Estimated Costs and Estimated Receipts During Liquidation (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Accrued Revenues and Net Receipts/(Costs) in Liquidation

At March 31, 2025 and December 31, 2024, the Company accrued the following net receipts/(costs) expected to be incurred during liquidation (in thousands):


	March 31, 2025			December 31, 2024
Interest income	$	616		$	960
General and administrative expenses		(3,865	)		(3,808	)
Total liability for estimated costs in excess of estimated receipts during liquidation	$	(3,249	)	$	(2,848	)

Schedule of Changes in Estimated Costs and Estimated Receipts During Liquidation

The change in estimated costs and estimated receipts during liquidation for the three months ended March 31, 2025 and 2024 is as follows (in thousands):


	January 1, 2025			Net Change in Working Capital (1)			Remeasurement of Assets and Liabilities			March 31, 2025
Assets:
Estimated inflows of interest income	$	960		$	(801	)	$	457		$	616
Liabilities:
General and administrative expenses		(3,808	)		3,412			(3,469	)		(3,865	)
Total liability for estimated costs in excess of estimated receipts during liquidation	$	(2,848	)	$	2,611		$	(3,012	)	$	(3,249	)


	January 1, 2024			Net Change in Working Capital (1)			Remeasurement of Assets and Liabilities			March 31, 2024
Assets:
Estimated inflows of interest income	$	4,750		$	(1,183	)	$	1,183		$	4,750
Liabilities:
General and administrative expenses		(3,268	)		3,291			(4,369	)		(4,346	)
Total asset for estimated receipts in excess of estimated costs during liquidation	$	1,482		$	2,108		$	(3,186	)	$	404

Represents changes in cash, restricted cash, accounts receivable, accounts payable and accrued expenses as a result of the Company’s operating activities for the three months ended March 31, 2025 and 2024.

New York REIT Liquidating LLC 10-Q