v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Commercial real estate properties, at cost:    
Land $ 458,662 $ 386,423
Development costs 8,187 8,187
Building and improvements 3,739,058 3,392,043
Commercial real estate properties, at cost, 4,205,907 3,786,653
Less: accumulated depreciation (1,366,829) (1,274,193)
Commercial real estate properties, net 2,839,078 2,512,460
Contract asset 0 170,419
Cash and cash equivalents 132,657 385,465
Restricted cash 33,854 43,837
Tenant and other receivables 22,063 31,427
Deferred rent receivables 255,270 247,754
Prepaid expenses and other assets 93,355 101,852
Deferred costs, net 267,682 183,987
Acquired below-market ground leases, net 305,579 313,410
Right of use assets 27,944 28,197
Goodwill 491,479 491,479
Total assets 4,468,961 4,510,287
Liabilities:    
Mortgage notes payable, net 619,269 692,176
Senior unsecured notes, net 1,270,668 1,197,061
Unsecured term loan facilities, net 336,794 268,731
Unsecured revolving credit facility 145,000 120,000
Debt associated with property in receivership 0 177,667
Accrued interest associated with property in receivership 0 5,433
Accounts payable and accrued expenses 120,150 132,016
Acquired below-market leases, net 39,767 19,497
Ground lease liabilities 27,944 28,197
Deferred revenue and other liabilities 59,901 62,639
Tenants’ security deposits 27,276 24,908
Total liabilities 2,646,769 2,728,325
Commitments and contingencies
Capital:    
Total Empire State Realty OP, L.P.'s capital 1,822,192 1,781,962
Total liabilities and capital 4,468,961 4,510,287
Private Perpetual Preferred Units, Series 2019    
Capital:    
Private perpetual preferred units 21,936 21,936
Private Perpetual Preferred Units, Series 2014    
Capital:    
Private perpetual preferred units 8,004 8,004
Series PR Operating Partnership Units    
Capital:    
ESRT partners' capital (2,777 and 2,742 general partner operating partnership units and 167,717 and 164,641 limited partner operating partnership units outstanding at December 31, 2025 and 2024, respectively) 1,060,002 1,030,696
Limited partner operating partnership units 721,183 711,904
Series ES Operating Partnership Units Limited Partners    
Capital:    
Limited partner operating partnership units 8,234 7,126
Series 60 Operating Partnership Units Limited Partners    
Capital:    
Limited partner operating partnership units 1,790 1,436
Series 250 Operating Partnership Units Limited Partners    
Capital:    
Limited partner operating partnership units $ 1,043 $ 860