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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details 2) (USD $)
Sep. 30, 2012
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Dec. 31, 2011
Sep. 30, 2011
Dec. 31, 2010
Sep. 30, 2012
Hamilton Essex 81
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Sep. 30, 2011
Hamilton Essex 81
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Sep. 30, 2012
Hamilton Essex 81
NERA 50%
Sep. 30, 2011
Hamilton Essex 81
NERA 50%
Sep. 30, 2012
Hamilton Essex 81
Apartments
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Sep. 30, 2011
Hamilton Essex 81
Apartments
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Sep. 30, 2012
Hamilton Essex 81
Commercial
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Sep. 30, 2011
Hamilton Essex 81
Commercial
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Sep. 30, 2012
Hamilton Essex Development
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Sep. 30, 2011
Hamilton Essex Development
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Sep. 30, 2012
Hamilton Essex Development
NERA 50%
Sep. 30, 2011
Hamilton Essex Development
NERA 50%
Sep. 30, 2012
Hamilton Essex Development
Commercial
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Sep. 30, 2011
Hamilton Essex Development
Commercial
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Sep. 30, 2012
345 Franklin
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Sep. 30, 2011
345 Franklin
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Nov. 30, 2001
345 Franklin
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Sep. 30, 2012
345 Franklin
NERA 50%
Sep. 30, 2011
345 Franklin
NERA 50%
Sep. 30, 2012
345 Franklin
Apartments
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Sep. 30, 2011
345 Franklin
Apartments
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Sep. 30, 2012
Hamilton 1025
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Sep. 30, 2011
Hamilton 1025
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Mar. 02, 2005
Hamilton 1025
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Sep. 30, 2012
Hamilton 1025
NERA 50%
Sep. 30, 2011
Hamilton 1025
NERA 50%
Sep. 30, 2012
Hamilton 1025
Apartments
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Sep. 30, 2011
Hamilton 1025
Apartments
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Sep. 30, 2012
Hamilton 1025
Commercial
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Sep. 30, 2011
Hamilton 1025
Commercial
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Sep. 30, 2012
Hamilton Bay Sales
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Sep. 30, 2011
Hamilton Bay Sales
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Apr. 30, 2008
Hamilton Bay Sales
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Sep. 30, 2012
Hamilton Bay Sales
NERA 50%
Sep. 30, 2011
Hamilton Bay Sales
NERA 50%
Sep. 30, 2012
Hamilton Bay Sales
Apartments
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Sep. 30, 2011
Hamilton Bay Sales
Apartments
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Sep. 30, 2012
Hamilton Bay Apts
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Sep. 30, 2011
Hamilton Bay Apts
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Oct. 03, 2005
Hamilton Bay Apts
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Sep. 30, 2012
Hamilton Bay Apts
NERA 50%
Sep. 30, 2011
Hamilton Bay Apts
NERA 50%
Sep. 30, 2012
Hamilton Bay Apts
Apartments
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Sep. 30, 2011
Hamilton Bay Apts
Apartments
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Sep. 30, 2012
Hamilton Minuteman Apts
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Sep. 30, 2011
Hamilton Minuteman Apts
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Sep. 30, 2004
Hamilton Minuteman Apts
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Sep. 30, 2012
Hamilton Minuteman Apts
NERA 50%
Sep. 30, 2011
Hamilton Minuteman Apts
NERA 50%
Sep. 30, 2012
Hamilton Minuteman Apts
Apartments
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Sep. 30, 2011
Hamilton Minuteman Apts
Apartments
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Sep. 30, 2012
Hamilton on Main Apts
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Sep. 30, 2011
Hamilton on Main Apts
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May 31, 2008
Hamilton on Main Apts
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Aug. 31, 2004
Hamilton on Main Apts
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Sep. 30, 2012
Hamilton on Main Apts
NERA 50%
Sep. 30, 2011
Hamilton on Main Apts
NERA 50%
Sep. 30, 2012
Hamilton on Main Apts
Apartments
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Sep. 30, 2011
Hamilton on Main Apts
Apartments
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Sep. 30, 2012
Dexter Park
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Sep. 30, 2011
Dexter Park
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Sep. 30, 2012
Dexter Park
NERA 40%
Sep. 30, 2011
Dexter Park
NERA 40%
Sep. 30, 2012
Dexter Park
Apartments
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Sep. 30, 2011
Dexter Park
Apartments
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Sep. 30, 2012
Total
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Sep. 30, 2011
Total
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Sep. 30, 2012
Total
NERA 50%
Sep. 30, 2011
Total
NERA 50%
Sep. 30, 2012
Total
NERA 40%
Sep. 30, 2011
Total
NERA 40%
Sep. 30, 2012
Total
Apartments
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Sep. 30, 2011
Total
Apartments
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Sep. 30, 2012
Total
Commercial
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Sep. 30, 2011
Total
Commercial
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ASSETS                                                                                                                                                              
Rental Properties $ 96,137,618 $ 98,924,534     $ 9,201,729 $ 9,546,059             $ 2,611,197 $ 2,597,309         $ 7,962,705 $ 8,336,008           $ 5,685,935 $ 5,906,387               $ 1,863,770 $ 1,951,075           $ 7,045,549 $ 7,347,113           $ 7,077,941 $ 7,387,465           $ 21,317,705 $ 22,162,035             $ 108,880,125 $ 114,310,012         $ 171,646,656 $ 179,543,463                
Cash & Cash Equivalents 5,322,287 4,050,157 4,316,353 3,245,361 3,682 117             12,525 12,916         57,974 10,019           66 33               14,203 24,382           98 12,951           42,880 14,118           159,507 281             782,730 815,551         1,073,665 890,367                
Rent Receivable 545,496 434,252     45,283 92,005               19,146         905 879           7,924 9,278               654 904           2,929 1,819           4,791 2,222           5,055 12,054             50,229 172,623         117,770 310,930                
Due from Investment Properties           15,000               15,000                                                                                                                                  
Real Estate Tax Escrow 446,314 401,325     49,793 93,721                         39,686 38,291           71,850 60,411                             95,568 86,578           42,857 44,193           109,839 102,117             430,978 620,090         840,573 1,045,402                
Prepaid Expenses & Other Assets 3,460,422 3,866,652     96,118 98,142             807 789         97,491 91,158           102,622 86,663               152,270 189,773           107,997 93,298           76,040 81,180           292,984 526,254             1,328,474 1,178,633         2,254,803 2,345,890                
Financing & Leasing Fees 960,064 919,187     64,805 78,711             5,946 9,607         10,205 18,371           20,902 25,928               2,771 7,836           27,833 34,195           16,942 20,911           16,296 23,158             414,507 473,908         580,208 692,624                
Total Assets 121,658,781 125,376,764     9,461,410 9,923,756             2,630,476 2,639,767         8,168,966 8,494,727           5,889,300 6,088,700               2,033,669 2,173,969           7,279,975 7,575,954           7,261,451 7,550,088           21,901,385 22,825,899             111,887,043 117,570,816         176,513,675 184,843,676                
LIABILITIES AND PARTNERS' CAPITAL                                                                                                                                                              
Mortgage Notes Payable 138,335,670 139,161,612     8,379,679 8,487,795             2,106,087 2,157,699         6,893,510 7,059,569           4,949,865 500,000               1,668,000 1,668,000           4,716,555 4,750,000           5,450,034 5,500,000           15,680,318 15,952,852             88,891,126 89,914,000         138,735,173 140,489,916                
Due from Investment Properties           15,000               15,000                                                                                                                                  
Accounts Payable & Accrued Expense 2,143,534 2,253,696     72,817 50,338             5,870 5,826         146,324 71,853           49,095 48,147               20,272 17,514           6,929 6,661           94,046 83,378           248,055 200,478             841,053 750,820         1,484,461 1,235,011                
Advance Rental Pmts & Security Deposits 3,604,570 3,603,708     148,662 149,104                         140,048 111,782           86,764 70,319               23,802 21,446           84,376 83,709           68,652 63,134           267,641 244,407             1,837,442 1,764,347         2,657,387 2,508,248                
Total Liabilities 144,083,774 146,687,616     8,601,158 8,687,238             2,111,957 2,178,525         7,179,881 7,243,205           5,085,724 5,118,466               1,712,074 1,706,960           4,807,860 4,840,370           5,612,731 5,646,512           16,196,014 16,397,734             91,569,622 92,429,166         142,877,021 144,248,175                
Partners Capital (22,424,993) (21,310,852) (20,959,035) (26,920,567) 860,252 1,236,518 430,126 618,259         518,519 461,242 259,259 230,621     989,085 1,251,523   494,542 625,761     803,576 970,234   401,788 485,117         321,595 467,010   160,798 233,505     2,472,115 2,735,584   1,236,057 1,367,792     1,648,720 1,903,576   824,360 951,788     5,705,372 6,428,164     2,852,686 3,214,082     20,317,421 25,141,650 8,126,969 10,056,660     33,636,654 40,595,500 6,659,616 7,726,925 8,126,969 10,056,660        
Total Liabilities and Partners' Capital 121,658,781 125,376,764     9,461,410 9,923,756             2,630,476 2,639,767         8,168,966 8,494,727           5,889,300 6,088,700               2,033,669 2,173,969           7,279,975 7,575,954           7,261,451 7,550,088           21,901,385 22,825,899             111,887,043 117,570,816         176,513,675 184,843,676                
Share of partners capital in investments                                                                                                                                           $ 14,786,585 $ 17,783,585                
Percentage of ownership interest             50.00% 50.00%             50.00% 50.00%         50.00% 50.00% 50.00%         50.00% 50.00% 50.00%               50.00% 50.00%         50.00% 50.00% 50.00%         50.00% 50.00% 50.00%           50.00% 50.00% 50.00%         40.00% 40.00%         50.00% 50.00% 40.00% 40.00%        
Total units/ condominiums                                                                                                                                                              
Total 120       49 49     48 48 1 1 1 1     1 1 40 40 40     40 40 176 176 176     175 175 1 1 120 120 20     120 120 48 48 168     48 48 42 42 42     42 42 148 148   280     148 148 409 409     409 409 1,033 1,033         1,030 1,030 3 3
Units to be retained         49 49             1 1         40 40           49 49 49                           48 48 48         42 42           148 148             409 409         786 786                
Units to be sold 120                                                 127 127               120 120                                                                   247 247                
Units sold 105                                                 127 127 127             105 105                                           137                       232 232                
Unsold units 15                                                                   15 15                                                                   15 15