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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Balance Sheet) (Details)
Mar. 31, 2025
USD ($)
property
Dec. 31, 2024
USD ($)
Mar. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
May 31, 2018
USD ($)
Oct. 28, 2009
item
Mar. 07, 2005
item
Mar. 02, 2005
item
ASSETS                
Rental Properties $ 282,997,706 $ 278,516,649            
Cash & Cash Equivalents 30,863,737 17,615,940            
Rent Receivable 1,094,839 1,220,761            
Real Estate Tax Escrow 2,531,833 2,598,073            
Prepaid Expenses & Other Assets 8,284,247 8,553,360            
Total Assets 385,217,652 393,508,658            
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 405,484,379 406,205,910            
Accounts Payable & Accrued Expense 10,257,587 9,004,962            
Advance Rental Pmts & Security Deposits 10,206,881 10,199,807            
Total Liabilities 456,595,436 455,942,560            
Partners' Capital (71,377,784) (62,433,902) $ (69,041,100) $ (65,354,385)        
Total Liabilities and Partners' Capital 385,217,652 393,508,658            
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures (30,646,589) $ (30,531,881)            
Investment Properties                
ASSETS                
Rental Properties 99,009,808   101,618,965          
Cash & Cash Equivalents 7,179,514   5,474,638          
Rent Receivable 447,087   394,572          
Real Estate Tax Escrow 172,803   348,766          
Prepaid Expenses & Other Assets 3,269,659   3,144,925          
Total Assets 110,078,871   110,981,866          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 172,254,789   165,937,703          
Accounts Payable & Accrued Expense 1,832,638   1,487,645          
Advance Rental Pmts & Security Deposits 4,873,333   4,602,710          
Total Liabilities 178,960,761   172,028,058          
Partners' Capital (68,881,890)   (61,046,192)          
Total Liabilities and Partners' Capital 110,078,871   110,981,866          
Investment in Unconsolidated Joint Ventures 1,412,305   1,416,930          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures (30,646,583)   (26,819,651)          
Total Investment in Unconsolidated Joint Ventures (Net) $ (29,234,278)   $ (25,402,721)          
Total units/ condominiums                
Total 690   690          
Investment Properties | Apartments                
Total units/ condominiums                
Total 687   687          
Investment Properties | Commercial                
Total units/ condominiums                
Total 3   3          
Hamilton Essex 81                
ASSETS                
Rental Properties $ 4,900,308   $ 5,314,109          
Cash & Cash Equivalents 1,585,575   1,226,034          
Rent Receivable 199,976   170,515          
Real Estate Tax Escrow 69,677   81,278          
Prepaid Expenses & Other Assets 303,441   315,092          
Total Assets 7,058,977   7,107,028          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 9,992,244   9,979,316          
Accounts Payable & Accrued Expense 318,276   132,826          
Advance Rental Pmts & Security Deposits 384,491   348,654          
Total Liabilities 10,695,011   10,460,796          
Partners' Capital (3,636,034)   (3,353,768)          
Total Liabilities and Partners' Capital $ 7,058,977   $ 7,107,028          
Partners' Capital %-NERA 50.00%   50.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (1,818,017)   $ (1,676,884)          
Total units/ condominiums                
Total 49   49       48  
Hamilton Essex 81 | Apartments                
Total units/ condominiums                
Total 48   48          
Hamilton Essex 81 | Commercial                
Total units/ condominiums                
Total 1   1          
Hamilton Essex Development                
ASSETS                
Rental Properties $ 2,580,079   $ 2,582,568          
Cash & Cash Equivalents 62,606   58,242          
Rent Receivable 68,310   77,243          
Prepaid Expenses & Other Assets 31,995   41,185          
Total Assets 2,742,990   2,759,238          
LIABILITIES AND PARTNERS' CAPITAL                
Accounts Payable & Accrued Expense 5,000   1,521          
Advance Rental Pmts & Security Deposits     20,660          
Total Liabilities 5,000   22,181          
Partners' Capital 2,737,990   2,737,057          
Total Liabilities and Partners' Capital $ 2,742,990   $ 2,759,238          
Partners' Capital %-NERA 50.00%   50.00%          
Investment in Unconsolidated Joint Ventures $ 1,368,995   $ 1,368,530          
Total units/ condominiums                
Total 1   1          
Hamilton Essex Development | Commercial                
Total units/ condominiums                
Total 1   1          
345 Franklin                
ASSETS                
Rental Properties $ 4,083,706   $ 4,395,208          
Cash & Cash Equivalents 196,009   118,521          
Rent Receivable 9,440   537          
Real Estate Tax Escrow 77,702   69,765          
Prepaid Expenses & Other Assets 68,612   74,126          
Total Assets 4,435,469   4,658,157          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 8,159,819   8,395,372          
Accounts Payable & Accrued Expense 111,283   112,431          
Advance Rental Pmts & Security Deposits 287,487   275,597          
Total Liabilities 8,558,589   8,783,400          
Partners' Capital (4,123,120)   (4,125,243)          
Total Liabilities and Partners' Capital $ 4,435,469   $ 4,658,157          
Partners' Capital %-NERA 50.00%   50.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (2,061,560)   $ (2,062,622)          
Total units/ condominiums                
Total 40   40          
345 Franklin | Apartments                
Total units/ condominiums                
Total 40   40          
Hamilton 1025                
ASSETS                
Rental Properties $ 70,947   $ 74,211          
Cash & Cash Equivalents 18,541   19,844          
Rent Receivable 827   3,715          
Prepaid Expenses & Other Assets 241   233          
Total Assets 90,556   98,003          
LIABILITIES AND PARTNERS' CAPITAL                
Accounts Payable & Accrued Expense 3,936   1,201          
Total Liabilities 3,936   1,201          
Partners' Capital 86,620   96,802          
Total Liabilities and Partners' Capital $ 90,556   $ 98,003          
Partners' Capital %-NERA 50.00%   50.00%          
Investment in Unconsolidated Joint Ventures $ 43,310   $ 48,401          
Total units/ condominiums                
Total 1   1         176
Units to be retained | item               49
Hamilton 1025 | Apartments                
Total units/ condominiums                
Total     0          
Hamilton 1025 | Commercial                
Total units/ condominiums                
Total 1   1          
Hamilton Minuteman Apts                
ASSETS                
Rental Properties $ 3,914,792   $ 4,118,836          
Cash & Cash Equivalents 316,267   267,322          
Rent Receivable 11,821   254          
Real Estate Tax Escrow 25,424   29,481          
Prepaid Expenses & Other Assets 54,374   42,429          
Total Assets 4,322,678   4,458,322          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 5,947,148   5,938,965          
Accounts Payable & Accrued Expense 71,714   67,581          
Advance Rental Pmts & Security Deposits 176,548   174,690          
Total Liabilities 6,195,410   6,181,236          
Partners' Capital (1,872,732)   (1,722,914)          
Total Liabilities and Partners' Capital $ 4,322,678   $ 4,458,322          
Partners' Capital %-NERA 50.00%   50.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (936,366)   $ (861,457)          
Total units/ condominiums                
Total 42   42          
Hamilton Minuteman Apts | Apartments                
Total units/ condominiums                
Total 42   42          
Hamilton on Main Apts                
ASSETS                
Rental Properties $ 13,438,355   $ 12,594,324          
Cash & Cash Equivalents 437,638   1,218,033          
Rent Receivable 47,523   20,744          
Real Estate Tax Escrow     168,242          
Prepaid Expenses & Other Assets 283,795   222,756          
Total Assets 14,207,311   14,224,099          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 23,360,218   16,893,312          
Accounts Payable & Accrued Expense 380,622   331,127          
Advance Rental Pmts & Security Deposits 474,411   474,036          
Total Liabilities 24,215,251   17,698,475          
Partners' Capital (10,007,940)   (3,474,376)          
Total Liabilities and Partners' Capital $ 14,207,311   $ 14,224,099          
Partners' Capital %-NERA 50.00%   50.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (5,003,970)   $ (1,737,188)          
Total units/ condominiums                
Total 148   148          
Hamilton on Main Apts | Apartments                
Total units/ condominiums                
Total 148   148          
Dexter Park                
ASSETS                
Rental Properties $ 70,021,621   $ 72,539,709          
Cash & Cash Equivalents 4,562,878   2,566,642          
Rent Receivable 109,190   121,564          
Prepaid Expenses & Other Assets 2,527,201   2,449,104          
Total Assets 77,220,890   77,677,019          
LIABILITIES AND PARTNERS' CAPITAL                
Mortgage Notes Payable 124,795,360   124,730,738   $ 82,000,000      
Accounts Payable & Accrued Expense 941,807   840,958          
Advance Rental Pmts & Security Deposits 3,550,396   3,309,073          
Total Liabilities 129,287,564   128,880,769          
Partners' Capital (52,066,674)   (51,203,750)          
Total Liabilities and Partners' Capital $ 77,220,890   $ 77,677,019          
Partners' Capital %-NERA 40.00%   40.00%          
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures $ (20,826,670)   $ (20,481,500)          
Total units/ condominiums                
Total 409   409     409    
Dexter Park | Apartments                
Total units/ condominiums                
Total 409   409