred financing costs related to a credit facility and leasing costs. Deferred financing costs, net, is related to costs incurred in obtaining mortgage notes payable and were presented as an offset against the carrying amount of the related mortgage notes payable. Deferred financing costs represent commitment fees, legal fees, and other costs associated with obtaining commitments for financing. These costs were amortized to interest expense over the terms of the respective financing agreements using the effective interest method. Unamortized deferred financing costs were expensed when the associated debt was refinanced or repaid before maturity. Costs incurred in seeking financial transactions that did not close were expensed in the period in which it was determined that the financing would not close. As deferred financing costs will not be converted to cash or other consideration, these have been valued at $0 as of January 1, 2017. Prior to the adoption of the Liquidation Plan, deferred leasing costs, consisting primarily of lease commissions and professional fees incurred, were deferred and amortized to depreciation and amortization expense over the term of the related lease. Under liquidation accounting, any residual value attributable to lease intangibles is included in the net realizable value of the corresponding investment in real estate. As such, lease intangibles are no longer separately stated on the Consolidated Statement of Net Assets.
Derivative Instruments	Derivative Instruments The Company periodically uses derivative financial instruments to hedge the interest rate risk associated with a portion of its borrowings. 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. Prior to the adoption of the Liquidation Plan, the Company recorded all derivatives on the consolidated balance sheet at fair value. The accounting for changes in the fair value of derivatives depended on the intended use of the derivative, whether the Company elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship 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, were 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, were considered cash flow hedges. 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 is 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 if the Company does not elect to apply hedge accounting. If the Company designated a qualifying derivative as a hedge, changes in the value of the derivative were reflected in accumulated other comprehensive income (loss) on the accompanying consolidated balance sheet. If a derivative did not qualify as a hedge, or if the Company did not elect to apply hedge accounting, changes in the value of the derivative were reflected in other income (loss) on the accompanying consolidated statements of operations and comprehensive loss. As these instruments will not be converted into cash or other consideration, derivative financial instruments have been valued at $0 as of January 1, 2017 in accordance with liquidation accounting. As of December 31, 2017, the Company is not party to any derivative financial instruments.
Revenue Recognition	Revenue Recognition Prior to the adoption of the Liquidation Plan, the Company’s revenues, which were derived primarily from rental income, included 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. Because many of the Company’s leases provide for rental increases at specified intervals under going concern accounting, GAAP requires that the Company record a receivable, and include in revenues on a straight-line basis, unbilled rent receivables that it will only receive if the tenant makes all rent payments required through the expiration of the initial term of the lease. The Company deferred the revenue related to lease payments received from tenants in advance of their due dates. When the Company acquired a property, the acquisition date was considered to be the commencement date for purposes of this calculation. Rental revenue recognition commenced when the tenant took possession of or controlled the physical use of the leased space. For the tenant to take possession, the leased space must be substantially ready for its intended use. To determine whether the leased space was substantially ready for its intended use, the Company evaluated whether the Company owned or if the tenant owned the tenant improvements. When the Company was the owner of tenant improvements, rental revenue recognition began when the tenant took possession of the finished space, which was on the date on which such improvements were substantially complete. When the tenant was the owner of tenant improvements, rental revenue recognition began when the tenant took possession of or control of the space. When the Company concluded that it was the owner of tenant improvements, the Company capitalized the cost to construct the tenant improvements, including costs paid for or reimbursed by the tenants. When the Company concluded that the tenant was the owner of tenant improvements for accounting purposes, the Company recorded its contribution towards those improvements as a lease incentive, which was included in deferred leasing costs, net on the consolidated balance sheet and amortized as a reduction to rental income on a straight-line basis over the term of the lease. The Company continually reviewed receivables related to rent and unbilled rent receivables and determined 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. In the event that the collectability of a receivable was in doubt, the Company recorded an increase in its allowance for uncollectible accounts or recorded a direct write-off 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 to the aforementioned leases, the Company deferred the recognition of contingent rental income until the specified target that triggered the contingent rental income was achieved, or until such sales upon which percentage rent is based are known. If contingent rental income was recognized pursuant to these provisions, contingent rental income was included in rental income on the consolidated statements of operations and comprehensive loss. The Company recognized contingent rental revenue of $0.8 million and $0.6 million during the years ended December 31, 2016 and 2015, respectively. Cost recoveries from tenants were included in operating expense reimbursement in the period the related costs were incurred, as applicable. The Company’s hotel revenues were recognized as earned and were derived from room rentals and other sources such as charges to guests for telephone service, movie and vending commissions, meeting and banquet room revenue and laundry services. Under liquidation accounting, the Company has accrued all revenue that it expects to earn through the end of liquidation to the extent it has a reasonable basis for estimation. Revenues are accrued based on contractual amounts due under the leases in place over the estimated holding period of each asset. To the extent that the estimated holding period for a particular asset is revised and exceeds management’s original planned liquidation period, the Company limited its estimate of future revenue as of the current reporting date to include only the period originally projected due to the inability to reliably estimate such future revenue beyond the originally projected liquidation period. These amounts are classified in liability for estimated costs in excess of estimated receipts during liquidation on the Consolidated Statement of Net Assets. In accordance with liquidation accounting, as of January 1, 2017, tenant and other receivables were adjusted to their net realizable values. Management continually reviews tenant and other receivables to determine collectability. Any changes in the collectability of the receivables is reflected in the net realizable value of the receivable. 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. Contingent rental income is not contemplated under liquidation accounting unless there is a reasonable basis to estimate future receipts.
Share-Based Compensation	Share-Based Compensation The Company has a stock-based incentive award plan for its directors, which, under going concern accounting, was accounted for under the guidance for employee share based payments. The cost of services received in exchange for a stock award was measured at the grant date fair value of the award and the expense for such awards was included in general and administrative expenses and was recognized over the service period or when the requirements for exercise of the award have been met. During the year ended December 31, 2015, the Company granted restricted shares to employees of the Former Advisor, which, under going concern accounting, were accounted for under the guidance for non-employee Under liquidation accounting, compensation expense is no longer recorded as the vesting of the restricted shares does not result in cash outflows for the Company. 2014 Advisor Multi-Year Outperformance Agreement On April 15, 2014 (the “Effective Date”), in connection with the Listing, the Company entered into the OPP with the OP and the Former Advisor, which, under going concern accounting, was accounted for under the guidance for non-employee
Income Taxes	Income Taxes The Company elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code commencing with its taxable year ended December 31, 2010. If the Company continues to qualify for taxation as a REIT, it generally will not be subject to federal corporate income tax to the extent it distributes annually all of its REIT taxable income to its stockholders, determined without regard for the deduction for dividends paid and excluding net capital gains. REITs are subject to a number of organizational and operational requirements, including a requirement that the Company distribute annually at least 90% of the Company’s REIT taxable income to the Company’s stockholders. If the Company fails to continue to qualify as a REIT in any taxable year and does not qualify for certain statutory relief provisions, the Company will be subject to U.S. federal and state income taxes at regular corporate rates (including any applicable alternative minimum tax) beginning with the year in which it fails to qualify and may be precluded from being able to elect to be treated as a REIT for the Company’s four subsequent taxable years. The Company distributed to its stockholders 100% of its REIT taxable income for each of the years ended December 31, 2017, 2016 and 2015. Accordingly, no provision for federal or state income taxes related to such REIT taxable income was recorded on the Company’s financial statements. Even if the Company qualifies for taxation as a REIT, it may be subject to certain state and local taxes on its income and property, and federal income and excise taxes on its undistributed income. During the year ended December 31, 2013, the Company purchased a hotel, which is owned by a subsidiary of the OP and leased to a taxable REIT subsidiary (“TRS”), that is owned by the OP. A TRS is subject to federal, state and local income taxes. The TRS is a tax paying component for purposes of classifying deferred tax assets and liabilities. The Company records net deferred tax assets to the extent the Company believes these assets will more likely than not be realized. In making such determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies and recent financial operations. In the event the Company determines that it would not be able to realize the deferred income tax assets in the future in excess of the net recorded amount, the Company establishes a valuation allowance which offsets the previously recognized income tax benefit. Deferred income taxes result from temporary differences between the carrying amounts of assets and liabilities of the TRS for financial reporting purposes and the amounts used for income tax purposes. The TRS had deferred tax assets and a corresponding valuation allowance of $5.1 million and $3.1 million as of December 31, 2016 and 2015, respectively. The TRS had federal and state net operating loss carry forwards as of December 31, 2016 of $10.8 million, which will expire through 2036. The Company estimated income tax relating to its TRS using a combined federal and state rate of approximately 45% for the year ended December 31, 2017. The Company has concluded that it is more likely than not that the net operating loss carry forwards will not be utilized during the carry forward period and as such the Company has established a valuation allowance against these deferred tax assets. The Company had immaterial current and deferred federal and state income tax expense for the years ended December 31, 2017, 2016 and 2015. As of December 31, 2017, the Company had no material uncertain income tax positions. The tax years subsequent to and including the year ended December 31, 2014 remain open to examination by the major taxing jurisdictions to which the Company is subject.
Per Share Data	Per Share Data Prior to the adoption of the Liquidation Plan, the Company calculated basic loss per share of common stock by dividing net loss for the period by the weighted-average shares of its common stock outstanding for the respective period. Diluted loss per share took into account the effect of dilutive instruments such as unvested restricted stock, limited partnership interests of the OP entitled “OP units” (“OP units”) or limited partnership units of the OP entitled “LTIP units” (“LTIP units”) (assuming such units were not antidilutive), based on the average share price for the period in determining the number of incremental shares that were added to the weighted-average number of shares outstanding. See Note 20 – Earnings.
Reportable Segments	Reportable Segments The Company has determined that it has one reportable segment, with activities related to investing in real estate. The Company’s investments in real estate generate rental revenue and other income through the leasing and management of properties. Management evaluates the operating performance of the Company’s investments in real estate at the individual property level.
Recent Accounting Pronouncement	Recently Issued Accounting Pronouncements There are no recently issued accounting pronouncements that are applicable under liquidation basis accounting. Recently Adopted Accounting Pronouncements None.

Liability for Estimated Costs32

Liability for Estimated Costs in Excess of Estimated Receipts During Liquidation (Tables)	12 Months Ended
	Dec. 31, 2017
Text Block [Abstract]
Summary of Accrued Revenues and Expenses Expected to Earned or Incurred During Liquidation	Upon transition to the liquidation basis of accounting on January 1, 2017, the Company accrued the following revenues and expenses expected to be earned or incurred during liquidation (in thousands): Amount Rents and reimbursements $ 102,309 Hotel revenues 25,261 Property operating expenses (27,006 ) Hotel operating expense (21,467 ) Interest expense (39,756 ) General and administrative expenses (40,124 ) Capital expenditures (8,274 ) Sales costs (69,524 ) Liability for estimated costs in excess of estimated receipts during liquidation $ (78,581 )
Schedule of Changes in Liability for Estimated Costs in Excess of Estimated Receipts During Liquidation	The change in the liability for estimated costs in excess of estimated receipts during liquidation as of December 31, 2017 is as follows (in thousands): January 1, 2017 Net Change Remeasurement Consolidation Deconsolidation December 31, 2017 Assets: Estimated net inflows from investments in real estate $ 58,303 $ 18,315 $ (72,190 ) $ (1,572 ) $ 1,064 $ 3,920 Liabilities: Sales costs (69,524 ) 46,752 4,052 (57,334 ) 57,495 (18,559 ) Corporate expenditures (67,360 ) 64,638 (9,867 ) — — (12,589 ) (136,884 ) 111,390 (5,815 ) (57,334 ) 57,495 (31,148 ) Total liability for estimated costs in excess of estimated receipts during liquidation $ (78,581 ) $ 129,705 $ (78,005 ) $ (58,906 ) $ 58,559 $ (27,228 ) (1) Represents changes in cash, restricted cash, accounts receivable, accounts payable and accrued expenses as a result of the Company’s operating activities for the year ended December 31, 2017. (2) Represents adjustments necessary to reflect the consolidation of Worldwide Plaza following the Company’s acquisition of an additional 49.9% equity interest on June 1, 2017. (See Note 7). (3) Represents adjustments necessary to reflect the deconsolidation of Worldwide Plaza following the Company’s sale of 48.7% of its equity interest on October 18, 2017. (See Note 7).

Net Assets in Liquidation (Tabl

Net Assets in Liquidation (Tables)	12 Months Ended
	Dec. 31, 2017
Text Block [Abstract]
Reconciliation of Equity under Going Concern Basis of Accounting	The following is a reconciliation of Total Equity under the going concern basis of accounting as of December 31, 2016 to net assets in liquidation presented on an undiscounted basis under the liquidation basis of accounting as of January 1, 2017 (in thousands): Total Equity as of December 31, 2016 $ 941,669 Increase due to estimated net realizable value of investments in real estate 382,985 Increase due to estimated net realizable value of investments in unconsolidated joint venture 319,548 Decrease due to write off of unbilled rent receivables (52,620 ) Increase due to write off of market lease intangibles 65,187 Decrease due to write-off (25,262 ) Liability for estimated costs in excess of estimated receipts during liquidation (78,581 ) Adjustment to reflect the change to the liquidation basis of accounting 611,257 Estimated value of net assets in liquidation as of January 1, 2017 $ 1,552,926
Summary of Change in Net Asset Value	A summary of the change in net asset value for the year ended December 31, 2017 is as follows: Liquidating distribution to common stockholders $ (515,541 ) Difference between estimated liquidation value and actual sales price (109,538 ) Revised estimated liquidation value (34,715 ) Revised estimated costs, including defeasance costs (52,217 ) Adjustments for closing costs, debt costs and holding periods (7,802 ) Change in net asset value $ (719,813 )

Real Estate Investments (Tables

Real Estate Investments (Tables)	12 Months Ended
	Dec. 31, 2017
Real Estate [Abstract]
Summary of Real Estate Properties Sold	The following table summarizes the properties sold during the year ended December 31, 2016. Disposition Contract Sales Gain on Sale [1] [2] Property Borough (in thousands) Duane Reade [3] Queens February 2, 2016 $ 12,600 $ 126 1623 Kings Highway Brooklyn February 17, 2016 17,000 4,293 Foot Locker Brooklyn March 30, 2016 8,400 2,211 $ 38,000 $ 6,630 (1) Reflected within gain on sale of real estate investments, net in the consolidated statements of operations and comprehensive loss for the year ended December 31, 2016. (2) During the year ended December 31, 2016, the Company repaid three mortgage notes payable totaling $18.9 million with the proceeds from the sales of Duane Reade, 1623 Kings Highway and Foot Locker. (3) Impairment charge of $0.9 million was recognized during the year ended December 31, 2015 in connection with the classification of Duane Reade as held for sale.
Schedule of Future Minimum Rental Payments for Operating Leases	The following table presents future minimum base cash rental payments due to the Company, excluding future minimum base cash rental payments related to the Company’s unconsolidated joint venture, subsequent to December 31, 2017. These amounts exclude contingent rental payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes among other items. (In thousands) Future Minimum 2018 $ 27,965 2019 27,053 2020 27,243 2021 22,948 2022 20,768 Thereafter 72,933 Total $ 198,910
Schedule of Annualized Rental Income by Major Tenants	The following table lists the tenants whose annualized cash rent represented greater than 10% of total annualized cash rent as of December 31, 2017, 2016 and 2015, including annualized cash rent related to the Company’s unconsolidated joint venture: December 31, Property Portfolio Tenant 2017 2016 2015 Worldwide Plaza [1] Cravath, Swaine & Moore, LLP 17 % 16 % 16 % Worldwide Plaza [1] Nomura Holdings America, Inc. 11 % 11 % 11 % [1] For 2017, annualized cash rent reflects the Company’s 50.1% pro rata share of rent generated by Worldwide Plaza.
Schedule of Finite-Lived Intangible Assets	Acquired intangible assets and liabilities consisted of the following as of December 31, 2016. December 31, 2016 (In thousands) Gross Accumulated Net Intangible assets: In-place $ 108,253 $ 36,645 $ 71,608 Other intangibles 3,804 750 3,054 Above-market leases 20,291 5,036 15,255 Total acquired intangible assets $ 132,348 $ 42,431 $ 89,917 Intangible lease liabilities: Below-market leases $ 75,484 $ 26,864 $ 48,620 Above-market ground lease liability 17,968 1,401 16,567 Total market lease intangibles $ 93,452 $ 28,265 $ 65,187
Finite-lived Intangible Assets Amortization Expense	The following table discloses amounts recognized within the consolidated statements of operations and comprehensive loss related to amortization of in-place December 31, (In thousands) 2016 2015 Amortization of in-place $ 10,986 $ 19,757 Amortization and (accretion) of above- and below-market leases, net [2] $ (6,018 ) $ (7,917 ) Amortization of above-market ground lease [3] $ (449 ) $ (449 ) (1) Reflected within depreciation and amortization expense. (2) Reflected within rental income. (3) Reflected within hotel expenses.

Investment in Unconsolidated 35

Investment in Unconsolidated Joint Venture (Tables)	12 Months Ended
	Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
Condensed Balance Sheet	The condensed balance sheets as of December 31, 2017 and 2016 for Worldwide Plaza are as follows: December 31, (In thousands) 2017 2016 Real estate assets, at cost $ 745,040 $ 744,737 Less accumulated depreciation and amortization (162,283 ) (141,395 ) Total real estate assets, net 582,757 603,342 Cash and cash equivalents 15,964 2,339 Other assets 218,461 231,734 Total assets $ 817,182 $ 837,415 Debt $ 1,213,193 $ 893,433 Other liabilities 126,142 116,281 Total liabilities 1,339,335 1,009,714 Deficit (522,153 ) (172,299 ) Total liabilities and deficit $ 817,182 $ 837,415
Condensed Income Statement	The condensed statements of operations for the years ended December 2017, 2016 and 2015 for Worldwide Plaza are as follows: December 31, (In thousands) 2017 2016 2015 Rental income $ 137,181 $ 135,571 $ 132,483 Operating expenses: Operating expenses 57,374 53,007 52,401 Depreciation and amortization 27,935 28,223 27,488 Total operating expenses 85,309 81,230 79,889 Operating income 51,872 54,341 52,594 Interest expense (70,269 ) (61,669 ) (60,212 ) Prepayment and defeasance of mortgage (108,090 ) — — Net loss allocated to non-controlling (22,126 ) (20,695 ) (20,348 ) Net income (loss) $ (104,361 ) $ 13,367 $ 12,730 Net income (loss) related to Worldwide Plaza includes the Company’s preferred return, the Company’s pro rata share of Worldwide Plaza net income (loss) to members and amortization of the basis difference. The following table presents the components of the income (loss) related to the Company’s investment in Worldwide Plaza for the periods presented, which is included in income (loss) from unconsolidated joint venture on the consolidated statements of operations and comprehensive loss. December 31, (In thousands) 2016 2015 Company’s preferred return $ 15,948 $ 15,736 Company’s share of net loss from Worldwide Plaza (1,262 ) (1,470 ) Amortization of basis difference (11,962 ) (12,327 ) Company’s income (loss) from Worldwide Plaza $ 2,724 $ 1,939

Mortgage Notes Payable (Tables)

Mortgage Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Schedule of Mortgage Notes Payable	The Company’s mortgage notes payable as of December 31, 2017 and 2016 consist of the following (in thousands): Outstanding Loan Amount Effective Portfolio Encumbered December 31, December 31, Interest Rate Maturity Mortgage Loan (1) 8 $ 176,246 $ 500,000 5.1% Libor + 3.5% Sep 2018 1100 Kings Highway 1 20,200 20,200 4.0% Libor + 2.4% Apr 2018 Design Center 1 19,048 19,380 7.0% Variable (3) Dec 2021 Mezzanine Loan (2) — — 260,000 N/A N/A N/A 256 West 38th Street (5) — — 24,500 N/A N/A N/A 1440 Broadway (5) — — 305,000 N/A N/A N/A Mortgage notes payable, gross principal amount $ 215,494 1,129,080 Less: deferred financing costs, net (21,554 ) Mortgage notes payable, net of deferred financing costs $ 1,107,526 5.1%(4) (1) At December 31, 2017 encumbered properties are 333 W 34th Street, 122 Greenwich Street, 350 W 42nd Street, 382-384 416-425 (2) Loan was paid off on December 21, 2017, its contractual maturity date. (3) The variable interest rate reset in December 2017 and will remain fixed at this rate until December 2018. (4) Calculated on a weighted average basis for all mortgages outstanding as of December 31, 2017. (5) Loan was paid off in connection with the sale of properties.
Schedule Of Aggregate Principal Payments On Mortgages Notes Payable	The following table summarizes the scheduled aggregate principal repayments subsequent to December 31, 2017: In thousands Future 2018 $ 196,800 2019 376 2020 401 2021 17,917 Total $ 215,494

Fair Value of Financial Instr37

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Liabilities Measured on Recurring Basis	The following table presents information about the Company’s derivatives that are presented net, measured at fair value on a recurring basis as of December 31, 2016, aggregated by the level in the fair value hierarchy within which those instruments fall: (In thousands) Quoted Prices in Significant Other Significant Total Derivatives, net $ — $ 91 $ — $ 91
Fair Value, by Balance Sheet Grouping	The fair values of the Company’s financial instruments that are not reported at fair value on the consolidated balance sheet are reported below. December 31, 2017 December 31, 2016 (In thousands) Level Carrying Fair Value Carrying Fair Value Mortgage notes payable 3 $ 215,494 $ 216,850 $ 1,129,080 $ 1,138,576

Interest Rate Derivatives and38

Interest Rate Derivatives and Hedging Activities Risk (Tables)	12 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Interest Rate Derivatives	As of December 31, 2016, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk. December 31, 2016 Interest Rate Derivative Number of Notional Amount Interest rate swaps 2 $ 44,700 Derivatives Not Designated as Hedges Derivatives not designated as hedges are not speculative and are used to manage the Company’s exposure to interest rate movements and other identified risks, but do not meet the strict hedge accounting requirements under GAAP. Under going concern accounting, changes in the fair value of derivatives not designated in hedging relationships are recorded directly in earnings, which resulted in an expense of $0.3 million during the year ended December 31, 2016 which is included in gain (loss) on derivative instruments on the consolidated statements of operations and comprehensive loss. As of December 31, 2016, the Company had the following outstanding interest rate derivatives that were not designated as hedges in qualified hedging relationships. December 31, 2016 Interest Rate Derivative Number of Notional Amount Interest rate caps 4 $ 1,065,000
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of December 31, 2016: (In thousands) Balance Sheet Location December 31, Derivatives designated as hedging instruments: Interest rate swaps Derivative liabilities, at fair value $ (74 ) Derivatives not designated as hedging instruments: Interest rate caps Derivative assets, at fair value $ 165
Schedule of Income (Loss) Recognized on Interest Rate Derivatives Designated as Cash Flow Hedges	The table below details the location in the financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the years ended December 31, 2016 and 2015: Year Ended (In thousands) 2016 2015 Amount of loss recognized in accumulated other comprehensive loss from interest rate derivatives (effective portion) $ (742 ) $ (2,344 ) Amount of loss reclassified from accumulated other comprehensive loss into income as interest expense (effective portion) $ (1,266 ) $ (2,167 ) Amount of loss recognized in loss on derivative instruments (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing) $ (1 ) $ (4 )
Schedule of Offsetting Derivative Assets and Liabilities	The table below presents a gross presentation, the potential effects of offsetting, and a potential net presentation of the Company’s derivatives as of December 31, 2016. The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the accompanying consolidated balance sheet. Gross Gross Potential Net Amounts Gross Amounts Not Offset on Net Derivatives (In thousands) Financial Cash Collateral December 31, 2016 $ 165 $ (74 ) $ 91 $ — $ — $ 91

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	The following table reflects the minimum contractual base cash payments, excluding reimbursements, due from the Company over the next five years and thereafter under these arrangements. These amounts exclude contingent rent payments, as applicable, that may be payable based on provisions related to increases in annual rent based on exceeding certain economic indexes, among other items. Future Minimum (In thousands) Ground Leases 2018 $ 5,175 2019 5,432 2020 5,432 2021 5,633 2022 5,914 Thereafter 238,138 Total minimum lease payments $ 265,724
Schedule of Capital Leased Assets	The following table discloses assets recorded under capital leases and the accumulated amortization thereon as of December 31, 2016: (In thousands) December 31, Buildings, fixtures and improvements $ 11,785 Less accumulated depreciation and amortization (2,273 ) Total real estate investments, net $ 9,512

Related Party Transactions an40

Related Party Transactions and Arrangements (Tables)	12 Months Ended
	Dec. 31, 2017
Schedule of Related Party Transactions	The following table details revenues from related parties at the Viceroy Hotel. The Company did not have any receivables from related parties as of December 31, 2017 and 2016. Year Ended December 31, (In thousands) 2017 2016 Hotel revenues $ 5 $ 36
Winthrop Advisor and its Affiliates [Member]
Schedule of Amount Incurred and Paid in Connection With Operation Related Services	The following table details amounts incurred by the Company to the Winthrop Advisor and its affiliates in connection with the operations related services described above for the periods presented and any amounts payable to or due from the Winthrop Advisor as of the dates specified: (In thousands) Year Ended Payable (Receivable) as of Asset management fees $ 8,008 $ — Property management fees 479 17 Total related party operational fees $ 8,487 $ 17
Former Advisor and its Affiliates [Member]
Schedule of Amount Incurred and Paid in Connection With Operation Related Services	The following table details amounts incurred and paid by the Company to, and amounts waived by, the Former Advisor and its affiliates in connection with the operations related services described above for the periods presented and any amounts payable to or due from the Former Advisor as of the dates specified: Year Ended December 31, Payable (Receivable) as of 2017 2016 2015 December 31, (In thousands) Incurred Waived Incurred Waived Incurred Waived 2017 2016 Asset management fees $ 2,339 $ — $ 12,293 $ — $ 12,465 $ — $ — $ 51 Transfer agent and other professional fees 414 — 2,862 — 1,713 — — 299 Property management fees 560 — 2,046 994 2,603 2,603 — 105 Total related party operational fees and reimbursements $ 3,313 $ — $ 17,201 $ 994 $ 16,781 $ 2,603 $ — $ 455

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Restricted Share Award Activity	The following table displays restricted share award activity during the years ended December 31, 2017, 2016 and 2015: Number of Weighted-Average Unvested, December 31, 2015 316,570 $ 10.59 Granted 46,979 10.11 Vested (94,769 ) 10.59 Unvested, December 31, 2016 268,780 10.50 Vested (177,513 ) 10.45 Forfeited (22,979 ) 10.30 Unvested, December 31, 2017 68,288 10.32
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Performance-Based Units, Performance Schedule	Under the OPP, the Former Advisor’s eligibility to earn a number of LTIP units with a value equal to a portion of the OPP Cap upon the first, second and third anniversaries of the Effective Date was based on the Company’s achievement of certain levels of total return to the Company’s stockholders (“Total Return”), including both share price appreciation and common stock dividends, as measured against a peer group of companies, as set forth below, for the three-year performance period commencing on the Effective Date (the “Three-Year Period”); each 12-month “One-Year 24-month “Two-Year Performance Annual Interim Absolute Component: 4% of any excess Total Return if total stockholder return attained above an absolute hurdle measured from the beginning of such period: 21% 7% 14% Relative Component: 4% of any excess Total Return attained above the Total Return for the performance period of the Peer Group*, subject to a ratable sliding scale factor as follows based on achievement of cumulative Total Return measured from the beginning of such period: • 100% will be earned if total stockholder return achieved is at least: 18% 6% 12% • 50% will be earned if total stockholder return achieved is: 0% 0% 0% • 0% will be earned if total stockholder return achieved is less than: 0% 0% 0% • a percentage from 50% to 100% calculated by linear interpolation will 0% – 18% 0% – 6% 0% – 12% * The “Peer Group” is comprised of certain companies in the SNL US REIT Office Index.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following is a reconciliation of the beginning and ending balance for the changes in instruments with Level 3 inputs in the fair value hierarchy for the year ended December 31, 2016: In thousands OPP Balance as of December 31, 2015 $ 43,500 Fair value adjustment (26,222 ) Ending balance as of December 31, 2016 $ 17,278

Accumulated Other Comprehensi42

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table illustrates the changes in accumulated other comprehensive income (loss) as of and for the periods indicated: Unrealized Gains on Available-for-Sale Change in Unrealized Total Accumulated Balance, December 31, 2014 $ 244 $ (1,060 ) $ (816 ) Other comprehensive loss, before reclassifications (137 ) (2,344 ) (2,481 ) Amounts reclassified from accumulated other comprehensive income (loss) (107 ) 2,167 2,060 Net current-period other comprehensive income (244 ) (177 ) (421 ) Balance, December 31, 2015 — (1,237 ) (1,237 ) Other comprehensive loss, before reclassifications — (742 ) (742 ) Amounts reclassified from accumulated other comprehensive income (loss) — 1,266 1,266 Net current-period other comprehensive income — 524 524 Balance, December 31, 2016 $ — $ (713 ) $ (713 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Summary of Basic and Diluted Net Loss Per Share Computations	The following is a summary of the basic and diluted net loss per share computations for the periods presented: Year Ended December 31, (In thousands, except share and per share data) 2016 2015 Basic and diluted net loss attributable to stockholders $ (82,526 ) $ (39,081 ) Weighted average shares outstanding, basic and diluted 164,949,461 162,165,580 Net loss per share attributable to stockholders, basic and diluted $ (0.50 ) $ (0.24 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The Company had the following common share equivalents for the periods presented, which were excluded from the calculation of diluted loss per share attributable to stockholders as the effect would have been anti-dilutive: Year Ended December 31, 2016 2015 Unvested restricted shares 268,780 316,570 OP units 841,660 4,178,090 LTIP units 7,707,841 8,880,579 Total anti-dilutive common share equivalents 8,818,281 13,375,239

Quarterly Results (Unaudited) (

Quarterly Results (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2016 and 2015: Quarters Ended (In thousands, except share and per share data) March 31, June 30, September 30, December 31, Total revenues $ 36,709 $ 39,923 $ 41,260 $ 42,382 Basic and diluted net income (loss) attributable to stockholders $ 487 $ (11,540 ) $ (45,267 ) $ (26,202 ) Weighted average shares outstanding, basic and diluted 163,872,612 164,835,872 165,384,074 165,692,013 Net income (loss) per share attributable to stockholders, basic and diluted $ — $ (0.07 ) $ (0.27 ) $ (0.16 ) Quarters Ended (In thousands, except share and per share data) March 31, June 30, September 30, December 31, Total revenues [1] $ 41,849 $ 43,677 $ 44,608 $ 44,387 Basic and diluted net loss attributable to stockholders $ (8,516 ) $ (8,982 ) $ (13,075 ) $ (8,508 ) Weighted average shares outstanding, basic and diluted 162,092,424 162,156,470 162,203,065 162,208,672 Net loss per share attributable to stockholders, basic and diluted [2] $ (0.05 ) $ (0.06 ) $ (0.08 ) $ (0.05 ) [1] During the fourth quarter of 2015, the Company reclassified the write-off [2] During the fourth quarter of 2015, the Company identified certain immaterial errors impacting interest expense in its previously issued quarterly financial statements. Interest expense and net loss were underestimated by $0.3 million for each of the quarters ended March 31, 2015, June 30, 2015 and September 30, 2015. Quarterly amounts in the table above have been revised to reflect the corrected amounts.

Organization - Additional Infor

Organization - Additional Information (Detail) - Liquidation Value [Member]	12 Months Ended
	Dec. 31, 2017ft²Property
Organization [Line Items]
Number of real estate properties | Property	14
Area of real estate properties | ft²	1,700,000
Occupancy percentage	97.60%
Supplier Concentration Risk [Member] | Composition of Real Estate Portfolio [Member] | Office Building [Member]
Organization [Line Items]
Concentration risk percent	76.00%
Supplier Concentration Risk [Member] | Composition of Real Estate Portfolio [Member] | Retail Site [Member]
Organization [Line Items]
Concentration risk percent	10.00%
Supplier Concentration Risk [Member] | Composition of Real Estate Portfolio [Member] | Other Property [Member]
Organization [Line Items]
Concentration risk percent	14.00%

Summary of Significant Accoun46

Summary of Significant Accounting Policies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2017USD ($)Segment	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Oct. 18, 2017	Jan. 01, 2017USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impairment charge		$ 27,900,000	$ 900,000
Money market funds	$ 211,800,000	0
Derivatives, at fair value	$ 165,000
Contingent rental revenue		$ 800,000	$ 600,000
Taxable Income, Percent Distributed	100.00%	100.00%	100.00%
Valuation allowance		$ 5,100,000	$ 3,100,000
Estimated tax rate		45.00%
Number of reportable segments | Segment	1
Building [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Fixtures useful life	40 years
Land Improvements [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Fixtures useful life	15 years
Domestic Tax Authority [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating loss carry forwards		$ 10,800,000
Minimum [Member] | Furniture and Fixtures [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Fixtures useful life	5 years
Maximum [Member] | Furniture and Fixtures [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Fixtures useful life	7 years
Worldwide Plaza [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Sale of equity method investment percentage				48.70%
Worldwide Plaza [Member] | Capital Improvement Reserve [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Restricted cash	$ 90,700,000
Liquidation Value [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred finance costs					$ 0
Derivatives, at fair value					$ 0

Liability for Estimated Costs47

Liability for Estimated Costs in Excess of Estimated Receipts During Liquidation - Summary of Accrued Revenues and Expenses Expected to Earned or Incurred During Liquidation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Liquidation Basis Of Accounting [Line Items]
Rents and reimbursements		$ 14,066	$ 19,278
Hotel revenues		26,542	26,125
Property operating expenses		(43,561)	(43,752)
Hotel operating expense		(26,753)	(25,366)
Interest expense		$ (40,193)	$ (29,362)
Liquidation Value [Member]
Liquidation Basis Of Accounting [Line Items]
Rents and reimbursements	$ 102,309
Hotel revenues	25,261
Property operating expenses	(27,006)
Hotel operating expense	(21,467)
Interest expense	(39,756)
General and administrative expenses	(40,124)
Capital expenditures	(8,274)
Sales costs	(69,524)
Liability for estimated costs in excess of estimated receipts during liquidation	$ (78,581)

Liability for Estimated Costs48

Liability for Estimated Costs in Excess of Estimated Receipts During Liquidation - Schedule of Changes in Liability for Estimated Costs in Excess of Estimated Receipts During Liquidation (Detail) - Liquidation Value [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)
Business Acquisition [Line Items]
Liability for estimated costs in excess of estimated receipts during liquidation, beginning balance	$ (78,581)
Net Change in Working Capital	(129,705)
Remeasurement of Assets and Liabilities	78,005
Consolidation	(58,906)
Deconsolidation	58,559
Liability for estimated costs in excess of estimated receipts during liquidation, ending balance	(27,228)
Assets [Member]
Business Acquisition [Line Items]
Estimated net inflows from investments in real estate	58,303
Net Change in Working Capital	(18,315)
Remeasurement of Assets and Liabilities	(72,190)
Consolidation	1,572
Deconsolidation	1,064
Estimated net inflows from investments in real estate, ending balance	3,920
Liability [Member]
Business Acquisition [Line Items]
Total liability for estimated costs, beginning balance	(136,884)
Net Change in Working Capital	111,390
Remeasurement of Assets and Liabilities	(5,815)
Consolidation	(57,334)
Deconsolidation	57,495
Total liability for estimated costs, ending balance	(31,148)
Liability [Member] | Sales Costs [Member]
Business Acquisition [Line Items]
Total liability for estimated costs, beginning balance	(69,524)
Net Change in Working Capital	46,752
Remeasurement of Assets and Liabilities	4,052
Consolidation	(57,334)
Deconsolidation	57,495
Total liability for estimated costs, ending balance	(18,559)
Liability [Member] | Corporate Expenditures [Member]
Business Acquisition [Line Items]
Total liability for estimated costs, beginning balance	(67,360)
Net Change in Working Capital	64,638
Remeasurement of Assets and Liabilities	(9,867)
Total liability for estimated costs, ending balance	$ (12,589)

Liability for Estimated Costs49

Liability for Estimated Costs in Excess of Estimated Receipts During Liquidation - Schedule of Changes in Liability for Estimated Costs in Excess of Estimated Receipts During Liquidation (Parenthetical) (Detail) - Worldwide Plaza [Member]	Dec. 31, 2017	Oct. 18, 2017	Jun. 01, 2017	Oct. 30, 2013
Business Acquisition [Line Items]
Ownership percentage	50.10%	48.70%		48.90%
Liquidation Value [Member]
Business Acquisition [Line Items]
Acquisition of an additional equity interest			49.90%
Ownership percentage	98.80%

Net Assets in Liquidation - Rec

Net Assets in Liquidation - Reconciliation of Equity under Going Concern Basis of Accounting (Detail) - USD ($) $ in Thousands	Jan. 01, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net Assets In Liquidation [Line Items]
Total Equity as of December 31, 2016		$ 941,669	$ 930,977	$ 1,034,740	$ 1,146,947
Parent [Member]
Net Assets In Liquidation [Line Items]
Total Equity as of December 31, 2016			941,669	$ 1,092,269	$ 1,195,677
Liquidation Value [Member]
Net Assets In Liquidation [Line Items]
Increase due to estimated net realizable value of investments in real estate	$ 382,985
Increase due to estimated net realizable value of investments in unconsolidated joint venture	319,548
Decrease due to write off of unbilled rent receivables	(52,620)
Increase due to write off of market lease intangibles	65,187
Decrease due to write-off of assets and liabilities	(25,262)
Liability for estimated costs in excess of estimated receipts during liquidation	(78,581)
Adjustment to reflect the change to the liquidation basis of accounting	611,257
Estimated value of net assets in liquidation as of January 1, 2017	$ 1,552,926	$ 833,113	$ 1,552,926

Net Assets in Liquidation - Sum

Net Assets in Liquidation - Summary of Change in Net Asset Value (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)
Reorganizations [Abstract]
Liquidating distribution to common stockholders	$ (515,541)
Difference between estimated liquidation value and actual sales price	(109,538)
Revised estimated liquidation value	(34,715)
Revised estimated costs, including defeasance costs	(52,217)
Adjustments for closing costs, debt costs and holding periods	(7,802)
Change in net asset value	$ (719,813)

Net Assets in Liquidation - Add

Net Assets in Liquidation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Jan. 26, 2018	Dec. 30, 2017	Dec. 31, 2017	Jan. 01, 2017	Dec. 31, 2016
Net Assets In Liquidation [Line Items]
Common stock, shares outstanding			167,066,364
Worldwide Plaza [Member]
Net Assets In Liquidation [Line Items]
Liquidation value of property			$ 1,725,000
Liquidation Value [Member]
Net Assets In Liquidation [Line Items]
Liquidating distributions per common share		$ 8.03	$ 4.96
Net assets in liquidation			$ 833,113	$ 1,552,926	$ 1,552,926
Liquidation Value [Member] | Worldwide Plaza [Member]
Net Assets In Liquidation [Line Items]
Percentage of property sold			48.70%
Scenario, Forecast [Member]
Net Assets In Liquidation [Line Items]
Liquidating distributions per common share	$ 2,000,000
Estimated future iquidating distributions per common share	$ 2,960,000
Common Stock [Member]
Net Assets In Liquidation [Line Items]
Common stock, shares outstanding					167,100,000
Common Stock [Member] | Liquidation Value [Member]
Net Assets In Liquidation [Line Items]
Common stock, shares outstanding			167,928,770
Liquidating distributions per common share		$ 3.07

Real Estate Investments - Addit

Real Estate Investments - Additional Information (Detail) - USD ($) $ in Thousands

Feb. 15, 2018

Jan. 25, 2018

Jan. 22, 2018

Dec. 19, 2017

Dec. 11, 2017

Dec. 07, 2017

Nov. 15, 2017

Nov. 09, 2017

Nov. 06, 2017

Oct. 11, 2017

Aug. 07, 2017

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Sep. 30, 2017

Jun. 30, 2017

Jan. 01, 2017

Real Estate Properties [Line Items]

Aggregate face amount

$ 267,900

Impairment charge

$ 27,911

50 Varick Street Office Property [Member]

Real Estate Properties [Line Items]

Payment of debt

78,100

245-249 West 17th Street and 218 West 18th Street [Member]

Real Estate Properties [Line Items]

Proceeds from sale of property

$ 514,100

Aggregate face amount

760,000

Payment of debt

347,900

Net proceeds from payment of debt

$ 146,200

Liquidation value of property

$ 514,100

$ 532,600

229 West 36th Street and 256 West 38th Street [Member]

Real Estate Properties [Line Items]

Proceeds from sale of property

$ 155,900

Aggregate face amount

760,000

Payment of debt

66,100

Net proceeds from payment of debt

58,800

Liquidation value of property

155,900

152,400

229 West 36th Street and 256 West 38th Street [Member] | NEW YORK

Real Estate Properties [Line Items]

Sale completion date

Nov. 6, 2017

229 West 36th Street and 256 West 38th Street [Member] | Mortgages [Member]

Real Estate Properties [Line Items]

Aggregate face amount

$ 24,500

1440 Broadway [Member]

Real Estate Properties [Line Items]

Proceeds from sale of property

$ 520,000

Net proceeds from payment of debt

192,900

Liquidation value of property

520,000

582,800

1440 Broadway [Member] | Mortgages [Member]

Real Estate Properties [Line Items]

Aggregate face amount

$ 305,000

333 West 34th Street [Member]

Real Estate Properties [Line Items]

Proceeds from sale of property

$ 255,000

Aggregate face amount

760,000

Payment of debt

110,600

Net proceeds from payment of debt

134,600

Liquidation value of property

$ 255,000

260,600

One Jackson Sq [Member]

Real Estate Properties [Line Items]

Proceeds from sale of property

31,000

Aggregate face amount

760,000

Payment of debt

13,000

Net proceeds from payment of debt

$ 16,500

Liquidation value of property

$ 31,000

28,900

One Jackson Sq [Member] | NEW YORK

Real Estate Properties [Line Items]

Sale completion date

Feb. 6, 2018

350 West 42nd Street [Member]

Real Estate Properties [Line Items]

Proceeds from sale of property

$ 25,100

Aggregate face amount

760,000

Payment of debt

11,300

Net proceeds from payment of debt

$ 12,600

Liquidation value of property

25,100

24,500

350 West 42nd Street [Member] | NEW YORK

Real Estate Properties [Line Items]

Sale completion date

Jan. 10, 2018

306 East 61st Street [Member]

Real Estate Properties [Line Items]

Proceeds from sale of property

$ 47,000

Net proceeds from payment of debt

26,500

Liquidation value of property

47,000

54,600

306 East 61st Street [Member] | Mortgages [Member]

Real Estate Properties [Line Items]

Aggregate face amount

$ 19,000

2091 Coney Island Avenue [Member]

Real Estate Properties [Line Items]

Proceeds from sale of property

$ 3,800

Payment of debt

$ 4,400

Liquidation value of property

3,800

3,800

2091 Coney Island Avenue [Member] | NEW YORK

Real Estate Properties [Line Items]

Sale completion date

Feb. 14, 2018

2091 Coney Island Avenue [Member] | Mortgages [Member]

Real Estate Properties [Line Items]

Aggregate face amount

$ 20,200

416 Washington Street [Member]

Real Estate Properties [Line Items]

Liquidation value of property

11,200

11,900

416 Washington Street [Member] | Subsequent Event [Member]

Real Estate Properties [Line Items]

Proceeds from sale of property

$ 11,200

416 Washington Street [Member] | Mortgages [Member] | Subsequent Event [Member]

Real Estate Properties [Line Items]

Aggregate face amount

760,000

Payment of debt

$ 5,500

2067 - 2073 Coney Island Avenue [Member]

Real Estate Properties [Line Items]

Liquidation value of property

30,500

30,300

2067 - 2073 Coney Island Avenue [Member] | Subsequent Event [Member]

Real Estate Properties [Line Items]

Proceeds from sale of property

$ 30,500

2067 - 2073 Coney Island Avenue [Member] | Mortgages [Member] | Subsequent Event [Member]

Real Estate Properties [Line Items]

Aggregate face amount

$ 15,900

350 Bleecker Street [Member]

Real Estate Properties [Line Items]

Proceeds from sale of property

$ 31,500

Liquidation value of property

31,500

49,800

350 Bleecker Street [Member] | Mortgages [Member]

Real Estate Properties [Line Items]

Aggregate face amount

760,000

Payment of debt

$ 21,100

Liquidation Value [Member]

Real Estate Properties [Line Items]

Contractual base cash payments, excluding reimbursements accrued

$ 63,400

Liquidation Value [Member] | 50 Varick Street Office Property [Member]

Real Estate Properties [Line Items]

Proceeds from sale of property

135,000

Liquidation value of property

$ 135,000

$ 137,500

Liquidation Value [Member] | 50 Varick Street Office Property [Member] | Mortgages [Member]

Real Estate Properties [Line Items]

Aggregate face amount

760,000

Payment of debt

78,100

Net proceeds from payment of debt

$ 49,100

Customer Concentration Risk [Member] | Sales Revenue, Services, Net [Member] | Minimum [Member]

Real Estate Properties [Line Items]

Major tenant rental income, as a percentage of total annualized rental income

10.00%

Customer Concentration Risk [Member] | Liquidation Value [Member] | Sales Revenue, Services, Net [Member] | Minimum [Member]

Real Estate Properties [Line Items]

Major tenant rental income, as a percentage of total annualized rental income

10.00%

Worldwide Plaza [Member]

Real Estate Properties [Line Items]

Major tenant rental income, as a percentage of total annualized rental income

50.10%

48.90%

48.90%

Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Viceroy Hotel [Member]

Real Estate Properties [Line Items]

Impairment charge

$ 27,900

Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Duane Reade [Member]

Real Estate Properties [Line Items]

Impairment charge

$ 900

Real Estate Investments - Summa

Real Estate Investments - Summary of Real Estate Properties Sold (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Real Estate Properties [Line Items]
Gain on Sale	$ 38,000
Gain on Sale	$ 6,630	$ 7,523
Duane Reade [Member]
Real Estate Properties [Line Items]
Disposition Date	Feb. 2, 2016
Gain on Sale	$ 12,600
Gain on Sale	$ 126
1623 Kings Highway [Member]
Real Estate Properties [Line Items]
Disposition Date	Feb. 17, 2016
Gain on Sale	$ 17,000
Gain on Sale	$ 4,293
Foot Locker [Member]
Real Estate Properties [Line Items]
Disposition Date	Mar. 30, 2016
Gain on Sale	$ 8,400
Gain on Sale	$ 2,211

Real Estate Investments - Sum55

Real Estate Investments - Summary of Real Estate Properties Sold (Parenthetical) (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)Mortgages	Dec. 31, 2015USD ($)
Real Estate Properties [Line Items]
Number of mortgages repaid | Mortgages	3
Repayment of mortgage notes payable	$ (19,175)	$ (88,806)
Impairment charge	$ 27,911
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Duane Reade [Member]
Real Estate Properties [Line Items]
Impairment charge		$ 900

Real Estate Investments - Sched

Real Estate Investments - Schedule of Future Minimum Rental Payments for Operating Leases (Detail) - Liquidation Value [Member] $ in Thousands	Dec. 31, 2017USD ($)
Property Subject to or Available for Operating Lease [Line Items]
2,018	$ 27,965
2,019	27,053
2,020	27,243
2,021	22,948
2,022	20,768
Thereafter	72,933
Total	$ 198,910

Real Estate Investments - Sch57

Real Estate Investments - Schedule of Annualized Rental Income by Major Tenants (Detail) - Worldwide Plaza [Member]	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenue, Major Customer [Line Items]
Percentage of total annualized rental income	50.10%	48.90%	48.90%
Cravath, Swaine & Moore LLP [Member]
Revenue, Major Customer [Line Items]
Percentage of total annualized rental income		16.00%	16.00%
Cravath, Swaine & Moore LLP [Member] | Liquidation Value [Member]
Revenue, Major Customer [Line Items]
Percentage of total annualized rental income	17.00%
Nomura Holdings America, Inc [Member]
Revenue, Major Customer [Line Items]
Percentage of total annualized rental income		11.00%	11.00%
Nomura Holdings America, Inc [Member] | Liquidation Value [Member]
Revenue, Major Customer [Line Items]
Percentage of total annualized rental income	11.00%

Real Estate Investments - Sch58

Real Estate Investments - Schedule of Annualized Rental Income by Major Tenants (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Worldwide Plaza [Member]
Revenue, Major Customer [Line Items]
Percentage of total annualized rental income	50.10%	48.90%	48.90%

Real Estate Investments - Sch59

Real Estate Investments - Schedule of Finite-Lived Intangible Assets (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Finite-Lived Intangible Assets [Line Items]
Total acquired intangible assets, Gross Carrying Amount	$ 132,348
Below-market leases	75,484
Total market lease intangibles, Gross Carrying Amount	93,452
Total acquired intangible assets, Accumulated Amortization	42,431
Below-market leases	26,864
Total market lease intangibles, Accumulated Amortization	28,265
Total acquired intangible assets, Net Carrying Amount	89,917
Below-market leases	48,620
Total market lease intangibles, Net Carrying Amount	65,187
In-place Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Total acquired intangible assets, Gross Carrying Amount	108,253
Total acquired intangible assets, Accumulated Amortization	36,645
Total acquired intangible assets, Net Carrying Amount	71,608
Other Intangibles [Member]
Finite-Lived Intangible Assets [Line Items]
Total acquired intangible assets, Gross Carrying Amount	3,804
Total acquired intangible assets, Accumulated Amortization	750
Total acquired intangible assets, Net Carrying Amount	3,054
Above-market ground Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Total acquired intangible assets, Gross Carrying Amount	20,291
Total acquired intangible assets, Accumulated Amortization	5,036
Total acquired intangible assets, Net Carrying Amount	15,255
Above-market Ground Lease Liability [Member]
Finite-Lived Intangible Assets [Line Items]
Total market lease intangibles, Gross Carrying Amount	17,968
Total market lease intangibles, Accumulated Amortization	1,401
Total market lease intangibles, Net Carrying Amount	$ 16,567

Real Estate Investments - Finit

Real Estate Investments - Finite-lived Intangible Assets Amortization Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Rental Income [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization and (accretion) of above- and below-market leases, net	$ (6,018)	$ (7,917)
In Place Leases and Other Intangibles [Member] | Depreciation and Amortization Expense [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of above-market ground lease	10,986	19,757
Above-market ground Leases [Member] | Property Operating Expense [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of above-market ground lease	$ (449)	$ (449)

Investment in Unconsolidated 61

Investment in Unconsolidated Joint Venture - Additional Information (Detail) - USD ($) $ in Thousands	Oct. 18, 2017	Jun. 01, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Oct. 30, 2013
Schedule of Equity Method Investments [Line Items]
Mortgage notes payable			$ 1,107,526	$ 1,130,000
Cash received from sale and excess proceeds from financing				(1,039)	$ (519)
Investment in unconsolidated joint venture			$ 190,585
Property selling percentage			100.00%
Option to purchase percentage of property			100.00%
Property purchase option period			45 days
Re-offer property selling percentage			92.50%
Worldwide Plaza [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	48.70%		50.10%			48.90%
Aggregate cost						$ 220,100
Agreed upon value						1,300,000
Notes payable			$ 1,213,193	893,433		875,000
Liquidation value of property			1,725,000
Debt refinance amount	$ 1,200,000
Cash received from sale and excess proceeds from financing	446,500
Defeasance and prepayment costs	108,300		$ 108,090
Set aside amount	$ 90,700
Debt blended rate	3.98%
Maturity date			2027-11
Difference between carrying amount and underlying equity				221,200		$ 260,600
Investment in unconsolidated joint venture				$ 190,600
Worldwide Plaza [Member] | SL Green Realty Corp. and RXR Realty LLC [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	48.70%
Liquidation value of property	$ 1,725,000
Liquidation Value [Member]
Schedule of Equity Method Investments [Line Items]
Mortgage notes payable			$ 215,494
Investment in unconsolidated joint venture			$ 257,634
Liquidation Value [Member] | Worldwide Plaza [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage			98.80%
Aggregate cost		$ 276,700
Additional acquire percentage		49.90%
Purchase obligation		$ 1,400,000
Mortgage notes payable		$ 875,000
Joint venture partner's right to maintain minimum ownership percentage		1.20%

Investment in Unconsolidated 62

Investment in Unconsolidated Joint Venture - Consolidated Balance Sheet (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Oct. 30, 2013
Schedule of Equity Method Investments [Line Items]
Real estate assets, at cost	$ 1,785,671
Less accumulated depreciation and amortization	(210,738)
Total real estate assets, net	1,574,933
Cash and cash equivalents	45,536	$ 45,536	$ 98,604	$ 22,512
Total Assets	2,152,380
Total liabilities	1,210,711
Deficit	(515,073)
Total liabilities and equity	2,152,380
Worldwide Plaza [Member]
Schedule of Equity Method Investments [Line Items]
Real estate assets, at cost	745,040	744,737
Less accumulated depreciation and amortization	(162,283)	(141,395)
Total real estate assets, net	582,757	603,342
Cash and cash equivalents	15,964	2,339
Other assets	218,461	231,734
Total Assets	817,182	837,415
Debt	1,213,193	893,433			$ 875,000
Other liabilities	126,142	116,281
Total liabilities	1,339,335	1,009,714
Deficit	(522,153)	(172,299)
Total liabilities and equity	$ 817,182	$ 837,415

Investment in Unconsolidated 63

Investment in Unconsolidated Joint Venture - Condensed Income Statement (Detail) - USD ($) $ in Thousands	Oct. 18, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]
Rental income											$ 119,666	$ 129,118
Operating expenses:
Operating expenses											43,561	43,752
Depreciation and amortization											68,952	82,716
Total operating expenses											213,029	195,415
Operating income											(52,755)	(20,894)
Interest expense											(40,193)	(29,362)
Net loss allocated to non-controlling interest											(1,373)	(1,188)
Net income (loss)		$ (26,202)	$ (45,267)	$ (11,540)	$ 487	$ (8,508)	$ (13,075)	$ (8,982)	$ (8,516)		(82,526)	(39,081)
Company's share of net loss from Worldwide Plaza											2,724	1,939
Company's income (loss) from Worldwide Plaza											2,724	1,939
Worldwide Plaza [Member]
Schedule of Equity Method Investments [Line Items]
Rental income										$ 137,181	135,571	132,483
Operating expenses:
Operating expenses										57,374	53,007	52,401
Depreciation and amortization										27,935	28,223	27,488
Total operating expenses										85,309	81,230	79,889
Operating income										51,872	54,341	52,594
Interest expense										(70,269)	(61,669)	(60,212)
Prepayment and defeasance of mortgage	$ (108,300)									(108,090)
Net loss allocated to non-controlling interest										(22,126)	(20,695)	(20,348)
Net income (loss)										$ (104,361)	13,367	12,730
Company's preferred return											15,948	15,736
Company's share of net loss from Worldwide Plaza											(1,262)	(1,470)
Amortization of basis difference											$ (11,962)	$ (12,327)

Mortgage Notes Payable - Additi

Mortgage Notes Payable - Additional Information (Detail) - USD ($)	Jan. 01, 2018	Dec. 20, 2017	Nov. 06, 2017	Oct. 11, 2017	Aug. 07, 2017	Aug. 01, 2017	Dec. 31, 2017	Dec. 20, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 20, 2016
Debt Instrument [Line Items]
Outstanding loan amount							$ 1,107,526,000		$ 1,130,000,000
Aggregate face amount					$ 267,900,000
Repayment of mortgage notes payable									19,175,000	$ 88,806,000
50 Varick Street Office Property [Member]
Debt Instrument [Line Items]
Payment of debt					78,100,000
245-249 West 17th Street and 218 West 18th Street [Member]
Debt Instrument [Line Items]
Aggregate face amount				$ 760,000,000
Payment of debt				$ 347,900,000
229 West 36th Street [Member]
Debt Instrument [Line Items]
Payment of debt			$ 66,100,000
Mortgages [Member]
Debt Instrument [Line Items]
Outstanding loan amount							215,494,000		1,129,080,000
Mortgages [Member] | 333 West 34th Street, 350 West 42nd Street and 122 Greenwich Street [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Payment of debt	$ 134,900,000
Liquidation Value [Member]
Debt Instrument [Line Items]
Outstanding loan amount							215,494,000
Percentage of outstanding mortgage loan payable under contract for sale						133.00%
Guarantee agreements, required minimum net worth to be reduced pro rata once outstanding debt of the loan is less than							300,000,000
Guarantee agreements, required minimum net worth							150,000,000
Guarantee agreements, required minimum market value of liquid assets before reduction due to repayment of debt							25,000,000
Guarantee agreements, required minimum market value of liquid assets after reduction due to debt repayment							15,000,000
Guarantee agreements, outstanding debt threshold requirement for reduction of liquid asset requirement							100,000,000
Minimum net worth requirement							176,200,000
Minimum liquidity requirement							25,000,000
Liquidation Value [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Outstanding loan amount							215,494,000
Liquidation Value [Member] | Mortgages [Member] | 50 Varick Street Office Property [Member]
Debt Instrument [Line Items]
Aggregate face amount					760,000,000
Payment of debt					$ 78,100,000
Liquidation Value [Member] | Credit Facility [Member]
Debt Instrument [Line Items]
Repayments of Long-term Debt							485,000,000
Mortgage Loan [Member]
Debt Instrument [Line Items]
Outstanding loan amount							176,200,000
Mortgage Loan [Member] | Extended Maturity [Member]
Debt Instrument [Line Items]
Mortgage loan extended maturity date								Sep. 30, 2018
Mortgage loan extension fee		$ 400,000						$ 400,000
Mortgage Loan [Member] | LIBOR [Member] | Extended Maturity [Member]
Debt Instrument [Line Items]
Basis spread on variable rate								3.50%
Mortgage Loan [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Outstanding loan amount							176,200,000		500,000,000
Aggregate face amount											$ 500,000,000
Mortgage Loan [Member] | Liquidation Value [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Outstanding loan amount							$ 176,246,000
Prepayment requirement for release of collateral, percentage of the allocated amount of collateral							110.00%
Mortgage Loan [Member] | Liquidation Value [Member] | Mortgages [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable rate							2.38%
Variable interest rate cap							3.00%
Mezzanine Loan [Member]
Debt Instrument [Line Items]
Repayment of mortgage notes payable		$ 91.6
Mezzanine Loan [Member] | Mortgages [Member]
Debt Instrument [Line Items]
Outstanding loan amount									$ 260,000,000
Aggregate face amount											$ 260,000,000
Mezzanine Loan [Member] | Liquidation Value [Member] | Mortgages [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable rate							5.65%
Variable interest rate cap							3.00%

Mortgage Notes Payable - Schedu

Mortgage Notes Payable - Schedule of Mortgage Notes Payable (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Jan. 01, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Outstanding loan amount	$ 1,107,526		$ 1,130,000
Mortgage Loan [Member]
Debt Instrument [Line Items]
Outstanding loan amount	176,200
Liquidation Value [Member]
Debt Instrument [Line Items]
Outstanding loan amount	215,494
Less: deferred financing costs, net		$ 0
Mortgages [Member]
Debt Instrument [Line Items]
Outstanding loan amount	215,494		1,129,080
Less: deferred financing costs, net			(21,554)
Mortgage notes payable, net of deferred financing costs			1,107,526
Mortgages [Member] | Mortgage Loan [Member]
Debt Instrument [Line Items]
Outstanding loan amount	176,200		500,000
Mortgages [Member] | 1100 Kings Highway [Member]
Debt Instrument [Line Items]
Outstanding loan amount			20,200
Mortgages [Member] | Design Center [Member]
Debt Instrument [Line Items]
Outstanding loan amount			19,380
Mortgages [Member] | Mezzanine Loan [Member]
Debt Instrument [Line Items]
Outstanding loan amount			260,000
Mortgages [Member] | 256 West 38th Street [Member]
Debt Instrument [Line Items]
Outstanding loan amount			24,500
Mortgages [Member] | 1440 Broadway [Member]
Debt Instrument [Line Items]
Outstanding loan amount			$ 305,000
Mortgages [Member] | Liquidation Value [Member]
Debt Instrument [Line Items]
Outstanding loan amount	$ 215,494
Effective interest rate	5.10%
Mortgages [Member] | Liquidation Value [Member] | Mortgage Loan [Member]
Debt Instrument [Line Items]
Encumbered properties	8,000
Outstanding loan amount	$ 176,246
Effective interest rate	5.10%
Mortgages [Member] | Liquidation Value [Member] | 1100 Kings Highway [Member]
Debt Instrument [Line Items]
Encumbered properties	1,000
Outstanding loan amount	$ 20,200
Effective interest rate	4.00%
Mortgages [Member] | Liquidation Value [Member] | Design Center [Member]
Debt Instrument [Line Items]
Encumbered properties	1,000
Outstanding loan amount	$ 19,048
Effective interest rate	7.00%

Mortgage Notes Payable - Sche66

Mortgage Notes Payable - Schedule Of Aggregate Future Principal Payments On Mortgage Notes Payable (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Total	$ 1,107,526	$ 1,130,000
Mortgages [Member]
Debt Instrument [Line Items]
2,018	196,800
2,019	376
2,020	401
2,021	17,917
Total	$ 215,494	$ 1,129,080

Subordinated Listing Distribu67

Subordinated Listing Distribution - Additional Information (Detail) - USD ($) $ in Millions	Nov. 21, 2014	Dec. 31, 2017	Dec. 31, 2014
Listing Distribution Derivative [Line Items]
Value of listing note expense			$ 33.5
Excess of Adjusted Market Value of Real Estate Assets Plus Distributions Over Aggregate Contributed Investor Capital [Member] | New York Recovery Advisors, LLC [Member] | Advisor [Member]
Listing Distribution Derivative [Line Items]
Subordinated incentive listing distribution		15.00%
Annual Targeted Investor Return [Member] | Pre-tax Non-compounded Return on Capital Contribution [Member] | New York Recovery Advisors, LLC [Member] | Advisor [Member]
Listing Distribution Derivative [Line Items]
Cumulative capital investment return		6.00%
Minimum [Member]
Listing Distribution Derivative [Line Items]
Average market value of stock for listing period		180 days
Maximum [Member]
Listing Distribution Derivative [Line Items]
Average market value of stock for listing period		210 days
Class B Units [Member] | New York Recovery Advisors, LLC [Member]
Listing Distribution Derivative [Line Items]
Limited partner ownership unit capital	3,062,512

Fair Value of Financial Instr68

Fair Value of Financial Instruments - Schedule of Fair Value, Liabilities Measured on Recurring Basis (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, net	$ 91
Fair Value, Measurements, Recurring [Member] | Derivatives, Net [Member] | Significant Other Observable Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, net	$ 91

Fair Value of Financial Instr69

Fair Value of Financial Instruments - Fair Value, by Balance Sheet Grouping (Detail) - Significant Unobservable Inputs Level 3 [Member] - Mortgages [Member] - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage notes payable	$ 215,494	$ 1,129,080
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage notes payable	$ 216,850	$ 1,138,576

Interest Rate Derivatives and70

Interest Rate Derivatives and Hedging Activities - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2017	Jan. 01, 2017
Derivative [Line Items]
Derivative financial instruments	$ 91,000
Interest Rate Cap [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Gain (loss) on hedging activity	$ (300,000)
Derivatives, Net [Member]
Derivative [Line Items]
Derivatives outstanding		$ 0
Liquidation Value [Member]
Derivative [Line Items]
Derivative financial instruments			$ 0

Interest Rate Derivatives and71

Interest Rate Derivatives and Hedging Activities - Schedule of Interest Rate Derivatives (Detail)	Dec. 31, 2016USD ($)Derivative
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest Rate Swaps [Member]
Derivative [Line Items]
Number of Instruments | Derivative	2
Notional Amount | $	$ 44,700,000
Interest Rate Cap [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Number of Instruments | Derivative	4
Notional Amount | $	$ 1,065,000,000

Interest Rate Derivatives and72

Interest Rate Derivatives and Hedging Activities - Schedule of Derivative Instruments in Statement of Financial Position, Fair Value (Detail) - Cash Flow Hedging [Member] $ in Thousands	Dec. 31, 2016USD ($)
Interest Rate Cap [Member] | Not Designated as Hedging Instrument [Member] | Derivative Financial Instruments, Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative assets, at fair value	$ 165
Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member] | Derivative Financial Instruments, Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities, at fair value	$ (74)

Interest Rate Derivatives and73

Interest Rate Derivatives and Hedging Activities - Schedule of Income (Loss) Recognized on Interest Rate Derivatives Designated as Cash Flow Hedges (Detail) - Derivatives, Net [Member] - Cash Flow Hedging [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Amount of loss recognized in accumulated other comprehensive loss from interest rate derivatives (effective portion)	$ (742)	$ (2,344)
Amount of loss recognized in loss on derivative instruments (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing)	(1)	(4)
Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of loss reclassified from accumulated other comprehensive loss into income as interest expense (effective portion)	$ (1,266)	$ (2,167)

Interest Rate Derivatives and74

Interest Rate Derivatives and Hedging Activities - Schedule of Offsetting Derivative Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gross Amounts of Recognized Assets		$ 165
Gross Amounts of Recognized Liabilities	$ (74)	(74)
Potential Net Amounts of Assets (Liabilities) Presented on the Balance Sheet		91
Gross Amounts Not Offset on the Balance Sheet, Financial Instruments		0
Gross Amounts Not Offset on the Balance Sheet, Cash Collateral Posted		0
Net Amount		$ 91

Common Stock - Additional Infor

Common Stock - Additional Information (Detail) - $ / shares	Jan. 26, 2018	Jan. 03, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Oct. 31, 2016
Class of Stock [Line Items]
Common stock, shares outstanding			167,066,364
Monthly annualized dividend declared				$ 0.38	$ 0.46	$ 0.46
Monthly annualized dividend paid						$ 0.46
Aggregate liquidating distributions per share			$ 3.07
Subsequent Event [Member]
Class of Stock [Line Items]
Cash liquidating distribution per share	$ 2
Common Stock [Member]
Class of Stock [Line Items]
Common stock, shares outstanding				167,100,000
Operating Partnership Unit [Member]
Class of Stock [Line Items]
Shares redeemed				3,336,430
Liquidation Value [Member] | Common Stock [Member]
Class of Stock [Line Items]
Common stock, shares outstanding			167,928,770
Liquidation Value [Member] | Operating Partnership Unit [Member]
Class of Stock [Line Items]
Shares redeemed		841,660
Outstanding units			0
Liquidation Value [Member] | LTIP Units [Member]
Class of Stock [Line Items]
Outstanding units vested			0
Conversion To Operating Partnership Units [Member] | Liquidation Value [Member] | Common Stock [Member]
Class of Stock [Line Items]
Shares issued		841,660

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Future Minimum Rental Payments for Operating Leases (Detail) - Liquidation Value [Member] $ in Thousands	Dec. 31, 2017USD ($)
Operating leases
2018, Ground Leases	$ 5,175
2019, Ground Leases	5,432
2020, Ground Leases	5,432
2021, Ground Leases	5,633
2022, Ground Leases	5,914
Thereafter, Ground Leases	238,138
Total minimum lease payments	$ 265,724

Commitments and Contingencies77

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2017
Loss Contingencies [Line Items]
Rent expense	$ 7.6	$ 7.6
Interest expense	$ 0.1	$ 0.1
Liability for Estimated Costs In Excess of Estimated Receipts [Member] | Liquidation Value [Member]
Loss Contingencies [Line Items]
Future minimum base rent payments related to ground lease accrued			$ 2.5

Commitments and Contingencies78

Commitments and Contingencies - Schedule of Capital Leased Assets (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Capital Leases, Balance Sheet, Assets by Major Class, Net [Abstract]
Buildings, fixtures and improvements	$ 11,785
Less accumulated depreciation and amortization	(2,273)
Total real estate investments, net	$ 9,512

Related Party Transactions an79

Related Party Transactions and Arrangements - Schedule of Related Party Transactions (Detail) - Affiliated Entity [Member] - Viceroy Hotel [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Hotel revenues		$ 36
Liquidation Value [Member]
Related Party Transaction [Line Items]
Hotel revenues	$ 5

Related Party Transactions an80

Related Party Transactions and Arrangements - Additional Information (Detail)	Feb. 28, 2017USD ($)	Oct. 23, 2016USD ($)Directorshares	Mar. 31, 2017USD ($)$ / shares	Dec. 31, 2017USD ($)shares	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Mar. 07, 2017USD ($)	Mar. 01, 2017USD ($)	Dec. 21, 2016USD ($)	Oct. 22, 2016Director
Related Party Transaction [Line Items]
Minimum bonus as a percentage of prior year bonus				75.00%
Number of directors | Director		9								6
Advisor [Member]
Related Party Transaction [Line Items]
Total reimbursements of costs and expense					$ 2,700,000	$ 800,000
Escrow deposit for Advisor bonuses									$ 700,000
Retention bonus payable, percentage of prior year bonus				66.67%
Escrow account amount disbursed			$ 700,000
Advisor [Member] | Property Disposition Fees [Member]
Related Party Transaction [Line Items]
Fees paid to related parties					$ 200,000	$ 200,000
Service Provider and Affiliates [Member]
Related Party Transaction [Line Items]
Required share holdings by Service Provider and Affiliates | shares		1,000,000		1,000,000
WW Investors [Member]
Related Party Transaction [Line Items]
Maximum expense reimbursement		$ 500,000
Liquidation Value [Member] | Advisor [Member]
Related Party Transaction [Line Items]
Asset management fees as a percentage of benchmark							0.50%
Cost of assets maximum							$ 3,000,000,000
Liquidation Value [Member] | Advisor [Member] | Advisory and Consulting Fee [Member]
Related Party Transaction [Line Items]
Fees paid to related parties	$ 1,000,000
Liquidation Value [Member] | Service Provider and Affiliates [Member]
Related Party Transaction [Line Items]
Asset management fees as a percentage of benchmark								0.325%
Cost of assets maximum								$ 3,000,000,000
Asset management fees earned above								0.25%
Incentive fee, percentage of excess of hurdle amount			10.00%
Hurdle amount (in dollars per share) | $ / shares			$ 11
Property management fees as a percentage of gross revenue			1.75%
Liquidation Value [Member] | Winthrop Advisor and its Affiliates [Member]
Related Party Transaction [Line Items]
Fees paid to related parties				$ 8,487,000
Asset management fees payable				17,000
Liquidation Value [Member] | Winthrop Advisor and its Affiliates [Member] | Asset Management Fees [Member]
Related Party Transaction [Line Items]
Fees paid to related parties				8,008,000
Asset management fees payable				3,600,000
Asset management fees payable current				$ 2,200,000
Average Invested Assets [Member] | Liquidation Value [Member] | Advisor [Member]
Related Party Transaction [Line Items]
Cost of assets maximum							$ 3,000,000,000
Asset management fees earned above							0.40%
Gross Revenue, Multi-tenant Properties [Member] | Liquidation Value [Member] | Advisor [Member]
Related Party Transaction [Line Items]
Property management fees as a percentage of benchmark							4.00%
Gross Revenue, Multi-tenant Properties [Member] | Liquidation Value [Member] | Advisor [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Oversight fees as a percentage of benchmark							1.00%
Contract Sales Price [Member] | Advisor [Member]
Related Party Transaction [Line Items]
Real estate commission earned by related party				2.00%
Contract Sales Price [Member] | Advisor [Member] | Brokerage Commission Fees [Member]
Related Party Transaction [Line Items]
Real estate commission earned by related party				50.00%
Contract Sales Price [Member] | Advisor [Member] | Real Estate Commissions [Member]
Related Party Transaction [Line Items]
Real estate commission earned by related party				6.00%
Contract Sales Price [Member] | Advisor [Member] | Maximum [Member] | Brokerage Commission Fees [Member]
Related Party Transaction [Line Items]
Real estate commission earned by related party				50.00%

Related Party Transactions an81

Related Party Transactions and Arrangements - Schedule of Amount Incurred and Paid in Connection With Operation Related Services (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Winthrop Advisor and its Affiliates [Member] | Liquidation Value [Member]
Related Party Transaction [Line Items]
Expenses incurred	$ 8,487
Payable (Receivable)	17
Winthrop Advisor and its Affiliates [Member] | Liquidation Value [Member] | Asset Management Fees [Member]
Related Party Transaction [Line Items]
Expenses incurred	8,008
Payable (Receivable)	3,600
Winthrop Advisor and its Affiliates [Member] | Liquidation Value [Member] | Property Management Fees [Member]
Related Party Transaction [Line Items]
Expenses incurred	479
Payable (Receivable)	17
Former Advisor and its Affiliates [Member]
Related Party Transaction [Line Items]
Expenses incurred		$ 17,201	$ 16,781
Payable (Receivable)		455
Expenses waived		994	2,603
Former Advisor and its Affiliates [Member] | Asset Management Fees [Member]
Related Party Transaction [Line Items]
Expenses incurred		12,293	12,465
Payable (Receivable)		51
Former Advisor and its Affiliates [Member] | Property Management Fees [Member]
Related Party Transaction [Line Items]
Expenses incurred		2,046	2,603
Payable (Receivable)		105
Expenses waived		994	2,603
Former Advisor and its Affiliates [Member] | Transfer Agent and Other Professional Fees [Member]
Related Party Transaction [Line Items]
Expenses incurred		2,862	$ 1,713
Payable (Receivable)		$ 299
Former Advisor and its Affiliates [Member] | Liquidation Value [Member]
Related Party Transaction [Line Items]
Expenses incurred	3,313
Former Advisor and its Affiliates [Member] | Liquidation Value [Member] | Asset Management Fees [Member]
Related Party Transaction [Line Items]
Expenses incurred	2,339
Former Advisor and its Affiliates [Member] | Liquidation Value [Member] | Property Management Fees [Member]
Related Party Transaction [Line Items]
Expenses incurred	560
Former Advisor and its Affiliates [Member] | Liquidation Value [Member] | Transfer Agent and Other Professional Fees [Member]
Related Party Transaction [Line Items]
Expenses incurred	$ 414

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	Apr. 15, 2017	Dec. 26, 2016	Apr. 15, 2016	Apr. 15, 2015	Apr. 15, 2014	Feb. 28, 2015	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	May 09, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-cash compensation expense									$ 0.7	$ 1.1
LTIP Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
LTIP units were converted to common stock		$ 10.08
LTIP units converted into common stock, Share		1,172,739
Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options issued									0
Unvested Restricted Shares [Member] | Restricted Share Plan [Member] | Advisor [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period								4 years
Granted						279,365
Forfeited						79,805
Share-based payment award, award vesting rights								25.00%
Unvested Restricted Shares [Member] | Restricted Share Plan [Member] | Interim Chief Financial Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted							30,000
Performance Shares [Member] | LTIP Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
OPP units issued					8,880,579
New Multi-Year Outperformance Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Company's market capitalization percentage					5.00%
One-Year Period [Member] | Performance Shares [Member] | New Multi-Year Outperformance Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted				367,059
Two-Year Period [Member] | Performance Shares [Member] | New Multi-Year Outperformance Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted			805,679
Liquidation Value [Member] | Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized								500,000
Stock options issued								0
Liquidation Value [Member] | Unvested Restricted Shares [Member] | Restricted Share Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted									46,979
Forfeited								22,979
Liquidation Value [Member] | Performance Shares [Member] | LTIP Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of shares of common stock remaining units											7,664,156
Liquidation Value [Member] | Three -Year Period [Member] | Performance Shares [Member] | New Multi-Year Outperformance Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted	43,685
Director [Member] | Liquidation Value [Member] | Unvested Restricted Shares [Member] | Restricted Share Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum percent of awards as a percent of total outstanding								10.00%
Vesting period								3 years
Vesting percentage								33.30%

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Restricted Share Award Activity (Detail) - Unvested Restricted Shares [Member] - Liquidation Value [Member] - Restricted Share Plan [Member] - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Restricted Shares, Beginning balance	268,780	316,570
Number of Restricted Shares, Granted		46,979
Number of Restricted Shares, Vested	(177,513)	(94,769)
Number of Restricted Shares, Forfeited	(22,979)
Number of Restricted Shares, Ending balance	68,288	268,780
Weighted-Average Issue Price, Beginning balance	$ 10.50	$ 10.59
Weighted-Average Issue Price, Granted		10.11
Weighted-Average Issue Price, Vested	10.45	10.59
Weighted-Average Issue Price, Forfeited	10.30
Weighted-Average Issue Price, Beginning balance	$ 10.32	$ 10.50

Share-Based Compensation - Sc84

Share-Based Compensation - Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Performance-Based Units, Performance Schedule (Detail) - Liquidation Value [Member] - Performance Shares [Member] - New Multi-Year Outperformance Plan [Member]	Dec. 31, 2017
Performance Period [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Return if total stockholder return attained above an absolute hurdle measured from the beginning of such period:	21.00%
100% will be earned if total stockholder return achieved is at least:	18.00%
50% will be earned if total stockholder return achieved is:	0.00%
0% will be earned if total stockholder return achieved is less than:	0.00%
Annual Period [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Return if total stockholder return attained above an absolute hurdle measured from the beginning of such period:	7.00%
100% will be earned if total stockholder return achieved is at least:	6.00%
50% will be earned if total stockholder return achieved is:	0.00%
0% will be earned if total stockholder return achieved is less than:	0.00%
Interim Period [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Return if total stockholder return attained above an absolute hurdle measured from the beginning of such period:	14.00%
100% will be earned if total stockholder return achieved is at least:	12.00%
50% will be earned if total stockholder return achieved is:	0.00%
0% will be earned if total stockholder return achieved is less than:	0.00%
Minimum [Member] | Relative Component Cumulative Return Above Threshold [Member] | Performance Period [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Return percentage threshold	0.00%
Minimum [Member] | Relative Component Cumulative Return Above Threshold [Member] | Annual Period [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Return percentage threshold	0.00%
Minimum [Member] | Relative Component Cumulative Return Above Threshold [Member] | Interim Period [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Return percentage threshold	0.00%
Maximum [Member] | Relative Component Cumulative Return Above Threshold [Member] | Performance Period [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Return percentage threshold	18.00%
Maximum [Member] | Relative Component Cumulative Return Above Threshold [Member] | Annual Period [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Return percentage threshold	6.00%
Maximum [Member] | Relative Component Cumulative Return Above Threshold [Member] | Interim Period [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Return percentage threshold	12.00%

Share-Based Compensation - Sc85

Share-Based Compensation - Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Performance-Based Units, Performance Schedule (Parenthetical) (Detail) - Performance Shares [Member] - New Multi-Year Outperformance Plan [Member] - Liquidation Value [Member]	Dec. 31, 2017
Relative Component Cumulative Return Above Threshold [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares awarded as a percentage of maximum	100.00%
Absolute Component Excess Return Above Peer Group [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized, percentage of benchmark	4.00%
Relative Component Excess Return Above Threshold [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized, percentage of benchmark	4.00%
Relative Component Cumulative Return Equal to Threshold [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares awarded as a percentage of maximum	50.00%
Relative Component Cumulative Return Below Threshold [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares awarded as a percentage of maximum	0.00%

Share-Based Compensation - Sc86

Share-Based Compensation - Schedule of Fair Value, Liabilities Measured on Recurring Basis (Detail) - Fair Value, Measurements, Recurring [Member] - Multi-year Outperformance Plan [Member] $ in Thousands	Dec. 31, 2016USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OPP	$ 5,457
Significant Unobservable Inputs Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OPP	$ 5,457

Share-Based Compensation - Fair

Share-Based Compensation - Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation (Detail) - Share Based Compensation Liability [Member] - Multi-year Outperformance Plan [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning Balance	$ 43,500
Fair value adjustment	(26,222)
Ending Balance	$ 17,278

Share-Based Compensation - Fa88

Share-Based Compensation - Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques (Detail) - Share Based Compensation Liability [Member] - Fair Value, Measurements, Recurring [Member] - Monte Carlo Simulation [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
OPP	$ 5,457
Expected volatility	28.00%

Accumulated Other Comprehensi89

Accumulated Other Comprehensive Income (Loss) - Summary of Changes in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 1,034,740	$ 1,146,947
Other comprehensive loss, before reclassifications	(742)	(2,481)
Amounts reclassified from accumulated other comprehensive income (loss)	1,266	2,060
Net current-period other comprehensive income	524	(421)
Ending Balance	930,977	1,034,740
Unrealized Gains on Available-for-Sale Comprehensive Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance		244
Other comprehensive loss, before reclassifications		(137)
Amounts reclassified from accumulated other comprehensive income (loss)		(107)
Net current-period other comprehensive income		(244)
Change in Unrealized Gain (Loss) on Derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(1,237)	(1,060)
Other comprehensive loss, before reclassifications	(742)	(2,344)
Amounts reclassified from accumulated other comprehensive income (loss)	1,266	2,167
Net current-period other comprehensive income	524	(177)
Ending Balance	(713)	(1,237)
Total Accumuilated Other Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(1,237)	(816)
Ending Balance	$ (713)	$ (1,237)

Earnings Per Share - Summary of

Earnings Per Share - Summary of Basic and Diluted Net Loss Per Share Computations (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Earnings Per Share [Abstract]
Basic and diluted net loss attributable to stockholders	$ (26,202)	$ (45,267)	$ (11,540)	$ 487	$ (8,508)	$ (13,075)	$ (8,982)	$ (8,516)	$ (82,526)	$ (39,081)
Weighted average shares outstanding, basic and diluted	165,692,013	165,384,074	164,835,872	163,872,612	162,208,672	162,203,065	162,156,470	162,092,424	164,949,461	162,165,580
Net loss per share attributable to stockholders, basic and diluted	$ (0.16)	$ (0.27)	$ (0.07)		$ (0.05)	$ (0.08)	$ (0.06)	$ (0.05)	$ (0.50)	$ (0.24)

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Detail) - shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive common share equivalents	8,818,281	13,375,239
Unvested Restricted Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive common share equivalents	268,780	316,570
OP Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive common share equivalents	841,660	4,178,090
LTIP Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive common share equivalents	7,707,841	8,880,579

Non-Controlling Interests - Add

Non-Controlling Interests - Additional Information (Detail) - USD ($) $ in Millions	Jan. 03, 2017	Dec. 31, 2016	Dec. 31, 2015
Advisor [Member]
Noncontrolling Interest [Line Items]
Distributions to non-controlling interest holders			$ 2.6
OP Units [Member] | Advisor [Member]
Noncontrolling Interest [Line Items]
Number of units held by Advisor		841,660
LTIP Units [Member] | Advisor [Member]
Noncontrolling Interest [Line Items]
Number of units held by Advisor		7,707,841
Liquidation Value [Member] | Advisor [Member]
Noncontrolling Interest [Line Items]
Distributions to non-controlling interest holders		$ 1.9
Liquidation Value [Member] | OP Units [Member]
Noncontrolling Interest [Line Items]
Redemption of OP units	841,660
Common Stock [Member]
Noncontrolling Interest [Line Items]
Shares issued upon redemption		3,336,430,000	92,751,000
Common Stock [Member] | Liquidation Value [Member]
Noncontrolling Interest [Line Items]
Shares issued upon redemption	841,660
Operating Partnership Unit [Member]
Noncontrolling Interest [Line Items]
Shares redeemed		3,336,430
Operating Partnership Unit [Member] | Liquidation Value [Member]
Noncontrolling Interest [Line Items]
Shares redeemed	841,660

Quarterly Results (Unaudited) -

Quarterly Results (Unaudited) - Schedule of Quarterly Financial Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Total revenues	$ 42,382	$ 41,260	$ 39,923	$ 36,709	$ 44,387	$ 44,608	$ 43,677	$ 41,849	$ 160,274	$ 174,521
Basic and diluted net income (loss) attributable to stockholders	$ (26,202)	$ (45,267)	$ (11,540)	$ 487	$ (8,508)	$ (13,075)	$ (8,982)	$ (8,516)	$ (82,526)	$ (39,081)
Weighted average shares outstanding, basic and diluted	165,692,013	165,384,074	164,835,872	163,872,612	162,208,672	162,203,065	162,156,470	162,092,424	164,949,461	162,165,580
Net income (loss) per share attributable to stockholders, basic and diluted	$ (0.16)	$ (0.27)	$ (0.07)		$ (0.05)	$ (0.08)	$ (0.06)	$ (0.05)	$ (0.50)	$ (0.24)

Quarterly Results (Unaudited)94

Quarterly Results (Unaudited) - Schedule of Quarterly Financial Information (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Schedule Of Quarterly Financial Information [Line Items]
Underestimated net loss				$ (83,899)	$ (40,269)
Immaterial Errors Impacting Interest Expense [Member]
Schedule Of Quarterly Financial Information [Line Items]
Underestimated of interest expense	$ 300	$ 300	$ 300
Underestimated net loss	$ 300	$ 300	$ 300

Schedule III Real Estate and Ac

Schedule III Real Estate and Accumulated Depreciation - Summary of Real Estate and Accumulated Depreciation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances at	$ 39,248
Initial Costs, Land	126,955
Initial Costs, Building and Improvements	425,585
Subsequent to Acquisition, Land	0
Subsequent to Acquisition, Building and Improvements	(41,353)
Accumulated Depreciation	(57,941)	$ (168,301)	$ (139,412)	$ (93,012)
Net Liquidation Adjustment	35,370
Total	$ 488,616
Design Center [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
State		NY
Acquisition Date	Jun. 22, 2010
Encumbrances at	$ 19,048
Initial Costs, Land	11,243
Initial Costs, Building and Improvements	18,884
Subsequent to Acquisition, Land	0
Subsequent to Acquisition, Building and Improvements	3,447
Accumulated Depreciation	(6,322)
Total	$ 27,252
367-387 Bleecker St [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
State		NY
Acquisition Date	Feb. 1, 2010
Encumbrances at	$ 0
Initial Costs, Building and Improvements	31,167
Subsequent to Acquisition, Land	0
Accumulated Depreciation	(8,092)
Total	$ 23,075
33 West 56th St (garage) [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
State		NY
Acquisition Date	Jun. 1, 2011
Encumbrances at	$ 0
Initial Costs, Building and Improvements	4,637
Subsequent to Acquisition, Land	0
Subsequent to Acquisition, Building and Improvements	(556)
Accumulated Depreciation	(561)
Total	$ 3,520
416 Washington St [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
State		NY
Acquisition Date	Nov. 3, 2011
Encumbrances at	$ 0
Initial Costs, Building and Improvements	8,979
Subsequent to Acquisition, Land	0
Subsequent to Acquisition, Building and Improvements	(331)
Accumulated Depreciation	(1,396)
Total	$ 7,252
One Jackson Sq [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
State		NY
Acquisition Date	Nov. 18, 2011
Encumbrances at	$ 0
Initial Costs, Building and Improvements	21,466
Subsequent to Acquisition, Land	0
Subsequent to Acquisition, Building and Improvements	(3,042)
Accumulated Depreciation	(2,364)
Total	$ 16,060
350 West 42nd St [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
State		NY
Acquisition Date	Mar. 16, 2012
Encumbrances at	$ 0
Initial Costs, Building and Improvements	19,869
Subsequent to Acquisition, Land	0
Subsequent to Acquisition, Building and Improvements	83
Accumulated Depreciation	(4,586)
Total	$ 15,366
1100 Kings Highway [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
State		NY
Acquisition Date	May 4, 2012
Encumbrances at	$ 20,200
Initial Costs, Land	17,112
Initial Costs, Building and Improvements	17,947
Subsequent to Acquisition, Land	0
Subsequent to Acquisition, Building and Improvements	110
Accumulated Depreciation	(3,900)
Total	$ 31,269
350 Bleecker St [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
State		NY
Acquisition Date	Dec. 31, 2012
Encumbrances at	$ 0
Initial Costs, Building and Improvements	11,783
Subsequent to Acquisition, Land	0
Subsequent to Acquisition, Building and Improvements	2
Accumulated Depreciation	(2,274)
Total	$ 9,511
333 West 34th St [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
State		NY
Acquisition Date	Aug. 9, 2013
Encumbrances at	$ 0
Initial Costs, Land	98,600
Initial Costs, Building and Improvements	120,908
Subsequent to Acquisition, Land	0
Subsequent to Acquisition, Building and Improvements	242
Accumulated Depreciation	(26,825)
Total	$ 192,925
Viceroy Hotel [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
State		NY
Acquisition Date	Nov. 18, 2013
Encumbrances at	$ 0
Initial Costs, Building and Improvements	169,945
Subsequent to Acquisition, Land	0
Subsequent to Acquisition, Building and Improvements	(41,308)
Accumulated Depreciation	(1,621)
Total	127,016
Net Liquidation Adjustment [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Subsequent to Acquisition, Land	0
Net Liquidation Adjustment	35,370
Total	$ 35,370

Schedule III Real Estate and 96

Schedule III Real Estate and Accumulated Depreciation - Summary of Real Estate and Accumulated Depreciation (Parenthetical) (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Mortgage notes payable	$ 1,107,526	$ 1,130,000
Mortgage Loan [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Mortgage notes payable	176,200
Mortgages [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Mortgage notes payable	215,494	1,129,080
Mortgages [Member] | Mortgage Loan [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Mortgage notes payable	$ 176,200	$ 500,000

Schedule III Real Estate and 97

Schedule III Real Estate and Accumulated Depreciation - Additional Information (Detail)	Dec. 31, 2017USD ($)
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Cost for income tax purposes	$ 1,540,000

Schedule III Real Estate and 98

Schedule III Real Estate and Accumulated Depreciation - Changes in Accumulated Depreciation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Real estate investments, at cost (including assets held for sale):
Balance at beginning of year	$ 1,653,315	$ 1,714,720	$ 1,729,983
Capital expenditures	6,389	21,891	27,231
Dispositions	(1,148,517)	(83,296)	(42,494)
Liquidation adjustment, net	(22,571)
Balance at end of year	488,616	1,653,315	1,714,720
Accumulated depreciation (including assets held for sale):
Balance at beginning of year	168,301	139,412	93,012
Depreciation expense		56,527	61,527
Dispositions	(110,360)	(27,638)	(15,127)
Liquidation adjustment	(57,941)
Balance at end of year	$ 57,941	$ 168,301	$ 139,412