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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 16,712,000 $ 10,609,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sales of real estate (5,392,000)  
Purchase price fair value adjustment (960,000)  
Gain on sale - investment in BRT Realty Trust (related party)   (134,000)
Impairment loss   1,093,000
Increase in unbilled rent receivable (1,327,000) (1,108,000)
Write-off of unbilled rent receivable 315,000  
Amortization of intangibles relating to leases, net (621,000) (144,000)
Amortization of restricted stock expense 1,742,000 1,368,000
Equity in earnings of unconsolidated joint ventures (311,000) (397,000)
Distributions of earnings from unconsolidated joint ventures 465,000 399,000
Depreciation and amortization 12,090,000 10,985,000
Amortization and write-off of financing costs 828,000 741,000
Payment of leasing commissions (709,000) (165,000)
Changes in assets and liabilities:    
(Increase) decrease in escrow, deposits, other assets and receivables (178,000) 535,000
Increase (decrease) in accrued expenses and other liabilities 662,000 (383,000)
Net cash provided by operating activities 23,316,000 23,399,000
Cash flows from investing activities:    
Purchase of real estate (67,548,000) (33,167,000)
Improvements to real estate (2,479,000) (716,000)
Net proceeds from sale of real estate 16,025,000 5,177,000
Purchase of partner's interest in unconsolidated joint venture (6,300,000)  
Investment in unconsolidated joint ventures (12,686,000)  
Net proceeds on sale - investment in BRT Realty Trust (related party)   266,000
Distributions of return of capital from unconsolidated joint ventures 761,000 53,000
Net cash used in investing activities (72,227,000) (28,387,000)
Cash flows from financing activities:    
Scheduled amortization payments of mortgages payable (5,679,000) (5,675,000)
Repayment of mortgages payable (25,308,000) (25,456,000)
Proceeds from mortgage financings 66,005,000 46,839,000
Proceeds from sale of common stock, net 2,934,000 3,775,000
Proceeds from bank line of credit 45,400,000 27,500,000
Repayment on bank line of credit (22,900,000) (29,500,000)
Issuance of shares through dividend reinvestment plan 3,085,000 3,363,000
Payment of financing costs (996,000) (712,000)
Capital contributions from non-controlling interests 713,000 306,000
Distributions to non-controlling interests (1,670,000) (199,000)
Cash distributions to common stockholders (19,121,000) (17,625,000)
Net cash provided by financing activities 42,463,000 2,616,000
Net decrease in cash and cash equivalents (6,448,000) (2,372,000)
Cash and cash equivalents at beginning of period 20,344,000 16,631,000
Cash and cash equivalents at end of period 13,896,000 14,259,000
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest expense 11,830,000 12,382,000
Cash paid during the period for Federal excise tax, net 300,000 64,000
Supplemental schedule of non-cash investing and financing activities:    
Mortgage debt extinguished upon conveyance of property to mortgagee by deed-in-lieu of foreclosure 1,466,000  
Consolidation of real estate investments 2,633,000  
Purchase accounting allocation - intangible lease assets 5,780,000 1,999,000
Purchase accounting allocation - intangible lease liabilities $ 5,366,000 $ 2,844,000