XML 79 R68.htm IDEA: XBRL DOCUMENT v3.22.0.1
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Balance Sheet) (Details)
Dec. 31, 2021
USD ($)
item
Dec. 31, 2020
USD ($)
item
Dec. 31, 2019
USD ($)
item
Dec. 31, 2018
USD ($)
May 31, 2018
USD ($)
Oct. 28, 2009
USD ($)
item
Oct. 03, 2005
USD ($)
item
Mar. 02, 2005
USD ($)
item
Sep. 30, 2004
USD ($)
item
Aug. 31, 2004
USD ($)
item
Nov. 30, 2001
USD ($)
item
ASSETS                      
Rental Properties $ 251,355,202 $ 264,609,887                  
Cash and Cash Equivalents 96,083,508 18,646,972                  
Rents Receivable 935,303 1,412,074                  
Real Estate Tax Escrows 861,697 534,941                  
Prepaid Expenses and Other Assets 6,183,981 5,054,959                  
Total Assets 356,875,579 291,669,602                  
LIABILITIES AND PARTNERS' CAPITAL                      
Mortgage Notes Payable 370,481,390 283,444,533                  
Accounts Payable and Accrued Expenses 4,324,879 3,888,237                  
Advance Rental Payments and Security Deposits 8,369,497 7,466,134                  
Total Liabilities 406,168,186 333,138,647                  
Partners' Capital (49,292,607) (41,469,045) $ (37,823,788) $ (35,624,010)              
Total Liabilities and Partners' Capital 356,875,579 291,669,602                  
Investment in Unconsolidated Joint Ventures 1,455,888 1,410,769                  
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture $ (22,992,420) $ (21,339,743)                  
NERA 50%                      
LIABILITIES AND PARTNERS' CAPITAL                      
Partners' Capital % - NERA 50.00% 50.00% 50.00%                
NERA 40%                      
LIABILITIES AND PARTNERS' CAPITAL                      
Partners' Capital % - NERA 40.00% 40.00% 40.00%                
Investment Properties                      
ASSETS                      
Rental Properties $ 111,783,510 $ 115,699,932 $ 120,639,006                
Cash and Cash Equivalents 3,391,632 3,582,550 3,241,512                
Rents Receivable 537,327 653,051 305,729                
Real Estate Tax Escrows 252,689 233,125 201,102                
Prepaid Expenses and Other Assets 2,789,752 2,094,682 2,242,597                
Total Assets 118,754,910 122,263,340 126,629,946                
LIABILITIES AND PARTNERS' CAPITAL                      
Mortgage Notes Payable 166,203,707 166,308,029 166,404,256                
Accounts Payable and Accrued Expenses 1,033,689 1,045,804 1,300,598                
Advance Rental Payments and Security Deposits 3,525,469 3,214,958 4,054,640                
Total Liabilities 170,762,865 170,568,791 171,759,494                
Partners' Capital (52,007,955) (48,305,451) (45,129,548)                
Total Liabilities and Partners' Capital 118,754,910 122,263,340 126,629,946                
Investment in Unconsolidated Joint Ventures 1,455,888 1,410,769 1,430,402                
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture (22,992,420) (21,339,743) (19,970,089)                
Total Investment in Unconsolidated Joint Ventures (Net) $ (21,536,532) $ (19,928,974) $ (18,539,687)                
Total units/ condominiums                      
Total | item 690 865 913                
Units to be retained | item 690 690 690                
Total number of units sold | item     175                
Investment Properties | Residential buildings                      
Total units/ condominiums                      
Total | item 687 862 910                
Investment Properties | Commercial                      
Total units/ condominiums                      
Total | item 3 3 3                
Hamilton Essex 81                      
ASSETS                      
Rental Properties $ 6,263,331 $ 6,649,177 $ 7,083,307                
Cash and Cash Equivalents 333,699 252,878 197,467                
Rents Receivable 232,521 28,181 217,779                
Real Estate Tax Escrows 76,651 71,203 66,410                
Prepaid Expenses and Other Assets 301,043 281,503 303,876                
Total Assets 7,207,245 7,282,942 7,868,839                
LIABILITIES AND PARTNERS' CAPITAL                      
Mortgage Notes Payable 9,948,291 9,934,502 9,920,713                
Accounts Payable and Accrued Expenses 68,265 68,741 81,718                
Advance Rental Payments and Security Deposits 180,497 208,851 321,205                
Total Liabilities 10,197,053 10,212,094 10,323,636                
Partners' Capital (2,989,808) (2,929,152) (2,454,797)                
Total Liabilities and Partners' Capital $ 7,207,245 $ 7,282,942 $ 7,868,839                
Partners' Capital % - NERA 50.00% 50.00% 50.00%                
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture $ (1,494,905) $ (1,464,576) $ (1,227,399)                
Total units/ condominiums                      
Total | item 49 49 49                
Units to be retained | item 49 49 49                
Hamilton Essex 81 | Residential buildings                      
Total units/ condominiums                      
Total | item 48 48 48                
Hamilton Essex 81 | Commercial                      
Total units/ condominiums                      
Total | item 1 1 1                
Hamilton Essex Development                      
ASSETS                      
Rental Properties $ 2,588,169 $ 2,590,659 $ 2,593,148                
Cash and Cash Equivalents 98,674 55,322 49,460                
Rents Receivable 68,828   33,072                
Prepaid Expenses and Other Assets 62,399 80,008 97,716                
Total Assets 2,818,070 2,725,989 2,773,396                
LIABILITIES AND PARTNERS' CAPITAL                      
Accounts Payable and Accrued Expenses 3,000 3,200 2,600                
Total Liabilities 3,000 3,200 2,600                
Partners' Capital 2,815,070 2,722,789 2,770,796                
Total Liabilities and Partners' Capital $ 2,818,070 $ 2,725,989 $ 2,773,396                
Partners' Capital % - NERA 50.00% 50.00% 50.00%                
Investment in Unconsolidated Joint Ventures $ 1,407,535 $ 1,361,395 $ 1,385,398                
Total units/ condominiums                      
Total | item 1 1 1                
Units to be retained | item 1 1 1                
Hamilton Essex Development | Commercial                      
Total units/ condominiums                      
Total | item 1 1 1                
345 Franklin                      
ASSETS                      
Rental Properties $ 5,062,602 $ 5,373,751 $ 5,678,703                
Cash and Cash Equivalents 155,627 156,073 223,691                
Rents Receivable 9,905 37,127                  
Real Estate Tax Escrows 29,999 19,874 19,985                
Prepaid Expenses and Other Assets 117,197 89,636 84,228                
Total Assets 5,375,330 5,676,461 6,006,607                
LIABILITIES AND PARTNERS' CAPITAL                      
Mortgage Notes Payable 8,892,331 9,099,301 9,298,174                
Accounts Payable and Accrued Expenses 52,392 87,731 77,908                
Advance Rental Payments and Security Deposits 228,803 227,908 325,682                
Total Liabilities 9,173,526 9,414,940 9,701,764                
Partners' Capital (3,798,196) (3,738,479) (3,695,157)                
Total Liabilities and Partners' Capital $ 5,375,330 $ 5,676,461 $ 6,006,607                
Partners' Capital % - NERA 50.00% 50.00% 50.00%               50.00%
Investment in Unconsolidated Joint Ventures                     $ 1,533,000
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture $ (1,899,098) $ (1,869,240) $ (1,847,579)                
Total units/ condominiums                      
Total | item 40 40 40               40
Units to be retained | item 40 40 40                
345 Franklin | Residential buildings                      
Total units/ condominiums                      
Total | item 40 40 40                
Hamilton 1025                      
ASSETS                      
Rental Properties $ 81,555 $ 84,819 $ 88,083                
Cash and Cash Equivalents 11,845 13,443 8,186                
Rents Receivable 6,111 3,005                  
Prepaid Expenses and Other Assets 446 407 1,567                
Total Assets 99,957 101,674 97,836                
LIABILITIES AND PARTNERS' CAPITAL                      
Accounts Payable and Accrued Expenses 3,251 2,924 7,828                
Total Liabilities 3,251 2,924 7,828                
Partners' Capital 96,706 98,750 90,008                
Total Liabilities and Partners' Capital $ 99,957 $ 101,674 $ 97,836                
Partners' Capital % - NERA 50.00% 50.00% 50.00%         50.00%      
Investment in Unconsolidated Joint Ventures $ 48,353 $ 49,375 $ 45,004         $ 2,352,000      
Total units/ condominiums                      
Total | item 176 176 176         176      
Units to be retained | item 1 1 1         (49)      
Total number of units sold | item   0 175                
Hamilton 1025 | Residential buildings                      
Total units/ condominiums                      
Total | item 175 175 175                
Hamilton 1025 | Commercial                      
Total units/ condominiums                      
Total | item 1 1 1                
Hamilton Bay Apts                      
LIABILITIES AND PARTNERS' CAPITAL                      
Partners' Capital % - NERA             50.00%        
Investment in Unconsolidated Joint Ventures             $ 2,500,000        
Total units/ condominiums                      
Total | item             168        
Units to be retained | item             (48)        
Hamilton Minuteman                      
ASSETS                      
Rental Properties $ 4,697,616 $ 4,998,436 $ 5,323,570                
Cash and Cash Equivalents 156,058 159,599 95,965                
Rents Receivable 6,999 3,816 221                
Real Estate Tax Escrows 36,451 35,849 29,110                
Prepaid Expenses and Other Assets 24,009 23,198 23,831                
Total Assets 4,921,133 5,220,898 5,472,697                
LIABILITIES AND PARTNERS' CAPITAL                      
Mortgage Notes Payable 5,920,552 5,912,368 5,904,185                
Accounts Payable and Accrued Expenses 48,145 50,514 47,740                
Advance Rental Payments and Security Deposits 159,324 137,792 151,180                
Total Liabilities 6,128,021 6,100,674 6,103,105                
Partners' Capital (1,206,888) (879,776) (630,408)                
Total Liabilities and Partners' Capital $ 4,921,133 $ 5,220,898 $ 5,472,697                
Partners' Capital % - NERA 50.00% 50.00% 50.00%           50.00%    
Investment in Unconsolidated Joint Ventures                 $ 5,075,000    
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture $ (603,445) $ (439,888) $ (315,204)                
Total units/ condominiums                      
Total | item 42 42 42           42    
Units to be retained | item 42 42 42                
Hamilton Minuteman | Residential buildings                      
Total units/ condominiums                      
Total | item 42 42 42                
Hamilton on Main Apts                      
ASSETS                      
Rental Properties $ 14,334,539 $ 15,239,672 $ 15,891,917                
Cash and Cash Equivalents 565,171 520,150 480,899                
Rents Receivable 37,750 65,511 11,284                
Real Estate Tax Escrows 109,588 106,199 85,597                
Prepaid Expenses and Other Assets 181,941 148,796 158,714                
Total Assets 15,228,989 16,080,328 16,628,411                
LIABILITIES AND PARTNERS' CAPITAL                      
Mortgage Notes Payable 16,857,197 16,841,145 16,825,094                
Accounts Payable and Accrued Expenses 188,012 156,923 282,855                
Advance Rental Payments and Security Deposits 434,126 424,314 479,585                
Total Liabilities 17,479,335 17,422,382 17,587,534                
Partners' Capital (2,250,346) (1,342,054) (959,123)                
Total Liabilities and Partners' Capital $ 15,228,989 $ 16,080,328 $ 16,628,411                
Partners' Capital % - NERA 50.00% 50.00% 50.00%             50.00%  
Investment in Unconsolidated Joint Ventures                   $ 8,000,000  
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture $ (1,125,174) $ (671,027) $ (479,562)                
Total units/ condominiums                      
Total | item 148 148 148             280  
Units to be retained | item 148 148 148                
Hamilton on Main Apts | Residential buildings                      
Total units/ condominiums                      
Total | item 148 148 148                
Dexter Park                      
ASSETS                      
Rental Properties $ 78,755,698 $ 80,763,418 $ 83,980,278                
Cash and Cash Equivalents 2,070,558 2,425,085 2,185,844                
Rents Receivable 175,213 515,411 43,373                
Prepaid Expenses and Other Assets 2,102,717 1,471,134 1,572,665                
Total Assets 83,104,186 85,175,048 87,782,160                
LIABILITIES AND PARTNERS' CAPITAL                      
Mortgage Notes Payable 124,585,336 124,520,713 124,456,090   $ 82,000,000            
Accounts Payable and Accrued Expenses 670,624 675,771 799,949                
Advance Rental Payments and Security Deposits 2,522,719 2,216,093 2,776,988                
Total Liabilities 127,778,679 127,412,577 128,033,027                
Partners' Capital (44,674,493) (42,237,529) (40,250,867)                
Total Liabilities and Partners' Capital $ 83,104,186 $ 85,175,048 $ 87,782,160                
Partners' Capital % - NERA 40.00% 40.00% 40.00%     40.00%          
Investment in Unconsolidated Joint Ventures           $ 15,925,000          
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture $ (17,869,798) $ (16,895,012) $ (16,100,347)                
Total units/ condominiums                      
Total | item 409 409 409                
Units to be retained | item 409 409 409                
Dexter Park | Residential buildings                      
Total units/ condominiums                      
Total | item 409 409 409     409