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Investment in 111 West 57th Partners LLC (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
sqft
Sep. 30, 2013
sqft
Investment in 111 West 57th Partners LLC [Abstract]    
Amount of the investment $ 56,000,000 $ 56,000,000
Percentage ownership (in hundredths) 59.00% 59.00%
Additional indirect contribution 1,250,000 1,250,000
Additional ownership acquired through indirect contribution (in hundredths) 1.30% 1.30%
Additional contributions made by other partners in the agreement 37,750,000 37,750,000
Description of partnership agreement distribution   The JV Agreement and related operating agreements generally provide that all distributable cash shall be distributed as follows: (i) first, 100% to the members in proportion to their percentage interests until Investment LLC has received distributions yielding a 20% internal rate of return as calculated; (ii) second, 100% to the Sponsor as a return of (but not a return on) any additional capital contributions made by the Sponsor on account of manager overruns; and (iii) thereafter, (a) 50% to the members in proportion to their respective percentage interests at the time of such distribution, and (b) fifty percent 50% to the Sponsor.
Number of purchase agreements 3 3
Cost for inclusionary zoning rights 6,500,000 6,500,000
Area of Real Estate Property 346,000 346,000
Equity Method Investment, Difference Between Carrying Amount and Underlying Equity 867,000 867,000
Equity Method Investment, Summarized Financial Information, Assets [Abstract]    
Real estate held for development, net 254,030,000 254,030,000
Escrow deposits 44,125,000 44,125,000
Other assets 27,214,000 27,214,000
Total assets 325,369,000 325,369,000
Equity Method Investment, Summarized Financial Information, Liabilities [Abstract]    
Mortgage payable 230,000,000 230,000,000
Accounts payable 2,301,000 2,301,000
Total liabilities 232,301,000 232,301,000
Equity:    
Total equity 93,068,000 93,068,000
Total liabilities and equity 325,369,000 325,369,000
Income (Loss) [Abstract]    
Rental income 584,000 599,000
Expenses 1,059,000 1,094,000
Net income (loss) $ (475,000) $ (495,000)