Component: (Network and Table) | |
---|---|
Network | 0140 - Statement - Statements of Cash Flows (http://250west57th.com/role/StatementsOfCashFlows) |
Table | (Implied) |
Reporting Entity [Axis] | 0000100412 (http://www.sec.gov/CIK) |
Statements of Cash Flows [Abstract] | Period [Axis] | |
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2011-01-01 - 2011-12-31 | 2010-01-01 - 2010-12-31 | |
Statements of Cash Flows [Abstract] | ||
Cash flows from operating activities: | ||
Net income | 3,461,340 | 4,666,313 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation of building and tenant improvements | 1,502,213 | 1,005,398 |
Amortization of leasing commissions | 191,639 | 184,664 |
Amortization of mortgage refinancing costs | 317,045 | 317,042 |
Changes in operating assets and liabilities: | ||
Change in accrued mortgage interest | 12,642 | (4,267) |
Change in accrued supervisory fees, related party | (11,000) | 31,000 |
Change in accrued expenses | (101,424) | 157,164 |
Change in due to Supervisor | 153,445 | 0 |
Net cash provided by operating activities | 5,525,900 | 6,357,314 |
Cash flows from investing activities: | ||
Purchase of building and tenant improvements | (4,623,863) | (940,630) |
Increase in payable to Lessee | (16,985) | 62,456 |
Net cash used in investing activities | (4,640,848) | (1,003,086) |
Cash flows from financing activities: | ||
Proceeds from mortgages payable | 5,000,000 | 0 |
Repayment of mortgages payable | (979,358) | (926,822) |
Change in deferred costs | (811,118) | (192,400) |
Distributions to participants | (3,282,704) | (4,615,783) |
Net cash used in financing activities | (73,180) | (5,735,005) |
Net increase (decrease) in cash and cash equivalents | 811,872 | (380,777) |
Cash and cash equivalents, beginning of year | 1,513,152 | 1,893,929 |
Cash and cash equivalents, end of year | 2,325,024 | 1,513,152 |
Supplemental disclosure of cash flow information: | ||
Cash paid for interest | 2,264,153 | 2,316,690 |