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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue:        
Rent income, from a related party $ 2,021,980 $ 2,021,980 $ 4,038,275 $ 4,038,275
Interest and dividend income 3,261 3,959 4,660 6,379
Total revenue 2,025,241 2,025,939 4,042,935 4,044,654
Expenses:        
Interest on mortgages 1,678,262 1,678,261 3,339,912 3,339,912
Supervisory services, to a related party 196,104 39,854 392,209 79,708
Depreciation of building and improvements 314,708 314,708 629,415 629,415
Professional fees and miscellaneous expenses, including amounts paid to a related party 93,586 15,199 183,974 34,977
Total expenses 2,282,660 2,048,022 4,545,510 4,084,012
Net Loss (257,419) (22,083) (502,575) (39,358)
Loss per $10,000 participation unit, based on 3,300 participation units outstanding during the period $ (78.01) $ (6.69) $ (152.30) $ (11.93)
Distributions per $10,000 participation unit consisted of the following:        
Income $ 0 $ 0 $ 0 $ 0
Return of capital $ 294.64 $ 294.64 $ 589.29 $ 1,608.06
Total distributions $ 294.64 $ 294.64 $ 589.29 $ 1,608.06