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Rego Park II Apartment Tower
3 Months Ended
Mar. 31, 2014
Real Estate Owned Disclosure Of Detailed Components [Abstract]  
Real Estate Disclosure [Text Block]

5.       Rego Park II Apartment Tower

We have commenced the construction of an apartment tower that will contain approximately 300 units aggregating 250,000 square feet, above our Rego Park II shopping center, which is expected to be completed in 2015. The estimated cost of this project is approximately $125,000,000, of which $4,109,000 has been incurred as of March 31, 2014. There can be no assurance that the project will be completed on schedule, or within budget.