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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%