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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Balance Sheet) (Details)
Mar. 31, 2024
USD ($)
property
Dec. 31, 2023
USD ($)
Mar. 31, 2023
USD ($)
property
Dec. 31, 2022
USD ($)
May 31, 2018
USD ($)
Oct. 28, 2009
item
Mar. 07, 2005
item
Mar. 02, 2005
item
ASSETS                
Rental Properties $ 270,256,700 $ 269,804,946            
Cash & Cash Equivalents 28,801,744 18,230,463            
Rent Receivable 865,990 953,761            
Real Estate Tax Escrows 2,332,010 2,229,703            
Prepaid Expenses & Other Assets 8,073,622 8,369,775            
Total Assets 381,191,994 385,730,690            
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 408,060,293 408,660,292            
Accounts Payable & Accrued Expense 5,416,975 5,720,088            
Advance Rental Pmts & Security Deposits 9,936,175 9,996,887            
Total Liabilities 450,233,094 451,085,074            
Partners' Capital (69,041,100) (65,354,384) $ (64,929,774) $ (59,869,357)        
Total Liabilities and Partners' Capital 381,191,994 385,730,690            
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures (26,819,651) $ (26,707,807)            
Investment Properties                
ASSETS                
Rental Properties 101,618,965   106,016,382          
Cash & Cash Equivalents 5,474,638   7,153,454          
Rent Receivable 394,572   386,060          
Real Estate Tax Escrows 348,766   307,517          
Prepaid Expenses & Other Assets 3,144,925   2,942,597          
Total Assets 110,981,866   116,806,010          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 165,937,703   166,061,429          
Accounts Payable & Accrued Expense 1,487,645   3,758,728          
Advance Rental Pmts & Security Deposits 4,602,710   4,275,882          
Total Liabilities 172,028,058   174,096,039          
Partners' Capital (61,046,192)   (57,290,029)          
Total Liabilities and Partners' Capital 110,981,866   116,806,010          
Investment in Unconsolidated Joint Ventures 1,416,930   1,436,252          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures (26,819,651)   (25,244,289)          
Total Investment in Unconsolidated Joint Ventures (Net) $ (25,402,721)   $ (23,808,037)          
Total units/ condominiums                
Total | property 690   690          
Investment Properties | Residential buildings                
Total units/ condominiums                
Total | property 687   687          
Investment Properties | Commercial                
Total units/ condominiums                
Total | property 3   3          
Hamilton Essex 81                
ASSETS                
Rental Properties $ 5,314,109   $ 5,721,864          
Cash & Cash Equivalents 1,226,034   1,032,885          
Rent Receivable 170,515   209,427          
Real Estate Tax Escrows 81,278   70,066          
Prepaid Expenses & Other Assets 315,092   301,295          
Total Assets 7,107,028   7,335,537          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 9,979,316   9,965,527          
Accounts Payable & Accrued Expense 132,826   141,973          
Advance Rental Pmts & Security Deposits 348,654   335,457          
Total Liabilities 10,460,796   10,442,957          
Partners' Capital (3,353,768)   (3,107,420)          
Total Liabilities and Partners' Capital $ 7,107,028   $ 7,335,537          
Partners' Capital %-NERA 50.00%   50.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (1,676,884)   $ (1,553,710)          
Total units/ condominiums                
Total 49   49       48  
Hamilton Essex 81 | Residential buildings                
Total units/ condominiums                
Total | property 48   48          
Hamilton Essex 81 | Commercial                
Total units/ condominiums                
Total | property 1   1          
Hamilton Essex Development                
ASSETS                
Rental Properties $ 2,582,568   $ 2,585,058          
Cash & Cash Equivalents 58,242   132,374          
Rent Receivable 77,243   79,310          
Real Estate Tax Escrows 0              
Prepaid Expenses & Other Assets 41,185   50,371          
Total Assets 2,759,238   2,847,113          
LIABILITIES AND PARTNERS' CAPITAL                
Accounts Payable & Accrued Expense 1,521   43,750          
Advance Rental Pmts & Security Deposits 20,660   19,866          
Total Liabilities 22,181   63,616          
Partners' Capital 2,737,057   2,783,497          
Total Liabilities and Partners' Capital $ 2,759,238   $ 2,847,113          
Partners' Capital %-NERA 50.00%   50.00%          
Investment in Unconsolidated Joint Ventures $ 1,368,529   $ 1,391,750          
Total units/ condominiums                
Total | property 1   1          
Hamilton Essex Development | Commercial                
Total units/ condominiums                
Total | property 1   1          
345 Franklin                
ASSETS                
Rental Properties $ 4,395,208   $ 4,727,451          
Cash & Cash Equivalents 118,521   553,282          
Rent Receivable 537              
Real Estate Tax Escrows 69,765   62,888          
Prepaid Expenses & Other Assets 74,126   70,323          
Total Assets 4,658,157   5,413,944          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 8,395,372   8,621,745          
Accounts Payable & Accrued Expense 112,431   337,102          
Advance Rental Pmts & Security Deposits 275,597   283,654          
Total Liabilities 8,783,400   9,242,501          
Partners' Capital (4,125,243)   (3,828,557)          
Total Liabilities and Partners' Capital $ 4,658,157   $ 5,413,944          
Partners' Capital %-NERA 50.00%   50.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (2,062,622)   $ (1,914,279)          
Total units/ condominiums                
Total | property 40   40          
345 Franklin | Residential buildings                
Total units/ condominiums                
Total | property 40   40          
Hamilton 1025                
ASSETS                
Rental Properties $ 74,211   $ 77,475          
Cash & Cash Equivalents 19,844   28,558          
Rent Receivable 3,715   4,923          
Prepaid Expenses & Other Assets 233   229          
Total Assets 98,003   111,185          
LIABILITIES AND PARTNERS' CAPITAL                
Accounts Payable & Accrued Expense 1,201   22,181          
Total Liabilities 1,201   22,181          
Partners' Capital 96,802   89,004          
Total Liabilities and Partners' Capital $ 98,003   $ 111,185          
Partners' Capital %-NERA 50.00%   50.00%          
Investment in Unconsolidated Joint Ventures $ 48,401   $ 44,502          
Total units/ condominiums                
Total 1   1         176
Units to be retained | item               (49)
Hamilton 1025 | Residential buildings                
Total units/ condominiums                
Total | property     0          
Hamilton 1025 | Commercial                
Total units/ condominiums                
Total | property 1   1          
Hamilton Minuteman                
ASSETS                
Rental Properties $ 4,118,836   $ 4,402,156          
Cash & Cash Equivalents 267,322   377,286          
Rent Receivable 254              
Real Estate Tax Escrows 29,481   39,192          
Prepaid Expenses & Other Assets 42,429   22,867          
Total Assets 4,458,322   4,841,501          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 5,938,965   5,930,781          
Accounts Payable & Accrued Expense 67,581   266,363          
Advance Rental Pmts & Security Deposits 174,690   178,024          
Total Liabilities 6,181,236   6,375,168          
Partners' Capital (1,722,914)   (1,533,667)          
Total Liabilities and Partners' Capital $ 4,458,322   $ 4,841,501          
Partners' Capital %-NERA 50.00%   50.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (861,457)   $ (766,834)          
Total units/ condominiums                
Total | property 42   42          
Hamilton Minuteman | Residential buildings                
Total units/ condominiums                
Total | property 42   42          
Hamilton on Main Apts                
ASSETS                
Rental Properties $ 12,594,324   $ 13,223,620          
Cash & Cash Equivalents 1,218,033   1,201,715          
Rent Receivable 20,744   21,329          
Real Estate Tax Escrows 168,242   135,371          
Prepaid Expenses & Other Assets 222,756   213,731          
Total Assets 14,224,099   14,795,766          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 16,893,312   16,877,261          
Accounts Payable & Accrued Expense 331,127   785,701          
Advance Rental Pmts & Security Deposits 474,036   455,924          
Total Liabilities 17,698,475   18,118,886          
Partners' Capital (3,474,376)   (3,323,120)          
Total Liabilities and Partners' Capital $ 14,224,099   $ 14,795,766          
Partners' Capital %-NERA 50.00%   50.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (1,737,188)   $ (1,661,560)          
Total units/ condominiums                
Total | property 148   148          
Hamilton on Main Apts | Residential buildings                
Total units/ condominiums                
Total | property 148   148          
Dexter Park                
ASSETS                
Rental Properties $ 72,539,709   $ 75,278,758          
Cash & Cash Equivalents 2,566,642   3,827,354          
Rent Receivable 121,564   71,071          
Prepaid Expenses & Other Assets 2,449,104   2,283,781          
Total Assets 77,677,019   81,460,964          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 124,730,738   124,666,115   $ 82,000,000      
Accounts Payable & Accrued Expense 840,958   2,161,658          
Advance Rental Pmts & Security Deposits 3,309,073   3,002,957          
Total Liabilities 128,880,769   129,830,730          
Partners' Capital (51,203,750)   (48,369,766)          
Total Liabilities and Partners' Capital $ 77,677,019   $ 81,460,964          
Partners' Capital %-NERA 40.00%   40.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (20,481,500)   $ (19,347,906)          
Total units/ condominiums                
Total 409   409     409    
Dexter Park | Residential buildings                
Total units/ condominiums                
Total | property 409   409