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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Income) (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Oct. 28, 2009
Oct. 03, 2005
Mar. 02, 2005
Sep. 30, 2004
Aug. 31, 2004
Nov. 30, 2001
Revenues                                  
Rental income                 $ 61,661,551 $ 60,012,174 $ 57,535,734            
Laundry and sundry income                 441,159 465,140 478,330            
Total Revenues $ 14,825,754 $ 15,142,266 $ 15,759,106 $ 16,375,584 $ 15,447,866 $ 15,155,901 $ 14,991,403 $ 14,882,144 62,102,710 60,477,314 58,014,064            
Expenses                                  
Administrative                 2,209,780 2,495,272 2,204,923            
Depreciation and amortization                 18,410,811 14,684,248 15,568,973            
Management fee                 2,452,814 2,409,151 2,326,225            
Operating                 5,766,160 5,682,264 5,542,605            
Renting                 864,542 953,043 779,503            
Repairs and maintenance                 8,781,789 9,191,561 9,187,714            
Taxes and insurance                 8,647,781 7,790,008 7,485,749            
Total Expenses                 47,133,677 43,205,547 43,095,692            
Income Before Other Income (Expense) 2,952,494 3,227,636 4,444,469 4,344,434 4,563,916 4,177,017 4,579,147 3,951,687 14,969,033 17,271,767 14,918,372            
Other Income (Expense)                                  
Interest expense                 (13,705,415) (12,201,966) (12,389,680)            
Interest income                 195 607 344            
Total Other Income (Expense) (3,922,516) (3,666,920) (2,979,418) (2,975,651) (2,665,403) (2,793,038) (2,814,903) (2,451,171) (13,544,505) (10,724,515) (10,749,282)            
Net (Loss) Income $ (970,022) $ (439,284) $ 1,465,051 $ 1,368,783 $ 1,898,513 $ 1,383,979 $ 1,764,244 $ 1,500,516 $ 1,424,528 $ 6,547,252 $ 4,169,090            
NERA 50%                                  
Other Income (Expense)                                  
Ownership interest (as a percent) 50.00%       50.00%       50.00% 50.00% 50.00%            
NERA 40%                                  
Other Income (Expense)                                  
Ownership interest (as a percent) 40.00%       40.00%       40.00% 40.00% 40.00%            
Investment Properties                                  
Revenues                                  
Rental income                 $ 21,776,809 $ 24,648,947 $ 23,919,253            
Laundry and sundry income                 129,713 165,096 163,958            
Total Revenues                 21,906,522 24,814,043 24,083,211            
Expenses                                  
Administrative                 327,697 377,298 360,792            
Depreciation and amortization                 5,956,370 5,903,401 5,832,195            
Management fee                 580,029 664,341 652,200            
Operating                 1,633,551 1,791,071 1,942,878            
Renting                 466,296 495,103 645,890            
Repairs and maintenance                 2,441,880 2,511,741 2,666,148            
Taxes and insurance                 3,383,874 3,074,653 2,827,058            
Total Expenses                 14,789,697 14,817,608 14,927,161            
Income Before Other Income (Expense)                 7,116,825 9,996,435 9,156,050            
Other Income (Expense)                                  
Interest expense                 (6,742,727) (6,915,193) (6,866,175)            
Other (loss)                     (3,829,950)            
Gain on sale of real estate                   734,635 4,410,541            
Total Other Income (Expense)                   (6,180,558) (6,285,584)            
Net (Loss) Income                 374,098 3,815,877 2,870,466            
Proportionate share of net income (loss)                 160,715 1,678,554 1,640,054            
Investment Properties | NERA 50%                                  
Other Income (Expense)                                  
Proportionate share of net income (loss)                 55,380 761,014 2,459,336            
Investment Properties | NERA 40%                                  
Other Income (Expense)                                  
Proportionate share of net income (loss)                 105,335 917,540 (819,282)            
Hamilton Essex 81                                  
Revenues                                  
Rental income                 874,212 1,743,610 1,654,459            
Laundry and sundry income                 12,495 14,350 14,595            
Total Revenues                 886,707 1,757,960 1,669,054            
Expenses                                  
Administrative                 20,296 29,307 21,146            
Depreciation and amortization                 488,315 483,748 475,646            
Management fee                 42,958 69,039 59,246            
Operating                 79,195 89,002 78,979            
Renting                 22,782 43,534 41,946            
Repairs and maintenance                 128,728 152,930 159,486            
Taxes and insurance                 256,162 245,086 247,729            
Total Expenses                 1,038,436 1,112,646 1,084,178            
Income Before Other Income (Expense)                 (151,729) 645,314 584,876            
Other Income (Expense)                                  
Interest expense                 (299,161) (466,737) (440,676)            
Total Other Income (Expense)                   (466,737) (440,676)            
Net (Loss) Income                 $ (450,890) $ 178,577 $ 144,200            
Ownership interest (as a percent) 50.00%       50.00%       50.00% 50.00% 50.00%            
Hamilton Essex 81 | NERA 50%                                  
Other Income (Expense)                                  
Proportionate share of net income (loss)                 $ (225,445) $ 89,289 $ 72,100            
Hamilton Essex Development                                  
Revenues                                  
Rental income                 19,848 222,183 244,137            
Total Revenues                 19,848 222,183 244,137            
Expenses                                  
Administrative                 4,026 25,369 9,280            
Depreciation and amortization                 20,297 20,297 8,706            
Management fee                 2,203 8,683 8,632            
Operating                   8              
Renting                     37,353            
Repairs and maintenance                 3,180 3,180 8,643            
Taxes and insurance                 61,612 61,493 64,529            
Total Expenses                 91,318 119,030 137,143            
Income Before Other Income (Expense)                 (71,470) 103,153 106,994            
Other Income (Expense)                                  
Net (Loss) Income                 $ (71,470) $ 103,153 $ 106,994            
Ownership interest (as a percent) 50.00%       50.00%       50.00% 50.00% 50.00%            
Hamilton Essex Development | NERA 50%                                  
Other Income (Expense)                                  
Proportionate share of net income (loss)                 $ (35,735) $ 51,577 $ 53,497            
345 Franklin                                  
Revenues                                  
Rental income                 1,516,648 1,613,295 1,567,718            
Laundry and sundry income                 604 2,844 5,410            
Total Revenues                 1,517,252 1,616,139 1,573,128            
Expenses                                  
Administrative                 36,431 24,610 27,601            
Depreciation and amortization                 339,513 345,282 347,547            
Management fee                 57,986 62,486 65,058            
Operating                 67,885 80,581 76,512            
Renting                 52,571 36,918 44,869            
Repairs and maintenance                 138,991 125,474 130,926            
Taxes and insurance                 167,456 154,731 147,217            
Total Expenses                 860,833 830,082 839,730            
Income Before Other Income (Expense)                 656,419 786,057 733,398            
Other Income (Expense)                                  
Interest expense                 (369,742) (377,448) (384,824)            
Total Other Income (Expense)                   (377,448) (384,824)            
Net (Loss) Income                 $ 286,677 $ 408,609 $ 348,574            
Ownership interest (as a percent) 50.00%       50.00%       50.00% 50.00% 50.00%           50.00%
345 Franklin | NERA 50%                                  
Other Income (Expense)                                  
Proportionate share of net income (loss)                 $ 143,339 $ 204,305 $ 174,287            
Hamilton 1025                                  
Revenues                                  
Rental income                 96,223 93,116 112,785            
Total Revenues                 96,223 93,116 112,785            
Expenses                                  
Administrative                 12,995 7,497 5,939            
Depreciation and amortization                 3,264 7,655              
Management fee                 3,529 3,556 4,503            
Operating                 276 974 1,606            
Renting                   64 108            
Repairs and maintenance                   28,399 94,680            
Taxes and insurance                 17,416 22,213 46,164            
Total Expenses                 37,480 70,358 153,000            
Income Before Other Income (Expense)                 58,743 22,758 (40,215)            
Other Income (Expense)                                  
Gain on sale of real estate                   306,075 1,972,876            
Total Other Income (Expense)                   306,075 1,972,876            
Net (Loss) Income                 $ 58,743 $ 328,834 $ 1,932,662            
Ownership interest (as a percent) 50.00%       50.00%       50.00% 50.00% 50.00%     50.00%      
Hamilton 1025 | NERA 50%                                  
Other Income (Expense)                                  
Proportionate share of net income (loss)                 $ 29,372 $ 164,417 $ 966,331            
Hamilton Bay Apts                                  
Revenues                                  
Rental income                   3,541 74,812            
Total Revenues                   3,541 74,812            
Expenses                                  
Administrative                   6,147 12,566            
Depreciation and amortization                     30,000            
Management fee                   145 3,091            
Operating                     1,435            
Repairs and maintenance                   10,266 92,268            
Taxes and insurance                   5,206 36,094            
Total Expenses                   21,764 175,454            
Income Before Other Income (Expense)                   (18,223) (100,642)            
Other Income (Expense)                                  
Gain on sale of real estate                   428,560 2,437,665            
Total Other Income (Expense)                   428,560 2,437,665            
Net (Loss) Income                   410,337 $ 2,337,023            
Ownership interest (as a percent)                     50.00%   50.00%        
Hamilton Bay Apts | NERA 50%                                  
Other Income (Expense)                                  
Proportionate share of net income (loss)                   205,169 $ 1,168,512            
Hamilton Minuteman                                  
Revenues                                  
Rental income                 1,165,027 1,136,912 1,077,105            
Laundry and sundry income                 2,951 6,033 (364)            
Total Revenues                 1,167,978 1,142,945 1,076,741            
Expenses                                  
Administrative                 13,603 7,722 5,449            
Depreciation and amortization                 348,994 357,932 355,463            
Management fee                 46,275 45,624 42,852            
Operating                 102,397 83,872 93,795            
Renting                 7,994 5,324 5,940            
Repairs and maintenance                 95,185 133,812 121,222            
Taxes and insurance                 144,664 131,821 127,505            
Total Expenses                 759,112 766,107 752,226            
Income Before Other Income (Expense)                 408,866 376,838 324,515            
Other Income (Expense)                                  
Interest expense                 (238,233) (235,883) (237,707)            
Total Other Income (Expense)                   (235,883) (237,707)            
Net (Loss) Income                 $ 170,633 $ 140,955 $ 86,807            
Ownership interest (as a percent) 50.00%       50.00%       50.00% 50.00% 50.00%       50.00%    
Hamilton Minuteman | NERA 50%                                  
Other Income (Expense)                                  
Proportionate share of net income (loss)                 $ 85,317 $ 70,478 $ 43,404            
Hamilton on Main Apts                                  
Revenues                                  
Rental income                 3,497,639 3,429,864 3,419,218            
Laundry and sundry income                 35,302 41,174 38,080            
Total Revenues                 3,532,941 3,471,038 3,457,298            
Expenses                                  
Administrative                 59,014 68,877 56,339            
Depreciation and amortization                 1,059,165 1,046,022 1,032,394            
Management fee                 132,513 132,195 131,500            
Operating                 362,318 398,286 388,387            
Renting                 73,837 47,817 25,947            
Repairs and maintenance                 513,642 651,948 663,314            
Taxes and insurance                 449,692 404,805 426,665            
Total Expenses                 2,650,181 2,749,950 2,724,546            
Income Before Other Income (Expense)                 882,760 721,088 732,752            
Other Income (Expense)                                  
Interest expense                 (765,692) (769,526) (770,342)            
Total Other Income (Expense)                   (769,526) (770,342)            
Net (Loss) Income                 $ 117,068 $ (48,438) $ (37,590)            
Ownership interest (as a percent) 50.00%       50.00%       50.00% 50.00% 50.00%         50.00%  
Hamilton on Main Apts | NERA 50%                                  
Other Income (Expense)                                  
Proportionate share of net income (loss)                 $ 58,534 $ (24,219) $ (18,795)            
Dexter Park                                  
Revenues                                  
Rental income                 14,607,212 16,406,426 15,769,019            
Laundry and sundry income                 78,361 100,695 106,237            
Total Revenues                 14,685,573 16,507,121 15,875,256            
Expenses                                  
Administrative                 181,332 207,769 222,472            
Depreciation and amortization                 3,696,822 3,642,465 3,582,439            
Management fee                 294,565 342,613 337,318            
Operating                 1,021,480 1,138,348 1,302,164            
Renting                 309,112 361,446 489,727            
Repairs and maintenance                 1,562,154 1,405,732 1,395,609            
Taxes and insurance                 2,286,872 2,049,298 1,731,155            
Total Expenses                 9,352,337 9,147,671 9,060,884            
Income Before Other Income (Expense)                 5,333,236 7,359,450 6,814,372            
Other Income (Expense)                                  
Interest expense                 (5,069,899) (5,065,599) (5,032,626)            
Other (loss)                     (3,829,950)            
Total Other Income (Expense)                   (5,065,599) (8,862,576)            
Net (Loss) Income                 $ 263,337 $ 2,293,851 $ (2,048,202)            
Ownership interest (as a percent) 40.00%       40.00%       40.00% 40.00% 40.00% 40.00%          
Dexter Park | NERA 40%                                  
Other Income (Expense)                                  
Proportionate share of net income (loss)                 $ 105,335 $ 917,540 $ (819,282)