Condensed Balance Sheets (Unaudited) (USD $)	Sep. 30, 2011	Dec. 31, 2010
Real Estate at 250-264 West 57th street, New York, New York
Less: accumulated depreciation	$ 4,940,682	$ 4,940,682
Building after accumulated depreciation	0	0
Building improvements	40,258,299	38,748,700
Less: accumulated depreciation	6,767,827	6,009,941
Building improvements after accumulated depreciation	33,490,472	32,738,759
Tenant improvements	2,519,628	1,097,942
Building	4,940,682	4,940,682
Less: accumulated depreciation	413,738	59,351
Tenant improvements after accumulated depreciation	2,105,890	1,038,591
Land	2,117,435	2,117,435
Total real estate, net	37,713,797	35,894,785
Cash and cash equivalents	779,456	1,513,152
Due from Supervisor	60,000	60,000
Due from Lessee	4,350,339	0
Deferred costs	571,421	192,400
Other receivable	73,911	0
Leasing commissions, less accumulated amortization of $1,154,106 in 2011 and $1,011,122 in 2010	790,909	773,944
Mortgage refinancing costs, less accumulated amortization of $1,183,891 and $946,107	1,043,930	1,281,713
Total assets	45,383,763	39,715,994
Liabilities:
Mortgages payable	40,185,546	40,914,878
Accrued mortgage interest	185,353	188,882
Payable to Lessee, a related party	6,336,261	3,245,027
Accrued expenses and other liabilities	90,680	157,323
Accrued supervisory fees, a related party	284,745	31,000
Total liabilities	47,082,585	44,537,110
Commitments and contingencies
Members' deficiency (at September 30, 2011 and December 31, 2010, there were 720 units (at $5,000 per unit) of participation units outstanding)	(1,698,822)	(4,821,116)
Total liability and members' deficiency	$ 45,383,763	$ 39,715,994