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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details)
Jun. 30, 2016
USD ($)
Hamilton Essex 81  
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES  
Thereafter $ 10,000,000
Total 10,000,000
Less: unamortized deferred financing costs (127,549)
Debt maturities net of unamortized deferred financing costs 9,872,451
345 Franklin  
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES  
3/31/2017 162,063
3/31/2018 186,607
3/31/2019 193,959
3/31/2020 201,599
3/31/2021 209,541
Thereafter 9,046,231
Total 10,000,000
Less: unamortized deferred financing costs (79,902)
Debt maturities net of unamortized deferred financing costs 9,920,098
Hamilton 1025  
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES  
3/31/2017 4,695,747
Total 4,695,747
Less: unamortized deferred financing costs (2,054)
Debt maturities net of unamortized deferred financing costs 4,693,693
Hamilton Bay Apts  
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES  
3/31/2017 4,467,678
Total 4,467,678
Less: unamortized deferred financing costs (3,977)
Debt maturities net of unamortized deferred financing costs 4,463,701
Hamilton Minuteman  
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES  
3/31/2017 5,171,718
Total 5,171,718
Less: unamortized deferred financing costs (2,022)
Debt maturities net of unamortized deferred financing costs 5,169,696
Hamilton on Main Apts  
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES  
Thereafter 16,900,000
Total 16,900,000
Less: unamortized deferred financing costs (131,086)
Debt maturities net of unamortized deferred financing costs 16,768,914
Dexter Park  
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES  
3/31/2017 1,542,599
3/31/2018 1,630,749
3/31/2019 1,723,938
3/31/2020 79,314,659
Total 84,211,945
Less: unamortized deferred financing costs (193,748)
Debt maturities net of unamortized deferred financing costs 84,018,197
Total  
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES  
3/31/2017 16,039,805
3/31/2018 1,817,356
3/31/2019 1,917,897
3/31/2020 79,516,258
3/31/2021 209,541
Thereafter 35,946,231
Total 135,447,088
Less: unamortized deferred financing costs (540,338)
Debt maturities net of unamortized deferred financing costs $ 134,906,750