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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Balance Sheet) (Details)
Sep. 30, 2024
USD ($)
property
Dec. 31, 2023
USD ($)
Sep. 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 $ 272,850,065 $ 269,804,946            
Cash & Cash Equivalents 15,069,693 18,230,463            
Rent Receivable 954,442 953,761            
Real Estate Tax Escrows 2,501,806 2,229,703            
Prepaid Expenses & Other Assets 8,424,809 8,369,775            
Total Assets 387,356,540 385,730,690            
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 406,846,877 408,660,292            
Accounts Payable & Accrued Expense 6,397,947 5,720,088            
Advance Rental Pmts & Security Deposits 9,820,867 9,996,887            
Total Liabilities 452,817,146 451,085,074            
Partners' Capital (65,460,606) (65,354,384) $ (64,652,184) $ (59,869,357)        
Total Liabilities and Partners' Capital 387,356,540 385,730,690            
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures (29,751,455) $ (26,707,807)            
Investment Properties                
ASSETS                
Rental Properties 101,018,798   103,534,879          
Cash & Cash Equivalents 6,009,039   4,147,272          
Rent Receivable 354,741   423,831          
Real Estate Tax Escrows 179,598   316,860          
Prepaid Expenses & Other Assets 3,495,190   3,263,319          
Total Assets 111,057,366   111,686,161          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 172,319,151   166,000,690          
Accounts Payable & Accrued Expense 1,492,507   1,376,094          
Advance Rental Pmts & Security Deposits 4,499,433   4,283,555          
Total Liabilities 178,311,091   171,660,339          
Partners' Capital (67,253,725)   (59,974,178)          
Total Liabilities and Partners' Capital 111,057,366   111,686,161          
Investment in Unconsolidated Joint Ventures 1,421,651   1,438,255          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures (29,751,455)   (26,377,405)          
Total Investment in Unconsolidated Joint Ventures (Net) $ (28,329,804)   $ (24,939,150)          
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 $ 5,156,533   $ 5,517,486          
Cash & Cash Equivalents 1,325,418   1,044,888          
Rent Receivable 189,026   197,549          
Real Estate Tax Escrows 78,201   70,897          
Prepaid Expenses & Other Assets 335,724   331,025          
Total Assets 7,084,902   7,161,845          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 9,986,211   9,972,422          
Accounts Payable & Accrued Expense 330,733   162,273          
Advance Rental Pmts & Security Deposits 366,000   354,788          
Total Liabilities 10,682,944   10,489,483          
Partners' Capital (3,598,042)   (3,327,638)          
Total Liabilities and Partners' Capital $ 7,084,902   $ 7,161,845          
Partners' Capital %-NERA 50.00%   50.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (1,799,020)   $ (1,663,819)          
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 $ 2,581,323   $ 2,583,813          
Cash & Cash Equivalents 62,274   73,383          
Rent Receivable 74,223   80,264          
Prepaid Expenses & Other Assets 38,022   47,178          
Total Assets 2,755,842   2,784,638          
LIABILITIES AND PARTNERS' CAPITAL                
Accounts Payable & Accrued Expense 3,000   2,250          
Total Liabilities 3,000   2,250          
Partners' Capital 2,752,842   2,782,388          
Total Liabilities and Partners' Capital $ 2,755,842   $ 2,784,638          
Partners' Capital %-NERA 50.00%   50.00%          
Investment in Unconsolidated Joint Ventures $ 1,376,421   $ 1,391,194          
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 $ 4,234,113   $ 4,567,358          
Cash & Cash Equivalents 103,930   112,129          
Rent Receivable 2,057   3,272          
Real Estate Tax Escrows 71,866   66,029          
Prepaid Expenses & Other Assets 100,024   94,692          
Total Assets 4,511,990   4,843,480          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 8,278,765   8,509,683          
Accounts Payable & Accrued Expense 126,680   111,162          
Advance Rental Pmts & Security Deposits 262,862   277,672          
Total Liabilities 8,668,307   8,898,517          
Partners' Capital (4,156,317)   (4,055,037)          
Total Liabilities and Partners' Capital $ 4,511,990   $ 4,843,480          
Partners' Capital %-NERA 50.00%   50.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (2,078,158)   $ (2,027,519)          
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 $ 72,579   $ 75,843          
Cash & Cash Equivalents 17,234   16,328          
Rent Receivable 2,482   4,526          
Prepaid Expenses & Other Assets 769   777          
Total Assets 93,064   97,474          
LIABILITIES AND PARTNERS' CAPITAL                
Accounts Payable & Accrued Expense 2,604   2,739          
Advance Rental Pmts & Security Deposits     612          
Total Liabilities 2,604   3,351          
Partners' Capital 90,460   94,123          
Total Liabilities and Partners' Capital $ 93,064   $ 97,474          
Partners' Capital %-NERA 50.00%   50.00%          
Investment in Unconsolidated Joint Ventures $ 45,230   $ 47,061          
Total units/ condominiums                
Total 1   1         176
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 $ 3,977,260   $ 4,261,249          
Cash & Cash Equivalents 81,885   404,742          
Rent Receivable 7,656   1,890          
Real Estate Tax Escrows 29,531   40,477          
Prepaid Expenses & Other Assets 67,481   54,728          
Total Assets 4,163,813   4,763,086          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 5,943,056   5,934,873          
Accounts Payable & Accrued Expense 62,619   103,267          
Advance Rental Pmts & Security Deposits 165,213   183,421          
Total Liabilities 6,170,888   6,221,561          
Partners' Capital (2,007,075)   (1,458,475)          
Total Liabilities and Partners' Capital $ 4,163,813   $ 4,763,086          
Partners' Capital %-NERA 50.00%   50.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (1,003,538)   $ (729,238)          
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 $ 13,619,389   $ 12,742,373          
Cash & Cash Equivalents 2,796,390   902,251          
Rent Receivable 36,654   22,244          
Real Estate Tax Escrows     139,457          
Prepaid Expenses & Other Assets 280,877   233,231          
Total Assets 16,733,310   14,039,556          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 23,348,070   16,885,286          
Accounts Payable & Accrued Expense 257,732   192,429          
Advance Rental Pmts & Security Deposits 492,520   492,006          
Total Liabilities 24,098,322   17,569,721          
Partners' Capital (7,365,012)   (3,530,165)          
Total Liabilities and Partners' Capital $ 16,733,310   $ 14,039,556          
Partners' Capital %-NERA 50.00%   50.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (3,682,506)   $ (1,765,082)          
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 $ 71,377,601   $ 73,786,757          
Cash & Cash Equivalents 1,621,908   1,593,551          
Rent Receivable 42,643   114,086          
Prepaid Expenses & Other Assets 2,672,293   2,501,688          
Total Assets 75,714,445   77,996,082          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 124,763,049   124,698,426   $ 82,000,000      
Accounts Payable & Accrued Expense 709,139   801,974          
Advance Rental Pmts & Security Deposits 3,212,838   2,975,056          
Total Liabilities 128,685,026   128,475,456          
Partners' Capital (52,970,581)   (50,479,374)          
Total Liabilities and Partners' Capital $ 75,714,445   $ 77,996,082          
Partners' Capital %-NERA 40.00%   40.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (21,188,233)   $ (20,191,749)          
Total units/ condominiums                
Total 409   409     409    
Dexter Park | Residential buildings                
Total units/ condominiums                
Total | property 409   409