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NOTE RECEIVABLE
6 Months Ended
Mar. 31, 2015
Receivables [Abstract]  
NOTE RECEIVABLE
NOTE RECEIVABLE
 
In October 2014, Barnwell sold one residential parcel for $1,250,000 and received a down payment of $343,000 and a purchase money mortgage from the buyer for the remainder of the sales price. The note is due 270 days from the closing date and the residential parcel is collateral for the note. The note is non-interest bearing and has accordingly been recorded at a discount using an interest rate based on market rates for similar instruments.