Condensed Balance Sheets (Unaudited) (USD $)	Mar. 31, 2012	Dec. 31, 2011
Real Estate at 250-264 West 57th Street, New York, New York:
Building	$ 4,940,682	$ 4,940,682
Less: accumulated depreciation	4,940,682	4,940,682
Building after accumulated depreciation
Building improvements	42,191,592	41,215,430
Less: accumulated depreciation	(6,604,397)	(6,334,722)
Building improvements after accumulated depreciation	35,587,195	34,880,708
Tenant improvements	2,702,193	2,702,193
Less: accumulated depreciation	(679,618)	(548,783)
Tenant improvements after accumulated depreciation	2,022,575	2,153,410
Land	2,117,435	2,117,435
Total real estate, net	39,727,205	39,151,553
Cash and cash equivalents	1,971,287	2,325,024
Due from Supervisor	60,000	60,000
Deferred costs	1,140,470	1,003,519
Other receivable	16,162	0
Leasing costs, less accumulated amortization of $794,464 in 2012 and $740,183 in 2011	1,471,800	795,274
Mortgage refinancing costs, less accumulated amortization of $1,342,413 in 2012 and $1,263,152 in 2011	885,407	964,668
Total assets	45,272,331	44,300,038
Liabilities:
Mortgages payable	44,682,124	44,935,520
Accrued mortgage interest	199,691	201,523
Payable to Lessee, a related party	5,300,082	3,576,129
Accrued supervisory fees, a related party	0	20,000
Accrued expenses	7,330	55,901
Due to supervisor	78,087	153,445
Total liabilities	50,267,314	48,942,518
Commitments and contingencies
Members' deficiency (at March 31, 2012 and December 31, 2011, there were 720 units (at 5,000 per unit) of participation units outstanding)	(4,994,983)	(4,642,480)
Total liability and members' deficiency	$ 45,272,331	$ 44,300,038