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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Income) (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Oct. 28, 2009
Oct. 03, 2005
Mar. 02, 2005
Sep. 30, 2004
Aug. 31, 2004
Nov. 30, 2001
Investment Properties                    
Revenues                    
Rental income $ 6,025,406 $ 5,849,952 $ 12,116,129 $ 11,622,093            
Laundry and Sundry Income 44,100 36,638 86,033 69,339            
Total Revenues 6,069,506 5,886,590 12,202,162 11,691,432            
Expenses                    
Administrative 75,361 80,321 168,714 162,417            
Depreciation and amortization 1,482,711 1,469,370 2,954,638 2,932,705            
Management Fees 178,086 176,068 353,799 343,488            
Operating 390,264 367,515 894,324 1,072,391            
Renting 50,986 28,540 90,035 59,536            
Repairs and Maintenance 760,666 685,986 1,409,909 1,206,400            
Taxes and Insurance 715,582 669,580 1,436,671 1,328,837            
Total Expenses 3,653,656 3,477,380 7,308,090 7,105,774            
Income Before Other Income 2,415,850 2,409,210 4,894,072 4,585,658            
Other Income (loss)                    
Interest Expense (1,787,741) (1,877,917) (3,581,247) (3,742,642)            
Interest Income 5 1 9 8            
Other Income (Expense)       (28)            
Gain on Sale of Real Estate 67,462 96 235,470              
Total Other Income (Loss) (1,720,274) (1,877,820) (3,345,768) (3,742,662)            
Net Income (Loss) 695,576 531,390 1,548,304 842,996            
Proportionate share of net income (loss) 288,478 221,586 658,082 346,820            
Investment Properties | NERA 50%                    
Other Income (loss)                    
Proportionate share of net income (loss) 51,238 45,142 193,802 48,106            
Investment Properties | NERA 40%                    
Other Income (loss)                    
Proportionate share of net income (loss) 237,240 176,445 464,280 298,714            
Hamilton Essex 81 | NERA 50%                    
Revenues                    
Rental income 369,120 362,007 767,917 721,908            
Laundry and Sundry Income 4,375   8,357 2,492            
Total Revenues 373,495 362,007 776,274 724,400            
Expenses                    
Administrative 4,545 4,369 20,096 8,306            
Depreciation and amortization 113,230 108,848 225,194 216,187            
Management Fees 15,366 16,392 30,050 31,737            
Operating 19,855 21,230 50,358 58,763            
Renting 6,299 6,221 6,839 6,721            
Repairs and Maintenance 42,149 40,751 76,084 66,434            
Taxes and Insurance 57,873 53,458 115,308 106,875            
Total Expenses 259,317 251,269 523,929 495,023            
Income Before Other Income 114,178 110,738 252,345 229,377            
Other Income (loss)                    
Interest Expense (71,039) (123,160) (141,647) (245,523)            
Total Other Income (Loss) (71,039) (123,160) (141,647) (245,523)            
Net Income (Loss) 43,139 (12,422) 110,698 (16,146)            
Proportionate share of net income (loss) $ 21,570 $ (6,211) $ 55,349 $ (8,073)            
Ownership interest (as a percent) 50.00% 50.00% 50.00% 50.00%            
Hamilton Essex Development | NERA 50%                    
Revenues                    
Rental income $ 60,000 $ 72,523 $ 120,000 $ 145,045            
Total Revenues 60,000 72,523 120,000 145,045            
Expenses                    
Administrative 464 425 889 1,008            
Depreciation and amortization 707 707 1,415 1,415            
Management Fees 2,400 2,901 4,800 5,802            
Repairs and Maintenance 3,150   3,150              
Taxes and Insurance 15,431 13,423 30,602 26,844            
Total Expenses 22,152 17,456 40,856 35,069            
Income Before Other Income 37,848 55,067 79,144 109,976            
Other Income (loss)                    
Interest Expense   (15,734)   (31,401)            
Total Other Income (Loss)   (15,734)   (31,401)            
Net Income (Loss) 37,848 39,333 79,144 78,575            
Proportionate share of net income (loss) $ 18,924 $ 19,667 $ 39,572 $ 39,287            
Ownership interest (as a percent) 50.00% 50.00% 50.00% 50.00%            
345 Franklin                    
Other Income (loss)                    
Ownership interest (as a percent)                   50.00%
345 Franklin | NERA 50%                    
Revenues                    
Rental income $ 358,043 $ 342,800 $ 724,962 $ 678,276            
Laundry and Sundry Income 507   2,097 323            
Total Revenues 358,550 342,800 727,059 678,599            
Expenses                    
Administrative 6,211 6,620 16,198 14,381            
Depreciation and amortization 86,915 92,128 173,831 184,256            
Management Fees 15,988 15,131 30,825 29,240            
Operating 16,542 11,114 36,666 51,186            
Renting 10,355 2,760 10,540 9,105            
Repairs and Maintenance 12,627 13,075 29,334 19,062            
Taxes and Insurance 30,407 29,941 64,423 59,877            
Total Expenses 179,045 170,769 361,817 367,107            
Income Before Other Income 179,505 172,031 365,242 311,492            
Other Income (loss)                    
Interest Expense (99,505) (99,667) (199,009) (199,268)            
Total Other Income (Loss) (99,505) (99,667) (199,009) (199,268)            
Net Income (Loss) 80,000 72,364 166,233 112,224            
Proportionate share of net income (loss) $ 40,000 $ 36,182 $ 83,117 $ 56,111            
Ownership interest (as a percent) 50.00% 50.00% 50.00% 50.00%            
Hamilton 1025                    
Other Income (loss)                    
Ownership interest (as a percent)             50.00%      
Hamilton 1025 | NERA 50%                    
Revenues                    
Rental income $ 237,156 $ 237,028 $ 472,476 $ 477,428            
Total Revenues 237,156 237,028 472,476 477,428            
Expenses                    
Administrative 1,319 1,170 2,745 3,162            
Depreciation and amortization 58,999 58,777 118,064 117,548            
Management Fees 8,402 9,391 17,927 18,831            
Operating 220 223 585 348            
Renting 1,789   1,789              
Repairs and Maintenance 78,417 78,891 155,898 155,388            
Taxes and Insurance 43,260 42,844 86,209 85,895            
Total Expenses 192,406 191,296 383,217 381,172            
Income Before Other Income 44,750 45,732 89,259 96,256            
Other Income (loss)                    
Interest Expense (69,173) (70,209) (138,688) (139,954)            
Interest Income 5 1 9 8            
Total Other Income (Loss) (69,168) (70,208) (138,679) (139,946)            
Net Income (Loss) (24,418) (24,476) (49,420) (43,690)            
Proportionate share of net income (loss) $ (12,209) $ (12,238) $ (24,710) $ (21,845)            
Ownership interest (as a percent) 50.00% 50.00% 50.00% 50.00%            
Hamilton Bay Sales | NERA 50%                    
Revenues                    
Rental income $ 11,025 $ 30,173 $ 27,690 $ 59,468            
Total Revenues 11,025 30,173 27,690 59,468            
Expenses                    
Administrative 1,085 1,895 2,984 4,674            
Depreciation and amortization 6,291 8,988 12,584 17,974            
Management Fees 406 1,049 1,076 2,323            
Operating 48 181 200 205            
Repairs and Maintenance 5,551 12,390 13,569 23,876            
Taxes and Insurance 2,855 5,056 7,071 10,936            
Total Expenses 16,236 29,559 37,484 59,988            
Income Before Other Income (5,211) 614 (9,794) (520)            
Other Income (loss)                    
Interest Expense (11) (104) (59) (214)            
Other Income (Expense)       (125)            
Gain on Sale of Real Estate 67,462   235,470              
Total Other Income (Loss) 67,451 (104) 235,411 (339)            
Net Income (Loss) 62,240 510 225,617 (859)            
Proportionate share of net income (loss) $ 31,120 $ 255 $ 112,809 $ (430)            
Ownership interest (as a percent) 50.00% 50.00% 50.00% 50.00%            
Hamilton Bay Apts                    
Other Income (loss)                    
Ownership interest (as a percent)           50.00%        
Hamilton Bay Apts | NERA 50%                    
Revenues                    
Rental income $ 245,530 $ 236,513 $ 494,357 $ 487,086            
Total Revenues 245,530 236,513 494,357 487,086            
Expenses                    
Administrative 3,890 1,809 5,870 3,624            
Depreciation and amortization 79,462 78,372 158,855 156,110            
Management Fees 9,362 9,937 19,604 19,432            
Operating 714 44 1,008 708            
Renting 477   954 2,350            
Repairs and Maintenance 100,814 101,359 200,605 186,217            
Taxes and Insurance 42,070 38,394 83,979 76,225            
Total Expenses 236,789 229,915 470,875 444,666            
Income Before Other Income 8,741 6,598 23,482 42,420            
Other Income (loss)                    
Interest Expense (65,065) (66,366) (130,978) (132,420)            
Total Other Income (Loss) (65,065) (66,366) (130,978) (132,420)            
Net Income (Loss) (56,324) (59,768) (107,496) (90,000)            
Proportionate share of net income (loss) $ (28,162) $ (29,884) $ (53,748) $ (45,000)            
Ownership interest (as a percent) 50.00% 50.00% 50.00% 50.00%            
Hamilton Minuteman                    
Other Income (loss)                    
Ownership interest (as a percent)               50.00%    
Hamilton Minuteman | NERA 50%                    
Revenues                    
Rental income $ 243,193 $ 233,578 $ 491,754 $ 467,474            
Laundry and Sundry Income 53   299              
Total Revenues 243,246 233,578 492,053 467,474            
Expenses                    
Administrative 1,293 1,069 2,600 2,693            
Depreciation and amortization 84,896 80,984 169,581 161,510            
Management Fees 9,588 9,620 19,922 19,445            
Operating 22,568 13,935 46,231 46,482            
Renting 947 1,003 4,802 4,746            
Repairs and Maintenance 57,281 17,640 110,941 32,764            
Taxes and Insurance 30,075 31,013 59,499 61,971            
Total Expenses 206,648 155,264 413,576 329,611            
Income Before Other Income 36,598 78,314 78,477 137,863            
Other Income (loss)                    
Interest Expense (76,031) (77,058) (152,347) (153,541)            
Total Other Income (Loss) (76,031) (77,058) (152,347) (153,541)            
Net Income (Loss) (39,433) 1,256 (73,870) (15,678)            
Proportionate share of net income (loss) $ (19,717) $ 628 $ (36,935) $ (7,839)            
Ownership interest (as a percent) 50.00% 50.00% 50.00% 50.00%            
Hamilton on Main Apts                    
Other Income (loss)                    
Ownership interest (as a percent)                 50.00%  
Hamilton on Main Apts | NERA 50%                    
Revenues                    
Rental income $ 806,669 $ 762,855 $ 1,604,997 $ 1,524,128            
Laundry and Sundry Income 10,051 11,805 20,634 22,446            
Total Revenues 816,720 774,660 1,625,631 1,546,574            
Expenses                    
Administrative 8,623 10,660 20,131 19,935            
Depreciation and amortization 239,165 238,342 477,061 475,090            
Management Fees 32,337 30,974 64,262 61,054            
Operating 81,925 46,638 151,015 184,893            
Renting 4,013 1,636 9,516 3,401            
Repairs and Maintenance 131,233 98,321 227,253 182,482            
Taxes and Insurance 128,012 82,793 255,822 166,301            
Total Expenses 625,308 509,364 1,205,060 1,093,156            
Income Before Other Income 191,412 265,296 420,571 453,418            
Other Income (loss)                    
Interest Expense (191,988) (191,906) (383,871) (381,729)            
Other Income (Expense)       97            
Gain on Sale of Real Estate   96                
Total Other Income (Loss) (191,988) (191,810) (383,871) (381,632)            
Net Income (Loss) (576) 73,486 36,700 71,786            
Proportionate share of net income (loss) $ (288) $ 36,743 $ 18,350 $ 35,893            
Ownership interest (as a percent) 50.00% 50.00% 50.00% 50.00%            
Dexter Park                    
Other Income (loss)                    
Ownership interest (as a percent)         40.00%          
Dexter Park | NERA 40%                    
Revenues                    
Rental income $ 3,694,670 $ 3,572,475 $ 7,411,976 $ 7,061,280            
Laundry and Sundry Income 29,114 24,833 54,646 44,078            
Total Revenues 3,723,784 3,597,308 7,466,622 7,105,358            
Expenses                    
Administrative 47,931 52,304 97,201 104,634            
Depreciation and amortization 813,046 802,224 1,618,053 1,602,615            
Management Fees 84,237 80,673 165,333 155,624            
Operating 248,392 274,150 608,261 729,806            
Renting 27,106 16,920 55,595 33,213            
Repairs and Maintenance 329,444 323,559 593,075 540,177            
Taxes and Insurance 365,599 372,658 733,758 733,913            
Total Expenses 1,915,755 1,922,488 3,871,276 3,899,982            
Income Before Other Income 1,808,029 1,674,820 3,595,346 3,205,376            
Other Income (loss)                    
Interest Expense (1,214,929) (1,233,713) (2,434,648) (2,458,592)            
Total Other Income (Loss) (1,214,929) (1,233,713) (2,434,648) (2,458,592)            
Net Income (Loss) 593,100 441,107 1,160,698 746,784            
Proportionate share of net income (loss) $ 237,240 $ 176,445 $ 464,280 $ 298,714            
Ownership interest (as a percent) 40.00% 40.00% 40.00% 40.00%