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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Balance Sheet) (Details)
Jun. 30, 2024
USD ($)
property
Dec. 31, 2023
USD ($)
Jun. 30, 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 $ 271,071,285 $ 269,804,946            
Cash & Cash Equivalents 13,463,294 18,230,463            
Rent Receivable 1,028,438 953,761            
Real Estate Tax Escrows 2,385,456 2,229,703            
Prepaid Expenses & Other Assets 9,549,493 8,369,775            
Total Assets 383,700,368 385,730,690            
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 407,457,271 408,660,292            
Accounts Payable & Accrued Expense 5,394,443 5,720,088            
Advance Rental Pmts & Security Deposits 10,396,651 9,996,887            
Total Liabilities 450,688,131 451,085,074            
Partners' Capital (66,987,763) (65,354,384) $ (64,306,033) $ (59,869,357)        
Total Liabilities and Partners' Capital 383,700,368 385,730,690            
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures (27,439,766) $ (26,707,807)            
Investment Properties                
ASSETS                
Rental Properties 101,051,070   104,760,781          
Cash & Cash Equivalents 3,878,642   4,400,626          
Rent Receivable 446,111   448,456          
Real Estate Tax Escrows 334,200   274,066          
Prepaid Expenses & Other Assets 4,351,960   3,409,066          
Total Assets 110,061,983   113,292,995          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 165,905,350   166,031,339          
Accounts Payable & Accrued Expense 1,195,814   1,381,218          
Advance Rental Pmts & Security Deposits 5,519,946   4,859,356          
Total Liabilities 172,621,110   172,271,913          
Partners' Capital (62,559,127)   (58,978,918)          
Total Liabilities and Partners' Capital 110,061,983   113,292,995          
Investment in Unconsolidated Joint Ventures 1,413,318   1,435,154          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures (27,439,766)   (25,963,031)          
Total Investment in Unconsolidated Joint Ventures (Net) $ (26,026,448)   $ (24,527,877)          
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 $ 5,246,865   $ 5,614,141          
Cash & Cash Equivalents 1,141,309   997,622          
Rent Receivable 197,191   211,562          
Real Estate Tax Escrows 81,453   67,281          
Prepaid Expenses & Other Assets 351,532   326,548          
Total Assets 7,018,350   7,217,154          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 9,982,764   9,968,975          
Accounts Payable & Accrued Expense 136,741   165,149          
Advance Rental Pmts & Security Deposits 374,170   309,790          
Total Liabilities 10,493,675   10,443,914          
Partners' Capital (3,475,325)   (3,226,760)          
Total Liabilities and Partners' Capital $ 7,018,350   $ 7,217,154          
Partners' Capital %-NERA 50.00%   50.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (1,737,662)   $ (1,613,380)          
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 LLC [Member]                
ASSETS                
Rental Properties $ 2,581,946   $ 2,584,435          
Cash & Cash Equivalents 38,045   60,182          
Rent Receivable 75,733   80,184          
Prepaid Expenses & Other Assets 41,042   50,175          
Total Assets 2,736,766   2,774,976          
LIABILITIES AND PARTNERS' CAPITAL                
Accounts Payable & Accrued Expense 2,000   1,500          
Total Liabilities 2,000   1,500          
Partners' Capital 2,734,766   2,773,476          
Total Liabilities and Partners' Capital $ 2,736,766   $ 2,774,976          
Partners' Capital %-NERA 50.00%   50.00%          
Investment in Unconsolidated Joint Ventures $ 1,367,383   $ 1,386,738          
Total units/ condominiums                
Total | property 1   1          
Hamilton Essex Development LLC [Member] | Commercial                
Total units/ condominiums                
Total | property 1   1          
Franklin 345 LLC [Member]                
ASSETS                
Rental Properties $ 4,308,810   $ 4,650,472          
Cash & Cash Equivalents 160,348   374,750          
Rent Receivable 1,293              
Real Estate Tax Escrows 31,596   23,412          
Prepaid Expenses & Other Assets 110,132   104,393          
Total Assets 4,612,179   5,153,027          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 8,337,358   8,565,993          
Accounts Payable & Accrued Expense 70,945   124,185          
Advance Rental Pmts & Security Deposits 307,229   335,465          
Total Liabilities 8,715,532   9,025,643          
Partners' Capital (4,103,353)   (3,872,616)          
Total Liabilities and Partners' Capital $ 4,612,179   $ 5,153,027          
Partners' Capital %-NERA 50.00%   50.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (2,051,676)   $ (1,936,308)          
Total units/ condominiums                
Total | property 40   40          
Franklin 345 LLC [Member] | Residential buildings                
Total units/ condominiums                
Total | property 40   40          
Hamilton 1025                
ASSETS                
Rental Properties $ 73,395   $ 76,659          
Cash & Cash Equivalents 17,673   16,853          
Rent Receivable 3,309   4,931          
Prepaid Expenses & Other Assets 1,038   1,049          
Total Assets 95,415   99,492          
LIABILITIES AND PARTNERS' CAPITAL                
Accounts Payable & Accrued Expense 3,545   2,660          
Total Liabilities 3,545   2,660          
Partners' Capital 91,870   96,832          
Total Liabilities and Partners' Capital $ 95,415   $ 99,492          
Partners' Capital %-NERA 50.00%   50.00%          
Investment in Unconsolidated Joint Ventures $ 45,935   $ 48,416          
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 $ 4,054,581   $ 4,324,746          
Cash & Cash Equivalents 123,723   251,310          
Rent Receivable 2,211   2,589          
Real Estate Tax Escrows 29,661   43,542          
Prepaid Expenses & Other Assets 71,628   42,306          
Total Assets 4,281,804   4,664,493          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 5,941,010   5,932,827          
Accounts Payable & Accrued Expense 68,813   74,550          
Advance Rental Pmts & Security Deposits 176,456   192,370          
Total Liabilities 6,186,279   6,199,747          
Partners' Capital (1,904,475)   (1,535,254)          
Total Liabilities and Partners' Capital $ 4,281,804   $ 4,664,493          
Partners' Capital %-NERA 50.00%   50.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (952,238)   $ (767,627)          
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 $ 12,884,525   $ 12,985,301          
Cash & Cash Equivalents 795,809   611,236          
Rent Receivable 19,042   9,044          
Real Estate Tax Escrows 191,490   139,831          
Prepaid Expenses & Other Assets 363,109   248,929          
Total Assets 14,253,975   13,994,341          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 16,897,325   16,881,274          
Accounts Payable & Accrued Expense 190,892   196,773          
Advance Rental Pmts & Security Deposits 537,218   515,070          
Total Liabilities 17,625,435   17,593,117          
Partners' Capital (3,371,460)   (3,598,776)          
Total Liabilities and Partners' Capital $ 14,253,975   $ 13,994,341          
Partners' Capital %-NERA 50.00%   50.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (1,685,730)   $ (1,799,388)          
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 $ 71,900,948   $ 74,525,027          
Cash & Cash Equivalents 1,601,735   2,088,673          
Rent Receivable 147,332   140,146          
Prepaid Expenses & Other Assets 3,413,479   2,635,666          
Total Assets 77,063,494   79,389,512          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 124,746,893   124,682,270   $ 82,000,000      
Accounts Payable & Accrued Expense 722,878   816,401          
Advance Rental Pmts & Security Deposits 4,124,873   3,506,661          
Total Liabilities 129,594,644   129,005,332          
Partners' Capital (52,531,150)   (49,615,820)          
Total Liabilities and Partners' Capital $ 77,063,494   $ 79,389,512          
Partners' Capital %-NERA 40.00%   40.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (21,012,460)   $ (19,846,328)          
Total units/ condominiums                
Total 409   409     409    
Dexter Park | Residential buildings                
Total units/ condominiums                
Total | property 409   409