Note Receivable	9 Months Ended
Sep. 30, 2015
Receivables [Abstract]
Note Receivable	10. NOTE RECEIVABLE: A sales contract was executed on September 30, 2009 for the installment sale of the Partnership’s former Panda Buffet property to the tenant for $520,000 (sales amount was to be reduced to $450,000 if closing occurred on or before November 15, 2009). The closing date on the sale of the property was November 12, 2009 at a sales price of $450,000. The buyer paid $150,000 at closing with the remaining balance of $300,000 was delivered in the form of a promissory note (the “Buyers Note”) to the Partnership. The Buyers Note originally had a term of three years, an interest rate of 7.25%, and principal and interest payments paid monthly and principal amortized over a period of ten years beginning December 1, 2009 with a balloon payment due November 1, 2012. The Partnership amended the Buyers Note in the amount of $232,777, to $200,000 after a principal payment of $32,777 was received on October 19, 2012 and at that time agreed to amended repayment terms, including an extension of the maturity date. The Buyers Note also requires the buyer to escrow property taxes with the Partnership which, as of January 1, 2013, was $925 per month. Effective November 1, 2014, the Partnership agreed to another two year extension of the Buyers Note as follows: Buyer made a principal payment of $13,396 which reduced the principal balance to $120,000 as of November 1, 2014, and the balance is being amortized over two years with a monthly payment of approximately $5,386 per month. By its terms, the amount due under the Buyers Note will be fully paid off by October 31, 2016. The property tax escrow cash balance held by the Partnership amounted to $10,855 at September 30, 2015, and is included in the property tax payable in the condensed balance sheets. Per the Buyers Note amortization schedule, the monthly payments are to total approximately $5,386 per month. The amortized principal payments yet to be received under the Buyers Note amounted to $72,099 as of September 30, 2015 and $115,339 as of December 31, 2014. During the nine month period ended September 30, 2015, nine note payments were received by the Partnership and totaled $43,240 in principal and $5,237 in interest.

Note Receivable

9 Months Ended

Sep. 30, 2015

10. NOTE RECEIVABLE:

A sales contract was executed on September 30, 2009 for the installment sale of the Partnership’s former Panda Buffet property to the tenant for $520,000 (sales amount was to be reduced to $450,000 if closing occurred on or before November 15, 2009). The closing date on the sale of the property was November 12, 2009 at a sales price of $450,000. The buyer paid $150,000 at closing with the remaining balance of $300,000 was delivered in the form of a promissory note (the “Buyers Note”) to the Partnership. The Buyers Note originally had a term of three years, an interest rate of 7.25%, and principal and interest payments paid monthly and principal amortized over a period of ten years beginning December 1, 2009 with a balloon payment due November 1, 2012. The Partnership amended the Buyers Note in the amount of $232,777, to $200,000 after a principal payment of $32,777 was received on October 19, 2012 and at that time agreed to amended repayment terms, including an extension of the maturity date. The Buyers Note also requires the buyer to escrow property taxes with the Partnership which, as of January 1, 2013, was $925 per month.

Effective November 1, 2014, the Partnership agreed to another two year extension of the Buyers Note as follows: Buyer made a principal payment of $13,396 which reduced the principal balance to $120,000 as of November 1, 2014, and the balance is being amortized over two years with a monthly payment of approximately $5,386 per month. By its terms, the amount due under the Buyers Note will be fully paid off by October 31, 2016.

The property tax escrow cash balance held by the Partnership amounted to $10,855 at September 30, 2015, and is included in the property tax payable in the condensed balance sheets. Per the Buyers Note amortization schedule, the monthly payments are to total approximately $5,386 per month. The amortized principal payments yet to be received under the Buyers Note amounted to $72,099 as of September 30, 2015 and $115,339 as of December 31, 2014. During the nine month period ended September 30, 2015, nine note payments were received by the Partnership and totaled $43,240 in principal and $5,237 in interest.