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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details 3) (USD $)
3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Hamilton Essex 81
Mar. 31, 2012
Hamilton Essex 81
Mar. 31, 2013
Hamilton Essex 81
NERA 50%
Mar. 31, 2012
Hamilton Essex 81
NERA 50%
Mar. 31, 2013
Hamilton Essex Development
Mar. 31, 2012
Hamilton Essex Development
Mar. 31, 2013
Hamilton Essex Development
NERA 50%
Mar. 31, 2012
Hamilton Essex Development
NERA 50%
Mar. 31, 2013
345 Franklin
Mar. 31, 2012
345 Franklin
Nov. 30, 2001
345 Franklin
Mar. 31, 2013
345 Franklin
NERA 50%
Mar. 31, 2012
345 Franklin
NERA 50%
Mar. 31, 2013
Hamilton 1025
Mar. 31, 2012
Hamilton 1025
Mar. 02, 2005
Hamilton 1025
Mar. 31, 2013
Hamilton 1025
NERA 50%
Mar. 31, 2012
Hamilton 1025
NERA 50%
Mar. 31, 2013
Hamilton Bay Apartments
Mar. 31, 2012
Hamilton Bay Apartments
Mar. 31, 2013
Hamilton Bay Apartments
NERA 50%
Mar. 31, 2012
Hamilton Bay Apartments
NERA 50%
Mar. 31, 2013
Hamilton Bay Sales
Mar. 31, 2012
Hamilton Bay Sales
Oct. 03, 2005
Hamilton Bay Sales
Mar. 31, 2013
Hamilton Bay Sales
NERA 50%
Mar. 31, 2012
Hamilton Bay Sales
NERA 50%
Mar. 31, 2013
Hamilton Minuteman
Mar. 31, 2012
Hamilton Minuteman
Sep. 30, 2004
Hamilton Minuteman
Mar. 31, 2013
Hamilton Minuteman
NERA 50%
Mar. 31, 2012
Hamilton Minuteman
NERA 50%
Mar. 31, 2013
Hamilton on Main
Mar. 31, 2012
Hamilton on Main
Aug. 31, 2004
Hamilton on Main
Mar. 31, 2013
Hamilton on Main
NERA 50%
Mar. 31, 2012
Hamilton on Main
NERA 50%
Mar. 31, 2013
Dexter Park
Mar. 31, 2012
Dexter Park
Oct. 28, 2009
Dexter Park
Mar. 31, 2013
Dexter Park
NERA 40%
Mar. 31, 2012
Dexter Park
NERA 40%
Mar. 31, 2013
Total
Mar. 31, 2012
Total
Mar. 31, 2013
Total
NERA 50%
Mar. 31, 2012
Total
NERA 50%
Mar. 31, 2013
Total
NERA 40%
Mar. 31, 2012
Total
NERA 40%
Revenues                                                                                                    
Rental income $ 8,924,007 $ 8,640,863 $ 328,455 $ 292,493     $ 71,896 $ 72,046     $ 304,290 $ 291,651       $ 220,217 $ 210,028       $ 219,281 $ 219,663     $ 59,608 $ 51,478       $ 215,857 $ 196,703       $ 676,946 $ 647,884       $ 3,160,009 $ 3,011,578       $ 5,256,558 $ 4,993,524        
Laundry and sundry income 95,686 92,139 3,846 3,533             645 588                                   211 408       9,771 5,363       21,432 22,500       35,906 32,392        
Total Revenues 9,019,693 8,733,002 332,301 296,026     71,896 72,046     304,935 292,239       220,217 210,028       219,281 219,663     59,608 51,478       216,068 197,111       686,717 653,246       3,181,441 3,034,078       5,292,464 5,025,915        
Expenses                                                                                                    
Administrative 452,619 485,493 3,854 3,275     317 567     5,732 6,505       1,681 291       3,881 8,360     773 2,207       423 950       8,639 13,795       46,878 42,862       72,180 78,811        
Depreciation and amortization 1,454,131 1,495,048 105,572 103,123     2,244 3,242     105,684 109,982       60,087 63,117       76,798 74,364     21,063 19,736       78,708 78,933       244,534 236,657       1,438,457 1,432,044       2,133,146 2,121,198        
Management fees     12,252 12,818     2,876 2,882     13,075 12,002       8,959 8,552       8,464 8,393     2,338 2,050       8,537 8,038       29,041 25,509       65,010 63,261       150,552 143,505        
Operating 1,432,175 1,225,750 35,066 30,322             25,853 15,144       260 66       422 688     1,579 671       23,211 24,707       113,996 104,387       328,825 303,347       529,212 479,331        
Renting 29,851 46,383 9,350 1,940             1,766 139       705 1,669       405 894       915       2,338 910       1,312 2,024       11,555 30,991       27,431 39,483        
Repairs and maintenance 1,081,279 1,052,344 22,243 22,552     550 375     13,586 15,845       76,109 69,794       74,913 64,381     22,770 16,767       10,096 11,976       85,905 94,359       181,585 144,769       487,758 440,817        
Taxes and insurance 1,160,930 1,130,192 55,882 50,186     12,199 12,342     28,186 25,265       38,750 36,921       35,679 40,775     10,230 11,642       30,866 25,410       84,817 85,124       396,213 380,130       692,822 667,794        
Total Expenses 5,980,237 5,782,391 244,219 224,216     18,186 19,408     193,881 184,879       186,552 180,410       200,564 197,856     58,754 53,988       154,179 150,925       568,243 561,854       2,468,523 2,397,403       4,093,100 3,970,939        
Income Before Other Income and Discontinued Operations 3,039,456 2,950,611 88,082 71,810     53,710 52,638     111,054 107,360       33,666 29,618       18,717 21,807     854 (2,510)       61,889 46,186       118,474 91,392       712,917 636,675       1,199,364 1,054,976        
Other Income (loss)                                                                                                    
Interest expense (1,841,069) (1,934,463) (121,155) (124,483)     (14,598) (15,293)     (118,942) (124,599)       (70,483) (72,020)       (66,267) (67,690)     (24,182) (24,426)       (77,462) (79,357)       (203,954) (209,719)       (1,243,258) (1,272,739)       (1,940,300) (1,990,325)        
Interest income 364 638                 12 12       1 20               45 61                                     58 92        
Interest Income from Note                                                 1,096 1,808                                     1,096 1,808        
Total Other Income (loss) (2,157,562) (2,336,942) (121,155) (124,483)     (14,598) (15,293)     (118,929) (124,587)       (70,482) (72,000)       (66,267) (67,690)     (23,041) (22,557)       (77,462) (79,357)       (203,954) (209,719)       (1,243,258) (1,272,739)       (1,939,146) (1,988,425)        
Net Income 901,625 626,953 (33,073) (52,672)     39,112 37,345     (7,876) (17,228)       (36,816) (42,382)       (47,549) (45,882)     (22,187) (25,068)       (15,573) (33,171)       (85,480) (118,326)       (530,341) (636,064)       (739,782) (933,448)        
Proportionate share of net loss $ (316,857) $ (403,118)     $ (16,536) $ (26,336)     $ 19,556 $ 18,672       $ (3,938) $ (8,614)       $ (18,408) $ (21,191)     $ (11,093) $ (12,534)       $ (23,775) $ (22,941)       $ (7,786) $ (16,586)       $ (42,740) $ (59,163)       $ (212,136) $ (254,425)     $ (104,721) $ (148,692) $ (212,136) $ (254,425)
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%