XML 12 R48.htm IDEA: XBRL DOCUMENT
v2.4.0.6

INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details 3) (USD $) | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended |  | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended |  | 3 Months Ended | 6 Months Ended |  | 3 Months Ended | 6 Months Ended |  | 3 Months Ended | 6 Months Ended |  | 3 Months Ended | 6 Months Ended |  | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended |  | 3 Months Ended | 6 Months Ended |  | 3 Months Ended | 6 Months Ended |  | 3 Months Ended | 6 Months Ended |  | 3 Months Ended | 6 Months Ended |  | 3 Months Ended | 6 Months Ended |  | 3 Months Ended | 6 Months Ended |  | 3 Months Ended | 6 Months Ended |  |  | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Jun. 30, 2012 | Jun. 30, 2011 | Jun. 30, 2012 | Jun. 30, 2011 | Jun. 30, 2012 Hamilton Essex 81 | Jun. 30, 2011 Hamilton Essex 81 | Jun. 30, 2012 Hamilton Essex 81 | Jun. 30, 2011 Hamilton Essex 81 | Jun. 30, 2012 Hamilton Essex 81 NERA 50% | Jun. 30, 2011 Hamilton Essex 81 NERA 50% | Jun. 30, 2012 Hamilton Essex 81 NERA 50% | Jun. 30, 2011 Hamilton Essex 81 NERA 50% | Jun. 30, 2012 Hamilton Essex 81 NERA 40% | Jun. 30, 2012 Hamilton Essex Development | Jun. 30, 2011 Hamilton Essex Development | Jun. 30, 2012 Hamilton Essex Development | Jun. 30, 2011 Hamilton Essex Development | Jun. 30, 2012 Hamilton Essex Development NERA 50% | Jun. 30, 2011 Hamilton Essex Development NERA 50% | Jun. 30, 2012 Hamilton Essex Development NERA 50% | Jun. 30, 2011 Hamilton Essex Development NERA 50% | Jun. 30, 2012 Hamilton Essex Development NERA 40% | Jun. 30, 2012 345 Franklin | Jun. 30, 2011 345 Franklin | Jun. 30, 2012 345 Franklin | Jun. 30, 2011 345 Franklin | Nov. 30, 2001 345 Franklin | Jun. 30, 2012 345 Franklin NERA 50% | Jun. 30, 2011 345 Franklin NERA 50% | Jun. 30, 2012 345 Franklin NERA 50% | Jun. 30, 2011 345 Franklin NERA 50% | Jun. 30, 2012 345 Franklin NERA 40% | Jun. 30, 2012 Hamilton 1025 | Jun. 30, 2011 Hamilton 1025 | Jun. 30, 2012 Hamilton 1025 | Jun. 30, 2011 Hamilton 1025 | Mar. 02, 2005 Hamilton 1025 | Jun. 30, 2012 Hamilton 1025 NERA 50% | Jun. 30, 2011 Hamilton 1025 NERA 50% | Jun. 30, 2012 Hamilton 1025 NERA 50% | Jun. 30, 2011 Hamilton 1025 NERA 50% | Jun. 30, 2012 Hamilton 1025 NERA 40% | Jun. 30, 2012 Hamilton Bay Sales | Jun. 30, 2011 Hamilton Bay Sales | Jun. 30, 2012 Hamilton Bay Sales | Jun. 30, 2011 Hamilton Bay Sales | Jun. 30, 2012 Hamilton Bay Sales NERA 50% | Jun. 30, 2011 Hamilton Bay Sales NERA 50% | Jun. 30, 2012 Hamilton Bay Sales NERA 50% | Jun. 30, 2011 Hamilton Bay Sales NERA 50% | Jun. 30, 2012 Hamilton Bay Sales NERA 40% | Jun. 30, 2012 Hamilton Bay Apts | Jun. 30, 2011 Hamilton Bay Apts | Jun. 30, 2012 Hamilton Bay Apts | Jun. 30, 2011 Hamilton Bay Apts | Oct. 03, 2005 Hamilton Bay Apts | Jun. 30, 2012 Hamilton Bay Apts NERA 50% | Jun. 30, 2011 Hamilton Bay Apts NERA 50% | Jun. 30, 2012 Hamilton Bay Apts NERA 50% | Jun. 30, 2011 Hamilton Bay Apts NERA 50% | Jun. 30, 2012 Hamilton Bay Apts NERA 40% | Jun. 30, 2012 Hamilton Minuteman | Jun. 30, 2011 Hamilton Minuteman | Jun. 30, 2012 Hamilton Minuteman | Jun. 30, 2011 Hamilton Minuteman | Sep. 30, 2004 Hamilton Minuteman | Jun. 30, 2012 Hamilton Minuteman NERA 50% | Jun. 30, 2011 Hamilton Minuteman NERA 50% | Jun. 30, 2012 Hamilton Minuteman NERA 50% | Jun. 30, 2011 Hamilton Minuteman NERA 50% | Jun. 30, 2012 Hamilton Minuteman NERA 40% | Jun. 30, 2012 Hamilton on Main Apts | Jun. 30, 2011 Hamilton on Main Apts | Jun. 30, 2012 Hamilton on Main Apts | Jun. 30, 2011 Hamilton on Main Apts | Aug. 31, 2004 Hamilton on Main Apts | Jun. 30, 2012 Hamilton on Main Apts NERA 50% | Jun. 30, 2011 Hamilton on Main Apts NERA 50% | Jun. 30, 2012 Hamilton on Main Apts NERA 50% | Jun. 30, 2011 Hamilton on Main Apts NERA 50% | Jun. 30, 2012 Hamilton on Main Apts NERA 40% | Jun. 30, 2012 Dexter Park | Jun. 30, 2011 Dexter Park | Jun. 30, 2012 Dexter Park | Jun. 30, 2011 Dexter Park | Oct. 28, 2009 Dexter Park | Jun. 30, 2012 Dexter Park NERA 50% | Jun. 30, 2012 Dexter Park NERA 40% | Jun. 30, 2011 Dexter Park NERA 40% | Jun. 30, 2012 Dexter Park NERA 40% | Jun. 30, 2011 Dexter Park NERA 40% | Jun. 30, 2012 Total | Jun. 30, 2011 Total | Jun. 30, 2012 Total | Jun. 30, 2011 Total | Jun. 30, 2012 Total NERA 50% | Jun. 30, 2011 Total NERA 50% | Jun. 30, 2012 Total NERA 50% | Jun. 30, 2011 Total NERA 50% | Jun. 30, 2012 Total NERA 40% | Jun. 30, 2011 Total NERA 40% | Jun. 30, 2012 Total NERA 40% | Jun. 30, 2011 Total NERA 40%
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental income | $ 8,702,905 | $ 8,234,245 | $ 17,462,608 | $ 16,413,095 | $ 333,509 | $ 277,595 | $ 626,002 | $ 566,447 |  |  |  |  |  | $ 72,046 | $ 72,050 | $ 144,092 | $ 141,050 |  |  |  |  |  | $ 287,052 | $ 278,692 | $ 578,703 | $ 560,462 |  |  |  |  |  |  | $ 211,699 | $ 203,017 | $ 421,727 | $ 401,308 |  |  |  |  |  |  | $ 59,714 | $ 61,849 | $ 111,192 | $ 119,139 |  |  |  |  |  | $ 216,498 | $ 211,266 | $ 436,161 | $ 426,205 |  |  |  |  |  |  | $ 201,973 | $ 200,020 | $ 398,676 | $ 393,025 |  |  |  |  |  |  | $ 649,487 | $ 617,257 | $ 1,297,371 | $ 1,230,819 |  |  |  |  |  |  | $ 3,051,260 | $ 2,847,881 | $ 6,062,838 | $ 5,739,961 |  |  |  |  |  |  | $ 5,083,238 | $ 4,769,626 | $ 10,076,761 | $ 9,578,416 |  |  |  |  |  |  |  |
Laundry and sundry income | 97,511 | 111,398 | 190,189 | 213,441 | 3,540 | 3,264 | 7,073 | 7,202 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 600 | 600 | 1,188 | 1,228 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 83 |  | 491 |  |  |  |  |  |  |  | 4,617 | 4,698 | 9,980 | 10,788 |  |  |  |  |  |  | 21,355 | 24,223 | 43,855 | 49,813 |  |  |  |  |  |  | 30,195 | 32,785 | 62,587 | 69,031 |  |  |  |  |  |  |  |
Total Revenues | 8,800,416 | 8,345,643 | 17,652,797 | 16,626,536 | 337,049 | 280,859 | 633,075 | 573,649 |  |  |  |  |  | 72,046 | 72,050 | 144,092 | 141,050 |  |  |  |  |  | 287,652 | 279,292 | 579,891 | 561,690 |  |  |  |  |  |  | 211,699 | 203,017 | 421,727 | 401,308 |  |  |  |  |  |  | 59,714 | 61,849 | 111,192 | 119,139 |  |  |  |  |  | 216,498 | 211,266 | 436,161 | 426,205 |  |  |  |  |  |  | 202,056 | 200,020 | 399,167 | 393,025 |  |  |  |  |  |  | 654,104 | 621,955 | 1,307,350 | 1,241,608 |  |  |  |  |  |  | 3,072,615 | 2,872,104 | 6,106,693 | 5,789,775 |  |  |  |  |  |  | 5,113,433 | 4,802,410 | 10,139,348 | 9,647,447 |  |  |  |  |  |  |  |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Administrative | 408,814 | 399,845 | 898,588 | 825,588 | 4,330 | 6,472 | 7,606 | 11,270 |  |  |  |  |  | 547 | 448 | 1,114 | 829 |  |  |  |  |  | 8,864 | 4,608 | 15,366 | 8,981 |  |  |  |  |  |  | 2,189 | 2,837 | 2,480 | 4,878 |  |  |  |  |  |  | 1,895 | 893 | 4,103 | 1,801 |  |  |  |  |  | 15,351 | 4,512 | 23,711 | 7,584 |  |  |  |  |  |  | 1,982 | 1,522 | 2,931 | 8,045 |  |  |  |  |  |  | 12,303 | 4,979 | 26,098 | 15,685 |  |  |  |  |  |  | 66,572 | 34,143 | 109,434 | 66,499 |  |  |  |  |  |  | 114,031 | 60,413 | 192,842 | 125,571 |  |  |  |  |  |  |  |
Depreciation and amortization | 1,546,186 | 1,451,795 | 3,060,231 | 2,808,616 | 103,742 | 105,872 | 206,865 | 211,570 |  |  |  |  |  | 3,243 | 1,563 | 6,485 | 3,127 |  |  |  |  |  | 112,159 | 110,706 | 222,140 | 221,293 |  |  |  |  |  |  | 63,477 | 65,193 | 126,593 | 129,404 |  |  |  |  |  |  | 19,736 | 22,416 | 39,472 | 44,832 |  |  |  |  |  | 74,723 | 79,079 | 149,087 | 157,214 |  |  |  |  |  |  | 79,613 | 82,205 | 158,546 | 162,659 |  |  |  |  |  |  | 240,010 | 241,739 | 476,667 | 481,690 |  |  |  |  |  |  | 1,438,955 | 1,424,349 | 2,870,999 | 2,847,426 |  |  |  |  |  |  | 2,135,656 | 2,133,121 | 4,256,855 | 4,259,214 |  |  |  |  |  |  |  |
Management fees |  |  |  |  | 14,208 | 12,603 | 27,026 | 25,101 |  |  |  |  |  | 2,882 | 2,760 | 5,764 | 5,520 |  |  |  |  |  | 12,115 | 11,541 | 24,116 | 22,640 |  |  |  |  |  |  | 8,333 | 8,028 | 16,885 | 15,907 |  |  |  |  |  |  | 2,537 | 2,471 | 4,587 | 4,903 |  |  |  |  |  | 8,599 | 8,507 | 16,992 | 16,752 |  |  |  |  |  |  | 7,978 | 8,009 | 16,016 | 15,904 |  |  |  |  |  |  | 26,698 | 24,965 | 52,207 | 50,522 |  |  |  |  |  |  | 66,306 | 60,459 | 129,568 | 123,272 |  |  |  |  |  |  | 149,656 | 139,344 | 293,161 | 280,521 |  |  |  |  |  |  |  |
Operating | 711,039 | 871,037 | 1,953,142 | 2,329,723 | 22,810 | 26,655 | 53,132 | 65,071 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 14,338 | 12,955 | 29,481 | 36,031 |  |  |  |  |  |  | 570 | 250 | 635 | 868 |  |  |  |  |  |  | 256 | 51 | 927 | 95 |  |  |  |  |  | 217 | 169 | 905 | 219 |  |  |  |  |  |  | 13,014 | (1,904) | 37,721 | 20,571 |  |  |  |  |  |  | 73,937 | 85,909 | 178,324 | 210,067 |  |  |  |  |  |  | 243,755 | 210,837 | 547,102 | 494,144 |  |  |  |  |  |  | 368,896 | 334,922 | 848,227 | 827,066 |  |  |  |  |  |  |  |
Renting | 53,368 | 109,450 | 100,119 | 197,337 | 150 | 2,080 | 2,090 | 7,180 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,407 | 141 | 10,407 |  |  |  |  |  |  | 659 | 3,669 | 2,328 | 7,128 |  |  |  |  |  |  | 535 | 1,075 | 1,450 | 1,075 |  |  |  |  |  | 2,377 | 3,663 | 3,271 | 4,589 |  |  |  |  |  |  | 1,083 | 524 | 1,993 | 1,777 |  |  |  |  |  |  | 4,556 | 3,833 | 6,580 | 7,051 |  |  |  |  |  |  | 10,807 | 43,661 | 41,798 | 98,387 |  |  |  |  |  |  | 20,169 | 62,913 | 59,652 | 137,595 |  |  |  |  |  |  |  |
Repairs and maintenance | 1,297,772 | 1,317,610 | 2,370,646 | 2,379,751 | 32,326 | 29,217 | 54,878 | 55,879 |  |  |  |  |  | 4,150 | 3,050 | 4,525 | 3,050 |  |  |  |  |  | 28,474 | 22,350 | 44,319 | 36,138 |  |  |  |  |  |  | 76,398 | 72,274 | 146,192 | 149,527 |  |  |  |  |  |  | 15,410 | 23,078 | 32,177 | 37,908 |  |  |  |  |  | 68,837 | 91,589 | 133,219 | 155,110 |  |  |  |  |  |  | 17,521 | 23,074 | 29,497 | 44,073 |  |  |  |  |  |  | 103,533 | 95,414 | 197,892 | 167,241 |  |  |  |  |  |  | 285,183 | 279,864 | 429,952 | 444,075 |  |  |  |  |  |  | 631,833 | 639,909 | 1,072,650 | 1,093,000 |  |  |  |  |  |  |  |
Taxes and insurance | 1,030,690 | 1,008,219 | 2,175,091 | 2,060,745 | 50,693 | 47,052 | 100,878 | 94,238 |  |  |  |  |  | 12,844 | 11,910 | 25,186 | 23,818 |  |  |  |  |  | 25,296 | 23,609 | 50,561 | 47,268 |  |  |  |  |  |  | 36,671 | 36,963 | 73,592 | 73,559 |  |  |  |  |  |  | 11,918 | 11,414 | 23,560 | 22,779 |  |  |  |  |  | 40,902 | 39,411 | 81,677 | 78,513 |  |  |  |  |  |  | 25,458 | 21,718 | 50,868 | 43,552 |  |  |  |  |  |  | 83,186 | 79,355 | 168,309 | 160,236 |  |  |  |  |  |  | 364,513 | 319,801 | 744,643 | 606,241 |  |  |  |  |  |  | 651,482 | 591,233 | 1,319,275 | 1,150,205 |  |  |  |  |  |  |  |
Total Expenses | 5,413,735 | 5,508,842 | 11,275,428 | 11,285,996 | 228,259 | 229,952 | 452,475 | 470,308 |  |  |  |  |  | 23,666 | 19,731 | 43,074 | 36,344 |  |  |  |  |  | 201,245 | 190,176 | 386,125 | 382,758 |  |  |  |  |  |  | 188,296 | 189,214 | 368,706 | 381,271 |  |  |  |  |  |  | 52,287 | 61,398 | 106,276 | 113,394 |  |  |  |  |  | 211,006 | 226,930 | 408,862 | 419,981 |  |  |  |  |  |  | 146,648 | 135,147 | 297,573 | 296,581 |  |  |  |  |  |  | 544,223 | 536,193 | 1,106,077 | 1,092,492 |  |  |  |  |  |  | 2,476,092 | 2,373,114 | 4,873,495 | 4,680,044 |  |  |  |  |  |  | 4,071,723 | 3,961,855 | 8,042,662 | 7,873,173 |  |  |  |  |  |  |  |
Income Before Other Income | 3,386,681 | 2,836,801 | 6,377,369 | 5,340,540 | 108,790 | 50,907 | 180,601 | 103,341 |  |  |  |  |  | 48,380 | 52,319 | 101,018 | 104,706 |  |  |  |  |  | 86,406 | 89,115 | 193,766 | 178,932 |  |  |  |  |  |  | 23,403 | 13,803 | 53,021 | 20,036 |  |  |  |  |  |  | 7,426 | 451 | 4,916 | 5,744 |  |  |  |  |  | 5,492 | (15,664) | 27,299 | 6,224 |  |  |  |  |  |  | 55,408 | 64,873 | 101,594 | 96,444 |  |  |  |  |  |  | 109,881 | 85,762 | 201,274 | 149,116 |  |  |  |  |  |  | 596,522 | 498,990 | 1,233,197 | 1,109,730 |  |  |  |  |  |  | 1,041,709 | 840,556 | 2,096,686 | 1,774,274 |  |  |  |  |  |  |  |
Other Income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense | (1,938,747) | (1,983,117) | (3,900,003) | (3,929,825) | (124,068) | (125,645) | (248,551) | (250,249) |  |  |  |  |  | (15,034) | (15,242) | (30,327) | (30,688) |  |  |  |  |  | (121,314) | (123,947) | (245,913) | (248,522) |  |  |  |  |  |  | (71,826) | (72,124) | (143,846) | (143,397) |  |  |  |  |  |  | (24,445) | (24,432) | (48,871) | (48,582) |  |  |  |  |  | (67,577) | (67,642) | (135,267) | (134,521) |  |  |  |  |  |  | (79,013) | (79,285) | (158,370) | (157,575) |  |  |  |  |  |  | (208,988) | (211,960) | (418,707) | (422,124) |  |  |  |  |  |  | (1,267,892) | (1,274,191) | (2,540,630) | (2,536,073) |  |  |  |  |  |  | (1,980,156) | (1,994,467) | (3,970,481) | (3,971,730) |  |  |  |  |  |  |  |
Interest income | 553 | 1,007 | 1,192 | 2,234 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 12 | 13 | 24 | 25 |  |  |  |  |  |  | 21 | 23 | 41 | 45 |  |  |  |  |  |  | 53 | 128 | 114 | 269 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,219 |  |  |  |  |  |  | 86 | 164 | 178 | 3,558 |  |  |  |  |  |  |  |
Interest Income from Note |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,635 | 2,310 | 3,442 | 4,781 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,635 | 2,310 | 3,442 | 4,781 |  |  |  |  |  |  |  |
Gain on Sale of Real Estate |  | 7,720,459 |  | 7,720,459 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Other Income (Loss) | (2,339,420) | (2,480,308) | (4,703,155) | (4,879,837) | (124,068) | (125,645) | (248,551) | (250,249) |  |  |  |  |  | (15,034) | (15,242) | (30,327) | (30,688) |  |  |  |  |  | (121,302) | (123,934) | (245,889) | (248,497) |  |  |  |  |  |  | (71,805) | (72,101) | (143,805) | (143,352) |  |  |  |  |  |  | (22,757) | (21,994) | (45,315) | (43,532) |  |  |  |  |  | (67,577) | (67,642) | (135,267) | (134,520) |  |  |  |  |  |  | (79,013) | (79,285) | (158,370) | (157,575) |  |  |  |  |  |  | (208,988) | (211,960) | (418,707) | (422,124) |  |  |  |  |  |  | (1,267,892) | (1,274,191) | (2,540,630) | (2,532,854) |  |  |  |  |  |  | (1,978,435) | (1,991,994) | (3,966,860) | (3,963,391) |  |  |  |  |  |  |  |
Net income | 1,047,261 | 8,093,130 | 1,674,214 | 8,262,729 | (15,278) | (74,738) | (67,950) | (146,907) |  |  |  |  |  | 33,346 | 37,077 | 70,691 | 74,018 |  |  |  |  |  | (34,895) | (34,819) | (52,123) | (69,565) |  |  |  |  |  |  | (48,402) | (58,298) | (90,784) | (123,316) |  |  |  |  |  |  | (15,331) | (21,543) | (40,398) | (37,788) |  |  |  |  |  | (62,085) | (83,306) | (107,968) | (128,296) |  |  |  |  |  |  | (23,605) | (14,412) | (56,776) | (61,030) |  |  |  |  |  |  | (99,107) | (126,198) | (217,433) | (273,008) |  |  |  |  |  |  | (671,370) | (775,201) | (1,307,433) | (1,423,124) |  |  |  |  |  |  | (936,726) | (1,151,438) | (1,870,174) | (2,189,117) |  |  |  |  |  |  |  |
Proportionate share of net loss |  |  |  |  |  |  |  |  | $ (7,639) | $ (37,369) | $ (33,975) | $ (73,454) |  |  |  |  |  | $ 16,673 | $ 18,538 | $ 35,345 | $ 37,009 |  |  |  |  |  |  | $ (17,448) | $ (17,409) | $ (26,061) | $ (34,783) |  |  |  |  |  |  | $ (24,201) | $ (29,149) | $ (45,392) | $ (61,658) |  |  |  |  |  | $ (7,665) | $ (10,772) | $ (20,199) | $ (18,894) |  |  |  |  |  |  | $ (31,043) | $ (41,653) | $ (53,984) | $ (64,148) |  |  |  |  |  |  | $ (11,802) | $ (7,206) | $ (28,388) | $ (30,515) |  |  |  |  |  |  | $ (49,553) | $ (63,099) | $ (108,717) | $ (136,504) |  |  |  |  |  |  |  | $ (268,548) | $ (310,080) | $ (522,973) | $ (569,250) | $ (401,226) | $ (498,199) | $ (804,344) | $ (952,246) | $ (132,678) | $ (188,119) | $ (281,371) | $ (382,997) | $ (268,548) | $ (310,080) | $ (522,973) | $ (569,250)
Percentage of ownership interest |  |  |  |  |  |  |  |  | 50.00% | 50.00% | 50.00% | 50.00% | 40.00% |  |  |  |  | 50.00% | 50.00% | 50.00% | 50.00% | 40.00% |  |  |  |  | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 40.00% |  |  |  |  | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 40.00% |  |  |  |  | 50.00% | 50.00% | 50.00% | 50.00% | 40.00% |  |  |  |  | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 40.00% |  |  |  |  | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 40.00% |  |  |  |  | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 40.00% |  |  |  |  | 40.00% | 50.00% | 40.00% | 40.00% | 40.00% | 40.00% |  |  |  |  | 50.00% | 50.00% | 50.00% | 50.00% | 40.00% | 40.00% | 40.00% | 40.00%

X
- Definition Represents the interest income from note. + References No definition available. + Details
Name: | nen_InterestIncomeFromNote
Namespace Prefix: | nen_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Represents the share of partner's in net income (loss). + References No definition available. + Details
Name: | nen_NetIncomeLossProportionateShare
Namespace Prefix: | nen_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The aggregate costs of keeping the property in good condition but that do not appreciably prolong the life or increase the value of the property. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
Name: | us-gaap_CostOfPropertyRepairsAndMaintenance
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585 + Details
Name: | us-gaap_DepreciationDepletionAndAmortization
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of gain (loss), after tax expense or benefit and not previously recognized, resulting from the sale of a business component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 47 -Subparagraph b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 43 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 + Details
Name: | us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 18 -Subparagraph f -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 18 -Paragraph 20 -Subparagraph a (1) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_EquityMethodInvestmentOwnershipPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.4) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
Name: | us-gaap_GeneralAndAdministrativeExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The cost of borrowed funds accounted for as interest that was charged against earnings during the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 9 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher OTS -Name Federal Regulation (FR) -Number Title 12 -Section 563c.102 -Paragraph 9 -Chapter V -Subsection II -LegacyDoc This is a non-GAAP reference that was included in the 2009 taxonomy. It will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 34 -Paragraph 21 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.9) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 + Details
Name: | us-gaap_InterestExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 14 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7(b)) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
Name: | us-gaap_InvestmentIncomeInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Rental expense incurred for leased assets including furniture and equipment which has not been recognized in costs and expenses applicable to sales and revenues; for example, cost of goods sold or other operating costs and expenses. + References No definition available. + Details
Name: | us-gaap_LeaseAndRentalExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 19 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.22) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Other Comprehensive Income -URI http://asc.fasb.org/extlink&oid=6519514 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.18) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 130 -Paragraph 10, 15 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 20 -Article 9 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Net Income -URI http://asc.fasb.org/extlink&oid=6518256 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 87-21 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 28, 29, 30 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.19) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e565-108580 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph A7 -Appendix A Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -Subparagraph a -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_NetIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 5 + Details
Name: | us-gaap_NonoperatingIncomeExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_NonoperatingIncomeExpenseAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. + References No definition available. + Details
Name: | us-gaap_OperatingExpenses
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_OperatingExpensesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The net result for the period of deducting operating expenses from operating revenues. + References No definition available. + Details
Name: | us-gaap_OperatingIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The total amount of revenue recognized for the period from operating leases, including minimum lease revenue, contingent revenue, percentage revenue and sublease revenue. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 13 -Paragraph 19 -Subparagraph b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 25 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7501430&loc=d3e39896-112707 + Details
Name: | us-gaap_OperatingLeasesIncomeStatementLeaseRevenue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Other costs incurred during the reporting period related to other revenue generating activities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 2 -Article 5 + Details
Name: | us-gaap_OtherCostOfOperatingRevenue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Other real estate revenue not otherwise specified in the taxonomy. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1(e)) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
Name: | us-gaap_OtherRealEstateRevenue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Professional and contract service expense includes cost reimbursements for support services related to contracted projects, outsourced management, technical and staff support. + References No definition available. + Details
Name: | us-gaap_ProfessionalAndContractServicesExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The aggregate total of real estate taxes and insurance expense. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.6) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 720 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6419918&loc=d3e35301-107843 + Details
Name: | us-gaap_RealEstateTaxesAndInsurance
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 1 -Article 5 + Details
Name: | us-gaap_Revenues
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_RevenuesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration