XML 30 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
BALANCE SHEETS (USD $)
Dec. 31, 2012
Dec. 31, 2011
Real Estate at 250-264 West 57th Street, New York, N.Y. :    
Total real estate, net $ 44,396,866 $ 39,151,553
Cash and cash equivalents:    
Cash in banks 936,593 402,600
Fidelity U.S. treasury income portfolio 2,384,006 1,922,424
Total cash and cash equivalents 3,320,599 2,325,024
Due from Supervisor, a related party 60,000 60,000
Other assets 45,956  
Deferred costs 1,752,344 790,019
Leasing commissions, less accumulated amortization of $996,614 and $740,183 in 2012 and 2011, respectively 1,400,573 795,274
Mortgage refinancing costs, less accumulated amortization of $1,580,197 and $1,263,152 in 2012 and 2011, respectively 647,623 964,668
Total assets 51,623,961 44,086,538
Liabilities:    
Mortgage payable 52,900,635 44,935,520
Accrued mortgage interest 230,972 201,523
Payable to Lessee, a related party 3,322,181 3,576,129
Accrued supervisory fees, a related party   20,000
Accrued expenses 7,470 55,901
Due to Supervisor, a related party 621,233 153,445
Total liabilities 57,082,491 48,942,518
Commitments and contingencies      
Members' deficiency (5,458,530) (4,855,980)
Total liabilities and members' deficiency 51,623,961 44,086,538
Building [Member]
   
Real Estate at 250-264 West 57th Street, New York, N.Y. :    
Real estate 4,940,682 4,940,682
Less: Accumulated depreciation (4,940,682) (4,940,682)
Building Improvements [Member]
   
Real Estate at 250-264 West 57th Street, New York, N.Y. :    
Real estate 44,256,841 41,215,430
Less: Accumulated depreciation (7,423,289) (6,334,722)
Total real estate, net 36,833,552 34,880,708
Tenant improvements [Member]
   
Real Estate at 250-264 West 57th Street, New York, N.Y. :    
Real estate 6,733,105 2,702,193
Less: Accumulated depreciation (1,287,226) (548,783)
Total real estate, net 5,445,879 2,153,410
Land [Member]
   
Real Estate at 250-264 West 57th Street, New York, N.Y. :    
Total real estate, net $ 2,117,435 $ 2,117,435