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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Income) (Details) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Oct. 28, 2009
Oct. 03, 2005
Mar. 02, 2005
Sep. 30, 2004
Aug. 31, 2004
Nov. 30, 2001
Investment Properties                
Revenues                
Rental income $ 6,082,799 $ 6,090,723            
Laundry and Sundry Income 38,431 41,933            
Total Revenues 6,121,230 6,132,656            
Expenses                
Administrative 79,279 93,356            
Depreciation and amortization 1,489,214 1,471,921            
Management Fees 179,082 175,714            
Operating 532,304 504,059            
Renting 38,718 39,049            
Repairs and Maintenance 620,731 649,244            
Taxes and Insurance 760,774 721,092            
Total Expenses 3,700,102 3,654,435            
Income Before Other Income 2,421,128 2,478,221            
Other Income (loss)                
Interest Expense (1,657,372) (1,793,506)            
Interest Income   3            
Gain on Sale of Real Estate 710,759 168,008            
Total Other Income (Loss) (946,613) (1,625,495)            
Net Income (Loss) 1,474,516 852,726            
Proportionate share of net income (loss) 672,837 369,604            
Investment Properties | NERA 50%                
Other Income (loss)                
Proportionate share of net income (loss) 415,132 142,564            
Investment Properties | NERA 40%                
Other Income (loss)                
Proportionate share of net income (loss) 257,705 227,040            
Hamilton Essex 81 | NERA 50%                
Revenues                
Rental income 401,194 398,797            
Laundry and Sundry Income 3,531 3,982            
Total Revenues 404,725 402,779            
Expenses                
Administrative 5,201 15,552            
Depreciation and amortization 113,299 111,964            
Management Fees 17,380 14,685            
Operating 23,637 30,503            
Renting 3,722 540            
Repairs and Maintenance 20,731 33,934            
Taxes and Insurance 60,469 57,435            
Total Expenses 244,439 264,613            
Income Before Other Income 160,286 138,166            
Other Income (loss)                
Interest Expense (78,991) (70,608)            
Total Other Income (Loss) (78,991) (70,608)            
Net Income (Loss) 81,295 67,558            
Proportionate share of net income (loss) $ 40,648 $ 33,779            
Ownership interest (as a percent) 50.00% 50.00%            
Hamilton Essex Development | NERA 50%                
Revenues                
Rental income $ 60,000 $ 60,000            
Total Revenues 60,000 60,000            
Expenses                
Administrative 425 425            
Depreciation and amortization 707 707            
Management Fees 2,400 2,400            
Taxes and Insurance 14,532 15,172            
Total Expenses 18,064 18,704            
Income Before Other Income 41,936 41,296            
Other Income (loss)                
Net Income (Loss) 41,936 41,296            
Proportionate share of net income (loss) $ 20,968 $ 20,648            
Ownership interest (as a percent) 50.00% 50.00%            
345 Franklin                
Other Income (loss)                
Ownership interest (as a percent)               50.00%
345 Franklin | NERA 50%                
Revenues                
Rental income $ 372,417 $ 366,918            
Laundry and Sundry Income 945 1,590            
Total Revenues 373,362 368,508            
Expenses                
Administrative 6,390 9,987            
Depreciation and amortization 86,422 86,915            
Management Fees 15,958 14,837            
Operating 23,145 20,123            
Renting 2,136 185            
Repairs and Maintenance 19,300 16,708            
Taxes and Insurance 36,718 34,016            
Total Expenses 190,069 182,771            
Income Before Other Income 183,293 185,737            
Other Income (loss)                
Interest Expense (99,404) (99,504)            
Total Other Income (Loss) (99,404) (99,504)            
Net Income (Loss) 83,889 86,233            
Proportionate share of net income (loss) $ 41,945 $ 43,117            
Ownership interest (as a percent) 50.00% 50.00%            
Hamilton 1025                
Other Income (loss)                
Ownership interest (as a percent)         50.00%      
Hamilton 1025 | NERA 50%                
Revenues                
Rental income $ 130,398 $ 235,321            
Total Revenues 130,398 235,321            
Expenses                
Administrative 964 1,427            
Depreciation and amortization 45,626 59,065            
Management Fees 4,763 9,525            
Operating (37) 365            
Renting 62              
Repairs and Maintenance 55,502 77,481            
Taxes and Insurance 29,378 42,949            
Total Expenses 136,258 190,812            
Income Before Other Income (5,860) 44,509            
Other Income (loss)                
Interest Expense (503) (69,516)            
Interest Income   3            
Gain on Sale of Real Estate 710,759              
Total Other Income (Loss) 710,256 (69,513)            
Net Income (Loss) 704,396 (25,004)            
Proportionate share of net income (loss) $ 352,199 $ (12,502)            
Ownership interest (as a percent) 50.00% 50.00%            
Hamilton Bay Sales | NERA 50%                
Revenues                
Rental income $ 2,867 $ 16,665            
Total Revenues 2,867 16,665            
Expenses                
Administrative 824 1,899            
Depreciation and amortization 1,230 6,292            
Management Fees 135 670            
Operating 19 152            
Renting 62              
Repairs and Maintenance 1,980 8,017            
Taxes and Insurance 863 4,217            
Total Expenses 5,113 21,247            
Income Before Other Income (2,246) (4,582)            
Other Income (loss)                
Interest Expense (2) (47)            
Gain on Sale of Real Estate   168,008            
Total Other Income (Loss) (2) 167,961            
Net Income (Loss) (2,248) 163,379            
Proportionate share of net income (loss) $ (1,124) $ 81,690            
Ownership interest (as a percent) 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 $ 222,036 $ 248,827            
Total Revenues 222,036 248,827            
Expenses                
Administrative 3,065 1,980            
Depreciation and amortization 81,252 79,392            
Management Fees 8,650 10,241            
Operating 652 294            
Renting 62 477            
Repairs and Maintenance 106,605 99,792            
Taxes and Insurance 46,095 41,909            
Total Expenses 246,381 234,085            
Income Before Other Income (24,345) 14,742            
Other Income (loss)                
Interest Expense (41,525) (65,912)            
Total Other Income (Loss) (41,525) (65,912)            
Net Income (Loss) (65,870) (51,170)            
Proportionate share of net income (loss) $ (32,935) $ (25,585)            
Ownership interest (as a percent) 50.00% 50.00%            
Hamilton Minuteman                
Other Income (loss)                
Ownership interest (as a percent)           50.00%    
Hamilton Minuteman | NERA 50%                
Revenues                
Rental income $ 256,788 $ 248,561            
Laundry and Sundry Income 675 245            
Total Revenues 257,463 248,806            
Expenses                
Administrative 1,205 1,307            
Depreciation and amortization 86,675 84,684            
Management Fees 11,141 10,335            
Operating 27,875 23,663            
Renting 1,321 3,855            
Repairs and Maintenance 20,854 53,661            
Taxes and Insurance 31,445 29,424            
Total Expenses 180,516 206,929            
Income Before Other Income 76,947 41,877            
Other Income (loss)                
Interest Expense (59,091) (76,316)            
Total Other Income (Loss) (59,091) (76,316)            
Net Income (Loss) 17,856 (34,439)            
Proportionate share of net income (loss) $ 8,929 $ (17,220)            
Ownership interest (as a percent) 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 $ 826,303 $ 798,328            
Laundry and Sundry Income 8,947 10,583            
Total Revenues 835,250 808,911            
Expenses                
Administrative 11,018 11,508            
Depreciation and amortization 242,316 237,896            
Management Fees 34,103 31,925            
Operating 104,159 69,090            
Renting 10,026 5,503            
Repairs and Maintenance 164,126 96,020            
Taxes and Insurance 109,815 127,811            
Total Expenses 675,563 579,753            
Income Before Other Income 159,687 229,158            
Other Income (loss)                
Interest Expense (190,684) (191,883)            
Total Other Income (Loss) (190,684) (191,883)            
Net Income (Loss) (30,997) 37,275            
Proportionate share of net income (loss) $ (15,498) $ 18,638            
Ownership interest (as a percent) 50.00% 50.00%            
Dexter Park                
Other Income (loss)                
Ownership interest (as a percent)     40.00%          
Dexter Park | NERA 40%                
Revenues                
Rental income $ 3,810,796 $ 3,717,306            
Laundry and Sundry Income 24,333 25,533            
Total Revenues 3,835,129 3,742,839            
Expenses                
Administrative 50,187 49,271            
Depreciation and amortization 831,687 805,006            
Management Fees 84,552 81,096            
Operating 352,854 359,869            
Renting 21,327 28,489            
Repairs and Maintenance 231,633 263,631            
Taxes and Insurance 431,459 368,159            
Total Expenses 2,003,699 1,955,521            
Income Before Other Income 1,831,430 1,787,318            
Other Income (loss)                
Interest Expense (1,187,172) (1,219,720)            
Total Other Income (Loss) (1,187,171) (1,219,720)            
Net Income (Loss) 644,259 567,598            
Proportionate share of net income (loss) $ 257,705 $ 227,040            
Ownership interest (as a percent) 40.00% 40.00%