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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Income) (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 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 $ 5,899,236 $ 5,899,665 $ 18,015,365 $ 17,521,757            
Laundry and Sundry Income 35,733 41,871 121,767 111,211            
Total Revenues 5,934,969 5,941,536 18,137,132 17,632,968            
Expenses                    
Administrative 78,481 117,058 247,198 279,475            
Depreciation and amortization 1,490,841 1,479,007 4,445,477 4,411,711            
Management Fees 167,430 163,883 521,231 507,372            
Operating 411,294 411,157 1,305,617 1,483,547            
Renting 166,929 49,225 256,965 108,602            
Repairs and Maintenance 905,924 778,526 2,315,834 1,985,085            
Taxes and Insurance 721,094 708,364 2,157,764 2,037,201            
Total Expenses 3,941,993 3,707,220 11,250,086 10,812,993            
Income Before Other Income 1,992,976 2,234,316 6,887,046 6,819,975            
Other Income (loss)                    
Interest Expense (1,739,192) (1,887,919) (5,320,441) (5,630,557)            
Interest Income 1 3 10 107            
Other Income (Expense)       76,523            
Gain on Sale of Real Estate 901,980 76,648 1,137,450              
Total Other Income (Loss) (837,211) (1,811,268) (4,182,981) (5,553,927)            
Net Income (Loss) 1,155,765 423,048 2,704,065 1,266,048            
Proportionate share of net income (loss) 562,584 177,890 1,220,666 524,710            
Investment Properties | NERA 50%                    
Other Income (loss)                    
Proportionate share of net income (loss) 501,394 43,347 695,197 91,454            
Investment Properties | NERA 40%                    
Other Income (loss)                    
Proportionate share of net income (loss) 61,190 134,543 525,469 433,256            
Hamilton Essex 81 | NERA 50%                    
Revenues                    
Rental income 371,228 368,163 1,139,145 1,090,071            
Laundry and Sundry Income 2,675 7,622 11,032 10,114            
Total Revenues 373,903 375,785 1,150,177 1,100,185            
Expenses                    
Administrative 5,660 8,781 25,757 17,087            
Depreciation and amortization 113,626 110,629 338,820 326,816            
Management Fees 17,216 14,929 47,267 46,666            
Operating 24,073 22,961 74,431 81,724            
Renting 16,965 2,185 23,804 8,906            
Repairs and Maintenance 44,248 44,380 120,332 110,815            
Taxes and Insurance 56,037 54,826 171,345 161,702            
Total Expenses 277,825 258,691 801,756 753,716            
Income Before Other Income 96,078 117,094 348,421 346,469            
Other Income (loss)                    
Interest Expense (72,768) (122,433) (214,415) (367,955)            
Total Other Income (Loss) (72,768) (122,433) (214,415) (367,955)            
Net Income (Loss) 23,310 (5,339) 134,006 (21,486)            
Proportionate share of net income (loss) $ 11,655 $ (2,670) $ 67,003 $ (10,743)            
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 $ 180,000 $ 217,568            
Total Revenues 60,000 72,523 180,000 217,568            
Expenses                    
Administrative 425 425 1,314 1,434            
Depreciation and amortization 707 708 2,122 2,122            
Management Fees 2,400 2,912 7,200 8,714            
Repairs and Maintenance   200 3,150 200            
Taxes and Insurance 14,062 12,659 44,664 39,503            
Total Expenses 17,594 16,904 58,450 51,973            
Income Before Other Income 42,406 55,619 121,550 165,595            
Other Income (loss)                    
Interest Expense   (14,882)   (46,283)            
Total Other Income (Loss)   (14,882)   (46,283)            
Net Income (Loss) 42,406 40,737 121,550 119,312            
Proportionate share of net income (loss) $ 21,203 $ 20,369 $ 60,775 $ 59,655            
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 $ 364,649 $ 354,840 $ 1,089,610 $ 1,033,115            
Laundry and Sundry Income 725   2,823 323            
Total Revenues 365,374 354,840 1,092,433 1,033,438            
Expenses                    
Administrative 7,071 11,531 23,269 25,912            
Depreciation and amortization 86,988 92,140 260,819 276,396            
Management Fees 15,033 13,731 45,858 42,971            
Operating 16,670 16,055 53,336 67,241            
Renting 4,369 3,544 14,910 12,649            
Repairs and Maintenance 19,499 26,888 48,832 45,950            
Taxes and Insurance 30,006 29,873 94,429 89,750            
Total Expenses 179,636 193,762 541,453 560,869            
Income Before Other Income 185,738 161,078 550,980 472,569            
Other Income (loss)                    
Interest Expense (99,433) (99,632) (298,442) (298,900)            
Total Other Income (Loss) (99,433) (99,632) (298,442) (298,900)            
Net Income (Loss) 86,305 61,446 252,538 173,669            
Proportionate share of net income (loss) $ 43,153 $ 30,723 $ 126,270 $ 86,834            
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 $ 177,852 $ 236,343 $ 650,328 $ 713,771            
Total Revenues 177,852 236,343 650,328 713,771            
Expenses                    
Administrative 5,684 2,338 8,429 5,500            
Depreciation and amortization 58,998 59,312 177,062 176,861            
Management Fees 6,293 9,442 24,220 28,273            
Operating 147 183 732 531            
Renting     1,789              
Repairs and Maintenance 76,499 79,646 232,398 235,033            
Taxes and Insurance 35,405 40,360 121,614 126,255            
Total Expenses 183,026 191,281 566,244 572,453            
Income Before Other Income (5,174) 45,062 84,084 141,318            
Other Income (loss)                    
Interest Expense (10,638) (70,688) (149,327) (210,641)            
Interest Income 1 3 10 11            
Gain on Sale of Real Estate 802,129   802,129              
Total Other Income (Loss) 791,492 (70,685) 652,812 (210,630)            
Net Income (Loss) 786,318 (25,623) 736,896 (69,312)            
Proportionate share of net income (loss) $ 393,158 $ (12,812) $ 368,448 $ (34,656)            
Ownership interest (as a percent) 50.00% 50.00% 50.00% 50.00%            
Hamilton Bay Sales | NERA 50%                    
Revenues                    
Rental income $ 8,625 $ 19,080 $ 36,315 $ 78,548            
Total Revenues 8,625 19,080 36,315 78,548            
Expenses                    
Administrative 2,328 1,863 5,312 6,537            
Depreciation and amortization 6,292 8,988 18,876 26,961            
Management Fees 336 820 1,412 3,143            
Operating 58 271 257 476            
Renting   159                
Repairs and Maintenance 5,187 10,879 18,756 34,914            
Taxes and Insurance 1,300 5,479 8,371 16,415            
Total Expenses 15,501 28,459 52,984 88,446            
Income Before Other Income (6,876) (9,379) (16,669) (9,898)            
Other Income (loss)                    
Interest Expense (6) (55) (65) (268)            
Other Income (Expense)       76,523            
Gain on Sale of Real Estate 99,851 76,648 335,321              
Total Other Income (Loss) 99,845 76,593 335,256 76,255            
Net Income (Loss) 92,969 67,214 318,587 66,357            
Proportionate share of net income (loss) $ 46,485 $ 33,607 $ 159,294 $ 33,179            
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 $ 230,491 $ 246,892 $ 724,848 $ 733,978            
Total Revenues 230,491 246,892 724,848 733,978            
Expenses                    
Administrative 2,386 1,883 8,257 5,507            
Depreciation and amortization 79,953 79,016 238,807 235,126            
Management Fees 8,964 9,482 28,568 28,914            
Operating 356 208 1,364 917            
Renting 3,400   4,354 2,350            
Repairs and Maintenance 104,886 87,765 305,491 273,982            
Taxes and Insurance 40,318 38,861 124,296 115,086            
Total Expenses 240,263 217,215 711,137 661,882            
Income Before Other Income (9,772) 29,677 13,711 72,096            
Other Income (loss)                    
Interest Expense (65,351) (66,763) (196,329) (199,183)            
Total Other Income (Loss) (65,351) (66,763) (196,329) (199,183)            
Net Income (Loss) (75,123) (37,086) (182,618) (127,087)            
Proportionate share of net income (loss) $ (37,562) $ (18,543) $ (91,309) $ (63,544)            
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 $ 251,118 $ 231,545 $ 742,872 $ 699,019            
Laundry and Sundry Income 44   343              
Total Revenues 251,162 231,545 743,215 699,019            
Expenses                    
Administrative 2,625 1,032 5,225 3,724            
Depreciation and amortization 85,288 82,190 254,869 243,699            
Management Fees 10,469 9,529 30,392 28,974            
Operating 20,614 17,946 66,845 64,428            
Renting 819 1,877 5,621 6,623            
Repairs and Maintenance (45,582) 23,864 65,358 56,628            
Taxes and Insurance 30,997 30,972 90,496 92,943            
Total Expenses 105,230 167,410 518,806 497,019            
Income Before Other Income 145,932 64,135 224,409 202,000            
Other Income (loss)                    
Interest Expense (74,324) (77,815) (226,672) (231,356)            
Total Other Income (Loss) (74,324) (77,815) (226,672) (231,356)            
Net Income (Loss) 71,608 (13,680) (2,263) (29,356)            
Proportionate share of net income (loss) $ 35,804 $ (6,840) $ (1,132) $ (14,678)            
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 $ 820,748 $ 781,336 $ 2,425,746 $ 2,305,464            
Laundry and Sundry Income 10,811 10,888 31,445 33,335            
Total Revenues 831,559 792,224 2,457,191 2,338,799            
Expenses                    
Administrative 11,545 12,414 31,677 32,349            
Depreciation and amortization 241,279 239,747 718,340 714,838            
Management Fees 33,611 30,816 97,873 91,870            
Operating 81,583 111,793 232,598 296,685            
Renting 3,590 2,300 13,106 5,701            
Repairs and Maintenance 180,736 114,683 407,989 297,165            
Taxes and Insurance 110,147 87,515 365,969 253,816            
Total Expenses 662,491 599,268 1,867,552 1,692,424            
Income Before Other Income 169,068 192,956 589,639 646,375            
Other Income (loss)                    
Interest Expense (194,071) (193,932) (577,942) (575,661)            
Interest Income       96            
Total Other Income (Loss) (194,071) (193,932) (577,942) (575,565)            
Net Income (Loss) (25,003) (976) 11,697 70,810            
Proportionate share of net income (loss) $ (12,502) $ (488) $ 5,848 $ 35,405            
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 $ 3,614,525 $ 3,588,943 $ 11,026,501 $ 10,650,223            
Laundry and Sundry Income 21,478 23,361 76,124 67,439            
Total Revenues 3,636,003 3,612,304 11,102,625 10,717,662            
Expenses                    
Administrative 40,757 76,791 137,958 181,425            
Depreciation and amortization 817,710 806,277 2,435,762 2,408,892            
Management Fees 73,108 72,222 238,441 227,847            
Operating 267,793 241,740 876,054 971,545            
Renting 137,786 39,160 193,381 72,373            
Repairs and Maintenance 520,451 390,221 1,113,528 930,398            
Taxes and Insurance 402,822 407,819 1,136,580 1,141,731            
Total Expenses 2,260,427 2,034,230 6,131,704 5,934,211            
Income Before Other Income 1,375,576 1,578,074 4,970,921 4,783,451            
Other Income (loss)                    
Interest Expense (1,222,601) (1,241,719) (3,657,249) (3,700,310)            
Total Other Income (Loss) (1,222,601) (1,241,719) (3,657,249) (3,700,310)            
Net Income (Loss) 152,975 336,355 1,313,672 1,083,141            
Proportionate share of net income (loss) $ 61,190 $ 134,543 $ 525,469 $ 433,256            
Ownership interest (as a percent) 40.00% 40.00% 40.00% 40.00%