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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details)
1 Months Ended 12 Months Ended
Mar. 01, 2017
USD ($)
Sep. 12, 2016
USD ($)
Jul. 08, 2016
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Sep. 30, 2015
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Oct. 28, 2009
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Mar. 07, 2005
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Mar. 02, 2005
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Sep. 30, 2004
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Aug. 31, 2004
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Aug. 31, 2014
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Feb. 28, 2007
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Oct. 31, 2004
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Dec. 31, 2017
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Dec. 31, 2016
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Dec. 31, 2015
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Jan. 31, 2018
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Feb. 01, 2016
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Feb. 01, 2015
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May 31, 2008
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Dec. 31, 2006
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Oct. 03, 2005
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Nov. 30, 2001
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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Investments in joint venture | $                         $ 7,212,044 $ 8,336,505 $ 7,819,162              
Outstanding amount of mortgage | $                         233,221,258 212,709,080                
Number of units                             1,033              
Number of units retained for long-term investment                             (786)              
Number of units sold                             242              
Interest paid | $                         10,589,000 9,942,000 $ 9,838,000              
Units to be sold                             247              
Distribution to the Partnership | $                         7,985,835 $ 6,729,679 $ 3,785,883              
Carrying value of investment to discontinue applying the equity method | $                         0                  
Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Outstanding amount of mortgage | $                         $ 233,221,000                  
Dexter Park                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)         40.00%                 40.00% 40.00%              
Investments in joint venture | $         $ 15,925,000                   $ 3,862,912              
Number of units                         409 409 409              
Number of units retained for long-term investment                         (409) (409) (409)              
Hamilton Bay Apts                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)                           50.00% 50.00%           50.00%  
Investments in joint venture | $                             $ 841,266           $ 2,500,000,000,000  
Number of units                         48 48 48           168  
Number of units retained for long-term investment                           0 (48)           48  
Number of units sold                         29       31       120  
Interest rate (as a percent)                     5.57%                      
Period for which the entity is required to make interest only payments                     5 years                      
Amortization period of debt                     30 years                      
Purchase price of investments | $                                         $ 30,875,000  
Capital contributions | $ $ 2,222,000                                          
Borrowings | $                     $ 4,750,000                      
Gain on Sale of Real Estate | $                         $ 3,628,000                  
Units to be sold                         48 48                
Hamilton Bay Apts | Subsequent event                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units sold                               2            
Hamilton Bay Sales                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)                           50.00% 50.00%              
Investments in joint venture | $                             $ 287,671              
Number of units                         120 120 120              
Number of units sold                             115   120 119        
Units to be sold                         120 120 120              
Hamilton Essex Development, LLC and Hamilton Essex 81, LLC                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)           50.00%                                
Investments in joint venture | $           $ 2,000,000                                
Purchase price of real estate properties | $           $ 14,300,000                                
Hamilton 1025                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)             50.00%             50.00% 50.00%              
Investments in joint venture | $             $ 2,352,000               $ 129,305              
Number of units             176           176 176 176              
Number of units retained for long-term investment             49           18 0 (48)              
Number of units sold             127               127   159 139        
Purchase price of investments | $             $ 23,750,000                              
Capital contributions | $     $ 2,359,500                                      
Units to be sold                         176 176 127              
Hamilton 1025 | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Interest rate (as a percent)             5.67%                              
Period for which the entity is required to make interest only payments             5 years                              
Amortization period of debt             30 years                              
Borrowings | $             $ 5,000,000                              
Term of debt             10 years                              
Hamilton 1025 | Subsequent event                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units sold                               1            
Hamilton Minuteman                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)               50.00%           50.00% 50.00%              
Investments in joint venture | $               $ 5,075,000             $ 548,448              
Outstanding amount of mortgage | $                         $ 6,000,000                  
Number of units               42         42 42 42              
Number of units retained for long-term investment                         (42) (42) (42)              
Cash contribution by the entity towards loan | $                                       $ 1,250,000    
Hamilton Minuteman | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Mortgage amount | $   $ 6,000,000                                        
Interest rate (as a percent)   3.71%                                        
Period for which the entity is required to make interest only payments   15 years                                        
Repayment of loan | $   $ 5,158,000                                        
Distribution to the Partnership | $   $ 385,000                                        
Hamilton on Main Apts                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)                 50.00%         50.00% 50.00%              
Investments in joint venture | $                 $ 8,000,000           $ 832,780              
Outstanding amount of mortgage | $                         $ 16,900,000                  
Number of units                 280       148 148 148              
Number of units retained for long-term investment                         (148) (148) (148)              
345 Franklin                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)                           50.00% 50.00%             50.00%
Investments in joint venture | $                                           $ 1,533,000
Number of units                         40 40 40             40
Number of units retained for long-term investment                         (40) (40) (40)              
Investment Properties                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of limited partnerships and limited liability companies in which the entity has invested                         9                  
Number of partnerships investing in commercial property                         3                  
Number of units                         1,033 1,033                
Number of units retained for long-term investment                         (689) (689)                
Number of units sold                                 310 258        
Units to be sold                         344 344                
Dexter Park                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Purchase price of real estate properties | $         $ 129,500,000                                  
Hamilton Essex 81                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Outstanding amount of mortgage | $                         $ 10,000,000                  
Hamilton Essex 81 | Mortgage, 2.18% Plus LIBOR, September 2015                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Mortgage amount | $       $ 10,000,000                                    
Hamilton Essex 81 | Mortgage, 2.18% Plus LIBOR, September 2015 | LIBOR                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Margin over basis of interest rate (as a percent)       2.18%                                    
Basis of interest rate       one month LIBOR                                    
Hamilton on Main Apts                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units sold                                     137      
Purchase price of real estate properties | $                 $ 56,000,000                          
Distribution to the Partnership | $                   $ 850,000                        
Hamilton Minuteman                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Purchase price of real estate properties | $               $ 10,100,000                            
Distribution to the Partnership | $                       $ 3,775,000                    
Residential buildings                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units                             1,030              
Residential buildings | Dexter Park                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units                         409 409 409              
Residential buildings | Hamilton Bay Apts                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units                         48 48 48              
Residential buildings | Hamilton Bay Sales                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units                         120 120 120              
Residential buildings | Hamilton 1025                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units                         175 175 175              
Residential buildings | Hamilton Minuteman                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units                         42 42 42              
Residential buildings | Hamilton on Main Apts                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units                         148 148 148              
Residential buildings | 345 Franklin                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units                         40 40 40              
Residential buildings | Investment Properties                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units                         1,030 1,030                
Residential buildings | Dexter Park                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units         409                                  
Apartment | Hamilton Essex Development, LLC and Hamilton Essex 81, LLC                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units           48                                
Commercial                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units                             3              
Commercial | Hamilton Essex Development, LLC and Hamilton Essex 81, LLC                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units           1                                
Commercial | Hamilton 1025                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units                         1 1 1              
Commercial | Investment Properties                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units                         3 3                
Car parking lot | Hamilton Essex Development, LLC and Hamilton Essex 81, LLC                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Capacity of real estate property (in cars per lot)           50                                
Minimum | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Interest rate (as a percent)                         3.24%                  
Minimum | Investment Properties                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)                         40.00%                  
Minimum | Harold Brown | Investment Properties                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest of related party (as a percent)                         43.20%                  
Maximum | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Interest rate (as a percent)                         5.97%                  
Maximum | Investment Properties                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)                         50.00%                  
Maximum | Harold Brown | Investment Properties                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest of related party (as a percent)                         56.00%