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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details 3) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Oct. 28, 2009
Oct. 03, 2005
Mar. 02, 2005
Sep. 30, 2004
Aug. 31, 2004
Nov. 30, 2001
Hamilton Essex 81                    
Revenues                    
Rental income $ 362,007 $ 341,387 $ 721,908 $ 670,157            
Laundry and sundry income   4,200 2,492 8,120            
Total Revenues 362,007 345,587 724,400 678,277            
Expenses                    
Administrative 4,369 13,963 8,306 17,141            
Depreciation and amortization 112,979 108,267 224,448 216,170            
Management fee 16,392 15,829 31,737 29,105            
Operating 21,230 23,995 58,763 68,967            
Renting 6,221 10,850 6,721 10,967            
Repairs and maintenance 40,751 41,549 66,434 73,827            
Taxes and insurance 53,458 58,712 106,875 116,996            
Total Expenses 255,400 273,165 503,284 533,173            
Income Before Other Income 106,607 72,422 221,116 145,104            
Other Income (loss)                    
Interest expense (119,029) (120,829) (237,262) (240,198)            
Total Other Income (loss) (119,029) (120,829) (237,262) (240,198)            
Net Income (Loss) (12,422) (48,407) (16,146) (95,094)            
Proportionate share of net income (loss) $ (6,211) $ (24,203) $ (8,073) $ (47,547)            
Percentage of ownership interest 50.00% 50.00% 50.00% 50.00%            
Hamilton Essex Development                    
Revenues                    
Rental income $ 72,523 $ 73,236 $ 145,045 $ 146,472            
Total Revenues 72,523 73,236 145,045 146,472            
Expenses                    
Administrative 425 513 1,008 830            
Depreciation and amortization 2,821 2,823 5,644 5,644            
Management fee 2,901 2,929 5,802 5,859            
Repairs and maintenance   3,150   3,150            
Taxes and insurance 13,423 14,070 26,844 27,640            
Total Expenses 19,570 23,485 39,298 43,123            
Income Before Other Income 52,953 49,751 105,747 103,349            
Other Income (loss)                    
Interest expense (13,620) (13,977) (27,172) (27,896)            
Total Other Income (loss) (13,620) (13,977) (27,172) (27,896)            
Net Income (Loss) 39,333 35,774 78,575 75,453            
Proportionate share of net income (loss) $ 19,667 $ 17,887 $ 39,288 $ 37,727            
Percentage of ownership interest 50.00% 50.00% 50.00% 50.00%            
345 Franklin                    
Revenues                    
Rental income $ 342,800 $ 330,748 $ 678,276 $ 658,488            
Laundry and sundry income   657 323 235            
Total Revenues 342,800 331,405 678,599 658,723            
Expenses                    
Administrative 6,620 13,038 14,381 19,861            
Depreciation and amortization 93,793 100,379 187,586 200,104            
Management fee 15,131 14,839 29,240 28,505            
Operating 11,114 7,770 51,186 32,593            
Renting 2,760 180 9,105 3,623            
Repairs and maintenance 13,075 18,595 19,062 30,932            
Taxes and insurance 29,941 28,555 59,877 58,200            
Total Expenses 172,434 183,356 370,437 373,818            
Income Before Other Income 170,366 148,049 308,162 284,905            
Other Income (loss)                    
Interest expense (98,002) (97,821) (195,938) (195,574)            
Total Other Income (loss) (98,002) (97,821) (195,938) (195,574)            
Net Income (Loss) 72,364 50,228 112,224 89,331            
Proportionate share of net income (loss) $ 36,182 $ 25,114 $ 56,112 $ 44,666            
Percentage of ownership interest 50.00% 50.00% 50.00% 50.00%           50.00%
Hamilton 1025                    
Revenues                    
Rental income $ 237,028 $ 216,294 $ 477,428 $ 447,481            
Total Revenues 237,028 216,294 477,428 447,481            
Expenses                    
Administrative 1,170 2,193 3,162 4,161            
Depreciation and amortization 60,033 60,167 120,062 120,320            
Management fee 9,391 9,412 18,831 18,643            
Operating 223 193 348 353            
Renting   624   6,376            
Repairs and maintenance 78,891 84,068 155,388 164,511            
Taxes and insurance 42,844 40,770 85,895 81,374            
Total Expenses 192,552 197,427 383,686 395,738            
Income Before Other Income 44,476 18,867 93,742 51,743            
Other Income (loss)                    
Interest expense (68,953) (70,070) (137,440) (139,629)            
Interest Income 1 5 8 10            
Total Other Income (loss) (68,952) (70,065) (137,432) (139,619)            
Net Income (Loss) (24,476) (51,198) (43,690) (87,876)            
Proportionate share of net income (loss) $ (12,238) $ (25,598) $ (21,845) $ (43,938)            
Percentage of ownership interest 50.00% 50.00% 50.00% 50.00%     50.00%      
Hamilton Bay Sales                    
Revenues                    
Rental income $ 30,173 $ 43,923 $ 59,468 $ 106,721            
Total Revenues 30,173 43,923 59,468 106,721            
Expenses                    
Administrative 1,895 1,969 4,674 2,674            
Depreciation and amortization 8,987 19,175 17,974 38,350            
Management fee 1,049 1,891 2,323 4,275            
Operating 181 355 205 605            
Renting       753            
Repairs and maintenance 12,390 23,827 23,876 47,651            
Taxes and insurance 5,056 10,767 10,936 22,665            
Total Expenses 29,558 57,984 59,988 116,973            
Income Before Other Income 615 (14,061) (520) (10,252)            
Other Income (loss)                    
Interest expense (105) (205) (214) (399)            
Interest Income from Note   135   468            
Gain on Sale of Real Estate   248,239   300,522            
Other Income (Expenses)     (125)              
Total Other Income (loss) (105) 248,169 (339) 300,591            
Net Income (Loss) 510 234,108 (859) 290,339            
Proportionate share of net income (loss) $ 255 $ 117,054 $ (430) $ 145,171            
Percentage of ownership interest 50.00% 50.00% 50.00% 50.00%            
Hamilton Bay Apartments                    
Revenues                    
Rental income $ 236,513 $ 223,212 $ 487,086 $ 462,103            
Total Revenues 236,513 223,212 487,086 462,103            
Expenses                    
Administrative 1,809 5,732 3,624 10,577            
Depreciation and amortization 79,963 79,383 159,291 158,697            
Management fee 9,937 9,140 19,432 18,600            
Operating 44 580 708 1,039            
Renting   1,550 2,350 5,042            
Repairs and maintenance 101,359 70,304 186,217 143,741            
Taxes and insurance 38,394 41,247 76,225 82,005            
Total Expenses 231,506 207,936 447,847 419,701            
Income Before Other Income 5,007 15,276 39,239 42,402            
Other Income (loss)                    
Interest expense (64,775) (65,868) (129,239) (131,333)            
Total Other Income (loss) (64,775) (65,868) (129,239) (131,333)            
Net Income (Loss) (59,768) (50,592) (90,000) (88,931)            
Proportionate share of net income (loss) $ (29,884) $ (25,296) $ (45,000) $ (44,466)            
Percentage of ownership interest 50.00% 50.00% 50.00% 50.00%   50.00%        
Hamilton Minuteman                    
Revenues                    
Rental income $ 233,578 $ 232,870 $ 467,474 $ 456,812            
Laundry and sundry income   (1)   168            
Total Revenues 233,578 232,869 467,474 456,980            
Expenses                    
Administrative 1,069 2,440 2,693 5,443            
Depreciation and amortization 81,976 79,852 163,494 159,254            
Management fee 9,620 9,643 19,445 18,953            
Operating 13,935 11,248 46,482 44,102            
Renting 1,003 3,622 4,746 6,088            
Repairs and maintenance 17,640 21,547 32,764 38,434            
Taxes and insurance 31,013 29,665 61,971 59,235            
Total Expenses 156,256 158,017 331,595 331,509            
Income Before Other Income 77,322 74,852 135,879 125,471            
Other Income (loss)                    
Interest expense (76,066) (77,061) (151,557) (153,561)            
Total Other Income (loss) (76,066) (77,061) (151,557) (153,561)            
Net Income (Loss) 1,256 (2,209) (15,678) (28,090)            
Proportionate share of net income (loss) $ 628 $ (1,105) $ (7,839) $ (14,045)            
Percentage of ownership interest 50.00% 50.00% 50.00% 50.00%       50.00%    
Hamilton on Main Apts                    
Revenues                    
Rental income $ 762,855 $ 722,682 $ 1,524,128 $ 1,440,362            
Laundry and sundry income 11,805 9,692 22,446 19,148            
Total Revenues 774,660 732,374 1,546,574 1,459,510            
Expenses                    
Administrative 10,660 21,277 19,935 30,762            
Depreciation and amortization 242,355 237,117 483,116 473,132            
Management fee 30,974 29,557 61,054 57,820            
Operating 46,638 64,310 184,893 206,470            
Renting 1,636 11,268 3,401 18,097            
Repairs and maintenance 98,321 99,885 182,482 190,403            
Taxes and insurance 82,793 95,947 166,301 191,586            
Total Expenses 513,377 559,361 1,101,182 1,168,270            
Income Before Other Income 261,283 173,013 445,392 291,240            
Other Income (loss)                    
Interest expense (187,893) (201,634) (373,703) (402,014)            
Gain on Sale of Real Estate 96                  
Other Income (Expenses)     97              
Total Other Income (loss) (187,797) (201,634) (373,606) (402,014)            
Net Income (Loss) 73,486 (28,621) 71,786 (110,774)            
Proportionate share of net income (loss) $ 36,743 $ (14,310) $ 35,893 $ (55,386)            
Percentage of ownership interest 50.00% 50.00% 50.00% 50.00%         50.00%  
Dexter Park                    
Revenues                    
Rental income $ 3,572,475 $ 3,352,710 $ 7,061,280 $ 6,709,764            
Laundry and sundry income 24,833 23,213 44,078 48,593            
Total Revenues 3,597,308 3,375,923 7,105,358 6,758,357            
Expenses                    
Administrative 52,304 62,450 104,634 116,993            
Depreciation and amortization 816,804 1,348,640 1,631,773 2,694,103            
Management fee 80,673 76,544 155,624 148,442            
Operating 274,150 248,068 729,806 736,853            
Renting 16,920 38,946 33,213 57,536            
Repairs and maintenance 323,559 317,690 540,177 514,184            
Taxes and insurance 372,658 376,140 733,913 757,325            
Total Expenses 1,937,068 2,468,478 3,929,140 5,025,436            
Income Before Other Income 1,660,240 907,445 3,176,218 1,732,921            
Other Income (loss)                    
Interest expense (1,219,133) (1,237,262) (2,429,434) (2,464,957)            
Total Other Income (loss) (1,219,133) (1,237,262) (2,429,434) (2,464,957)            
Net Income (Loss) 441,107 (329,817) 746,784 (732,036)            
Proportionate share of net income (loss) $ 176,445 $ (131,927) $ 298,714 $ (292,814)            
Percentage of ownership interest 40.00% 40.00% 40.00% 40.00% 40.00%          
Total                    
Revenues                    
Rental income $ 5,849,952 $ 5,537,062 $ 11,622,093 $ 11,098,360            
Laundry and sundry income 36,638 37,761 69,339 76,264            
Total Revenues 5,886,590 5,574,823 11,691,432 11,174,624            
Expenses                    
Administrative 80,321 123,575 162,417 208,442            
Depreciation and amortization 1,499,711 2,035,803 2,993,388 4,065,774            
Management fee 176,068 169,784 343,488 330,202            
Operating 367,515 356,519 1,072,391 1,090,982            
Renting 28,540 67,040 59,536 108,482            
Repairs and maintenance 685,986 680,615 1,206,400 1,206,833            
Taxes and insurance 669,580 695,873 1,328,837 1,397,026            
Total Expenses 3,507,721 4,129,209 7,166,457 8,407,741            
Income Before Other Income 2,378,869 1,445,614 4,524,975 2,766,883            
Other Income (loss)                    
Interest expense (1,847,576) (1,884,727) (3,681,959) (3,755,561)            
Interest Income 1 5 8 10            
Interest Income from Note   135   468            
Gain on Sale of Real Estate 96 248,239   300,522            
Other Income (Expenses)     (28)              
Total Other Income (loss) (1,847,479) (1,636,348) (3,681,979) (3,454,561)            
Net Income (Loss) 531,390 (190,734) 842,996 (687,678)            
Proportionate share of net income (loss) 221,586 (62,382) 346,820 (270,633)            
Total | NERA 50%                    
Other Income (loss)                    
Proportionate share of net income (loss) 45,142 69,545 48,106 22,181            
Total | NERA 40%                    
Other Income (loss)                    
Proportionate share of net income (loss) $ 176,445 $ (131,927) $ 298,714 $ (292,814)