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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details 2) (USD $)
Jun. 30, 2012
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Dec. 31, 2011
Jun. 30, 2011
Dec. 31, 2010
Jun. 30, 2012
Apartments
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Jun. 30, 2012
Hamilton Essex 81
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Jun. 30, 2011
Hamilton Essex 81
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Jun. 30, 2012
Hamilton Essex 81
NERA 50%
Jun. 30, 2011
Hamilton Essex 81
NERA 50%
Jun. 30, 2012
Hamilton Essex 81
NERA 40%
Jun. 30, 2012
Hamilton Essex 81
Apartments
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Jun. 30, 2011
Hamilton Essex 81
Apartments
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Jun. 30, 2012
Hamilton Essex 81
Commercial buildings
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Jun. 30, 2011
Hamilton Essex 81
Commercial buildings
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Jun. 30, 2012
Hamilton Essex Development
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Jun. 30, 2011
Hamilton Essex Development
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Jun. 30, 2012
Hamilton Essex Development
NERA 50%
Jun. 30, 2011
Hamilton Essex Development
NERA 50%
Jun. 30, 2012
Hamilton Essex Development
NERA 40%
Jun. 30, 2012
Hamilton Essex Development
Commercial buildings
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Jun. 30, 2011
Hamilton Essex Development
Commercial buildings
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Jun. 30, 2012
345 Franklin
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Jun. 30, 2011
345 Franklin
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Nov. 30, 2001
345 Franklin
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Jun. 30, 2012
345 Franklin
NERA 50%
Jun. 30, 2011
345 Franklin
NERA 50%
Jun. 30, 2012
345 Franklin
NERA 40%
Jun. 30, 2012
345 Franklin
Apartments
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Jun. 30, 2011
345 Franklin
Apartments
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Jun. 30, 2012
Hamilton 1025
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Jun. 30, 2011
Hamilton 1025
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Mar. 02, 2005
Hamilton 1025
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Jun. 30, 2012
Hamilton 1025
NERA 50%
Jun. 30, 2011
Hamilton 1025
NERA 50%
Jun. 30, 2012
Hamilton 1025
NERA 40%
Jun. 30, 2012
Hamilton 1025
Apartments
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Jun. 30, 2011
Hamilton 1025
Apartments
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Jun. 30, 2012
Hamilton 1025
Commercial buildings
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Jun. 30, 2011
Hamilton 1025
Commercial buildings
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Jun. 30, 2012
Hamilton Bay Sales
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Jun. 30, 2011
Hamilton Bay Sales
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Apr. 30, 2008
Hamilton Bay Sales
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Jun. 30, 2012
Hamilton Bay Sales
NERA 50%
Jun. 30, 2011
Hamilton Bay Sales
NERA 50%
Jun. 30, 2012
Hamilton Bay Sales
NERA 40%
Jun. 30, 2012
Hamilton Bay Sales
Apartments
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Jun. 30, 2011
Hamilton Bay Sales
Apartments
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Jun. 30, 2012
Hamilton Bay Apts
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Jun. 30, 2011
Hamilton Bay Apts
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Oct. 03, 2005
Hamilton Bay Apts
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Jun. 30, 2012
Hamilton Bay Apts
NERA 50%
Jun. 30, 2011
Hamilton Bay Apts
NERA 50%
Jun. 30, 2012
Hamilton Bay Apts
NERA 40%
Jun. 30, 2012
Hamilton Bay Apts
Apartments
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Jun. 30, 2011
Hamilton Bay Apts
Apartments
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Jun. 30, 2012
Hamilton Minuteman
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Jun. 30, 2011
Hamilton Minuteman
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Sep. 30, 2004
Hamilton Minuteman
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Jun. 30, 2012
Hamilton Minuteman
NERA 50%
Jun. 30, 2011
Hamilton Minuteman
NERA 50%
Jun. 30, 2012
Hamilton Minuteman
NERA 40%
Jun. 30, 2012
Hamilton Minuteman
Apartments
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Jun. 30, 2011
Hamilton Minuteman
Apartments
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Jun. 30, 2012
Hamilton on Main Apts
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Jun. 30, 2011
Hamilton on Main Apts
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May 31, 2008
Hamilton on Main Apts
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Aug. 31, 2004
Hamilton on Main Apts
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Jun. 30, 2012
Hamilton on Main Apts
NERA 50%
Jun. 30, 2011
Hamilton on Main Apts
NERA 50%
Jun. 30, 2012
Hamilton on Main Apts
NERA 40%
Jun. 30, 2012
Hamilton on Main Apts
Apartments
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Jun. 30, 2011
Hamilton on Main Apts
Apartments
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Jun. 30, 2012
Dexter Park
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Jun. 30, 2011
Dexter Park
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Oct. 28, 2009
Dexter Park
Jun. 30, 2012
Dexter Park
NERA 50%
Jun. 30, 2012
Dexter Park
NERA 40%
Jun. 30, 2011
Dexter Park
NERA 40%
Jun. 30, 2012
Dexter Park
Apartments
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Jun. 30, 2011
Dexter Park
Apartments
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Jun. 30, 2012
Total
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Jun. 30, 2011
Total
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Jun. 30, 2012
Total
NERA 50%
Jun. 30, 2011
Total
NERA 50%
Jun. 30, 2012
Total
NERA 40%
Jun. 30, 2011
Total
NERA 40%
Jun. 30, 2012
Total
Apartments
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Jun. 30, 2011
Total
Apartments
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Jun. 30, 2012
Total
Commercial buildings
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Jun. 30, 2011
Total
Commercial buildings
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ASSETS                                                                                                                                                                                    
Rental Properties $ 96,859,188 $ 98,924,534       $ 9,261,771 $ 9,643,573               $ 2,611,819 $ 2,596,416           $ 8,049,593 $ 8,437,172             $ 5,744,197 $ 5,966,525                 $ 1,882,240 $ 1,968,516             $ 7,118,237 $ 7,425,418             $ 7,152,206 $ 7,464,615             $ 21,534,347 $ 22,387,877               $ 110,257,477 $ 115,685,885             $ 173,611,888 $ 181,575,997                
Cash & Cash Equivalents 5,181,834 4,050,157 3,992,198 3,245,361   58,404 27,239               24,262 41,041           26,170 58,927             296 473                 24,634 33,372             17,487 10,741             18,057 39,368             51,045 17,165               577,044 810,444             797,399 1,038,770                
Rent Receivable 446,777 434,252       70,337 19,130                 3,050           9,048 8,086             12,082 11,165                 2,563 539             5,692 5,972             4,380 5,591             10,138 12,813               132,465 249,184             246,705 315,528                
Real Estate Tax Escrow 432,319 401,325       49,442 88,832                             21,015 18,847             69,257 56,360                                 93,063 83,396             42,103 43,720             107,470 99,613               483,938 604,893             866,288 995,661                
Prepaid Expenses & Other Assets 3,654,247 3,866,652       85,426 88,029               1,110 1,085           91,415 80,137             97,825 83,316                 161,820 199,773             104,087 89,568             76,573 77,126             273,435 494,172               1,306,813 1,179,042             2,198,503 2,292,248                
Financing& Leasing Fees 941,293 919,187       65,493 84,509               1,747 1,048           12,247 20,413             22,159 27,185                 4,037 9,102             29,424 35,786             17,934 21,903             18,012 24,873               429,336 488,737             600,388 713,555                
Total Assets 122,814,471 125,376,764       9,590,873 9,951,313               2,638,938 2,642,641           8,209,487 8,623,582             5,945,816 6,145,023                 2,075,295 2,211,300             7,367,990 7,650,881             7,311,253 7,652,322             21,994,446 23,036,512               113,187,073 119,018,186             178,321,171 186,931,759                
LIABILITIES AND PARTNERS' CAPITAL                                                                                                                                                                                    
Mortgage Notes Payable 138,611,294 139,161,612       8,406,631 8,513,163               2,118,990 2,162,000           6,936,102 7,099,329             4,964,768 5,000,000                 4,730,815 4,750,000             1,668,000 1,668,000             5,466,352 5,500,000             15,748,668 16,017,627               89,166,547 89,914,000             139,206,873 140,624,120                
Accounts Payable & Accrued Expense 2,106,533 2,253,696       61,165 67,948               5,811 5,495           118,416 50,219             49,520 48,582                 18,661 16,738             54,146 10,972             85,621 80,605             211,249 225,151               884,807 778,220             1,489,395 1,283,930                
Advance Rental Pmts & Security Dep 3,774,349 3,603,708       187,355 183,278                             147,570 128,680             85,841 69,315                 24,499 20,231             87,189 84,842             68,827 73,317             262,993 258,529               1,919,814 1,819,871             2,784,087 2,638,062                
Total Liabilities 144,492,176 146,687,616       8,655,151 8,764,390               2,124,801 2,167,495           7,202,087 7,278,229             5,100,129 5,117,897                 1,711,161 1,704,969             4,872,149 4,845,814             5,620,800 5,653,922             16,222,911 16,501,306               91,971,168 92,512,091             143,480,356 144,546,112                
Partners Capital (21,677,705) (21,310,852) (20,498,621) (26,920,567)   935,722 1,186,923 467,861 593,462           514,137 475,146 257,068 237,573       1,007,400 1,345,353   503,700 672,677       845,687 1,027,126   422,844 513,563           364,134 506,331   182,067 253,166       2,495,641 2,805,067   1,247,920 1,402,534       1,690,453 1,998,400   845,227 999,200       5,771,535 6,535,206     2,885,768 3,267,603       21,215,906 26,506,095     8,486,362 10,602,438     34,840,816 42,385,648   7,939,776 8,486,362 10,602,438        
Total Liabilities& Capital 122,814,471 125,376,764       9,590,873 9,951,313               2,638,938 2,642,641           8,209,487 8,623,582             5,945,816 6,145,023                 2,075,295 2,211,300             7,367,990 7,650,881             7,311,253 7,652,322             21,994,446 23,036,512               113,187,073 119,018,186             178,321,171 186,931,759                
Share of partners capital in investments                                                                                                                                                                 $ 15,298,817 $ 18,542,214                
Percentage of ownership interest               50.00% 50.00% 40.00%             50.00% 50.00% 40.00%         50.00% 50.00% 50.00% 40.00%         50.00% 50.00% 50.00% 40.00%               50.00% 50.00% 40.00%         50.00% 50.00% 50.00% 40.00%         50.00% 50.00% 50.00% 40.00%           50.00% 50.00% 50.00% 40.00%         40.00% 50.00% 40.00% 40.00%         50.00% 50.00% 40.00% 40.00%        
Total units/ condominiums                                                                                                                                                                                    
Total 120       799 49 49       48 48 1 1 1 1       1 1 40 40 40       40 40 176 176 176       49 49 1 1 48 48 20       48 48 120 120 168       15 15 42 42 42       42 42 148 148   280       148 148 409 409         409 409 1,033 1,033         1,030 1,030 3 3
Units to be retained           49 49               1 1           40 40             49 49 49               48 48                 48           42 42             148 148               409 409             786 786                
Units to be sold 120                                                         127 127                 120 120                                                                               247 247                
Units sold 105                                                         127 127 127                               105 105                                 137               0             232 232                
Unsold units 15                                                                             15 15                                                                               15 15                
Unsold units with deposits for future sale                                                                                 0