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Condensed Balance Sheets (Unaudited) (USD $)
Mar. 31, 2012
Dec. 31, 2011
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 67,249,293 66,940,647
Less: accumulated depreciation (12,617,413) (12,187,313)
Building improvements after accumulated depreciation 54,631,880 54,753,334
Tenant improvements 5,870,165 5,793,417
Less: accumulated depreciation (1,609,769) (1,386,473)
Tenant improvements after accumulated depreciation 4,260,396 4,406,944
Land 7,240,000 7,240,000
Total real estate, net 66,132,276 66,400,278
Cash and cash equivalents 8,443,362 10,466,377
Due from Supervisor 87,202 87,202
Other receivable 3,357 3,357
Deferred costs 2,432,116 2,140,059
Leasing costs, less accumulated amortization of $1,522,605 in 2012 and $1,444,673 in 2011 1,185,885 1,066,705
Mortgage refinancing costs, less accumulated amortization of $1,916,135 in 2012 and $1,825,231 in 2011 957,497 1,048,401
Total assets 79,241,695 81,212,379
Liabilities:    
Mortgages payable 90,898,304 91,478,304
Accrued mortgage interest 425,802 428,479
Accrued supervisory fees, a related party 0 81,265
Payable to Lessee, a related party 952,710 720,066
Due to Supervisor 166,524 922,728
Accrued expenses 5,634 422,996
Total liabilities 92,448,974 94,053,838
Commitments and contingencies      
Members' deficiency (at March 31, 2012 and December 31, 2011, there were 700 units (at $10,000 per unit) of participation units outstanding) (13,207,279) (12,841,459)
Total liabilities and members' deficiency $ 79,241,695 $ 81,212,379