Condensed Balance Sheets (USD $)	Sep. 30, 2012	Dec. 31, 2011
Real Estate at 250-264 West 57thStreet, 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	44,082,575	41,215,430
Less: accumulated depreciation	(7,153,282)	(6,334,722)
Building improvements after accumulated depreciation	36,929,293	34,880,708
Tenant improvements	4,817,085	2,702,193
Less: accumulated depreciation	(1,019,804)	(548,783)
Tenant improvements after accumulated depreciation	3,797,281	2,153,410
Land	2,117,435	2,117,435
Total real estate, net	42,844,009	39,151,553
Cash and cash equivalents	1,269,384	2,325,024
Due from Supervisor, a related party	60,000	60,000
Due from Lessee, a related party	3,558,414
Deferred costs	1,414,890	790,019
Other receivable	79,774
Prepaid insurance	10,144
Leasing costs, less accumulated amortization of $926,333 in 2012 and $740,183 in 2011	1,383,370	795,274
Mortgage financing costs, less accumulated amortization of $1,500,935 in 2012 and $1,263,152 in 2011	726,885	964,668
Total assets	51,346,870	44,086,538
Liabilities:
Mortgages payable	44,164,732	44,935,520
Accrued mortgage interest	196,607	201,523
Payable to Lessee, a related party	9,350,095	3,576,129
Accrued supervisory fees, a related party		20,000
Accrued expenses	11,540	55,901
Due to Supervisor, a related party	322,718	153,445
Total liabilities	54,045,692	48,942,518
Commitments and contingencies
Members' deficiency (at September 30, 2012 and December 31, 2011, there were 720 units (at $5,000 per unit) of participation units outstanding)	(2,698,822)	(4,855,980)
Total liabilities and members' deficiency	$ 51,346,870	$ 44,086,538