Summary of Notes and Mortgages Payable | | | | | Interest Rate at | | Balance at December 31, | | (Amounts in thousands) | Maturity(1) | | December 31, 2016 | | 2016 | | | 2015 | | First mortgages secured by: | | | | | | | | | | | | | | Rego Park I shopping center (100% cash | Mar. 2018 | | 0.35 | % | | $ | 78,246 | | | $ | 78,246 | | | collateralized)(2) | | | | | | | | | | | | | | Paramus | Oct. 2018 | | 2.90 | % | | | 68,000 | | | | 68,000 | | | Rego Park II shopping center(3) | Nov. 2018 | | 2.62 | % | | | 259,901 | | | | 263,341 | | | 731 Lexington Avenue, office space(4) | Mar. 2021 | | 1.65 | % | | | 300,000 | | | | 300,000 | | | 731 Lexington Avenue, retail space(5) | Aug. 2022 | | 2.05 | % | | | 350,000 | | | | 350,000 | | | Total | | | | | | | 1,056,147 | | | | 1,059,587 | | | Deferred debt issuance costs, net of accumulated | | | | | | | | | | | | | | amortization of $6,824 and $4,267, respectively | | | | | | | (3,788) | | | | (6,325) | | | | | | | | | $ | 1,052,359 | | | $ | 1,053,262 | | | | | | | | | | | | | | | (1) | Represents the extended maturity where we have the unilateral right to extend. | | (2) | Extended for two years from March 2016. | | (3) | This loan bears interest at LIBOR plus 1.85%. | | (4) | This loan bears interest at LIBOR plus 0.95%. | | (5) | This loan bears interest at LIBOR plus 1.40%. | | | | | | | | | | | | |
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Schedule of Maturities of Long-term Debt | | (Amounts in thousands) | | | | | | | Year Ending December 31, | | Amount | | | | 2017 | | $ | 3,707 | | | | 2018 | | | 402,440 | | | | 2019 | | | - | | | | 2020 | | | - | | | | 2021 | | | 300,000 | | | | Thereafter | | | 350,000 | | |
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