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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Hamilton Essex 81
Jun. 30, 2013
Hamilton Essex 81
Jun. 30, 2014
Hamilton Essex 81
Jun. 30, 2013
Hamilton Essex 81
Jun. 30, 2014
Hamilton Essex 81
NERA 50%
Jun. 30, 2013
Hamilton Essex 81
NERA 50%
Jun. 30, 2014
Hamilton Essex 81
NERA 50%
Jun. 30, 2013
Hamilton Essex 81
NERA 50%
Jun. 30, 2014
Hamilton Essex Development
Jun. 30, 2013
Hamilton Essex Development
Jun. 30, 2014
Hamilton Essex Development
Jun. 30, 2013
Hamilton Essex Development
Jun. 30, 2014
Hamilton Essex Development
NERA 50%
Jun. 30, 2013
Hamilton Essex Development
NERA 50%
Jun. 30, 2014
Hamilton Essex Development
NERA 50%
Jun. 30, 2013
Hamilton Essex Development
NERA 50%
Jun. 30, 2014
345 Franklin
Jun. 30, 2013
345 Franklin
Jun. 30, 2014
345 Franklin
Jun. 30, 2013
345 Franklin
Nov. 30, 2001
345 Franklin
Jun. 30, 2014
345 Franklin
NERA 50%
Jun. 30, 2013
345 Franklin
NERA 50%
Jun. 30, 2014
345 Franklin
NERA 50%
Jun. 30, 2013
345 Franklin
NERA 50%
Jun. 30, 2014
Hamilton 1025
Jun. 30, 2013
Hamilton 1025
Jun. 30, 2014
Hamilton 1025
Jun. 30, 2013
Hamilton 1025
Mar. 02, 2005
Hamilton 1025
Jun. 30, 2014
Hamilton 1025
NERA 50%
Jun. 30, 2013
Hamilton 1025
NERA 50%
Jun. 30, 2014
Hamilton 1025
NERA 50%
Jun. 30, 2013
Hamilton 1025
NERA 50%
Jun. 30, 2014
Hamilton Bay Sales
Jun. 30, 2013
Hamilton Bay Sales
Jun. 30, 2014
Hamilton Bay Sales
Jun. 30, 2013
Hamilton Bay Sales
Jun. 30, 2014
Hamilton Bay Sales
NERA 50%
Jun. 30, 2013
Hamilton Bay Sales
NERA 50%
Jun. 30, 2014
Hamilton Bay Sales
NERA 50%
Jun. 30, 2013
Hamilton Bay Sales
NERA 50%
Jun. 30, 2014
Hamilton Bay Apartments
Jun. 30, 2013
Hamilton Bay Apartments
Jun. 30, 2014
Hamilton Bay Apartments
Jun. 30, 2013
Hamilton Bay Apartments
Oct. 03, 2005
Hamilton Bay Apartments
Jun. 30, 2014
Hamilton Bay Apartments
NERA 50%
Jun. 30, 2013
Hamilton Bay Apartments
NERA 50%
Jun. 30, 2014
Hamilton Bay Apartments
NERA 50%
Jun. 30, 2013
Hamilton Bay Apartments
NERA 50%
Jun. 30, 2014
Hamilton Minuteman
Jun. 30, 2013
Hamilton Minuteman
Jun. 30, 2014
Hamilton Minuteman
Jun. 30, 2013
Hamilton Minuteman
Sep. 30, 2004
Hamilton Minuteman
Jun. 30, 2014
Hamilton Minuteman
NERA 50%
Jun. 30, 2013
Hamilton Minuteman
NERA 50%
Jun. 30, 2014
Hamilton Minuteman
NERA 50%
Jun. 30, 2013
Hamilton Minuteman
NERA 50%
Jun. 30, 2014
Hamilton on Main
Jun. 30, 2013
Hamilton on Main
Jun. 30, 2014
Hamilton on Main
Jun. 30, 2013
Hamilton on Main
Aug. 31, 2004
Hamilton on Main
Jun. 30, 2014
Hamilton on Main
NERA 50%
Jun. 30, 2013
Hamilton on Main
NERA 50%
Jun. 30, 2014
Hamilton on Main
NERA 50%
Jun. 30, 2013
Hamilton on Main
NERA 50%
Jun. 30, 2014
Dexter Park
Jun. 30, 2013
Dexter Park
Jun. 30, 2014
Dexter Park
Jun. 30, 2013
Dexter Park
Oct. 28, 2009
Dexter Park
Jun. 30, 2014
Dexter Park
NERA 40%
Jun. 30, 2013
Dexter Park
NERA 40%
Jun. 30, 2014
Dexter Park
NERA 40%
Jun. 30, 2013
Dexter Park
NERA 40%
Jun. 30, 2014
Total
Jun. 30, 2013
Total
Jun. 30, 2014
Total
Jun. 30, 2013
Total
Jun. 30, 2014
Total
NERA 50%
Jun. 30, 2013
Total
NERA 50%
Jun. 30, 2014
Total
NERA 50%
Jun. 30, 2013
Total
NERA 50%
Jun. 30, 2014
Total
NERA 40%
Jun. 30, 2013
Total
NERA 40%
Jun. 30, 2014
Total
NERA 40%
Jun. 30, 2013
Total
NERA 40%
Revenues                                                                                                                                                                                            
Rental income $ 10,439,568 $ 8,904,762 $ 20,954,287 $ 17,828,769 $ 341,387 $ 335,464 $ 670,157 $ 663,919         $ 73,236 $ 71,896 $ 146,472 $ 143,792         $ 330,748 $ 311,745 $ 658,488 $ 616,034           $ 216,294 $ 221,666 $ 447,481 $ 441,883           $ 43,923 $ 61,864 $ 106,721 $ 121,472         $ 223,212 $ 222,162 $ 462,103 $ 441,443           $ 232,870 $ 216,932 $ 456,812 $ 432,789           $ 722,682 $ 676,242 $ 1,440,362 $ 1,353,188           $ 3,352,710 $ 3,171,661 $ 6,709,764 $ 6,331,670           $ 5,537,062 $ 5,289,632 $ 11,098,360 $ 10,546,190                
Laundry and sundry income 120,967 98,000 224,177 193,686 4,200 5,151 8,120 8,997                         657 1,288 235 1,933                                                               (2) 464 168 675           9,692 7,510 19,148 17,281           23,213 24,997 48,593 46,429           37,761 39,410 76,262 75,315                
Total Revenues 10,560,535 9,002,762 21,178,464 18,022,455 345,587 340,615 678,277 672,916         73,236 71,896 146,472 143,792         331,406 313,033 658,723 617,967           216,294 221,666 447,481 441,883           43,923 61,864 106,721 121,472         223,212 222,162 462,103 441,443           232,869 217,396 456,980 433,464           732,375 683,752 1,459,510 1,370,469           3,375,923 3,196,658 6,758,357 6,378,099           5,574,823 5,329,042 11,174,622 10,621,505                
Expenses                                                                                                                                                                                            
Administrative 568,915 697,238 1,099,482 1,149,855 13,963 6,074 17,141 9,928         513 386 830 703         13,038 8,699 19,861 14,431           2,193 2,124 4,161 3,805           1,969 2,813 2,674 3,586         5,732 3,669 10,577 7,551           2,440 2,042 5,443 2,465           21,277 9,769 30,762 18,408           62,450 66,845 116,993 113,724           123,574 102,421 208,441 174,601                
Depreciation and amortization 2,747,467 1,479,860 5,471,646 2,933,991 108,267 106,494 216,170 212,066         2,823 2,245 5,644 4,488         100,379 110,055 200,104 215,739           60,167 60,128 120,320 120,215           19,175 20,035 38,350 41,098         79,383 76,840 158,697 153,638           79,852 79,225 159,254 157,933           237,117 244,233 473,132 488,767           1,348,640 1,440,022 2,694,103 2,878,479           2,035,802 2,139,277 4,065,772 4,272,423                
Management fees         15,829 13,762 29,105 26,015         2,929 2,876 5,859 5,752         14,839 12,707 28,505 25,782           9,412 9,227 18,643 18,186           1,891 2,649 4,275 4,987         9,140 9,422 18,600 17,887           9,643 8,538 18,953 17,076           29,557 28,298 57,820 57,339           76,544 68,497 148,442 133,507           169,784 155,976 330,201 306,531                
Operating 1,020,323 814,609 2,702,257 2,246,784 23,995 28,483 68,967 63,549                         7,770 14,190 32,593 40,044           193 452 353 712           355 382 605 1,962         580 195 1,039 617           11,248 18,737 44,102 41,947           64,310 77,185 206,470 191,181           248,068 235,835 736,853 564,660           356,520 375,459 1,090,983 904,672                
Renting 108,612 26,815 145,469 56,666 10,850 200 10,967 9,550                         180 23 3,623 1,788           624 3,220 6,376 3,925             1,425 753 1,425         1,550 6,845 5,042 7,250           3,623 1,703 6,088 4,042           11,268 1,994 18,097 3,305           38,946 15,098 57,536 26,654           67,040 30,508 108,481 57,939                
Repairs and maintenance 1,601,307 1,515,934 2,812,456 2,597,213 41,549 41,851 73,827 64,094         3,150 3,150 3,150 3,700         18,595 24,593 30,932 38,179           84,068 81,300 164,511 157,409           23,827 23,216 47,651 45,986         70,304 72,781 143,741 147,694           21,547 15,442 38,434 25,537           99,885 79,801 190,403 165,706           317,690 272,433 514,184 454,017           680,615 614,567 1,206,833 1,102,322                
Taxes and insurance 1,351,043 1,204,862 2,792,153 2,365,792 58,712 55,878 116,996 111,759         14,070 12,209 27,640 24,407         28,555 28,069 58,200 56,255           40,771 38,381 81,375 77,131           10,768 10,389 22,666 20,619         41,247 35,468 82,006 71,147           29,664 31,082 59,236 61,948           95,947 84,473 191,586 169,290           376,140 346,742 757,325 742,955           695,874 642,691 1,397,028 1,335,511                
Total Expenses 7,835,735 6,113,940 15,888,924 12,094,175 273,165 252,742 533,173 496,961         23,485 20,866 43,123 39,050         183,356 198,336 373,817 392,218           197,427 194,832 395,737 381,383           57,984 60,909 116,973 119,663         207,936 205,220 419,702 405,784           158,017 156,769 331,509 310,948           559,361 525,753 1,168,270 1,093,996           2,468,477 2,445,472 5,025,436 4,913,996           4,129,208 4,060,899 8,407,740 8,153,999                
Income Before Other Income and Discontinued Operations 2,724,800 2,888,822 5,289,540 5,928,280 72,422 87,873 145,104 175,955         49,751 51,030 103,349 104,742         148,049 114,697 284,906 225,749           18,867 26,834 51,743 60,500           (14,061) 955 (10,252) 1,809         15,276 16,942 42,401 35,659           74,852 60,627 125,471 122,516           173,013 157,999 291,240 276,473           907,445 751,186 1,732,921 1,464,103           1,445,615 1,268,143 2,766,883 2,467,506                
Other Income (loss)                                                                                                                                                                                            
Interest expense (2,380,896) (1,762,647) (4,767,062) (3,603,716) (120,829) (122,047) (240,198) (243,202)         (13,977) (14,668) (27,896) (29,266)         (97,821) (138,605) (195,574) (257,547)           (70,070) (70,998) (139,629) (141,481)           (205) (24,507) (399) (48,689)         (65,868) (66,707) (131,333) (132,973)           (77,061) (78,076) (153,561) (155,538)           (201,634) (205,633) (402,014) (409,587)           (1,237,262) (1,252,195) (2,464,957) (2,495,453)           (1,884,727) (1,973,436) (3,755,560) (3,913,736)                
Interest Income 199 351 382 715                                   15   30           5 2 10 2             41   86                                                                 57   57           5 115 10 175                
Interest Income from Note                                                                             135 911 468 2,007                                                                                 135 911 468 2,007                
Gain on Sale of Real Estate   3,678,779   3,678,779                                                                     248,239   300,522                                                                                   248,239   300,522                  
Other Income (Expenses)                                           (68,588)   (68,588)                                                                                                                       (68,588)   (68,588)                
Total Other Income (loss) (2,443,079) (2,098,628) (5,037,313) (4,256,190) (120,829) (122,047) (240,198) (243,202)         (13,977) (14,668) (27,896) (29,266)         (97,821) (207,178) (195,574) (326,105)           (70,065) (70,996) (139,620) (141,479)           248,169 (23,555) 300,591 (46,596)         (65,868) (66,707) (131,333) (132,973)           (77,061) (78,076) (153,561) (155,538)           (201,634) (205,633) (402,014) (409,587)           (1,237,262) (1,252,138) (2,464,957) (2,495,396)           (1,636,348) (2,040,998) (3,454,561) (3,980,142)                
Net Income 281,721 4,469,116 252,227 5,370,742 (48,407) (34,174) (95,094) (67,247)         35,774 36,362 75,453 75,476         50,228 (92,481) 89,332 (100,356)           (51,198) (44,162) (87,877) (80,979)           234,108 (22,600) 290,339 (44,787)         (50,592) (49,765) (88,932) (97,314)           (2,209) (17,449) (28,090) (33,022)           (28,621) (47,634) (110,774) (133,114)           (329,817) (500,952) (732,036) (1,031,293)           (190,733) (772,855) (687,678) (1,512,636)                
Proportionate share of net loss                 $ (24,203) $ (17,087) $ (47,547) $ (33,624)         $ 17,887 $ 18,181 $ 37,727 $ 37,738           $ 25,114 $ (46,241) $ 44,666 $ (50,178)           $ (25,598) $ (22,081) $ (43,938) $ (40,490)         $ 117,054 $ (11,300) $ 145,170 $ (22,394)           $ (25,296) $ (24,883) $ (44,466) $ (48,657)           $ (1,104) $ (8,725) $ (14,045) $ (16,511)           $ (14,310) $ (23,817) $ (55,386) $ (66,557)           $ (131,927) $ (200,381) $ (292,814) $ (412,517) $ (62,382) $ (336,332) $ (270,633) $ (653,189) $ 69,545 $ (135,952) $ 22,181 $ (240,672) $ (131,927) $ (200,381) $ (292,814) $ (412,517)
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% 40.00%