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Condensed Balance Sheets (Unaudited) (USD $)
Jun. 30, 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      
Building improvements and equipment 67,469,311 66,940,647
Less: accumulated depreciation (13,048,690) (12,187,313)
Building improvements after accumulated depreciation 54,420,621 54,753,334
Tenant improvements 7,695,538 5,793,417
Less: accumulated depreciation (1,922,304) (1,386,473)
Tenant improvements after accumulated depreciation 5,773,234 4,406,944
Land 7,240,000 7,240,000
Total real estate, net 67,433,855 66,400,278
Cash and cash equivalents 6,875,462 10,466,377
Due from Supervisor 87,202 87,202
Other receivable 9,201 3,357
Prepaid insurance 31,617  
Deferred costs 3,052,936 2,140,059
Leasing costs, less accumulated amortization of $1,509,865 in 2012 and $1,444,673 in 2011 1,159,550 1,066,705
Mortgage refinancing costs, less accumulated amortization of $2,007,039 in 2012 and $1,825,231 in 2011 866,593 1,048,401
Total assets 79,516,416 81,212,379
Liabilities:    
Mortgages payable 90,310,237 91,478,304
Accrued mortgage interest 423,088 428,479
Accrued supervisory fees, a related party 0 81,265
Payable to Lessee, a related party 2,231,755 720,066
Due to Supervisor 297,983 922,728
Accrued expenses 37,884 422,996
Total liabilities 93,300,947 94,053,838
Commitments and contingencies      
Members' deficiency (at June 30, 2012 and December 31, 2011, there were 700 units (at $10,000 per unit) of participation units outstanding) (13,784,531) (12,841,459)
Total liabilities and members' deficiency $ 79,516,416 $ 81,212,379