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STATEMENTS OF INCOME (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Revenue:    
Rent income, from a related party $ 7,844,758 $ 8,391,005
Interest and dividend income 1,530 917
Total revenue 7,846,288 8,391,922
Expenses:    
Interest on mortgages 2,783,734 2,593,839
Supervisory services, to a related party 332,001 408,596
Depreciation of building and tenant improvements 1,827,010 1,502,213
Amortization of leasing commissions 256,431 191,639
Professional fees 504,416 225,060
Formation transaction expenses 133,112 174,235
Miscellaneous 42,128 9,235
Total expenses 5,878,832 5,104,817
Net income $ 1,967,456 $ 3,287,105
Earnings per $5,000 participation unit, based on 720 participation units outstanding during each year $ 2,733 $ 4,565