XML 26 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Balance Sheets (Unaudited) (USD $)
6 Months Ended 12 Months Ended
Jun. 30, 2011
Dec. 31, 2010
Real estate:    
Building $ 16,960,000 $ 16,960,000
Less: accumulated depreciation 16,960,000 16,960,000
Building after accumulated depreciation 0 0
Building improvements and equipment 67,386,889 66,034,042
Less: accumulated depreciation 12,912,610 12,076,880
Building improvements after accumulated depreciation 54,474,279 53,957,162
Tenant improvements 6,008,077 5,598,316
Less: accumulated depreciation 961,944 515,948
Tenant improvements after accumulated depreciation 5,046,133 5,082,368
Land 7,240,000 7,240,000
Total real estate, net 66,760,412 66,279,530
Cash and cash equivalents 10,101,205 11,555,334
Due from Supervisor 87,202 87,202
Other receivable 3,357 3,357
Deferred costs 683,118 454,277
Leasing commissions, less accumulated amortization of $2,899,269 in 2011 and $2,742,063 in 2010 1,210,552 1,367,758
Mortgage refinancing costs, less accumulated amortization of $1,643,422 in 2011 and $1,461,613 in 2010 1,230,210 1,412,019
Total assets 80,076,056 81,159,477
Liabilities:    
Mortgages payable 92,614,550 93,719,850
Accrued mortgage interest 433,720 438,819
Accrued supervisory fees, a related party 156,000 78,000
Payable to Lessee, a related party 1,928,007 1,082,082
Due to Supervisor 0 43,555
Accrued expenses 60,775 238,200
Total liabilities 95,193,052 95,600,506
Commitments and contingencies    
Members' deficiency (At June 30, 2011 and December 31, 2010, there were 700 units (at $10,000 per unit) of participation units outstanding) (15,116,996) (14,441,029)
Total liabilities and members' deficiency $ 80,076,056 $ 81,159,477