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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details)
1 Months Ended 12 Months Ended
Mar. 01, 2017
USD ($)
Sep. 12, 2016
USD ($)
Jul. 08, 2016
USD ($)
Sep. 30, 2015
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Oct. 18, 2013
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Oct. 28, 2009
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Oct. 03, 2005
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Mar. 07, 2005
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Mar. 02, 2005
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Sep. 30, 2004
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Aug. 31, 2004
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Aug. 31, 2014
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Oct. 31, 2004
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Dec. 31, 2016
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Dec. 31, 2015
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Dec. 31, 2014
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Feb. 01, 2016
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Feb. 01, 2015
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May 31, 2008
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Dec. 31, 2006
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Nov. 30, 2001
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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Investments in joint venture | $                           $ 8,336,505 $ 7,819,162 $ 8,807,868          
Outstanding amount of mortgage | $                           212,709,080 194,500,820            
Number of units                               1,033          
Number of units retained for long-term investment                               (786)          
Number of units sold                               240          
Interest paid | $                           9,942,000 9,838,000 $ 8,791,000          
Units to be sold                               247          
Distribution to the Partnership | $                           6,729,679 $ 3,785,883 $ 3,858,386          
Carrying value of investment to discontinue applying the equity method | $                           0              
Mortgages payable                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Outstanding amount of mortgage | $                           $ 212,709,000              
Dexter Park                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Ownership interest (as a percent)           40.00%                 40.00% 40.00%          
Investments in joint venture | $           $ 15,925,000                   $ 4,639,953          
Number of units                           409 409 409          
Number of units retained for long-term investment                           (409) (409) (409)          
Hamilton Bay Apts                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Ownership interest (as a percent)                             50.00% 50.00%          
Investments in joint venture | $                               $ 936,692          
Number of units                           48 48 48          
Number of units retained for long-term investment                             (48) (48)          
Units to be sold                           48              
Hamilton Bay Apts | Subsequent event                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Capital contributions | $ $ 2,222,000                                        
Repayment of loan | $ $ 4,444,918                                        
Hamilton Bay Sales                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Ownership interest (as a percent)                             50.00% 50.00%          
Investments in joint venture | $                               $ 503,800          
Number of units                           120 120 120          
Number of units sold                               113 119 115      
Capital contributions | $         $ 660,000                                
Units to be sold                           120 120 120          
Hamilton Essex Development, LLC and Hamilton Essex 81, LLC                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Ownership interest (as a percent)               50.00%                          
Investments in joint venture | $               $ 2,000,000                          
Purchase price of real estate properties | $               $ 14,300,000                          
Hamilton 1025                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Ownership interest (as a percent)                 50.00%           50.00% 50.00%          
Investments in joint venture | $                 $ 2,352,000             $ 190,632          
Number of units                 176         176 176 176          
Number of units retained for long-term investment                             (48) (49)          
Number of units sold                           10   127 139 127      
Capital contributions | $     $ 2,359,500                                    
Units to be sold                           176 127 127          
Hamilton Minuteman                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Ownership interest (as a percent)                   50.00%         50.00% 50.00%          
Investments in joint venture | $                   $ 5,075,000           $ 635,388          
Outstanding amount of mortgage | $                           $ 6,000,000              
Number of units                   42       42 42 42          
Number of units retained for long-term investment                           (42) (42) (42)          
Cash contribution by the entity towards loan | $                                       $ 1,250,000  
Hamilton Minuteman | Mortgages payable                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Mortgage amount | $   $ 6,000,000                                      
Interest rate (as a percent)   3.71%                                      
Period for which the entity is required to make interest only payments   15 years                                      
Repayment of loan | $   $ 5,158,000                                      
Distribution to the Partnership | $   $ 385,000                                      
Hamilton on Main Apts                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Ownership interest (as a percent)                     50.00%       50.00% 50.00%          
Investments in joint venture | $                     $ 8,000,000         $ 1,250,676          
Outstanding amount of mortgage | $                           $ 16,900,000              
Number of units                     280     148 148 148          
Number of units retained for long-term investment                           (148) (148) (148)          
345 Franklin                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Ownership interest (as a percent)                             50.00% 50.00%         50.00%
Investments in joint venture | $                                         $ 1,533,000
Number of units                           40 40 40         40
Number of units retained for long-term investment                           (40) (40) (40)          
Investment Properties                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Number of limited partnerships and limited liability companies in which the entity has invested                           9              
Number of partnerships investing in commercial property                           3              
Number of units                           1,033 1,033            
Number of units retained for long-term investment                           (689) (786)            
Number of units sold                                 258 242      
Units to be sold                           344 247            
Dexter Park                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Purchase price of real estate properties | $           $ 129,500,000                              
Hamilton Bay Sales and Hamilton Bay Apartments                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Number of units retained for long-term investment             48                            
Number of units sold             120                            
Purchase price of real estate properties | $             $ 30,875,000                            
Hamilton Essex 81                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Outstanding amount of mortgage | $                           $ 10,000,000              
Hamilton Essex 81 | Mortgage, 2.18% Plus LIBOR, September 2015                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Mortgage amount | $       $ 10,000,000                                  
Hamilton Essex 81 | Mortgage, 2.18% Plus LIBOR, September 2015 | LIBOR                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Margin over basis of interest rate (as a percent)       2.18%                                  
Basis of interest rate       one month LIBOR                                  
Hamilton 1025                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Number of units retained for long-term investment                 49                        
Number of units sold                 127                        
Purchase price of real estate properties | $                 $ 23,750,000                        
Hamilton on Main Apts                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Number of units sold                                     137    
Purchase price of real estate properties | $                     $ 56,000,000                    
Distribution to the Partnership | $                       $ 850,000                  
Hamilton Minuteman                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Purchase price of real estate properties | $                   $ 10,100,000                      
Distribution to the Partnership | $                         $ 3,775,000                
Residential buildings                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Number of units                               1,030          
Residential buildings | Dexter Park                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Number of units                           409 409 409          
Residential buildings | Hamilton Bay Apts                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Number of units                           48 48 48          
Residential buildings | Hamilton Bay Sales                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Number of units                           120 120 120          
Residential buildings | Hamilton 1025                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Number of units                           175 175 175          
Residential buildings | Hamilton Minuteman                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Number of units                           42 42 42          
Residential buildings | Hamilton on Main Apts                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Number of units                           148 148 148          
Residential buildings | 345 Franklin                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Number of units                           40 40 40          
Residential buildings | Investment Properties                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Number of units                           1,030 1,030            
Residential buildings | Dexter Park                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Number of units           409                              
Apartment | Hamilton Essex Development, LLC and Hamilton Essex 81, LLC                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Number of units               48                          
Commercial                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Number of units                               3          
Commercial | Hamilton Essex Development, LLC and Hamilton Essex 81, LLC                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Number of units               1                          
Commercial | Hamilton 1025                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Number of units                           1 1 1          
Commercial | Investment Properties                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Number of units                           3 3            
Car parking lot | Hamilton Essex Development, LLC and Hamilton Essex 81, LLC                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Capacity of real estate property (in cars per lot)               50                          
Minimum | Mortgages payable                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Interest rate (as a percent)                           2.51%              
Minimum | Investment Properties                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Ownership interest (as a percent)                           40.00%              
Minimum | Harold Brown | Investment Properties                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Ownership interest of related party (as a percent)                           43.20%              
Maximum | Mortgages payable                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Interest rate (as a percent)                           5.97%              
Maximum | Investment Properties                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Ownership interest (as a percent)                           50.00%              
Maximum | Harold Brown | Investment Properties                                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                          
Ownership interest of related party (as a percent)                           56.00%