XML 77 R67.htm IDEA: XBRL DOCUMENT v3.26.3
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Balance Sheet) (Details)
Sep. 30, 2026
USD ($)
property
Dec. 31, 2025
USD ($)
Sep. 30, 2025
USD ($)
property
Dec. 31, 2024
USD ($)
May 31, 2018
USD ($)
Oct. 28, 2009
item
Mar. 07, 2005
item
Mar. 02, 2005
item
ASSETS                
Rental Properties $ 447,198,252 $ 458,779,526            
Cash & Cash Equivalents 22,579,265 26,668,978            
Rent Receivable 1,819,729 1,428,053            
Real Estate Tax Escrow 3,376,270 3,057,689            
Prepaid Expenses & Other Assets 9,921,784 11,381,248            
Total Assets 486,307,536 505,331,191            
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 522,186,323 527,596,823            
Accounts Payable & Accrued Expense 7,084,512 8,866,529            
Advance Rental Payments and Security Deposits 11,681,753 12,288,303            
Total Liabilities 571,711,639 579,546,772            
Partners' Capital (85,404,103) (74,215,581) $ (71,041,111) $ (62,433,903)        
Total Liabilities and Partners' Capital 486,307,536 505,331,191            
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures (30,759,051) $ (30,795,117)            
Investment Properties                
ASSETS                
Rental Properties 95,521,594   98,413,204          
Cash & Cash Equivalents 11,014,803   8,773,391          
Rent Receivable 484,632   421,257          
Real Estate Tax Escrow 181,464   186,282          
Prepaid Expenses & Other Assets 3,321,704   3,425,865          
Total Assets 110,524,197   111,219,999          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 174,097,891   174,233,798          
Accounts Payable & Accrued Expense 1,260,224   1,402,815          
Advance Rental Payments and Security Deposits 3,961,809   4,368,528          
Total Liabilities 179,319,924   180,005,141          
Partners' Capital (68,795,727)   (68,785,142)          
Total Liabilities and Partners' Capital 110,524,197   111,219,999          
Investment in Unconsolidated Joint Ventures 1,412,236   1,405,626          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures (30,759,051)   (30,603,056)          
Total Investment in Unconsolidated Joint Ventures (Net) $ (29,346,815)   $ (29,197,430)          
Total units/ condominiums                
Total | property 690   690          
Investment Properties | Apartments                
Total units/ condominiums                
Total | property 687   687          
Investment Properties | Commercial                
Total units/ condominiums                
Total | property 3   3          
Hamilton Essex 81                
ASSETS                
Rental Properties $ 5,682,305   $ 5,298,785          
Cash & Cash Equivalents 1,359,981   2,957,779          
Rent Receivable 106,730   153,153          
Real Estate Tax Escrow 74,962   70,289          
Prepaid Expenses & Other Assets 199,147   397,786          
Total Assets 7,423,125   8,877,792          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 12,061,030   12,044,033          
Accounts Payable & Accrued Expense 119,657   222,266          
Advance Rental Payments and Security Deposits 371,005   349,841          
Total Liabilities 12,551,692   12,616,140          
Partners' Capital (5,128,567)   (3,738,348)          
Total Liabilities and Partners' Capital $ 7,423,125   $ 8,877,792          
Partners' Capital %-NERA 50.00%   50.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (2,564,284)   $ (1,869,173)          
Total units/ condominiums                
Total 49   49       48  
Hamilton Essex 81 | Apartments                
Total units/ condominiums                
Total | property 48   48          
Hamilton Essex 81 | Commercial                
Total units/ condominiums                
Total | property 1   1          
Hamilton Essex Development                
ASSETS                
Rental Properties $ 2,576,967   $ 2,578,834          
Cash & Cash Equivalents 104,028   64,506          
Rent Receivable 45,929   62,810          
Prepaid Expenses & Other Assets 20,098   29,387          
Total Assets 2,747,022   2,735,537          
LIABILITIES AND PARTNERS' CAPITAL                
Accounts Payable & Accrued Expense 3,000   7,000          
Total Liabilities 3,000   7,000          
Partners' Capital 2,744,022   2,728,537          
Total Liabilities and Partners' Capital $ 2,747,022   $ 2,735,537          
Partners' Capital %-NERA 50.00%   50.00%          
Investment in Unconsolidated Joint Ventures $ 1,372,011   $ 1,364,269          
Total units/ condominiums                
Total | property 1   1          
Hamilton Essex Development | Commercial                
Total units/ condominiums                
Total | property 1   1          
345 Franklin                
ASSETS                
Rental Properties $ 3,616,392   $ 3,944,259          
Cash & Cash Equivalents 63,420   100,046          
Rent Receivable 12,979   10,492          
Real Estate Tax Escrow 69,212   79,926          
Prepaid Expenses & Other Assets 99,730   92,822          
Total Assets 3,861,733   4,227,545          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 7,788,482   8,038,487          
Accounts Payable & Accrued Expense 105,352   105,473          
Advance Rental Payments and Security Deposits 285,675   280,627          
Total Liabilities 8,179,509   8,424,587          
Partners' Capital (4,317,776)   (4,197,042)          
Total Liabilities and Partners' Capital $ 3,861,733   $ 4,227,545          
Partners' Capital %-NERA 50.00%   50.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (2,158,888)   $ (2,098,520)          
Total units/ condominiums                
Total | property 40   40          
345 Franklin | Apartments                
Total units/ condominiums                
Total | property 40   40          
Hamilton 1025                
ASSETS                
Rental Properties $ 66,051   $ 69,315          
Cash & Cash Equivalents 21,368   14,268          
Rent Receivable 4,038   895          
Prepaid Expenses & Other Assets 933   939          
Total Assets 92,390   85,417          
LIABILITIES AND PARTNERS' CAPITAL                
Accounts Payable & Accrued Expense 2,914   2,702          
Advance Rental Payments and Security Deposits 9,026              
Total Liabilities 11,940   2,702          
Partners' Capital 80,450   82,715          
Total Liabilities and Partners' Capital $ 92,390   $ 85,417          
Partners' Capital %-NERA 50.00%   50.00%          
Investment in Unconsolidated Joint Ventures $ 40,225   $ 41,358          
Total units/ condominiums                
Total 1   1         176
Units to be retained | item               49
Hamilton 1025 | Apartments                
Total units/ condominiums                
Total | property     0          
Hamilton 1025 | Commercial                
Total units/ condominiums                
Total | property 1   1          
Hamilton Minuteman Apts                
ASSETS                
Rental Properties $ 3,721,129   $ 3,781,556          
Cash & Cash Equivalents 1,024,960   618,244          
Rent Receivable 13,838   13,286          
Real Estate Tax Escrow 37,290   36,067          
Prepaid Expenses & Other Assets 66,321   78,424          
Total Assets 4,863,538   4,527,577          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 5,959,423   5,951,240          
Accounts Payable & Accrued Expense 71,246   70,503          
Advance Rental Payments and Security Deposits 157,180   159,475          
Total Liabilities 6,187,849   6,181,218          
Partners' Capital (1,324,311)   (1,653,641)          
Total Liabilities and Partners' Capital $ 4,863,538   $ 4,527,577          
Partners' Capital %-NERA 50.00%   50.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (662,156)   $ (826,821)          
Total units/ condominiums                
Total | property 42   42          
Hamilton Minuteman Apts | Apartments                
Total units/ condominiums                
Total | property 42   42          
Hamilton on Main Apts                
ASSETS                
Rental Properties $ 12,818,784   $ 13,372,001          
Cash & Cash Equivalents 527,885   287,451          
Rent Receivable 62,327   35,349          
Prepaid Expenses & Other Assets 413,558   319,765          
Total Assets 13,822,554   14,014,566          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 23,396,661   23,372,366          
Accounts Payable & Accrued Expense 223,804   222,068          
Advance Rental Payments and Security Deposits 541,144   476,085          
Total Liabilities 24,161,609   24,070,519          
Partners' Capital (10,339,055)   (10,055,953)          
Total Liabilities and Partners' Capital $ 13,822,554   $ 14,014,566          
Partners' Capital %-NERA 50.00%   50.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (5,169,528)   $ (5,027,977)          
Total units/ condominiums                
Total | property 148   148          
Hamilton on Main Apts | Apartments                
Total units/ condominiums                
Total | property 148   148          
Dexter Park                
ASSETS                
Rental Properties $ 67,039,966   $ 69,368,454          
Cash & Cash Equivalents 7,913,161   4,731,097          
Rent Receivable 238,791   145,272          
Prepaid Expenses & Other Assets 2,521,917   2,506,742          
Total Assets 77,713,835   76,751,565          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 124,892,295   124,827,672   $ 82,000,000      
Accounts Payable & Accrued Expense 734,251   772,803          
Advance Rental Payments and Security Deposits 2,597,779   3,102,500          
Total Liabilities 128,224,325   128,702,975          
Partners' Capital (50,510,490)   (51,951,410)          
Total Liabilities and Partners' Capital $ 77,713,835   $ 76,751,565          
Partners' Capital %-NERA 40.00%   40.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (20,204,196)   $ (20,780,565)          
Total units/ condominiums                
Total 409   409     409    
Dexter Park | Apartments                
Total units/ condominiums                
Total | property 409   409