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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details 2) (USD $)
Mar. 31, 2014
Dec. 31, 2013
Mar. 31, 2013
Dec. 31, 2012
Mar. 31, 2014
Hamilton Essex 81
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Mar. 31, 2013
Hamilton Essex 81
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Mar. 31, 2014
Hamilton Essex 81
NERA 50%
Mar. 31, 2013
Hamilton Essex 81
NERA 50%
Mar. 31, 2014
Hamilton Essex 81
Apartments
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Mar. 31, 2013
Hamilton Essex 81
Apartments
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Mar. 31, 2014
Hamilton Essex 81
Commercial
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Mar. 31, 2013
Hamilton Essex 81
Commercial
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Mar. 31, 2014
Hamilton Essex Development
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Mar. 31, 2013
Hamilton Essex Development
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Mar. 31, 2014
Hamilton Essex Development
NERA 50%
Mar. 31, 2013
Hamilton Essex Development
NERA 50%
Mar. 31, 2014
Hamilton Essex Development
Commercial
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Mar. 31, 2013
Hamilton Essex Development
Commercial
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Mar. 31, 2014
345 Franklin
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Mar. 31, 2013
345 Franklin
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Nov. 30, 2001
345 Franklin
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Mar. 31, 2014
345 Franklin
NERA 50%
Mar. 31, 2013
345 Franklin
NERA 50%
Mar. 31, 2014
345 Franklin
Apartments
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Mar. 31, 2013
345 Franklin
Apartments
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Mar. 31, 2014
Hamilton 1025
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Mar. 31, 2013
Hamilton 1025
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Mar. 02, 2005
Hamilton 1025
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Mar. 31, 2014
Hamilton 1025
NERA 50%
Mar. 31, 2013
Hamilton 1025
NERA 50%
Mar. 31, 2014
Hamilton 1025
Apartments
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Mar. 31, 2013
Hamilton 1025
Apartments
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Mar. 31, 2014
Hamilton 1025
Commercial
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Mar. 31, 2013
Hamilton 1025
Commercial
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May 06, 2014
Hamilton Bay Sales
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Mar. 31, 2014
Hamilton Bay Sales
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Mar. 31, 2013
Hamilton Bay Sales
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Mar. 31, 2014
Hamilton Bay Sales
NERA 50%
Mar. 31, 2013
Hamilton Bay Sales
NERA 50%
Mar. 31, 2014
Hamilton Bay Sales
Apartments
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Mar. 31, 2013
Hamilton Bay Sales
Apartments
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Mar. 31, 2014
Hamilton Bay Apartments
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Mar. 31, 2013
Hamilton Bay Apartments
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Oct. 03, 2005
Hamilton Bay Apartments
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Mar. 31, 2014
Hamilton Bay Apartments
NERA 50%
Mar. 31, 2013
Hamilton Bay Apartments
NERA 50%
Mar. 31, 2014
Hamilton Bay Apartments
Apartments
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Mar. 31, 2013
Hamilton Bay Apartments
Apartments
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Mar. 31, 2014
Hamilton Minuteman
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Mar. 31, 2013
Hamilton Minuteman
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Sep. 30, 2004
Hamilton Minuteman
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Mar. 31, 2014
Hamilton Minuteman
NERA 50%
Mar. 31, 2013
Hamilton Minuteman
NERA 50%
Mar. 31, 2014
Hamilton Minuteman
Apartments
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Mar. 31, 2013
Hamilton Minuteman
Apartments
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Mar. 31, 2014
Hamilton on Main
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Mar. 31, 2013
Hamilton on Main
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May 31, 2008
Hamilton on Main
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Aug. 31, 2004
Hamilton on Main
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Mar. 31, 2014
Hamilton on Main
NERA 50%
Mar. 31, 2013
Hamilton on Main
NERA 50%
Mar. 31, 2014
Hamilton on Main
Apartments
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Mar. 31, 2013
Hamilton on Main
Apartments
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Mar. 31, 2014
Dexter Park
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Mar. 31, 2013
Dexter Park
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Oct. 28, 2009
Dexter Park
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Mar. 31, 2014
Dexter Park
NERA 40%
Mar. 31, 2013
Dexter Park
NERA 40%
Mar. 31, 2014
Dexter Park
Apartments
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Mar. 31, 2013
Dexter Park
Apartments
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Mar. 31, 2014
Total
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Mar. 31, 2013
Total
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Mar. 31, 2014
Total
Apartments
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Mar. 31, 2013
Total
Apartments
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Mar. 31, 2014
Total
Commercial
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Mar. 31, 2013
Total
Commercial
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ASSETS                                                                                                                                                        
Rental Properties $ 151,211,354 $ 152,904,661     $ 8,665,490 $ 9,015,547             $ 2,623,618 $ 2,609,952         $ 7,409,606 $ 7,788,886           $ 5,331,142 $ 5,563,140                 $ 1,626,115 $ 1,824,421         $ 6,604,500 $ 6,900,646           $ 6,702,438 $ 6,965,331           $ 20,026,347 $ 20,884,885             $ 100,826,473 $ 106,099,815           $ 159,815,729 $ 167,652,623        
Cash & Cash Equivalents 10,987,525 14,013,380 3,379,431 6,981,906 31,408 11,201             61,603 19,577         26,136 25,807           23,018 7,151                 124,765 16,776         25,766 20,043           80,847 20,106           118 125,776             1,027,202 998,232           1,400,862 1,244,669        
Rent Receivable 502,289 496,149     28,674 39,722                         2,565 251           995 5,179                 1,793 4,816         4,641 958           737 4,444           8,623 2,510             74,141 26,486           122,170 84,366        
Real Estate Tax Escrow 289,702 375,560     101,256 49,793                         40,681 45,617           68,445 74,350                             37,283 47,332           35,466 39,197           43,577 72,665             339,330 392,816           666,038 721,770        
Prepaid Expenses & Other Assets 3,945,880 3,895,189     71,795 70,830             222 202         32,078 102,039           37,561 36,541                 206,859 135,511         35,603 16,689           42,400 48,597           712,377 202,059             1,607,358 1,429,338           2,746,253 2,041,806        
Financing & Leasing Fees 1,580,506 1,635,076     42,259 59,745             11,982 2,703         94,884 21,122           13,363 18,389                   4,239         18,291 24,652           10,989 14,958           6,001 12,865             325,532 384,849           523,300 543,522        
Total Assets 180,149,597 185,345,157     8,940,881 9,246,838             2,697,426 2,632,434         7,605,950 7,983,722           5,474,523 5,704,750                 1,959,533 1,985,763         6,726,084 7,010,320           6,872,876 7,092,633           20,797,043 21,300,760             104,200,037 109,331,536           165,274,352 172,288,756        
LIABILITIES AND PARTNERS' CAPITAL                                                                                                                                                        
Mortgage Notes Payable 195,073,358 198,520,478     8,202,370 8,321,852             2,027,817 2,080,281         10,000,000 6,806,096           4,856,961 4,917,835                   1,668,000         4,622,842 4,685,952           5,348,277 5,414,951           15,263,225 15,536,345             87,179,208 88,300,726           137,500,700 137,732,038        
Accounts Payable and Accrued Expenses 2,672,024 3,178,495     52,518 39,583             6,373 6,604         81,538 139,062           27,653 50,520                 19,186 24,838         10,896 25,608           64,247 70,988           172,902 200,055             708,297 868,483           1,143,611 1,425,741        
Advance Rental Payments and Security Deposits 4,298,211 4,242,401     163,668 160,144                         190,001 162,681           91,568 83,076                 20,483 25,592         95,060 81,290           80,327 69,598           291,564 275,348             2,294,713 1,977,679           3,227,383 2,835,408        
Total Liabilities 203,376,390 207,193,720     8,418,556 8,521,579             2,034,190 2,086,885         10,271,539 7,107,839           4,976,181 5,051,431                 39,668 1,718,430         4,728,798 4,792,850           5,492,851 5,555,537           15,727,691 16,011,748             90,182,218 91,146,888           141,871,694 141,993,187        
Partners' Capital (23,226,793) (21,848,563) (22,988,838) (22,515,677) 522,325 725,259             663,236 545,549         (2,665,589) 875,883           498,342 653,319                 1,919,864 267,333         1,997,286 2,217,470           1,380,025 1,537,096           5,069,351 5,289,012             14,017,818 18,184,648           23,402,658 30,295,569        
Total Liabilities and Partners' Capital 180,149,597 185,345,157     8,940,881 9,246,838             2,697,426 2,632,434         7,605,950 7,983,722           5,474,523 5,704,750                 1,959,533 1,985,763         6,726,084 7,010,320           6,872,876 7,092,633           20,797,043 21,300,760             104,200,037 109,331,536           165,274,352 172,288,756        
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%                
Investment in Unconsolidated Joint Ventures 11,632,341 12,025,142         261,162 362,630             331,618 272,775         1,533,000   437,942         2,352,000 249,171 326,660               959,932 133,667         2,500,000 998,643 1,108,735         5,075,000 690,012 768,548           8,000,000 2,534,676 2,644,506         15,925,000 5,607,127 7,273,859     11,632,342 13,329,320        
Distribution and Loss in Excess of Investment in Unconsolidated Joint Venture (1,332,797) (1,252,346)                                       (1,332,795)                                                                                                 (1,332,795)          
Total Investment in Unconsolidated Joint Ventures (Net) $ 10,299,547   $ 13,329,320                                                                                                                                                  
Total units/ condominiums                                                                                                                                                        
Total         49 49     48 48 1 1 1 1     1 1 40 40 40     40 40 176 176 176     175 175 1 1   120 120     120 120 48 48 168     48 48 42 42 42     42 42 148 148   280     148 148 409 409 409     409 409 1,033 1,033 1,030 1,030 3 3
Units to be retained         49 49             1 1         40 40           49 49 49                           48 48 48         42 42           148 148             409 409           786 786        
Units to be sold                                                   127 127                 120 120                                                                   247 247        
Units sold                                                   127 127 127               106 105             120                           137                         233 232        
Unsold units                                                                     14   15                                                                   14 15