Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Assets:
Cash and cash equivalents	$ 262,000	$ 586,000
Real estate owned:
Land	554,000	554,000
Buildings	1,900,000	1,900,000
Real estate owned, gross	2,454,000	2,454,000
Less: accumulated depreciation	786,000	774,000
Real estate owned, net	1,668,000	1,680,000
Investment in 111 West 57th Partners LLC	63,752,000	63,770,000
Other assets	142,000	166,000
Total assets	65,824,000	66,202,000
Liabilities:
Accounts payable and accrued liabilities	835,000	343,000
Loan payable	500,000	0
Other liabilities	0	0
Total liabilities	1,335,000	343,000
Commitments and contingencies (Note 9)
Stockholders' equity:
Common stock ($0.01 par value, 85,000 authorized in 2017 and 85,000 authorized in 2016, 46,410 issued and 40,738 outstanding in 2017 and 46,410 issued and 40,738 outstanding in 2016)	464,000	464,000
Additional paid-in capital	548,304,000	548,304,000
Accumulated deficit	(479,111,000)	(477,741,000)
Treasury stock, at cost - 2017 - 5,672 shares and 2016 - 5,672 shares	(5,168,000)	(5,168,000)
Total stockholders' equity	64,489,000	65,859,000
Total liabilities and stockholders' equity	$ 65,824,000	$ 66,202,000