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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details 2) (USD $)
Sep. 30, 2013
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Dec. 31, 2012
Sep. 30, 2012
Dec. 31, 2011
Sep. 30, 2013
Hamilton Essex 81
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Sep. 30, 2012
Hamilton Essex 81
Sep. 30, 2013
Hamilton Essex 81
NERA 50%
Sep. 30, 2012
Hamilton Essex 81
NERA 50%
Sep. 30, 2013
Hamilton Essex 81
Apartments
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Sep. 30, 2013
Hamilton Essex 81
Commercial
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Sep. 30, 2013
Hamilton Essex Development
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Sep. 30, 2012
Hamilton Essex Development
Sep. 30, 2013
Hamilton Essex Development
NERA 50%
Sep. 30, 2012
Hamilton Essex Development
NERA 50%
Sep. 30, 2013
Hamilton Essex Development
Commercial
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Sep. 30, 2013
345 Franklin
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Sep. 30, 2012
345 Franklin
Nov. 30, 2001
345 Franklin
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Sep. 30, 2013
345 Franklin
NERA 50%
Sep. 30, 2012
345 Franklin
NERA 50%
Sep. 30, 2013
345 Franklin
Apartments
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Sep. 30, 2013
Hamilton 1025
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Sep. 30, 2012
Hamilton 1025
Mar. 02, 2005
Hamilton 1025
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Sep. 30, 2013
Hamilton 1025
NERA 50%
Sep. 30, 2012
Hamilton 1025
NERA 50%
Sep. 30, 2013
Hamilton 1025
Apartments
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Sep. 30, 2013
Hamilton 1025
Commercial
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Sep. 30, 2013
Hamilton Bay Sales
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Sep. 30, 2012
Hamilton Bay Sales
Apr. 30, 2008
Hamilton Bay Sales
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Sep. 30, 2013
Hamilton Bay Sales
NERA 50%
Sep. 30, 2012
Hamilton Bay Sales
NERA 50%
Sep. 30, 2013
Hamilton Bay Sales
Apartments
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Sep. 30, 2013
Hamilton Bay Apartments
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Sep. 30, 2012
Hamilton Bay Apartments
Oct. 03, 2005
Hamilton Bay Apartments
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Sep. 30, 2013
Hamilton Bay Apartments
NERA 50%
Sep. 30, 2012
Hamilton Bay Apartments
NERA 50%
Sep. 30, 2013
Hamilton Bay Apartments
Apartments
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Sep. 30, 2013
Hamilton Minuteman
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Sep. 30, 2012
Hamilton Minuteman
Sep. 30, 2004
Hamilton Minuteman
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Sep. 30, 2013
Hamilton Minuteman
NERA 50%
Sep. 30, 2012
Hamilton Minuteman
NERA 50%
Sep. 30, 2013
Hamilton Minuteman
Apartments
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Sep. 30, 2013
Hamilton on Main
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Sep. 30, 2012
Hamilton on Main
May 31, 2008
Hamilton on Main
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Aug. 31, 2004
Hamilton on Main
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Sep. 30, 2013
Hamilton on Main
NERA 50%
Sep. 30, 2012
Hamilton on Main
NERA 50%
Sep. 30, 2013
Hamilton on Main
Apartments
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Sep. 30, 2013
Dexter Park
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Sep. 30, 2012
Dexter Park
Oct. 28, 2009
Dexter Park
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Sep. 30, 2013
Dexter Park
NERA 40%
Sep. 30, 2012
Dexter Park
NERA 40%
Sep. 30, 2013
Dexter Park
Apartments
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Sep. 30, 2013
Total
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Sep. 30, 2012
Total
Sep. 30, 2013
Total
NERA 50%
Sep. 30, 2012
Total
NERA 50%
Sep. 30, 2013
Total
NERA 40%
Sep. 30, 2012
Total
NERA 40%
Sep. 30, 2013
Total
Apartments
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Sep. 30, 2013
Total
Commercial
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ASSETS                                                                                                                                      
Rental Properties $ 154,264,585 $ 94,973,600     $ 8,855,213 $ 9,201,729         $ 2,617,557 $ 2,611,197       $ 7,596,004 $ 7,962,705         $ 5,448,764 $ 5,685,935           $ 1,785,933 $ 1,863,770         $ 6,752,521 $ 7,045,549         $ 6,851,307 $ 7,077,941         $ 20,455,309 $ 21,317,705           $ 103,516,956 $ 108,880,125         $ 163,879,565 $ 171,646,656            
Cash & Cash Equivalents 5,259,049 6,981,906 5,322,287 4,050,157 18,578 3,682         24,337 12,525       15,400 57,974         743 66           901 14,203         14,460 98         60,794 42,880         15,593 159,507           919,270 782,730         1,070,076 1,073,665            
Rent Receivable 564,197 475,083     25,174 45,283                   3,684 905         5,841 7,924           4,019 654         10,560 2,929           4,791         8,402 5,055           72,166 50,229         129,845 117,770            
Real Estate Tax Escrow 262,787 449,652     92,679 49,793                   39,519 39,686         77,637 71,850                       51,134 95,568         38,025 42,857         70,460 109,839           417,391 430,978         786,845 840,573            
Prepaid Expenses & Other Assets 5,402,043 3,073,890     89,720 96,118         889 807       43,130 97,491         46,234 102,622           113,082 152,270         28,815 107,997         51,583 76,040         306,657 292,984           1,532,522 1,328,474         2,212,631 2,254,803            
Financing & Leasing Fees 1,225,463 1,135,936     51,002 64,805         9,067 5,946       98,213 10,205         15,876 20,902             2,771         21,472 27,833         12,973 16,942         9,435 16,296           355,191 414,507         573,227 580,208            
Total Assets 177,630,695 121,538,490     9,132,365 9,461,410         2,651,850 2,630,476       7,795,948 8,168,966         5,595,095 5,889,300           1,903,935 2,033,669         6,878,962 7,279,975         7,014,682 7,261,451         20,865,856 21,901,385           106,813,495 111,887,043         168,652,189 176,513,675            
LIABILITIES AND PARTNERS' CAPITAL                                                                                                                                      
Mortgage Notes Payable 191,974,239 138,055,522     8,263,635 8,379,679         2,054,475 2,106,087       10,000,000 6,893,510         4,885,643 4,949,865           1,318,000 1,668,000         4,655,194 4,716,555         5,379,695 5,450,034         15,390,766 15,680,318           87,707,013 88,891,126         139,654,420 138,735,173            
Accounts Payable & Accrued Exp 2,751,753 2,361,942     50,122 72,817         5,642 5,870       76,207 146,324         52,855 49,095           21,118 20,272         8,792 6,929         77,740 94,046         188,156 248,055           1,037,568 841,053         1,518,200 1,484,461            
Advance Rental Pymts & Security Dep 4,026,643 3,636,704     160,109 148,662                   162,242 140,048         86,196 86,764           26,410 23,802         89,430 84,376         73,462 68,652         276,764 267,641           2,107,529 1,837,442         2,982,141 2,657,387            
Total Liabilities 198,752,635 144,054,168     8,473,866 8,601,158         2,060,117 2,111,957       10,238,449 7,179,881         5,024,693 5,085,724           1,365,528 1,712,074         4,753,416 4,807,860         5,530,897 5,612,731         15,855,686 16,196,014           90,852,110 91,569,622         144,154,762 142,877,021            
Partners' Capital (21,121,940) (22,515,678) (22,424,992) (21,310,852) 658,500 860,252         591,733 518,519       (2,442,501) 989,085         570,401 803,576           538,407 321,595         2,125,546 2,472,115         1,483,785 1,648,720         5,010,170 5,705,372           15,961,384 20,317,421         24,497,427 33,636,654            
Total Liabilities and Partners' Capital 177,630,695 121,538,490     9,132,365 9,461,410         2,651,850 2,630,476       7,795,948 8,168,966         5,595,095 5,889,300           1,903,935 2,033,669         6,878,962 7,279,975         7,014,682 7,261,451         20,865,856 21,901,385           106,813,495 111,887,043         168,652,189 176,513,675            
Share of partners capital in investments             $ 329,250 $ 430,126         $ 295,867 $ 259,259         $ (1,221,250) $ 494,542         $ 285,201 $ 401,788           $ 269,204 $ 160,798         $ 1,062,773 $ 1,236,057         $ 741,893 $ 824,360           $ 2,505,085 $ 2,852,686         $ 6,384,554 $ 8,126,969   $ 10,652,575 $ 14,786,585 $ 4,268,021 $ 6,659,616 $ 6,384,554 $ 8,126,969    
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%       40.00% 40.00% 40.00%       50.00% 50.00% 40.00% 40.00%    
Total units/ condominiums                                                                                                                                      
Total         49       48 1 1       1 40   40     40 176   176     175 1 120   20     120 48   168     48 42   42     42 148     280     148 409   409     409 1,033           1,030 3
Units to be retained         49           1         40           49   49                     48   48       42           148             409           786              
Units to be sold                                           127             120                                                             247              
Units sold 0                                         127   127         105                                       137                     232              
Unsold units                                                         15                                                             15