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Related Party Transactions and Arrangements (Details) (USD $)
3 Months Ended 3 Months Ended 3 Months Ended 1 Months Ended 0 Months Ended
Mar. 31, 2014
RCS Advisory Services, LLC
Mar. 31, 2014
Realty Capital Securities, LLC and American National Stock Transfer, LLC
Dealer Manager and Transfer Agent
Mar. 31, 2014
Realty Capital Securities, LLC and American National Stock Transfer, LLC
Dealer Manager and Transfer Agent
Information Agent and Advisory Service Fee
Mar. 31, 2014
New York Recovery Advisors, LLC and Realty Capital Securities, LLC
Advisor and Dealer Manager
Fees and expense reimbursements from the Advisor and Dealer Manager
Mar. 31, 2013
New York Recovery Advisors, LLC and Realty Capital Securities, LLC
Advisor and Dealer Manager
Fees and expense reimbursements from the Advisor and Dealer Manager
Mar. 31, 2014
New York Recovery Special Limited Partnership, LLC
Entity Wholly Owned by Sponsor
Dec. 31, 2013
New York Recovery Special Limited Partnership, LLC
Entity Wholly Owned by Sponsor
Mar. 31, 2014
Realty Capital Securities, LLC
Dealer Manager
Total commissions and fees incurred from Dealer Manager
Mar. 31, 2013
Realty Capital Securities, LLC
Dealer Manager
Total commissions and fees incurred from Dealer Manager
Mar. 31, 2014
Realty Capital Securities, LLC
Dealer Manager
Maximum
Gross Proceeds, Initial Public Offering
Mar. 31, 2014
New York Recovery Advisors, LLC
Advisor
Amount Available or Outstanding Under Financing Arrangement
Mar. 31, 2014
New York Recovery Advisors, LLC
Advisor
Contract Purchase Price
Mar. 31, 2014
New York Recovery Advisors, LLC
Advisor
Average Invested Assets
Mar. 31, 2014
New York Recovery Advisors, LLC
Advisor
Gross Revenue, Multi-tenant Properties
Mar. 31, 2014
New York Recovery Advisors, LLC
Advisor
Excess of Adjusted Market Value of Real Estate Assets Plus Distributions Over Aggregate Contributed Investor Capital
Mar. 31, 2014
New York Recovery Advisors, LLC
Advisor
Annual Targeted Investor Return
Pre-tax Non-compounded Return on Capital Contribution
Mar. 31, 2014
New York Recovery Advisors, LLC
Advisor
Maximum
Gross Revenue, Managed Properties
Mar. 31, 2014
New York Recovery Advisors, LLC
Advisor
Maximum
Contract Purchase Price
Mar. 31, 2014
New York Recovery Advisors, LLC
Advisor
Maximum
Average Invested Assets
Mar. 31, 2014
New York Recovery Advisors, LLC
Advisor
Maximum
Contract Sales Price
Mar. 31, 2014
New York Recovery Advisors, LLC
Advisor
Maximum
Brokerage Commission Fees
Contract Sales Price
Mar. 31, 2014
New York Recovery Advisors, LLC
Advisor
Maximum
Real Estate Commissioner
Contract Sales Price
Mar. 31, 2014
RCS Advisory Services, LLC
Transaction Management
Mar. 31, 2014
RCS Advisory Services, LLC
Dealer Manager
Fees and expense reimbursements from the Advisor and Dealer Manager
Mar. 31, 2014
Greater Of
New York Recovery Advisors, LLC
Advisor
Maximum
Net Income, Excluding Additions to Non-cash Reserves and Gains on Sales of Assets
Mar. 31, 2014
Greater Of
New York Recovery Advisors, LLC
Advisor
Maximum
Average Invested Assets
Apr. 30, 2014
Subsequent Event
Realty Capital Securities, LLC and American National Stock Transfer, LLC
Dealer Manager and Transfer Agent
Information Agent and Advisory Service Fee
Apr. 15, 2014
Subsequent Event
New York Recovery Advisors, LLC and Realty Capital Securities, LLC
Advisor
Contract Purchase Price
Apr. 15, 2014
Subsequent Event
New York Recovery Advisors, LLC
Advisor
Average Invested Assets
Related Party Transaction [Line Items]                                                          
Common stock held by related party, in shares           20,000 20,000                                            
Sales commissions earned by related party                   7.00%                                      
Acquisition fees earned by related party                       1.00%                                  
Expected Acquisition fees earned by related party                       0.50%                                  
Acquisition fees and acquisition related expenses earned by related party                                   4.50%                      
Asset management fees as a percentage of benchmark                         0.75%                               0.50%
Aggregate asset management and oversight fees as a percentage of benchmark                                     0.75%                    
Cumulative capital investment return                               6.00%                          
Unearned Class B Units, in Lieu of Asset Management Fees Paid in Cash                                                       1,188,667  
Share based compensation                                                       $ 11,500,000  
Property management fees as a percentage of benchmark                           4.00%                              
Oversight fees as a percentage of benchmark                                 1.00%                        
Financing coordination as a percentage of benchmark                     0.75%                                    
Operating expenses as a percentage of benchmark                                                 25.00% 2.00%      
Transaction management fee 3,000,000                                                        
Fees paid to related parties     600,000 0 696,000     8,000 7,160,000                           1,500,000 6,900,000     700,000    
Related Party Transaction, Transaction Fee Earned By Related Party, Percentage of Benchmark                                               0.25%          
Information agent and advisory service fee   $ 1,900,000                                                      
Real estate commission earned by related party                                       2.00% 50.00% 6.00%              
Subordinated incentive listing distribution                             15.00%