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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Income) (Details) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Oct. 28, 2009
Oct. 03, 2005
Mar. 02, 2005
Sep. 30, 2004
Aug. 31, 2004
Nov. 30, 2001
Investment Properties                
Revenues                
Rental income $ 6,090,723 $ 5,770,792            
Laundry and Sundry Income 41,933 34,051            
Total Revenues 6,132,656 5,804,843            
Expenses                
Administrative 93,356 82,095            
Depreciation and amortization 1,471,921 1,463,336            
Management Fees 175,714 167,418            
Operating 504,059 704,875            
Renting 39,049 30,537            
Repairs and Maintenance 649,244 520,873            
Taxes and Insurance 721,092 659,257            
Total Expenses 3,654,435 3,628,391            
Income Before Other Income 2,478,221 2,176,452            
Other Income (loss)                
Interest Expense (1,793,506) (1,864,724)            
Interest Income 3 6            
Gain on Sale of Real Estate 168,008 (125)            
Total Other Income (Loss) (1,625,495) (1,864,843)            
Net Income (Loss) 852,726 311,609            
Proportionate share of net income (loss) 369,604 125,234            
Investment Properties | NERA 50%                
Other Income (loss)                
Proportionate share of net income (loss) 142,564 2,963            
Investment Properties | NERA 40%                
Other Income (loss)                
Proportionate share of net income (loss) 227,040 122,271            
Hamilton Essex 81                
Revenues                
Rental income 398,797 358,551            
Laundry and Sundry Income 3,982 3,842            
Total Revenues 402,779 362,393            
Expenses                
Administrative 15,552 3,936            
Depreciation and amortization 111,964 107,339            
Management Fees 14,685 15,345            
Operating 30,503 37,532            
Renting 540 500            
Repairs and Maintenance 33,934 25,683            
Taxes and Insurance 57,435 53,418            
Total Expenses 264,613 243,753            
Income Before Other Income 138,166 118,640            
Other Income (loss)                
Interest Expense (70,608) (122,363)            
Total Other Income (Loss) (70,608) (122,363)            
Net Income (Loss) 67,558 (3,723)            
Hamilton Essex 81 | NERA 50%                
Other Income (loss)                
Proportionate share of net income (loss) $ 33,779 $ (1,862)            
Ownership interest (as a percent) 50.00% 50.00%            
Hamilton Essex Development                
Revenues                
Rental income $ 60,000 $ 72,523            
Total Revenues 60,000 72,523            
Expenses                
Administrative 425 583            
Depreciation and amortization 707 708            
Management Fees 2,400 2,901            
Taxes and Insurance 15,172 13,421            
Total Expenses 18,704 17,613            
Income Before Other Income 41,296 54,910            
Other Income (loss)                
Interest Expense   (15,667)            
Total Other Income (Loss)   (15,667)            
Net Income (Loss) 41,296 39,243            
Hamilton Essex Development | NERA 50%                
Other Income (loss)                
Proportionate share of net income (loss) $ 20,648 $ 19,622            
Ownership interest (as a percent) 50.00% 50.00%            
345 Franklin                
Revenues                
Rental income $ 366,918 $ 335,475            
Laundry and Sundry Income 1,590 323            
Total Revenues 368,508 335,798            
Expenses                
Administrative 9,987 7,761            
Depreciation and amortization 86,915 92,128            
Management Fees 14,837 14,108            
Operating 20,123 40,071            
Renting 185 6,345            
Repairs and Maintenance 16,708 5,988            
Taxes and Insurance 34,016 29,937            
Total Expenses 182,771 196,338            
Income Before Other Income 185,737 139,460            
Other Income (loss)                
Interest Expense (99,504) (99,601)            
Total Other Income (Loss) (99,504) (99,601)            
Net Income (Loss) 86,233 39,859            
Ownership interest (as a percent)               50.00%
345 Franklin | NERA 50%                
Other Income (loss)                
Proportionate share of net income (loss) $ 43,117 $ 19,929            
Ownership interest (as a percent) 50.00% 50.00%            
Hamilton 1025                
Revenues                
Rental income $ 235,321 $ 240,400            
Total Revenues 235,321 240,400            
Expenses                
Administrative 1,427 1,992            
Depreciation and amortization 59,065 58,772            
Management Fees 9,525 9,439            
Operating 365 125            
Repairs and Maintenance 77,481 76,497            
Taxes and Insurance 42,949 43,051            
Total Expenses 190,812 189,876            
Income Before Other Income 44,509 50,524            
Other Income (loss)                
Interest Expense (69,516) (69,744)            
Interest Income 3 6            
Total Other Income (Loss) (69,513) (69,738)            
Net Income (Loss) (25,004) (19,214)            
Ownership interest (as a percent)         50.00%      
Hamilton 1025 | NERA 50%                
Other Income (loss)                
Proportionate share of net income (loss) $ (12,502) $ (9,608)            
Ownership interest (as a percent) 50.00% 50.00%            
Hamilton Bay Sales                
Revenues                
Rental income $ 16,665 $ 29,295            
Total Revenues 16,665 29,295            
Expenses                
Administrative 1,899 2,779            
Depreciation and amortization 6,292 8,987            
Management Fees 670 1,274            
Operating 152 24            
Renting   (459)            
Repairs and Maintenance 8,017 11,944            
Taxes and Insurance 4,217 5,881            
Total Expenses 21,247 30,430            
Income Before Other Income (4,582) (1,135)            
Other Income (loss)                
Interest Expense (47) (110)            
Gain on Sale of Real Estate 168,008 (125)            
Total Other Income (Loss) 167,961 (235)            
Net Income (Loss) 163,379 (1,370)            
Hamilton Bay Sales | NERA 50%                
Other Income (loss)                
Proportionate share of net income (loss) $ 81,690 $ (685)            
Ownership interest (as a percent) 50.00% 50.00%            
Hamilton Bay Apts                
Revenues                
Rental income $ 248,827 $ 250,573            
Total Revenues 248,827 250,573            
Expenses                
Administrative 1,980 1,814            
Depreciation and amortization 79,392 77,737            
Management Fees 10,241 9,495            
Operating 294 665            
Renting 477 2,350            
Repairs and Maintenance 99,792 84,858            
Taxes and Insurance 41,909 37,830            
Total Expenses 234,085 214,749            
Income Before Other Income 14,742 35,824            
Other Income (loss)                
Interest Expense (65,912) (66,054)            
Total Other Income (Loss) (65,912) (66,054)            
Net Income (Loss) (51,170) (30,230)            
Ownership interest (as a percent)       50.00%        
Hamilton Bay Apts | NERA 50%                
Other Income (loss)                
Proportionate share of net income (loss) $ (25,585) $ (15,116)            
Ownership interest (as a percent) 50.00% 50.00%            
Hamilton Minuteman                
Revenues                
Rental income $ 248,561 $ 233,897            
Laundry and Sundry Income 245              
Total Revenues 248,806 233,897            
Expenses                
Administrative 1,307 1,624            
Depreciation and amortization 84,684 80,526            
Management Fees 10,335 9,825            
Operating 23,663 32,547            
Renting 3,855 3,742            
Repairs and Maintenance 53,661 15,124            
Taxes and Insurance 29,424 30,958            
Total Expenses 206,929 174,346            
Income Before Other Income 41,877 59,551            
Other Income (loss)                
Interest Expense (76,316) (76,483)            
Total Other Income (Loss) (76,316) (76,483)            
Net Income (Loss) (34,439) (16,932)            
Ownership interest (as a percent)           50.00%    
Hamilton Minuteman | NERA 50%                
Other Income (loss)                
Proportionate share of net income (loss) $ (17,220) $ (8,466)            
Ownership interest (as a percent) 50.00% 50.00%            
Hamilton on Main Apts                
Revenues                
Rental income $ 798,328 $ 761,273            
Laundry and Sundry Income 10,583 10,641            
Total Revenues 808,911 771,914            
Expenses                
Administrative 11,508 9,276            
Depreciation and amortization 237,896 236,749            
Management Fees 31,925 30,080            
Operating 69,090 138,255            
Renting 5,503 1,766            
Repairs and Maintenance 96,020 84,161            
Taxes and Insurance 127,811 83,506            
Total Expenses 579,753 583,793            
Income Before Other Income 229,158 188,121            
Other Income (loss)                
Interest Expense (191,883) (189,823)            
Total Other Income (Loss) (191,883) (189,823)            
Net Income (Loss) 37,275 (1,702)            
Ownership interest (as a percent)             50.00%  
Hamilton on Main Apts | NERA 50%                
Other Income (loss)                
Proportionate share of net income (loss) $ 18,638 $ (851)            
Ownership interest (as a percent) 50.00% 50.00%            
Dexter Park                
Revenues                
Rental income $ 3,717,306 $ 3,488,805            
Laundry and Sundry Income 25,533 19,245            
Total Revenues 3,742,839 3,508,050            
Expenses                
Administrative 49,271 52,330            
Depreciation and amortization 805,006 800,390            
Management Fees 81,096 74,951            
Operating 359,869 455,656            
Renting 28,489 16,293            
Repairs and Maintenance 263,631 216,618            
Taxes and Insurance 368,159 361,255            
Total Expenses 1,955,521 1,977,493            
Income Before Other Income 1,787,318 1,530,557            
Other Income (loss)                
Interest Expense (1,219,720) (1,224,879)            
Total Other Income (Loss) (1,219,720) (1,224,879)            
Net Income (Loss) 567,598 305,678            
Ownership interest (as a percent)     40.00%          
Dexter Park | NERA 40%                
Other Income (loss)                
Proportionate share of net income (loss) $ 227,040 $ 122,271            
Ownership interest (as a percent) 40.00% 40.00%