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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details 2) (USD $)
Mar. 31, 2013
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Dec. 31, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Mar. 31, 2013
Hamilton Essex 81
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Mar. 31, 2012
Hamilton Essex 81
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Mar. 31, 2013
Hamilton Essex 81
NERA 50%
Mar. 31, 2012
Hamilton Essex 81
NERA 50%
Mar. 31, 2013
Hamilton Essex 81
Apartments
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Mar. 31, 2012
Hamilton Essex 81
Apartments
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Mar. 31, 2013
Hamilton Essex 81
Commercial
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Mar. 31, 2012
Hamilton Essex 81
Commercial
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Mar. 31, 2013
Hamilton Essex Development
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Mar. 31, 2012
Hamilton Essex Development
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Mar. 31, 2013
Hamilton Essex Development
NERA 50%
Mar. 31, 2012
Hamilton Essex Development
NERA 50%
Mar. 31, 2013
Hamilton Essex Development
Commercial
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Mar. 31, 2012
Hamilton Essex Development
Commercial
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Mar. 31, 2013
345 Franklin
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Mar. 31, 2012
345 Franklin
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Nov. 30, 2001
345 Franklin
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Mar. 31, 2013
345 Franklin
NERA 50%
Mar. 31, 2012
345 Franklin
NERA 50%
Mar. 31, 2013
345 Franklin
Apartments
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Mar. 31, 2012
345 Franklin
Apartments
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Mar. 31, 2013
Hamilton 1025
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Mar. 31, 2012
Hamilton 1025
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Mar. 02, 2005
Hamilton 1025
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Mar. 31, 2013
Hamilton 1025
NERA 50%
Mar. 31, 2012
Hamilton 1025
NERA 50%
Mar. 31, 2013
Hamilton 1025
Apartments
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Mar. 31, 2012
Hamilton 1025
Apartments
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Mar. 31, 2013
Hamilton 1025
Commercial
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Mar. 31, 2012
Hamilton 1025
Commercial
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Mar. 31, 2013
Hamilton Bay Apartments
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Mar. 31, 2012
Hamilton Bay Apartments
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Apr. 30, 2008
Hamilton Bay Apartments
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Oct. 03, 2005
Hamilton Bay Apartments
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Mar. 31, 2013
Hamilton Bay Apartments
NERA 50%
Mar. 31, 2012
Hamilton Bay Apartments
NERA 50%
Mar. 31, 2013
Hamilton Bay Apartments
Apartments
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Mar. 31, 2012
Hamilton Bay Apartments
Apartments
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Mar. 31, 2013
Hamilton Bay Sales
sqft
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Mar. 31, 2012
Hamilton Bay Sales
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sqft
Oct. 03, 2005
Hamilton Bay Sales
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Mar. 31, 2013
Hamilton Bay Sales
NERA 50%
Mar. 31, 2012
Hamilton Bay Sales
NERA 50%
Mar. 31, 2013
Hamilton Bay Sales
Apartments
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Mar. 31, 2012
Hamilton Bay Sales
Apartments
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Mar. 31, 2013
Hamilton Minuteman
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Mar. 31, 2012
Hamilton Minuteman
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Sep. 30, 2004
Hamilton Minuteman
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Mar. 31, 2013
Hamilton Minuteman
NERA 50%
Mar. 31, 2012
Hamilton Minuteman
NERA 50%
Mar. 31, 2013
Hamilton Minuteman
Apartments
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Mar. 31, 2012
Hamilton Minuteman
Apartments
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Mar. 31, 2013
Hamilton on Main
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Mar. 31, 2012
Hamilton on Main
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May 31, 2008
Hamilton on Main
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Aug. 31, 2004
Hamilton on Main
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Mar. 31, 2013
Hamilton on Main
NERA 50%
Mar. 31, 2012
Hamilton on Main
NERA 50%
Mar. 31, 2013
Hamilton on Main
Apartments
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Mar. 31, 2012
Hamilton on Main
Apartments
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Mar. 31, 2013
Dexter Park
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Mar. 31, 2012
Dexter Park
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Oct. 28, 2009
Dexter Park
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Mar. 31, 2013
Dexter Park
NERA 40%
Mar. 31, 2012
Dexter Park
NERA 40%
Mar. 31, 2013
Dexter Park
Apartments
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Mar. 31, 2012
Dexter Park
Apartments
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Mar. 31, 2013
Total
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Mar. 31, 2012
Total
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Mar. 31, 2013
Total
NERA 50%
Mar. 31, 2012
Total
NERA 50%
Mar. 31, 2013
Total
NERA 40%
Mar. 31, 2012
Total
NERA 40%
Mar. 31, 2013
Total
Apartments
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Mar. 31, 2012
Total
Apartments
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Mar. 31, 2013
Total
Commercial
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Mar. 31, 2012
Total
Commercial
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ASSETS                                                                                                                                                                    
Rental Properties $ 94,756,338 $ 94,973,600       $ 9,015,547 $ 9,356,056             $ 2,609,952 $ 2,612,441         $ 7,788,886 $ 8,130,633           $ 5,563,140 $ 5,803,255               $ 6,900,646 $ 7,187,774             $ 1,824,421 $ 1,900,710           $ 6,965,331 $ 7,226,200           $ 20,884,885 $ 21,732,865             $ 106,099,815 $ 111,614,723           $ 167,652,622 $ 175,564,657                
Cash & Cash Equivalents 3,379,431 6,981,906   4,578,828 4,050,157 11,201 728             19,577 10,310         25,807 18           7,151 36               20,043 6,335             16,776 14,195           20,106 53,389           125,776 27,052             998,232 925,695           1,244,669 1,037,758                
Rent Receivable 391,760 475,083       39,722 38,562                         251 4,214           5,179 12,710               958 9,517             4,816 662           4,444 802           2,510 8,519             26,486 71,771           84,365 146,757                
Real Estate Tax Escrow 345,585 449,652       49,793 97,575                         45,617 37,805           74,350 66,735               47,332 91,144                           39,197 42,984           72,665 104,274             392,816 532,983           721,770 973,500                
Prepaid Expenses & Other Assets 2,656,323 3,073,890       70,830 79,815             202 197         102,039 85,712           36,541 91,752               16,689 98,145             135,511 168,599           48,597 74,321           202,059 256,429             1,429,338 1,240,741           2,041,805 2,095,713                
Financing & Leasing Fees 1,239,526 1,135,936       59,745 68,301             2,703 4,367         21,122 14,288           18,389 23,415               24,652 31,014             4,239 5,303           14,958 18,926           12,865 19,727             384,849 444,166           543,522 629,507                
Total Assets 116,573,516 121,538,490       9,246,838 9,641,037             2,632,434 2,627,315         7,983,722 8,272,669           5,704,750 5,997,904               7,010,321 7,423,929             1,985,762 2,089,470           7,092,631 7,416,622           21,300,760 22,148,866             109,331,535 114,830,078           172,288,753 180,447,892                
LIABILITIES AND PARTNERS' CAPITAL                                                                                                                                                                    
Mortgage Notes Payable 133,867,404 138,055,522 139,691,783     8,321,852 8,434,538             2,080,281 2,131,893         6,806,096 6,977,967           4,917,835 4,980,237               4,685,952 4,745,604             1,668,000 1,668,000           5,414,951 5,483,296           15,536,345 15,818,388             88,300,726 89,451,858           137,732,039 139,691,783                
Accounts Payable & Accrued Expense 1,966,494 2,361,942       39,583 48,138             6,605 5,459         139,062 74,832           50,520 49,511               25,619 31,671             24,837 23,664           70,985 138,907           200,054 210,546             868,482 935,504           1,425,738 1,518,234                
Advance Rental Pmts & Security Deposits 3,728,455 3,636,704       160,144 144,534                         162,681 127,574           83,076 76,067               81,290 88,727             25,592 18,342           69,598 65,361           275,348 249,290             1,977,679 1,855,441           2,835,409 2,625,336                
Total Liabilities 139,562,353 144,054,168       8,521,579 8,627,211             2,086,886 2,137,352         7,107,839 7,180,373           5,051,431 5,105,816               4,792,851 4,866,003             1,718,430 1,710,006           5,555,535 5,687,565           16,011,748 16,278,224             91,146,887 92,242,803           141,993,186 143,835,352                
Partners' Capital (22,988,837) (22,515,678)   (21,670,033) (21,310,852) 725,259 1,013,827             545,549 489,963         875,883 1,092,296           653,319 892,089               2,217,470 2,557,926             267,333 379,464           1,537,096 1,729,057           5,289,012 5,870,642             18,184,648 22,587,275           30,295,567 36,612,540                
Total Liabilities and Partners' Capital 116,573,516 121,538,490       9,246,838 9,641,037             2,632,434 2,627,315         7,983,722 8,272,669           5,704,750 5,997,904               7,010,321 7,423,929             1,985,762 2,089,470           7,092,631 7,416,622           21,300,760 22,148,866             109,331,535 114,830,078           172,288,753 180,447,892                
Share of partners capital in investments               $ 362,629 $ 506,913             $ 272,774 $ 244,982           $ 437,941 $ 546,148           $ 326,659 $ 446,044                 $ 133,666 $ 189,372           $ 1,108,735 $ 1,278,963           $ 768,548 $ 864,529             $ 2,644,506 $ 2,935,321           $ 7,273,859 $ 9,034,910     $ 13,329,319 $ 16,047,542 $ 6,055,460 $ 7,012,632 $ 7,273,859 $ 9,034,910        
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% 40.00%         50.00% 50.00% 40.00% 40.00%        
Total units/ condominiums                                                                                                                                                                    
Total           49 49     48 48 1 1 1 1     1 1 40 40 40     40 40 176 176 176     175 175 1 1 48 48 20       48 48 120 120 168     120 120 42 42 42     42 42 148 148   280     148 148 409 409 409     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   15                       42 42           148 148             409 409           786 786                
Units to be sold                                                     127 127                                                                                         247 247                
Units sold 0                                                   127 127 127                             105 105                             137                         232 232                
Unsold units                                                                                       15 15                                                       15 15                
Units unsold with deposits for future sale                                                                         0