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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details 2) (USD $)
Jun. 30, 2013
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Dec. 31, 2012
Jun. 30, 2012
Dec. 31, 2011
Jun. 30, 2013
Hamilton Essex 81
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Jun. 30, 2012
Hamilton Essex 81
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Jun. 30, 2013
Hamilton Essex 81
NERA 50%
Jun. 30, 2012
Hamilton Essex 81
NERA 50%
Jun. 30, 2013
Hamilton Essex 81
Apartments
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Jun. 30, 2012
Hamilton Essex 81
Apartments
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Jun. 30, 2013
Hamilton Essex 81
Commercial
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Jun. 30, 2012
Hamilton Essex 81
Commercial
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Jun. 30, 2013
Hamilton Essex Development
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Jun. 30, 2012
Hamilton Essex Development
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Jun. 30, 2013
Hamilton Essex Development
NERA 50%
Jun. 30, 2012
Hamilton Essex Development
NERA 50%
Jun. 30, 2013
Hamilton Essex Development
Commercial
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Jun. 30, 2012
Hamilton Essex Development
Commercial
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Jun. 30, 2013
345 Franklin
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Jun. 30, 2012
345 Franklin
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Nov. 30, 2001
345 Franklin
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Jun. 30, 2013
345 Franklin
NERA 50%
Jun. 30, 2012
345 Franklin
NERA 50%
Jun. 30, 2013
345 Franklin
Apartments
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Jun. 30, 2012
345 Franklin
Apartments
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Jun. 30, 2013
Hamilton 1025
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Jun. 30, 2012
Hamilton 1025
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Mar. 02, 2005
Hamilton 1025
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Jun. 30, 2013
Hamilton 1025
NERA 50%
Jun. 30, 2012
Hamilton 1025
NERA 50%
Jun. 30, 2013
Hamilton 1025
Apartments
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Jun. 30, 2012
Hamilton 1025
Apartments
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Jun. 30, 2013
Hamilton 1025
Commercial
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Jun. 30, 2012
Hamilton 1025
Commercial
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Jun. 30, 2013
Hamilton Bay Sales
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Jun. 30, 2012
Hamilton Bay Sales
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Apr. 30, 2008
Hamilton Bay Sales
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Jun. 30, 2013
Hamilton Bay Sales
NERA 50%
Jun. 30, 2012
Hamilton Bay Sales
NERA 50%
Jun. 30, 2013
Hamilton Bay Sales
Apartments
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Jun. 30, 2012
Hamilton Bay Sales
Apartments
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Jun. 30, 2013
Hamilton Bay Apartments
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Jun. 30, 2012
Hamilton Bay Apartments
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Oct. 03, 2005
Hamilton Bay Apartments
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Jun. 30, 2013
Hamilton Bay Apartments
NERA 50%
Jun. 30, 2012
Hamilton Bay Apartments
NERA 50%
Jun. 30, 2013
Hamilton Bay Apartments
Apartments
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Jun. 30, 2012
Hamilton Bay Apartments
Apartments
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Jun. 30, 2013
Hamilton Minuteman
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Jun. 30, 2012
Hamilton Minuteman
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Sep. 30, 2004
Hamilton Minuteman
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Jun. 30, 2013
Hamilton Minuteman
NERA 50%
Jun. 30, 2012
Hamilton Minuteman
NERA 50%
Jun. 30, 2013
Hamilton Minuteman
Apartments
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Jun. 30, 2012
Hamilton Minuteman
Apartments
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Jun. 30, 2013
Hamilton on Main
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Jun. 30, 2012
Hamilton on Main
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May 31, 2008
Hamilton on Main
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Aug. 31, 2004
Hamilton on Main
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Jun. 30, 2013
Hamilton on Main
NERA 50%
Jun. 30, 2012
Hamilton on Main
NERA 50%
Jun. 30, 2013
Hamilton on Main
Apartments
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Jun. 30, 2012
Hamilton on Main
Apartments
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Jun. 30, 2013
Dexter Park
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Jun. 30, 2012
Dexter Park
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Oct. 28, 2009
Dexter Park
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Jun. 30, 2013
Dexter Park
NERA 40%
Jun. 30, 2012
Dexter Park
NERA 40%
Jun. 30, 2013
Dexter Park
Apartments
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Jun. 30, 2012
Dexter Park
Apartments
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Jun. 30, 2013
Total
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Jun. 30, 2012
Total
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Jun. 30, 2013
Total
NERA 50%
Jun. 30, 2012
Total
NERA 50%
Jun. 30, 2013
Total
NERA 40%
Jun. 30, 2012
Total
NERA 40%
Jun. 30, 2013
Total
Apartments
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Jun. 30, 2012
Total
Apartments
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Jun. 30, 2013
Total
Commercial
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Jun. 30, 2012
Total
Commercial
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ASSETS                                                                                                                                                                
Rental Properties $ 94,292,069 $ 94,973,600     $ 8,947,591 $ 9,261,771             $ 2,616,965 $ 2,611,819         $ 7,686,993 $ 8,049,593           $ 5,505,467 $ 5,744,197               $ 1,805,125 $ 1,882,240           $ 6,827,232 $ 7,118,237           $ 6,919,386 $ 7,152,206           $ 20,659,589 $ 21,534,347             $ 104,817,498 $ 110,257,477           $ 165,785,845 $ 173,611,888                
Cash & Cash Equivalents 3,291,685 6,981,906 5,181,834 4,050,157 3,147 58,404             29,108 24,262         231,329 26,170           9,023 296               23,732 24,634           10,077 17,487           25,303 18,057           174,000 51,045             659,245 577,044           1,164,964 797,399                
Rent Receivable 429,492 475,083     51,080 70,337                         8,863 9,048           6,872 12,082               4,062 2,563           4,887 5,692           9,600 4,380           10,730 10,138             104,164 132,465           200,257 246,705                
Real Estate Tax Escrow 347,420 449,652     83,964 49,442                         23,711 21,015           74,507 69,257                             53,440 93,063           34,783 42,103           68,934 107,470             420,641 483,938           759,979 866,288                
Investors Partner Loan Receivables         97,138                           61,036             4,572                 153,336                                                         1,149,915             1,465,997                  
Contra Investors Partner Loan         (97,138)                           (61,036)             (4,572)                 (153,336)                                                         (1,149,915)             (1,465,997)                  
Prepaid Expenses & Other Assets 2,767,011 3,073,890     75,717 85,426             1,153 1,110         27,615 91,415           42,202 97,825               123,516 161,820           24,192 104,087           51,529 76,573           228,073 273,435             1,464,682 1,306,813           2,038,677 2,198,503                
Financing & Leasing Fees 1,770,603 1,135,936     55,373 65,493             1,081 1,747         99,877 12,247           17,132 22,159               4,000 4,037           23,062 29,424           13,965 17,934           11,150 18,012             370,020 429,336           595,661 600,388                
Total Assets 118,140,170 121,538,490     9,216,871 9,590,873             2,648,307 2,638,938         8,078,388 8,209,487           5,655,204 5,945,816               1,960,434 2,075,295           6,942,889 7,367,990           7,054,565 7,311,253           21,152,475 21,994,446             107,836,250 113,187,073           170,545,384 178,321,171                
LIABILITIES AND PARTNERS' CAPITAL                                                                                                                                                                
Mortgage Notes Payable 131,671,632 138,055,522     8,292,287 8,406,631             2,067,378 2,118,990         10,000,000 6,936,102           4,901,467 4,964,768               1,668,000 1,668,000           4,670,319 4,730,815           5,397,023 5,466,352           15,462,916 15,748,668             87,999,131 89,166,547           140,458,521 139,206,873                
Investors Partner Loan Payables         97,138                           61,036             4,572                 153,336                                                         1,149,915             1,465,997                  
Contra Investors Partner Loan         (97,138)                           (61,036)             (4,572)                 (153,336)                                                         (1,149,915)             (1,465,997)                  
Accounts Payable & Accrued Exp 2,018,815 2,361,942     50,228 61,165             5,461 5,811         19,140 118,416           51,107 49,520               18,669 18,661           8,192 54,146           71,192 85,621           196,455 211,249             1,019,021 884,807           1,439,465 1,489,395                
Advance Rental Pymts & Security Dep 3,944,741 3,636,704     176,827 187,355                         175,850 147,570           93,472 85,841               29,033 24,499           96,673 87,189           66,703 68,827           321,725 262,993             2,059,402 1,919,814           3,019,685 2,784,087                
Total Liabilities 137,635,188 144,054,168     8,519,343 8,655,151             2,072,839 2,124,801         10,194,990 7,202,087           5,046,047 5,100,129               1,715,701 1,711,161           4,775,184 4,872,149           5,534,918 5,620,800           15,981,097 16,222,911             91,077,554 91,971,168           144,917,671 143,480,356                
Partners' Capital (19,495,018) (22,515,678) (21,677,705) (21,310,852) 697,529 935,722             575,469 514,137         (2,116,602) 1,007,400           609,157 845,687               244,733 364,134           2,167,705 2,495,641           1,519,648 1,690,453           5,171,379 5,771,535             16,758,697 21,215,906           25,627,712 34,840,816                
Total Liabilities and Partners' Capital 118,140,170 121,538,490     9,216,871 9,590,873             2,648,307 2,638,938         8,078,388 8,209,487           5,655,204 5,945,816               1,960,434 2,075,295           6,942,889 7,367,990           7,054,565 7,311,253           21,152,475 21,994,446             107,836,250 113,187,073           170,545,384 178,321,171                
Share of partners capital in investments             $ 348,764 $ 467,861             $ 287,734 $ 257,068           $ (1,058,301) $ 503,700           $ 304,578 $ 422,844               $ 122,366 $ 182,067           $ 1,083,852 $ 1,247,920           $ 759,824 $ 845,227             $ 2,585,689 $ 2,885,768           $ 6,703,479 $ 8,486,362     $ 11,137,986 $ 15,298,817 $ 4,434,508 $ 6,812,455 $ 6,703,479 $ 8,486,362        
Percentage of ownership interest             50.00% 50.00%             50.00% 50.00%         50.00% 50.00% 50.00%         50.00% 50.00% 50.00%               50.00% 50.00%         50.00% 50.00% 50.00%         50.00% 50.00% 50.00%           50.00% 50.00% 50.00%         40.00% 40.00% 40.00%         50.00% 50.00% 40.00% 40.00%        
Total units/ condominiums                                                                                                                                                                
Total         49 49     48 48 1 1 1 1     1 1 40 40 40     40 40 176 176 176     175 175 1 1 120 120 20     120 120 48 48 168     48 48 42 42 42     42 42 148 148   280     148 148 409 409 409     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                                                   127 127               120 120                                                                     247 247                
Units sold 0                                                 127 127 127             105 105                                           137                         232 232                
Unsold units                                                                     15 15                                                                     15 15