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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details 3) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Oct. 28, 2009
Oct. 03, 2005
Mar. 02, 2005
Sep. 30, 2004
Aug. 31, 2004
Nov. 30, 2001
Hamilton Essex 81                    
Revenues                    
Rental income $ 368,163 $ 373,304 $ 1,090,071 $ 1,043,460            
Laundry and sundry income 7,622 4,306 10,114 12,425            
Total Revenues 375,785 377,610 1,100,185 1,055,885            
Expenses                    
Administrative 8,781 6,235 17,087 23,376            
Depreciation and amortization 132,477 108,663 356,925 324,833            
Management fee 14,929 14,832 46,666 43,937            
Operating 22,961 27,938 81,724 96,904            
Renting 2,185 908 8,906 11,875            
Repairs and maintenance 44,380 51,584 110,815 125,411            
Taxes and insurance 54,826 55,807 161,702 172,802            
Total Expenses 280,539 265,967 783,825 799,138            
Income Before Other Income 95,246 111,643 316,360 256,747            
Other Income (loss)                    
Interest expense (100,585) (121,659) (337,847) (361,857)            
Total Other Income (loss) (100,585) (121,659) (337,847) (361,857)            
Net Income (Loss) $ (5,339) (10,016) (21,487) (105,110)            
Proportionate share of net income (loss)   $ (5,008) $ (10,744) $ (52,555)            
Percentage of ownership interest 50.00% 50.00% 50.00% 50.00%            
Hamilton Essex 81 | NERA 50%                    
Other Income (loss)                    
Proportionate share of net income (loss) $ (2,670)                  
Hamilton Essex Development                    
Revenues                    
Rental income 72,523 $ 72,523 $ 217,568 $ 218,995            
Total Revenues 72,523 72,523 217,568 218,995            
Expenses                    
Administrative 425 350 1,434 1,180            
Depreciation and amortization 2,117 2,822 7,761 8,466            
Management fee 2,912 2,901 8,714 8,760            
Repairs and maintenance 200   200 3,150            
Taxes and insurance 12,659 12,859 39,503 40,498            
Total Expenses 18,313 18,932 57,612 62,054            
Income Before Other Income 54,210 53,591 159,956 156,941            
Other Income (loss)                    
Interest expense (13,472) (14,036) (40,644) (41,932)            
Total Other Income (loss) (13,472) (14,036) (40,644) (41,932)            
Net Income (Loss) $ 40,738 39,555 119,312 115,009            
Proportionate share of net income (loss)   $ 19,778 $ 59,656 $ 57,505            
Percentage of ownership interest 50.00% 50.00% 50.00% 50.00%            
Hamilton Essex Development | NERA 50%                    
Other Income (loss)                    
Proportionate share of net income (loss) $ 20,369                  
345 Franklin                    
Revenues                    
Rental income 354,840 $ 335,607 $ 1,033,115 $ 994,331            
Laundry and sundry income     323              
Total Revenues 354,840 335,607 1,033,438 994,331            
Expenses                    
Administrative 11,531 12,719 25,912 32,580            
Depreciation and amortization 93,804 100,712 281,390 300,816            
Management fee 13,731 13,319 42,971 41,823            
Operating 16,055 13,390 67,241 45,984            
Renting 3,544 7,745 12,649 11,368            
Repairs and maintenance 26,888 25,489 45,950 56,421            
Taxes and insurance 29,873 29,643 89,750 87,842            
Total Expenses 195,426 203,017 565,863 576,834            
Income Before Other Income 159,414 132,590 467,575 417,497            
Other Income (loss)                    
Interest expense (97,968) (97,895) (293,906) (293,469)            
Total Other Income (loss) (97,968) (97,895) (293,906) (293,469)            
Net Income (Loss) $ 61,446 34,695 173,669 124,028            
Proportionate share of net income (loss)   $ 17,348 $ 86,835 $ 62,014            
Percentage of ownership interest 50.00% 50.00% 50.00% 50.00%           50.00%
345 Franklin | NERA 50%                    
Other Income (loss)                    
Proportionate share of net income (loss) $ 30,723                  
Hamilton 1025                    
Revenues                    
Rental income 236,343 $ 250,921 $ 713,771 $ 698,401            
Total Revenues 236,343 250,921 713,771 698,401            
Expenses                    
Administrative 2,338 2,624 5,500 6,784            
Depreciation and amortization 60,569 60,204 180,630 180,524            
Management fee 9,442 9,330 28,273 27,973            
Operating 183 171 531 523            
Renting       5,918            
Repairs and maintenance 79,646 81,607 235,033 246,576            
Taxes and insurance 40,360 38,487 126,255 119,861            
Total Expenses 192,538 192,423 576,222 588,159            
Income Before Other Income 43,805 58,498 137,549 110,242            
Other Income (loss)                    
Interest expense (69,431) (70,528) (206,872) (210,158)            
Interest Income 3 6 11 15            
Total Other Income (loss) (69,428) (70,522) (206,861) (210,143)            
Net Income (Loss) $ (25,623) (12,024) (69,312) (99,901)            
Proportionate share of net income (loss)   $ (6,012) $ (34,656) $ (49,951)            
Percentage of ownership interest 50.00% 50.00% 50.00% 50.00%     50.00%      
Hamilton 1025 | NERA 50%                    
Other Income (loss)                    
Proportionate share of net income (loss) $ (12,812)                  
Hamilton Bay Sales                    
Revenues                    
Rental income 19,080 $ 45,216 $ 78,548 $ 151,937            
Total Revenues 19,080 45,216 78,548 151,937            
Expenses                    
Administrative 1,863 715 6,537 3,388            
Depreciation and amortization 8,988 19,174 26,961 57,524            
Management fee 820 1,613 3,143 5,888            
Operating 271 423 476 1,028            
Renting 159     753            
Repairs and maintenance 10,879 27,069 34,914 74,719            
Taxes and insurance 5,479 7,360 16,415 30,025            
Total Expenses 28,459 56,354 88,446 173,325            
Income Before Other Income (9,379) (11,138) (9,898) (21,388)            
Other Income (loss)                    
Interest expense (55) (86) (268) (485)            
Interest Income       468            
Gain on Sale of Real Estate 76,648 50,001 76,523 350,523            
Total Other Income (loss) 76,593 49,915 76,255 350,506            
Net Income (Loss) $ 67,214 38,777 66,357 329,118            
Proportionate share of net income (loss)   $ 19,389 $ 33,179 $ 164,559            
Percentage of ownership interest 50.00% 50.00% 50.00% 50.00%            
Hamilton Bay Sales | NERA 50%                    
Other Income (loss)                    
Proportionate share of net income (loss) $ 33,607                  
Hamilton Bay Apartments                    
Revenues                    
Rental income 246,892 $ 242,294 $ 733,978 $ 704,397            
Total Revenues 246,892 242,294 733,978 704,397            
Expenses                    
Administrative 1,883 3,916 5,507 14,493            
Depreciation and amortization 80,607 80,047 239,898 238,744            
Management fee 9,482 9,606 28,914 28,206            
Operating 208 643 917 1,683            
Renting     2,350 5,042            
Repairs and maintenance 87,765 79,825 273,982 223,566            
Taxes and insurance 38,861 38,387 115,086 120,392            
Total Expenses 218,806 212,424 666,654 632,126            
Income Before Other Income 28,086 29,870 67,324 72,271            
Other Income (loss)                    
Interest expense (65,172) (66,300) (194,411) (197,633)            
Total Other Income (loss) (65,172) (66,300) (194,411) (197,633)            
Net Income (Loss) $ (37,086) (36,430) (127,087) (125,362)            
Proportionate share of net income (loss)   $ (18,215) $ (63,544) $ (62,681)            
Percentage of ownership interest 50.00% 50.00% 50.00% 50.00%   50.00%        
Hamilton Bay Apartments | NERA 50%                    
Other Income (loss)                    
Proportionate share of net income (loss) $ (18,543)                  
Hamilton Minuteman                    
Revenues                    
Rental income 231,545 $ 226,213 $ 699,019 $ 683,025            
Laundry and sundry income   676   844            
Total Revenues 231,545 226,889 699,019 683,869            
Expenses                    
Administrative 1,032 2,661 3,724 8,104            
Depreciation and amortization 83,182 81,233 246,675 240,486            
Management fee 9,529 9,536 28,974 28,489            
Operating 17,946 16,528 64,428 60,631            
Renting 1,877 1,482 6,623 7,571            
Repairs and maintenance 23,864 19,697 56,628 58,132            
Taxes and insurance 30,972 30,264 92,943 89,496            
Total Expenses 168,402 161,401 499,995 492,909            
Income Before Other Income 63,143 65,488 199,024 190,960            
Other Income (loss)                    
Interest expense (76,823) (77,635) (228,380) (231,196)            
Total Other Income (loss) (76,823) (77,635) (228,380) (231,196)            
Net Income (Loss) $ (13,680) (12,147) (29,356) (40,236)            
Proportionate share of net income (loss)   $ (6,074) $ (14,678) $ (20,118)            
Percentage of ownership interest 50.00% 50.00% 50.00% 50.00%       50.00%    
Hamilton Minuteman | NERA 50%                    
Other Income (loss)                    
Proportionate share of net income (loss) $ (6,840)                  
Hamilton on Main Apts                    
Revenues                    
Rental income 781,336 $ 737,588 $ 2,305,464 $ 2,177,950            
Laundry and sundry income 10,888 10,065 33,335 29,213            
Total Revenues 792,224 747,653 2,338,799 2,207,163            
Expenses                    
Administrative 12,414 12,037 32,349 42,799            
Depreciation and amortization 243,760 242,960 726,876 716,092            
Management fee 30,816 28,609 91,870 86,429            
Operating 111,793 82,442 296,685 288,912            
Renting 2,300 3,034 5,701 21,131            
Repairs and maintenance 114,683 101,601 297,165 292,004            
Taxes and insurance 87,515 87,450 253,816 279,034            
Total Expenses 603,281 558,133 1,704,462 1,726,401            
Income Before Other Income 188,943 189,520 634,337 480,762            
Other Income (loss)                    
Interest expense (189,919) (208,944) (563,622) (610,958)            
Interest Income from Note     96              
Total Other Income (loss) (189,919) (208,944) (563,526) (610,958)            
Net Income (Loss) $ (976) (19,424) 70,811 (130,196)            
Proportionate share of net income (loss)   $ (9,712) $ 35,406 $ (65,098)            
Percentage of ownership interest 50.00% 50.00% 50.00% 50.00%         50.00%  
Hamilton on Main Apts | NERA 50%                    
Other Income (loss)                    
Proportionate share of net income (loss) $ (488)                  
Dexter Park                    
Revenues                    
Rental income 3,588,943 $ 3,433,856 $ 10,650,223 $ 10,143,620            
Laundry and sundry income 23,361 26,620 67,439 75,213            
Total Revenues 3,612,304 3,460,476 10,717,662 10,218,833            
Expenses                    
Administrative 76,791 64,668 181,425 181,661            
Depreciation and amortization 820,856 1,354,577 2,452,629 4,048,679            
Management fee 72,222 68,588 227,847 217,031            
Operating 241,740 224,085 971,545 960,938            
Renting 39,160 99,320 72,373 156,856            
Repairs and maintenance 390,221 413,587 930,398 927,771            
Taxes and insurance 407,819 398,451 1,141,731 1,155,775            
Total Expenses 2,048,809 2,623,276 5,977,948 7,648,711            
Income Before Other Income 1,563,495 837,200 4,739,714 2,570,122            
Other Income (loss)                    
Interest expense (1,227,139) (1,245,694) (3,656,573) (3,710,651)            
Total Other Income (loss) (1,227,139) (1,245,694) (3,656,573) (3,710,651)            
Net Income (Loss) $ 336,356 (408,494) 1,083,141 (1,140,529)            
Proportionate share of net income (loss)   $ (163,395) $ 433,256 $ (456,212)            
Percentage of ownership interest 40.00% 40.00% 40.00% 40.00% 40.00%          
Dexter Park | NERA 40%                    
Other Income (loss)                    
Proportionate share of net income (loss) $ 134,543                  
Total                    
Revenues                    
Rental income 5,899,665 $ 5,717,522 $ 17,521,757 $ 16,816,116            
Laundry and sundry income 41,871 41,667 111,211 117,695            
Total Revenues 5,941,536 5,759,189 17,632,968 16,933,811            
Expenses                    
Administrative 117,058 105,925 279,475 314,365            
Depreciation and amortization 1,526,360 2,050,392 4,519,745 6,116,164            
Management fee 163,883 158,334 507,372 488,536            
Operating 411,157 365,620 1,483,547 1,456,603            
Renting 49,225 112,489 108,602 220,514            
Repairs and maintenance 778,526 800,459 1,985,085 2,007,750            
Taxes and insurance 708,364 698,708 2,037,201 2,095,725            
Total Expenses 3,754,573 4,291,927 10,921,027 12,699,657            
Income Before Other Income 2,186,963 1,467,262 6,711,941 4,234,154            
Other Income (loss)                    
Interest expense (1,840,564) (1,902,777) (5,522,523) (5,658,339)            
Interest Income 3 6 11 483            
Interest Income from Note     96              
Gain on Sale of Real Estate 76,648 50,001 76,523 350,523            
Total Other Income (loss) (1,763,913) (1,852,770) (5,445,893) (5,307,333)            
Net Income (Loss) 423,050 (385,508) 1,266,048 (1,073,179)            
Proportionate share of net income (loss) 177,890 (151,902) 524,710 (422,535)            
Total | NERA 50%                    
Other Income (loss)                    
Proportionate share of net income (loss) 43,347 11,493 91,454 33,677            
Total | NERA 40%                    
Other Income (loss)                    
Proportionate share of net income (loss) $ 134,543 $ (163,395) $ 433,256 $ (456,212)