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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details 3) (USD $)
3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Hamilton Essex 81
Sep. 30, 2011
Hamilton Essex 81
Sep. 30, 2012
Hamilton Essex 81
Sep. 30, 2011
Hamilton Essex 81
Sep. 30, 2012
Hamilton Essex 81
NERA 50%
Sep. 30, 2011
Hamilton Essex 81
NERA 50%
Sep. 30, 2012
Hamilton Essex 81
NERA 50%
Sep. 30, 2011
Hamilton Essex 81
NERA 50%
Sep. 30, 2012
Hamilton Essex Development
Sep. 30, 2011
Hamilton Essex Development
Sep. 30, 2012
Hamilton Essex Development
Sep. 30, 2011
Hamilton Essex Development
Sep. 30, 2012
Hamilton Essex Development
NERA 50%
Sep. 30, 2011
Hamilton Essex Development
NERA 50%
Sep. 30, 2012
Hamilton Essex Development
NERA 50%
Sep. 30, 2011
Hamilton Essex Development
NERA 50%
Sep. 30, 2012
345 Franklin
Sep. 30, 2011
345 Franklin
Sep. 30, 2012
345 Franklin
Sep. 30, 2011
345 Franklin
Nov. 30, 2001
345 Franklin
Sep. 30, 2012
345 Franklin
NERA 50%
Sep. 30, 2011
345 Franklin
NERA 50%
Sep. 30, 2012
345 Franklin
NERA 50%
Sep. 30, 2011
345 Franklin
NERA 50%
Sep. 30, 2012
Hamilton 1025
Sep. 30, 2011
Hamilton 1025
Sep. 30, 2012
Hamilton 1025
Sep. 30, 2011
Hamilton 1025
Mar. 02, 2005
Hamilton 1025
Sep. 30, 2012
Hamilton 1025
NERA 50%
Sep. 30, 2011
Hamilton 1025
NERA 50%
Sep. 30, 2012
Hamilton 1025
NERA 50%
Sep. 30, 2011
Hamilton 1025
NERA 50%
Sep. 30, 2012
Hamilton Bay Sales
Sep. 30, 2011
Hamilton Bay Sales
Sep. 30, 2012
Hamilton Bay Sales
Sep. 30, 2011
Hamilton Bay Sales
Sep. 30, 2012
Hamilton Bay Sales
NERA 50%
Sep. 30, 2011
Hamilton Bay Sales
NERA 50%
Sep. 30, 2012
Hamilton Bay Sales
NERA 50%
Sep. 30, 2011
Hamilton Bay Sales
NERA 50%
Sep. 30, 2012
Hamilton Bay Apts
Sep. 30, 2011
Hamilton Bay Apts
Sep. 30, 2012
Hamilton Bay Apts
Sep. 30, 2011
Hamilton Bay Apts
Oct. 03, 2005
Hamilton Bay Apts
Sep. 30, 2012
Hamilton Bay Apts
NERA 50%
Sep. 30, 2011
Hamilton Bay Apts
NERA 50%
Sep. 30, 2012
Hamilton Bay Apts
NERA 50%
Sep. 30, 2011
Hamilton Bay Apts
NERA 50%
Sep. 30, 2012
Hamilton Minuteman Apts
Sep. 30, 2011
Hamilton Minuteman Apts
Sep. 30, 2012
Hamilton Minuteman Apts
Sep. 30, 2011
Hamilton Minuteman Apts
Sep. 30, 2004
Hamilton Minuteman Apts
Sep. 30, 2012
Hamilton Minuteman Apts
NERA 50%
Sep. 30, 2011
Hamilton Minuteman Apts
NERA 50%
Sep. 30, 2012
Hamilton Minuteman Apts
NERA 50%
Sep. 30, 2011
Hamilton Minuteman Apts
NERA 50%
Sep. 30, 2012
Hamilton on Main Apts
Sep. 30, 2011
Hamilton on Main Apts
Sep. 30, 2012
Hamilton on Main Apts
Sep. 30, 2011
Hamilton on Main Apts
Aug. 31, 2004
Hamilton on Main Apts
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
NERA 50%
Sep. 30, 2011
Hamilton on Main Apts
NERA 50%
Sep. 30, 2012
Dexter Park
Sep. 30, 2011
Dexter Park
Sep. 30, 2012
Dexter Park
Sep. 30, 2011
Dexter Park
Sep. 30, 2012
Dexter Park
NERA 40%
Sep. 30, 2011
Dexter Park
NERA 40%
Sep. 30, 2012
Dexter Park
NERA 40%
Sep. 30, 2011
Dexter Park
NERA 40%
Sep. 30, 2012
Total
Sep. 30, 2011
Total
Sep. 30, 2012
Total
Sep. 30, 2011
Total
Sep. 30, 2012
Total
NERA 50%
Sep. 30, 2011
Total
NERA 50%
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
NERA 40%
Sep. 30, 2011
Total
NERA 40%
Revenues                                                                                                                                                                                          
Rental income $ 8,782,896 $ 8,543,908 $ 26,245,505 $ 24,957,004 $ 311,281 $ 374,433 $ 937,284 $ 940,881         $ 72,046 $ 73,146 $ 216,137 $ 214,196         $ 295,031 $ 288,169 $ 873,734 $ 848,631           $ 218,064 $ 206,445 $ 639,791 $ 607,752           $ 61,862 $ 59,375 $ 173,054 $ 178,514         $ 223,301 $ 217,079 $ 659,463 $ 643,284           $ 204,535 $ 196,335 $ 603,212 $ 589,360           $ 656,122 $ 625,370 $ 1,953,493 $ 1,856,189           $ 2,993,242 $ 2,848,930 $ 9,056,079 $ 8,588,891         $ 5,035,486 $ 4,889,281 $ 15,112,247 $ 14,467,697                
Laundry and sundry income 92,700 104,618 282,889 318,059 3,415 4,668 10,488 11,870                         600 (307) 1,788 921                                                               175 579 666 579           3,752 4,910 13,732 15,698           31,384 24,900 75,239 74,713         39,327 34,750 101,913 103,782                
Total Revenues 8,875,596 8,648,526 26,528,394 25,275,063 314,697 379,102 947,772 952,750         72,046 73,146 216,137 214,196         295,631 287,862 875,522 849,552           218,064 206,445 639,791 607,752           61,862 59,375 173,054 178,514         223,301 217,079 659,463 643,284           204,711 196,914 603,878 589,939           659,875 630,280 1,967,225 1,871,887           3,024,626 2,873,830 9,131,318 8,663,605         5,074,812 4,924,031 15,214,160 14,571,479                
Expenses                                                                                                                                                                                          
Administrative 463,687 411,836 1,362,276 1,237,424 2,824 1,548 10,430 12,818         317 255 1,432 1,084         7,845 11,388 23,211 20,368           1,599 2,934 4,079 7,812           2,514 1,728 6,617 3,529         6,285 7,003 29,996 14,587           3,823 1,387 6,755 9,431           11,209 9,334 37,307 25,019           59,789 55,971 169,223 122,470         96,206 91,548 289,048 217,119                
Depreciation and amortization 1,571,942 1,603,529 4,632,173 4,412,144 101,777 106,099 308,642 317,669         2,909 1,922 9,394 5,048         114,199 112,028 336,339 333,321           63,962 65,582 190,555 194,986           19,736 22,416 59,208 67,248         74,920 78,381 224,008 235,595           80,075 81,891 238,621 244,550           240,997 242,907 717,664 724,597           1,443,275 1,429,538 4,314,274 4,276,964         2,141,849 2,140,763 6,398,704 6,399,978                
Management fees         13,547 11,495 40,573 36,596         2,882 2,760 8,645 8,280         11,953 11,372 36,070 34,012           9,079 8,182 25,964 24,089           2,681 2,416 7,268 7,320         8,761 8,516 25,753 25,268           8,225 7,589 24,241 23,493           26,655 24,345 78,862 74,867           66,474 64,815 196,041 188,088         150,256 141,490 443,417 422,011                
Operating 731,618 774,998 2,684,760 3,104,722 32,187 26,096 85,319 91,167                         13,451 17,674 42,933 53,705           1 280 636 1,148           310 75 1,237 170         165 159 1,070 378           16,664 9,789 54,385 30,360           63,833 75,443 242,157 285,510           217,288 205,322 764,389 699,466         343,898 334,838 1,192,125 1,161,904                
Renting 48,483 63,482 148,602 260,819 14,574 487 16,664 7,667                         3,318 4,572 3,459 14,979           3,389 2,209 5,718 9,338             675 1,450 1,750         389 2,166 3,660 6,755           1,019 899 3,013 2,676           2,265 5,740 8,845 12,791           30,033 34,679 71,830 133,066         54,987 51,427 114,639 189,022                
Repairs and maintenance 1,487,272 1,421,084 3,857,918 3,800,836 39,279 47,258 94,156 103,137         950   5,475 3,050         17,401 21,504 61,720 57,642           89,279 74,625 235,472 224,152           21,202 17,377 53,379 55,285         71,906 65,890 205,125 221,000           15,818 32,238 45,315 76,312           85,358 99,953 283,251 267,194           277,534 306,231 707,486 750,306         618,728 665,076 1,691,378 1,758,077                
Taxes and insurance 1,066,739 1,042,470 3,241,830 3,103,215 48,843 45,262 149,722 139,499         12,025 12,195 37,211 36,014         25,358 24,438 75,919 71,706           36,279 34,912 109,871 108,471           11,329 11,548 34,890 34,328         39,893 38,775 121,571 117,288           26,154 24,754 77,022 68,306           85,473 82,541 253,782 242,777           371,328 353,478 1,115,971 959,720         656,683 627,903 1,975,959 1,778,109                
Total Expenses 5,730,319 5,665,232 17,005,747 16,951,229 253,031 238,245 705,506 708,553         19,084 17,132 62,158 53,476         193,525 202,976 579,650 585,734           203,588 188,724 572,294 569,995           57,772 56,235 164,047 169,630         202,319 200,889 611,182 620,870           151,778 158,546 449,351 455,128           515,790 540,263 1,621,867 1,632,755           2,465,720 2,450,035 7,339,215 7,130,079         4,062,608 4,053,046 12,105,270 11,926,220                
Income Before Other Income 3,145,277 2,983,294 9,522,647 8,323,834 61,665 140,856 242,266 244,197         52,962 56,014 153,980 160,720         102,106 84,886 295,872 263,818           14,476 17,721 67,497 37,757           4,090 3,140 9,007 8,884         20,982 16,190 48,281 22,414           52,933 38,368 154,527 134,812           144,085 90,016 345,358 239,132           558,906 423,795 1,792,103 1,533,525         1,012,205 870,985 3,108,891 2,645,259                
Other Income (Expense)                                                                                                                                                                                          
Interest expense (1,953,645) (2,033,082) (5,853,647) (5,962,907) (124,806) (126,599) (373,357) (376,847)         (15,110) (15,349) (45,437) (46,036)         (120,435) (123,353) (366,348) (371,875)           (72,408) (72,913) (216,254) (216,310)           (24,738) (24,715) (73,609) (73,297)         (68,108) (68,403) (203,375) (202,923)           (79,666) (80,190) (238,036) (237,765)           (210,248) (213,905) (628,955) (636,029)           (1,277,390) (1,288,240) (3,818,020) (3,824,313)         (1,992,910) (2,013,666) (5,963,390) (5,985,397)                
Interest income 554 895 1,746 3,129                                 12 12 36 37           21 22 62 66           51 108 165 378                                                                     3,219         84 142 262 3,701                
Interest Income from Note                                                                             1,458 2,145 4,901 6,926                                                                               1,458 2,145 4,901 6,926                
Gain on the sale of real estate   (808)   7,720,459                                                                                                                                                                                  
Other Income (Expenses)           (2,331)   (2,331)                           (5,375)   (5,375)             (3,621)   (3,621)                             (2,271)   (2,271)                               (1,152)   (1,152)                             (14,751)   (14,751)                
Total Other Income (Expense) (2,370,824) (2,523,315) (7,073,978) (7,403,152) (124,806) (128,930) (373,357) (379,178)         (15,110) (15,349) (45,437) (46,036)         (120,423) (128,716) (366,311) (377,213)           (72,388) (76,513) (216,193) (219,865)           (23,229) (22,462) (68,543) (65,993)         (68,108) (70,674) (203,375) (205,194)           (79,666) (80,190) (238,036) (237,765)           (210,248) (215,057) (628,955) (637,181)           (1,277,390) (1,288,240) (3,818,020) (3,821,094)         (1,991,367) (2,026,130) (5,958,227) (5,989,521)                
Net income 774,453 456,926 2,448,669 8,722,708 (63,141) 11,926 (131,091) (134,981)         37,852 40,665 108,543 114,684         (18,317) (43,830) (70,439) (113,395)           (57,912) (58,792) (148,696) (182,108)           (19,139) (19,322) (59,537) (57,110)         (47,126) (54,484) (155,094) (182,781)           (26,733) (41,822) (83,509) (102,953)           (66,164) (125,040) (283,597) (398,049)           (718,484) (864,445) (2,025,917) (2,287,569)         (979,163) (1,155,144) (2,849,337) (3,344,262)                
Proportionate share of net loss                 $ (31,571) $ 5,963 $ (65,546) $ (67,491)         $ 18,926 $ 20,333 $ 54,271 $ 57,342           $ (9,158) $ (21,915) $ (35,220) $ (56,697)           $ (28,956) $ (29,396) $ (74,348) $ (91,054)         $ (9,569) $ (9,661) $ (29,768) $ (28,555)           $ (23,563) $ (27,242) $ (77,547) $ (91,390)           $ (13,366) $ (20,911) $ (41,754) $ (51,476)           $ (33,082) $ (62,520) $ (141,798) $ (199,024)         $ (287,394) $ (345,778) $ (810,367) $ (915,028) $ (417,733) $ (491,128) $ (1,222,077) $ (1,443,374) $ (130,339) $ (145,350) $ (411,710) $ (528,346) $ (287,394) $ (345,778) $ (810,367) $ (915,028)
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% 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% 40.00% 40.00%         50.00% 50.00% 50.00% 50.00% 40.00% 40.00% 40.00% 40.00%