﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2012v2.1">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2014-06-05T11:00:57-05:00</Timestamp>
    <TaxPeriodEndDate>2013-07-31</TaxPeriodEndDate>
    <PreparerFirm>
      <EIN>131578842</EIN>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>BUCHBINDER TUNICK &amp; CO LLP</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>ONE PENN PLAZA - SUITE 5335</AddressLine1>
        <City>NEW YORK</City>
        <State>NY</State>
        <ZIPCode>101190219</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2012-08-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>020555262</EIN>
      <Name>
        <BusinessNameLine1>50 BROADWAY REALTY CORP</BusinessNameLine1>
      </Name>
      <NameControl>50BR</NameControl>
      <Phone>2127777500</Phone>
      <USAddress>
        <AddressLine1>52 BROADWAY</AddressLine1>
        <City>NEW YORK</City>
        <State>NY</State>
        <ZIPCode>10004</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>MICHAEL MULGREW</Name>
      <Title>PRESIDENT</Title>
      <Phone>2127777500</Phone>
      <DateSigned>2014-04-16</DateSigned>
      <AuthorizeThirdParty>1</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <PTIN>P00293703</PTIN>
      <Phone>2126955003</Phone>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2015-11-30 17:44:51Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="5">
    <IRS990 documentId="RetDoc1038000001" referenceDocumentId="RetDoc1044400001">
      <NameOfPrincipalOfficerPerson>MICHAEL MULGREW</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>52 BROADWAY</AddressLine1>
        <City>NEW YORK</City>
        <State>NY</State>
        <ZIPCode>10004</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>12566972</GrossReceipts>
      <GroupReturnForAffiliates>0</GroupReturnForAffiliates>
      <Organization501c typeOf501cOrganization="2">X</Organization501c>
      <WebSite>N/A</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>2002</YearFormation>
      <StateLegalDomicile>NY</StateLegalDomicile>
      <ActivityOrMissionDescription>WAS ORGANIZED FOR THE PURPOSE OF ACQUIRING AND OPERATING REAL PROPERTY LOCATED AT 50 BROADWAY, NEW YORK, NY ON BEHALF OF UNITED FEDERATION OF TEACHERS, LOCAL 2.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>3</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>0</NbrIndependentVotingMembers>
      <TotalNbrEmployees>51</TotalNbrEmployees>
      <TotalNbrVolunteers>0</TotalNbrVolunteers>
      <TotalGrossUBI>0</TotalGrossUBI>
      <NetUnrelatedBusinessTxblIncome>0</NetUnrelatedBusinessTxblIncome>
      <ContributionsGrantsPriorYear>0</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>0</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>11839419</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>12561871</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>14204</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>5101</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>0</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>0</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>11853623</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>12566972</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>0</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>0</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersPriorYear>0</BenefitsPaidToMembersPriorYear>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>2120292</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>2224782</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpPriorYear>0</TotalProfFundrsngExpPriorYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>0</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>11917605</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>9291891</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>14037897</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>11516673</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>-2184274</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>1050299</RevenuesLessExpensesCY>
      <TotalAssetsBOY>78319414</TotalAssetsBOY>
      <TotalAssetsEOY>79701865</TotalAssetsEOY>
      <TotalLiabilitiesBOY>64811192</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>65143344</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>13508222</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>14558521</NetAssetsOrFundBalancesEOY>
      <MissionDescription>WAS ORGANIZED FOR THE PURPOSE OF ACQUIRING AND OPERATING REAL PROPERTY LOCATED AT 50 BROADWAY, NEW YORK, NY ON BEHALF OF THE UNITED FEDERATION OF TEACHERS, LOCAL 2.</MissionDescription>
      <SignificantNewProgramServices>0</SignificantNewProgramServices>
      <SignificantChange>0</SignificantChange>
      <Description>GROSS EXPENSES INCURRED BY CORPORATION HOLDING TITLE TO PROPERTY FOR AN EXEMPT ORGANIZATION.</Description>
      <DescribedIn501C3>0</DescribedIn501C3>
      <ScheduleBRequired>0</ScheduleBRequired>
      <PoliticalActivities>0</PoliticalActivities>
      <SubjectToProxyTax>0</SubjectToProxyTax>
      <DonorAdvisedFunds referenceDocumentId="RetDoc1040000001">0</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="RetDoc1040000001">0</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="RetDoc1040000001">0</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="RetDoc1040000001">0</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="RetDoc1040000001">0</TermOrPermanentEndowments>
      <ReportLandBldgEquip referenceDocumentId="RetDoc1040000001">1</ReportLandBldgEquip>
      <ReportInvestOthSecurities referenceDocumentId="RetDoc1040000001">0</ReportInvestOthSecurities>
      <ReportProgRelInvest referenceDocumentId="RetDoc1040000001">0</ReportProgRelInvest>
      <ReportOtherAssets referenceDocumentId="RetDoc1040000001">1</ReportOtherAssets>
      <ReportOtherLiabilities referenceDocumentId="RetDoc1040000001">1</ReportOtherLiabilities>
      <ReportFin48Footnote referenceDocumentId="RetDoc1040000001">0</ReportFin48Footnote>
      <IndependentAuditFinancialStmt referenceDocumentId="RetDoc1040000001">1</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="RetDoc1040000001">1</ConsolidatedAuditFinancialStmt>
      <School>0</School>
      <ForeignOffice>0</ForeignOffice>
      <ForeignActivities>0</ForeignActivities>
      <MoreThan5000KToOrganizations>0</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>0</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>0</ProfessionalFundraising>
      <FundraisingActivities>0</FundraisingActivities>
      <Gaming>0</Gaming>
      <Hospital>0</Hospital>
      <GrantsToOrganizations>0</GrantsToOrganizations>
      <GrantsToIndividuals>0</GrantsToIndividuals>
      <ScheduleJRequired referenceDocumentId="RetDoc1042400001">1</ScheduleJRequired>
      <TaxExemptBonds>0</TaxExemptBonds>
      <LoanToOfficerOrDQP>0</LoanToOfficerOrDQP>
      <GrantToRelatedPerson>0</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization>0</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember>0</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp>0</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions>0</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>0</DeductibleContributionsOfArt>
      <Terminated>0</Terminated>
      <PartialLiquidation>0</PartialLiquidation>
      <DisregardedEntity referenceDocumentId="RetDoc1043400001">0</DisregardedEntity>
      <RelatedEntity referenceDocumentId="RetDoc1043400001">1</RelatedEntity>
      <RelatedOrgControlledEntity>0</RelatedOrgControlledEntity>
      <ActivitiesConductedPartnership referenceDocumentId="RetDoc1043400001">0</ActivitiesConductedPartnership>
      <ScheduleORequired>1</ScheduleORequired>
      <NumberFormsTransmittedWith1096>14</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <NumberOfEmployees>51</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>1</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>0</UnrelatedBusinessIncome>
      <ForeignFinancialAccount>0</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>0</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>0</TaxablePartyNotification>
      <NonDeductibleContributions>0</NonDeductibleContributions>
      <IndoorTanningServices>0</IndoorTanningServices>
      <InfoInScheduleOPartVI>X</InfoInScheduleOPartVI>
      <NbrVotingGoverningBodyMembers>3</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>0</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>0</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>0</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>0</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>0</MaterialDiversionOrMisuse>
      <MembersOrStockholders>1</MembersOrStockholders>
      <ElectionOfBoardMembers>0</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>0</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>0</MinutesOfGoverningBody>
      <MinutesOfCommittees>0</MinutesOfCommittees>
      <OfficerMailingAddress>0</OfficerMailingAddress>
      <LocalChapters>0</LocalChapters>
      <Form990ProvidedToGoverningBody>1</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>0</ConflictOfInterestPolicy>
      <WhistleblowerPolicy>0</WhistleblowerPolicy>
      <DocumentRetentionPolicy>0</DocumentRetentionPolicy>
      <CompensationProcessCEO>0</CompensationProcessCEO>
      <CompensationProcessOther>0</CompensationProcessOther>
      <InvestmentInJointVenture>0</InvestmentInJointVenture>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NameBusiness>
          <BusinessNameLine1>CHARLES BAKER</BusinessNameLine1>
        </NameBusiness>
        <TelephoneNumber>2127777500</TelephoneNumber>
        <AddressUS>
          <AddressLine1>52 BROADWAY</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10004</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <Form990PartVIISectionA>
        <NamePerson>MICHAEL MULGREW</NamePerson>
        <Title>PRESIDENT</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>253333</ReportableCompFromRelatedOrgs>
        <OtherCompensation>48503</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MELVYN AARONSON</NamePerson>
        <Title>TREASURER</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>61026</ReportableCompFromRelatedOrgs>
        <OtherCompensation>17399</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MICHAEL MENDEL</NamePerson>
        <Title>FORMER SECRETARY</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>210281</ReportableCompFromRelatedOrgs>
        <OtherCompensation>30033</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>EMIL PIETROMONACO</NamePerson>
        <Title>SECRETARY</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>170400</ReportableCompFromRelatedOrgs>
        <OtherCompensation>36484</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>CHARLES HOHMANN</NamePerson>
        <Title>BLDG MAINTENANCE</Title>
        <AverageHoursPerWeek>35.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>137394</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>44015</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MAURICE O'LEARY</NamePerson>
        <Title>BLDG MAINTENANCE</Title>
        <AverageHoursPerWeek>35.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>109944</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>38644</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>KEVIN RIDDER</NamePerson>
        <Title>BLDG MAINTENANCE</Title>
        <AverageHoursPerWeek>35.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>144110</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>42087</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>FRANK FINAMORE</NamePerson>
        <Title>BLDG MAINTENANCE</Title>
        <AverageHoursPerWeek>35.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>120279</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>43619</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JOSEPH PRISCO</NamePerson>
        <Title>BLDG MAINTENANCE</Title>
        <AverageHoursPerWeek>35.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>118929</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>44727</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>630656</TotalReportableCompFromOrg>
      <TotalReportableCompFrmRltdOrgs>695040</TotalReportableCompFrmRltdOrgs>
      <TotalOtherCompensation>345511</TotalOtherCompensation>
      <NumberIndividualsGT100K>5</NumberIndividualsGT100K>
      <FormersListed>0</FormersListed>
      <TotalCompGT150K>1</TotalCompGT150K>
      <CompensationFromOtherSources>0</CompensationFromOtherSources>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>CASSIDY TURLEY NEW YORK INC</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>277 PARK AVENUE</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10172</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>MANAGEMENT AND LEASING SERVICES</DescriptionOfServices>
        <Compensation>697294</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>CON EDISON</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>COOPER STATION PO BOX 138</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10276</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>UTILITY PROVIDER</DescriptionOfServices>
        <Compensation>462460</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>PLYMOUTH ROCK ENERGY LLC</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>1074 BROADWAY</AddressLine1>
            <City>WOODMERE</City>
            <State>NY</State>
            <ZIPCode>11598</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>UTILITY PROVIDER</DescriptionOfServices>
        <Compensation>444372</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>HARVARD PROTECTION SERVICES</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>570 SEVENTH AVENUE 16TH FLOOR</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10018</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>SECURITY SERVICES</DescriptionOfServices>
        <Compensation>171263</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>NOUVEAU ELEVATOR INDUSTRIES INC</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>74 CAYLER STREET</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11222</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>ELEVATOR MAINTENANCE</DescriptionOfServices>
        <Compensation>131955</Compensation>
      </ContractorCompensation>
      <NumberOfContractorsGT100K>6</NumberOfContractorsGT100K>
      <ProgramServiceRevenue>
        <Description>RENTAL INCOME</Description>
        <BusinessCode>531120</BusinessCode>
        <TotalRevenueColumn>10477891</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>10477891</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>REIMBURSEMENT FROM TENANTS</Description>
        <BusinessCode>531120</BusinessCode>
        <TotalRevenueColumn>2083980</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>2083980</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>12561871</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>5101</TotalRevenueColumn>
        <ExclusionAmount>5101</ExclusionAmount>
      </InvestmentIncome>
      <TotalRevenue>
        <TotalRevenueColumn>12566972</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>12561871</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>0</UnrelatedBusinessRevenue>
        <ExclusionAmount>5101</ExclusionAmount>
      </TotalRevenue>
      <OtherSalariesAndWages>
        <Total>1618903</Total>
      </OtherSalariesAndWages>
      <OtherEmployeeBenefits>
        <Total>472106</Total>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>133773</Total>
      </PayrollTaxes>
      <FeesForServicesManagement>
        <Total>175729</Total>
      </FeesForServicesManagement>
      <FeesForServicesLegal>
        <Total>260107</Total>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>27100</Total>
      </FeesForServicesAccounting>
      <FeesForServicesOther>
        <Total>56299</Total>
      </FeesForServicesOther>
      <Advertising>
        <Total>145</Total>
      </Advertising>
      <OfficeExpenses>
        <Total>17931</Total>
      </OfficeExpenses>
      <Occupancy>
        <Total>3508091</Total>
      </Occupancy>
      <Interest>
        <Total>400532</Total>
      </Interest>
      <DepreciationDepletion>
        <Total>2717574</Total>
      </DepreciationDepletion>
      <Insurance>
        <Total>178689</Total>
      </Insurance>
      <OtherExpenses>
        <Description>REPAIRS AND MAINTENANCE</Description>
        <Total>621103</Total>
      </OtherExpenses>
      <OtherExpenses>
        <Description>LEASING COMMISSIONS</Description>
        <Total>393037</Total>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SECURITY SERVICE</Description>
        <Total>297214</Total>
      </OtherExpenses>
      <OtherExpenses>
        <Description>AMORTIZATION OF CLOSING</Description>
        <Total>258467</Total>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>379873</Total>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>11516673</Total>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>68744</BOY>
        <EOY>231665</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>38795</BOY>
        <EOY>340161</EOY>
      </SavingsAndTempCashInvestments>
      <AccountsReceivable>
        <BOY>180087</BOY>
        <EOY>165913</EOY>
      </AccountsReceivable>
      <PrepaidExpensesDeferredCharges>
        <BOY>1454874</BOY>
        <EOY>1515811</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>89720612</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>23521865</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>61415042</BOY>
        <EOY>66198747</EOY>
      </LandBuildingsEquipmentBasisNet>
      <OtherAssetsTotal>
        <BOY>15161872</BOY>
        <EOY>11249568</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>78319414</BOY>
        <EOY>79701865</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>1483932</BOY>
        <EOY>1624583</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>291513</BOY>
        <EOY>307547</EOY>
      </DeferredRevenue>
      <MortNotesPyblSecuredInvestProp>
        <BOY>28998472</BOY>
        <EOY>28471024</EOY>
      </MortNotesPyblSecuredInvestProp>
      <OtherLiabilities>
        <BOY>34037275</BOY>
        <EOY>34740190</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>64811192</BOY>
        <EOY>65143344</EOY>
      </TotalLiabilities>
      <DoNotFollowSFAS117>X</DoNotFollowSFAS117>
      <CapStckTrstPrinCurrentFunds>
        <BOY>1</BOY>
        <EOY>1</EOY>
      </CapStckTrstPrinCurrentFunds>
      <PaidInCapSrplsLandBldgEqpFund>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </PaidInCapSrplsLandBldgEqpFund>
      <RetainedEarningsEndowmentEtc>
        <BOY>13508221</BOY>
        <EOY>14558520</EOY>
      </RetainedEarningsEndowmentEtc>
      <TotalNetAssetsFundBalances>
        <BOY>13508222</BOY>
        <EOY>14558521</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>78319414</BOY>
        <EOY>79701865</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>1050299</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>0</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <FSAuditedBasis>
        <FinancialStatementBoth>X</FinancialStatementBoth>
      </FSAuditedBasis>
      <AuditCommittee>0</AuditCommittee>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <Land>
        <OtherCostOrOtherBasis>8168808</OtherCostOrOtherBasis>
        <BookValue>8168808</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>46334499</OtherCostOrOtherBasis>
        <Depreciation>13480829</Depreciation>
        <BookValue>32853670</BookValue>
      </Buildings>
      <LeaseholdImprovements>
        <OtherCostOrOtherBasis>35217305</OtherCostOrOtherBasis>
        <Depreciation>10041036</Depreciation>
        <BookValue>25176269</BookValue>
      </LeaseholdImprovements>
      <TotalOfBookValueLandBuildings>66198747</TotalOfBookValueLandBuildings>
      <OtherAssets>
        <Description>TENANTS' SECURITY DEPOSITS</Description>
        <BookValue>962924</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>DEFERRED CLOSING COSTS</Description>
        <BookValue>1292332</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>DEFERRED LEASING COMMISSIONS</Description>
        <BookValue>2396641</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>UNBILLED RENT RECEIVABLE</Description>
        <BookValue>4824469</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>RESTRICTED CASH</Description>
        <BookValue>1773202</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>11249568</TotalBookValueOtherAssets>
      <OtherLiabilities>
        <Description>DUE TO RELATED ENTITIES</Description>
        <Amount>32611270</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>TENANTS' SECURITY DEPOSITS</Description>
        <Amount>962924</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>OBLIGATION UNDER INTEREST RATE SWAP</Description>
        <Amount>1165996</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>34740190</TotalOfAmounts>
      <TotRevenueEtcAuditedFinclStmt>12566972</TotRevenueEtcAuditedFinclStmt>
      <RevenueNotRptdF990>0</RevenueNotRptdF990>
      <RevenueSubtotal>12566972</RevenueSubtotal>
      <RevenueNotRptdOnFinStmt>0</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>12566972</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>11516673</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>11516673</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>11516673</TotalExpensesPerForm990>
    </IRS990ScheduleD>
    <IRS990ScheduleJ documentId="RetDoc1042400001">
      <SeverancePayment>0</SeverancePayment>
      <SupplementalNonqualRetirePlan>0</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>0</EquityBasedCompArrangement>
      <Form990ScheduleJPartII>
        <NamePerson>MICHAEL MULGREW</NamePerson>
        <Title>PRESIDENT</Title>
        <BaseCompensationFilingOrg>0</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>250400</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>2933</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>41386</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>0</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>7117</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>0</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>301836</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>MICHAEL MENDEL</NamePerson>
        <Title>FORMER SECRETARY</Title>
        <BaseCompensationFilingOrg>0</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>210281</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>28313</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>0</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>1720</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>0</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>240314</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>EMIL PIETROMONACO</NamePerson>
        <Title>SECRETARY</Title>
        <BaseCompensationFilingOrg>0</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>170400</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>19210</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>0</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>17274</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>0</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>206884</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>CHARLES HOHMANN</NamePerson>
        <Title>BLDG MAINTENANCE</Title>
        <BaseCompensationFilingOrg>137394</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>18846</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>25169</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>181409</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>KEVIN RIDDER</NamePerson>
        <Title>BLDG MAINTENANCE</Title>
        <BaseCompensationFilingOrg>144110</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>17644</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>24443</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>186197</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>FRANK FINAMORE</NamePerson>
        <Title>BLDG MAINTENANCE</Title>
        <BaseCompensationFilingOrg>120279</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>18961</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>24658</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>163898</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>JOSEPH PRISCO</NamePerson>
        <Title>BLDG MAINTENANCE</Title>
        <BaseCompensationFilingOrg>118929</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>19555</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>25172</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>163656</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 6</ReturnReference>
        <Explanation>THE OUTSTANDING CAPITAL STOCK IS HELD BY 50-52 BROADWAY REALTY CORP.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 8A</ReturnReference>
        <Explanation>THERE ARE NO MINUTES FOR THE MEETINGS HELD DURING THE YEAR.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 8B</ReturnReference>
        <Explanation>THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>THE FORM 990 IS REVIEWED BY THE CONTROLLER AND CFO OF THE UNITED FEDERATION OF TEACHERS, LOCAL 2 PRIOR TO THE FORM BEING FILED. ADDITIONALLY THE FORM 990 WAS E-MAILED TO ALL OFFICERS PRIOR TO THE FORM BEING FILED.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE CORPORATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc1043400001">
      <Form990ScheduleRPartI>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>50-52 BROADWAY LLC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>52 BROADWAY</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10004</ZIPCode>
        </AddressUS>
        <EIN>043621578</EIN>
        <PrimaryActivities>HOLDING OWNERSHIP OF NOT-FOR-PROFIT REAL ESTATE</PrimaryActivities>
        <LegalDomicileState>NY</LegalDomicileState>
        <TotalIncome>-796</TotalIncome>
        <EOYAssets>39433660</EOYAssets>
        <DirectControllingEntityName>
          <BusinessNameLine1>UNITED FEDERATION OF TEACHERS LOCAL 2</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartI>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>UNITED FEDERATION OF TEACHERS</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>52 BROADWAY</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10004</ZIPCode>
        </AddressUS>
        <EIN>135582895</EIN>
        <PrimaryActivities>LABOR UNION</PrimaryActivities>
        <LegalDomicileState>NY</LegalDomicileState>
        <ExemptCodeSection>501(C)(5)</ExemptCodeSection>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>260 PARK AVENUE REALTY CORP</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>52 BROADWAY</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10004</ZIPCode>
        </AddressUS>
        <EIN>132573734</EIN>
        <PrimaryActivities>ACQUIRING AND OPERATING REAL PROPERTY ON BEHALF OF THE UFT</PrimaryActivities>
        <LegalDomicileState>NY</LegalDomicileState>
        <ExemptCodeSection>501(C)(2)</ExemptCodeSection>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>49 EAST 21 COMPANY INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>52 BROADWAY</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10004</ZIPCode>
        </AddressUS>
        <EIN>133683285</EIN>
        <PrimaryActivities>ACQUIRING AND OPERATING REAL PROPERTY ON BEHALF OF THE UFT</PrimaryActivities>
        <LegalDomicileState>NY</LegalDomicileState>
        <ExemptCodeSection>501(C)(2)</ExemptCodeSection>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>52 BROADWAY REALTY CORP</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>52 BROADWAY</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10004</ZIPCode>
        </AddressUS>
        <EIN>020555237</EIN>
        <PrimaryActivities>ACQUIRING AND OPERATING REAL PROPERTY ON BEHALF OF THE UFT</PrimaryActivities>
        <LegalDomicileState>NY</LegalDomicileState>
        <ExemptCodeSection>501(C)(2)</ExemptCodeSection>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>UFT MEMORIALS INC</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>52 BROADWAY</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10004</ZIPCode>
        </AddressUS>
        <EIN>227322497</EIN>
        <PrimaryActivity>PURCHASE PLOTS FROM CEMETARY ORGS AND MAKES SUCH PLOTS AVAILABLE TO MEMBERS</PrimaryActivity>
        <LegalDomicileState>NY</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>UNITED FEDERATION OF TEACHERS LOCAL 2 AFT</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>C</TypeOfEntity>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartIV>
      <ReceiptOfIntAnnRentsRoyalties>0</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>0</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>0</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>1</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>1</LoansOrGuaranteesFromOtherOrg>
      <DividendsRelatedOrganization>0</DividendsRelatedOrganization>
      <SaleOfAssetsToOtherOrg>0</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>0</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>0</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>1</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>0</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>0</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>0</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>0</SharingOfFacilities>
      <SharingOfPaidEmployees>1</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>1</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>1</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>0</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>0</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>50-52 BROADWAY LLC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>D</TransactionType>
        <AmountInvolved>19401892</AmountInvolved>
        <MethodOfAmtDetermination>CASH DISBURSEMENTS</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>50-52 BROADWAY LLC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>E</TransactionType>
        <AmountInvolved>20684014</AmountInvolved>
        <MethodOfAmtDetermination>CASH RECEIPTS</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>52 BROADWAY REALTY CORP</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>Q</TransactionType>
        <AmountInvolved>1435671</AmountInvolved>
        <MethodOfAmtDetermination>ALLOCATED EXPENSES</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>UNITED FEDERATION OF TEACHERS LOCAL 2</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>P</TransactionType>
        <AmountInvolved>9076</AmountInvolved>
        <MethodOfAmtDetermination>ALLOCATED EXPENSES</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>UNITED FEDERATION OF TEACHERS LOCAL 2</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>P</TransactionType>
        <AmountInvolved>256909</AmountInvolved>
        <MethodOfAmtDetermination>ALLOCATED EXPENSES</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>UNITED FEDERATION OF TEACHERS LOCAL 2</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>J</TransactionType>
        <AmountInvolved>1998809</AmountInvolved>
        <MethodOfAmtDetermination>ALLOCATED EXPENSES</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>UNITED FEDERATION OF TEACHERS LOCAL 2</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>O</TransactionType>
        <AmountInvolved>67209</AmountInvolved>
        <MethodOfAmtDetermination>CASH RECEIPTS</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>