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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details 3) (USD $)
3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Hamilton Essex 81
Jun. 30, 2012
Hamilton Essex 81
Jun. 30, 2013
Hamilton Essex 81
Jun. 30, 2012
Hamilton Essex 81
Jun. 30, 2013
Hamilton Essex 81
NERA 50%
Jun. 30, 2012
Hamilton Essex 81
NERA 50%
Jun. 30, 2013
Hamilton Essex 81
NERA 50%
Jun. 30, 2012
Hamilton Essex 81
NERA 50%
Jun. 30, 2013
Hamilton Essex Development
Jun. 30, 2012
Hamilton Essex Development
Jun. 30, 2013
Hamilton Essex Development
Jun. 30, 2012
Hamilton Essex Development
Jun. 30, 2013
Hamilton Essex Development
NERA 50%
Jun. 30, 2012
Hamilton Essex Development
NERA 50%
Jun. 30, 2013
Hamilton Essex Development
NERA 50%
Jun. 30, 2012
Hamilton Essex Development
NERA 50%
Jun. 30, 2013
345 Franklin
Jun. 30, 2012
345 Franklin
Jun. 30, 2013
345 Franklin
Jun. 30, 2012
345 Franklin
Nov. 30, 2001
345 Franklin
Jun. 30, 2013
345 Franklin
NERA 50%
Jun. 30, 2012
345 Franklin
NERA 50%
Jun. 30, 2013
345 Franklin
NERA 50%
Jun. 30, 2012
345 Franklin
NERA 50%
Jun. 30, 2013
Hamilton 1025
Jun. 30, 2012
Hamilton 1025
Jun. 30, 2013
Hamilton 1025
Jun. 30, 2012
Hamilton 1025
Mar. 02, 2005
Hamilton 1025
Jun. 30, 2013
Hamilton 1025
NERA 50%
Jun. 30, 2012
Hamilton 1025
NERA 50%
Jun. 30, 2013
Hamilton 1025
NERA 50%
Jun. 30, 2012
Hamilton 1025
NERA 50%
Jun. 30, 2013
Hamilton Bay Apartments
Jun. 30, 2012
Hamilton Bay Apartments
Jun. 30, 2013
Hamilton Bay Apartments
Jun. 30, 2012
Hamilton Bay Apartments
Oct. 03, 2005
Hamilton Bay Apartments
Jun. 30, 2013
Hamilton Bay Apartments
NERA 50%
Jun. 30, 2012
Hamilton Bay Apartments
NERA 50%
Jun. 30, 2013
Hamilton Bay Apartments
NERA 50%
Jun. 30, 2012
Hamilton Bay Apartments
NERA 50%
Jun. 30, 2013
Hamilton Bay Sales
Jun. 30, 2012
Hamilton Bay Sales
Jun. 30, 2013
Hamilton Bay Sales
Jun. 30, 2012
Hamilton Bay Sales
Jun. 30, 2013
Hamilton Bay Sales
NERA 50%
Jun. 30, 2012
Hamilton Bay Sales
NERA 50%
Jun. 30, 2013
Hamilton Bay Sales
NERA 50%
Jun. 30, 2012
Hamilton Bay Sales
NERA 50%
Jun. 30, 2013
Hamilton Minuteman
Jun. 30, 2012
Hamilton Minuteman
Jun. 30, 2013
Hamilton Minuteman
Jun. 30, 2012
Hamilton Minuteman
Sep. 30, 2004
Hamilton Minuteman
Jun. 30, 2013
Hamilton Minuteman
NERA 50%
Jun. 30, 2012
Hamilton Minuteman
NERA 50%
Jun. 30, 2013
Hamilton Minuteman
NERA 50%
Jun. 30, 2012
Hamilton Minuteman
NERA 50%
Jun. 30, 2013
Hamilton on Main
Jun. 30, 2012
Hamilton on Main
Jun. 30, 2013
Hamilton on Main
Jun. 30, 2012
Hamilton on Main
Aug. 31, 2004
Hamilton on Main
Jun. 30, 2013
Hamilton on Main
NERA 50%
Jun. 30, 2012
Hamilton on Main
NERA 50%
Jun. 30, 2013
Hamilton on Main
NERA 50%
Jun. 30, 2012
Hamilton on Main
NERA 50%
Jun. 30, 2013
Dexter Park
Jun. 30, 2012
Dexter Park
Jun. 30, 2013
Dexter Park
Jun. 30, 2012
Dexter Park
Oct. 28, 2009
Dexter Park
Jun. 30, 2013
Dexter Park
NERA 40%
Jun. 30, 2012
Dexter Park
NERA 40%
Jun. 30, 2013
Dexter Park
NERA 40%
Jun. 30, 2012
Dexter Park
NERA 40%
Jun. 30, 2013
Total
Jun. 30, 2012
Total
Jun. 30, 2013
Total
Jun. 30, 2012
Total
Jun. 30, 2013
Total
NERA 50%
Jun. 30, 2012
Total
NERA 50%
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
NERA 40%
Jun. 30, 2012
Total
NERA 40%
Revenues                                                                                                                                                                                            
Rental income $ 8,904,762 $ 8,594,881 $ 17,828,769 $ 17,235,744 $ 335,464 $ 333,509 $ 663,919 $ 626,002         $ 71,896 $ 72,046 $ 143,792 $ 144,092         $ 311,745 $ 287,052 $ 616,034 $ 578,703           $ 221,666 $ 211,699 $ 441,883 $ 421,727           $ 222,162 $ 216,498 $ 441,443 $ 436,161           $ 61,864 $ 59,714 $ 121,472 $ 111,192         $ 216,932 $ 201,973 $ 432,789 $ 398,676           $ 676,242 $ 649,487 $ 1,353,188 $ 1,297,371           $ 3,171,661 $ 3,051,260 $ 6,331,670 $ 6,062,838           $ 5,289,631 $ 5,083,238 $ 10,546,189 $ 10,076,761                
Laundry and sundry income 98,000 96,955 193,686 189,094 5,151 3,540 8,997 7,073                         1,288 600 1,933 1,188                                                               464 83 675 491           7,510 4,617 17,281 9,980           24,997 21,355 46,429 43,855           39,411 30,195 75,316 62,587                
Total Revenues 9,002,762 8,691,836 18,022,455 17,424,838 340,615 337,049 672,916 633,075         71,896 72,046 143,792 144,092         313,033 287,652 617,968 579,891           221,666 211,699 441,883 421,727           222,162 216,498 441,443 436,161           61,864 59,714 121,472 111,192         217,396 202,056 433,464 399,167           683,752 654,104 1,370,469 1,307,350           3,196,658 3,072,615 6,378,099 6,106,693           5,329,041 5,113,433 10,621,505 10,139,348                
Expenses                                                                                                                                                                                            
Administrative 697,238 406,665 1,149,855 892,158 6,074 4,330 9,928 7,606         386 547 703 1,114         8,699 8,864 14,431 15,366           2,124 2,189 3,805 2,480           3,669 15,351 7,551 23,711           2,813 1,895 3,586 4,103         2,042 1,982 2,465 2,931           9,769 12,303 18,408 26,098           66,845 66,572 113,724 109,434           102,422 114,031 174,601 192,842                
Depreciation and amortization 1,479,860 1,534,033 2,933,991 3,037,517 106,494 103,742 212,066 206,865         2,245 3,243 4,488 6,485         110,055 112,159 215,739 222,140           60,128 63,477 120,215 126,593           76,840 74,723 153,638 149,087           20,035 19,736 41,098 39,472         79,225 79,613 157,933 158,546           244,233 240,010 488,767 476,667           1,440,022 1,438,955 2,878,479 2,870,999           2,139,276 2,135,656 4,272,422 4,256,855                
Management fees         13,762 14,208 26,015 27,026         2,876 2,882 5,752 5,764         12,707 12,115 25,782 24,116           9,227 8,333 18,186 16,885           9,422 8,599 17,887 16,992           2,649 2,537 4,987 4,587         8,538 7,978 17,076 16,016           28,298 26,698 57,339 52,207           68,497 66,306 133,507 129,568           155,978 149,656 306,530 293,161                
Operating 814,609 702,327 2,246,784 1,928,077 28,483 22,810 63,549 53,132                         14,190 14,338 40,044 29,481           452 570 712 635           195 217 617 905           382 256 1,962 927         18,737 13,014 41,947 37,721           77,185 73,937 191,181 178,324           235,835 243,755 564,660 547,102           375,460 368,896 904,672 848,227                
Renting 26,815 52,979 56,666 99,362 200 150 9,550 2,090                         23   1,788 141           3,220 659 3,925 2,328           6,845 2,377 7,250 3,271           1,425 535 1,425 1,450         1,703 1,083 4,042 1,993           1,994 4,556 3,305 6,580           15,098 10,807 26,654 41,798           30,508 20,169 57,939 59,652                
Repairs and maintenance 1,515,934 1,274,441 2,597,213 2,326,786 41,851 32,326 64,094 54,878         3,150 4,150 3,700 4,525         24,593 28,474 38,179 44,319           81,300 76,398 157,409 146,192           72,781 68,837 147,694 133,219           23,216 15,410 45,986 32,177         15,442 17,521 25,537 29,497           79,801 103,533 165,706 197,892           272,433 285,183 454,017 429,952           614,565 631,833 1,102,323 1,072,650                
Taxes and insurance 1,204,862 1,022,677 2,365,792 2,152,870 55,878 50,693 111,759 100,878         12,209 12,844 24,407 25,186         28,069 25,296 56,255 50,561           38,381 36,671 77,131 73,592           35,468 40,902 71,147 81,677           10,389 11,918 20,619 23,560         31,082 25,458 61,948 50,868           84,473 83,186 169,290 168,309           346,742 364,513 742,955 744,643           642,690 651,482 1,335,512 1,319,275                
Total Expenses 6,113,940 5,354,730 12,094,175 11,145,559 252,742 228,259 496,961 452,475         20,865 23,666 39,051 43,074         198,337 201,245 392,218 386,125           194,832 188,296 381,383 368,706           205,220 211,006 405,784 408,862           60,909 52,287 119,663 106,276         156,769 146,648 310,947 297,573           525,753 544,223 1,093,996 1,106,077           2,445,472 2,476,092 4,913,995 4,873,495           4,060,899 4,071,723 8,153,999 8,042,662                
Income Before Other Income and Discontinued Operation 2,888,822 3,337,106 5,928,280 6,279,279 87,873 108,790 175,955 180,601         51,031 48,380 104,741 101,018         114,696 86,406 225,750 193,766           26,834 23,403 60,499 53,021           16,941 5,492 35,658 27,299           955 7,426 1,809 4,916         60,627 55,408 122,516 101,594           157,999 109,981 276,473 201,274           751,186 596,522 1,464,104 1,233,197           1,268,143 1,041,709 2,467,506 2,096,686                
Other Income (loss)                                                                                                                                                                                            
Interest expense (1,762,647) (1,911,952) (3,603,716) (3,846,413) (122,047) (124,068) (243,202) (248,551)         (14,668) (15,034) (29,266) (30,327)         (138,605) (121,314) (257,547) (245,913)           (70,998) (71,826) (141,481) (143,846)           (66,707) (67,577) (132,973) (135,267)           (24,507) (24,445) (48,689) (48,871)         (78,076) (79,013) (155,538) (158,370)           (205,633) (208,988) (409,587) (418,707)           (1,252,195) (1,267,892) (2,495,453) (2,540,630)           (1,973,436) (1,980,156) (3,913,736) (3,970,481)                
Interest Income 351 553 715 1,192                                 13 12 26 24           2 21 2 41                             41 53 86 114                                             57   57             113 86 171 178                
Interest Income from Note                                                                                               911 1,635 2,007 3,442                                                               911 1,635 2,007 3,442                
Other Income (Expenses)                                         (68,588)   (68,588)                                                                                                                       (68,588)   (68,588)                  
Total Other Income (loss) (2,098,628) (2,312,625) (4,256,190) (4,649,565) (122,047) (124,068) (243,202) (248,551)         (14,668) (15,034) (29,266) (30,327)         (207,180) (121,302) (326,109) (245,889)           (70,996) (71,805) (141,478) (143,805)           (66,707) (67,577) (132,973) (135,267)           (23,555) (22,757) (46,596) (45,315)         (78,076) (79,013) (155,538) (158,370)           (205,633) (208,988) (409,587) (418,707)           (1,252,138) (1,267,892) (2,495,396) (2,540,630)           (2,041,000) (1,978,435) (3,980,146) (3,966,860)                
Net Income 4,469,116 1,047,262 5,370,742 1,674,214 (34,174) (15,278) (67,247) (67,950)         36,362 33,346 75,475 70,691         (92,484) (34,895) (100,359) (52,123)           (44,162) (48,402) (80,979) (90,784)           (49,765) (62,085) (97,315) (107,968)           (22,600) (15,331) (44,787) (40,398)         (17,449) (23,605) (33,022) (56,776)           (47,633) (99,107) (133,114) (217,433)           (500,951) (671,370) (1,031,292) (1,307,433)           (772,857) (936,726) (1,512,639) (1,870,174)                
Proportionate share of net loss $ (336,333) $ (401,226) $ (653,190) $ (804,344)         $ (17,087) $ (7,639) $ (33,623) $ (33,975)         $ 18,181 $ 16,673 $ 37,737 $ 35,345           $ (46,242) $ (17,448) $ (50,180) $ (26,061)           $ (22,081) $ (24,201) $ (40,489) $ (45,392)           $ (24,883) $ (31,043) $ (48,657) $ (53,984)         $ (11,300) $ (7,665) $ (22,393) $ (20,199)           $ (8,725) $ (11,802) $ (16,511) $ (28,388)           $ (23,817) $ (49,553) $ (66,557) $ (108,717)           $ (200,380) $ (268,548) $ (412,517) $ (522,973) $ (336,333) $ (401,226) $ (653,190) $ (804,344) $ (135,953) $ (132,678) $ (240,673) $ (281,371) $ (200,380) $ (268,548) $ (412,517) $ (522,973)
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% 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% 40.00% 40.00%         50.00% 50.00% 50.00% 50.00% 40.00% 40.00% 40.00% 40.00%