Balance Sheets (USD $)	Dec. 31, 2011	Dec. 31, 2010
Real Estate at 250-264 West 57th Street, New York, N.Y. :
Building	$ 4,940,682	$ 4,940,682
Less: Accumulated depreciation	(4,940,682)	(4,940,682)
Building after accumulated depreciation	0	0
Building improvements	41,215,430	38,748,700
Less: Accumulated depreciation	(6,334,722)	(6,009,941)
Building improvements after accumulated depreciation	34,880,708	32,738,759
Tenant improvements	2,702,193	1,097,942
Less: Accumulated depreciation	(548,783)	(59,351)
Tenant improvements after accumulated depreciation	2,153,410	1,038,591
Land	2,117,435	2,117,435
Total real estate, net	39,151,553	35,894,785
Cash and cash equivalents:
Cash in banks	402,600	321,716
Fidelity U.S. treasury income portfolio	1,922,424	1,191,436
Total cash and cash equivalents	2,325,024	1,513,152
Due from Supervisor	60,000	60,000
Deferred costs	1,003,519	192,400
Leasing commissions, less accumulated amortization of $740,183 in 2011 and $1,011,122 in 2010	795,274	773,944
Mortgage refinancing costs, less accumulated amortization of $1,263,152 in 2011 and $946,107 in 2010	964,668	1,281,713
Total assets	44,300,038	39,715,994
Liabilities:
Mortgage payable	44,935,520	40,914,878
Accrued mortgage interest	201,523	188,882
Payable to Lessee, a related party	3,576,129	3,245,027
Accrued supervisory fees, a related party	20,000	31,000
Accrued expenses	55,901	157,323
Due to Supervisor	153,445	0
Total liabilities	48,942,518	44,537,110
Commitments and contingencies
Members' deficiency	(4,642,480)	(4,821,116)
Total liabilities and members' deficiency	$ 44,300,038	$ 39,715,994