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Investments in Equity Affiliates (Details 2) (USD $)
 3 Months Ended 9 Months Ended 12 Months Ended 9 Months Ended 12 Months Ended 9 Months Ended 12 Months Ended 1 Months Ended 3 Months Ended 1 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
item
Sep. 30, 2013
Dec. 31, 2013
item
Sep. 30, 2014
Bridge Loans
item
Dec. 31, 2013
Bridge Loans
item
Sep. 30, 2014
Mezzanine Loans
item
Dec. 31, 2013
Mezzanine Loans
item
Sep. 30, 2014
West Shore Cafe
Dec. 31, 2013
West Shore Cafe
Jul. 31, 2014
450 West 33rd Street
Sep. 30, 2014
450 West 33rd Street
Dec. 31, 2007
450 West 33rd Street
Sep. 30, 2014
East River
item
Sep. 30, 2014
East River
Mr. Ivan Kaufman
Aug. 31, 2014
East River
Bridge Loans
item
Jul. 31, 2014
930 Flushing & 80 Evergreen
May 31, 2014
930 Flushing & 80 Evergreen
Sep. 30, 2014
930 Flushing & 80 Evergreen
item
Dec. 31, 2013
930 Flushing & 80 Evergreen
Sep. 30, 2014
930 Flushing & 80 Evergreen
Bridge Loans
Sep. 30, 2014
930 Flushing & 80 Evergreen
Mezzanine Loans
Investment in Equity Affiliates                                              
Number of loans     143   144 98 95 22 27               2            
Loans and investments, gross $ 1,655,918,364   $ 1,655,918,364   $ 1,660,195,301 $ 1,213,584,295 $ 1,171,783,914 $ 90,762,106 $ 118,550,172               $ 5,000,000            
Number of properties owned                             2         2      
Percentage of ownership interest of related party in the entity                               95.00%              
Variable interest rate, description                                 5.5% over one-month LIBOR            
Variable rate, spread (as a percent)                                 5.50%            
Ownership interest retained                         1.44%                    
Property air rights retained                         50.00%                    
Ownership percentage                         29.00%   5.00%         12.50%      
Investments in equity affiliates 5,022,502   5,022,502   4,680,306         1,690,280 1,690,280   331,788   102,607           92,199    
Deferred revenue         77,123,133                 77,100,000                  
Amount of new debt guaranteed                           76,300,000                  
Deferred gain                       77,100,000                      
Prepaid incentive fees                       19,000,000                      
Net gain resulting from the recognition of the deferred gain as well as a prepaid incentive fee                       58,100,000                      
Unpaid Principal Balance of Loans to Equity Affiliates 102,876,176   102,876,176             1,687,500         4,994,166             22,400,000 500,000
Proceeds from sale of properties                                     7,900,000        
Income from equity affiliates (51,170) (81,723) 29,371 (245,412)                             7,900,000        
Debt repaid                                   $ 22,900,000