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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details 2) - 10Q (USD $)
Sep. 30, 2014
Dec. 31, 2013
Sep. 30, 2013
Dec. 31, 2012
Sep. 30, 2014
Limited Partnerships
Sep. 30, 2013
Limited Partnerships
Sep. 30, 2014
Limited Partnerships
NERA 50%
Sep. 30, 2013
Limited Partnerships
NERA 50%
Sep. 30, 2014
Limited Partnerships
NERA 40%
Sep. 30, 2013
Hamilton Essex 81
item
Mar. 07, 2005
Hamilton Essex 81
item
Sep. 30, 2014
Hamilton Essex 81
NERA 50%
item
Sep. 30, 2013
Hamilton Essex 81
NERA 50%
Sep. 30, 2013
Hamilton Essex 81
Residential buildings
item
Sep. 30, 2014
Hamilton Essex 81
Residential buildings
NERA 50%
item
Sep. 30, 2013
Hamilton Essex 81
Commercial
item
Sep. 30, 2014
Hamilton Essex 81
Commercial
NERA 50%
item
Sep. 30, 2013
Hamilton Essex Development
item
Sep. 30, 2014
Hamilton Essex Development
NERA 50%
item
Sep. 30, 2013
Hamilton Essex Development
NERA 50%
Sep. 30, 2013
Hamilton Essex Development
Commercial
item
Sep. 30, 2014
Hamilton Essex Development
Commercial
NERA 50%
item
Sep. 30, 2013
345 Franklin
item
Nov. 30, 2001
345 Franklin
item
Sep. 30, 2014
345 Franklin
NERA 50%
item
Sep. 30, 2013
345 Franklin
NERA 50%
Sep. 30, 2013
345 Franklin
Residential buildings
item
Sep. 30, 2014
345 Franklin
Residential buildings
NERA 50%
item
Sep. 30, 2013
Hamilton 1025
item
Mar. 02, 2005
Hamilton 1025
item
Sep. 30, 2014
Hamilton 1025
NERA 50%
item
Sep. 30, 2013
Hamilton 1025
NERA 50%
Sep. 30, 2013
Hamilton 1025
Residential buildings
item
Sep. 30, 2014
Hamilton 1025
Residential buildings
NERA 50%
item
Sep. 30, 2013
Hamilton 1025
Commercial
item
Sep. 30, 2014
Hamilton 1025
Commercial
NERA 50%
item
Sep. 30, 2013
Hamilton Bay Sales
item
Sep. 30, 2014
Hamilton Bay Sales
NERA 50%
item
Sep. 30, 2013
Hamilton Bay Sales
NERA 50%
Sep. 30, 2013
Hamilton Bay Sales
Residential buildings
item
Sep. 30, 2014
Hamilton Bay Sales
Residential buildings
NERA 50%
item
Sep. 30, 2013
Hamilton Bay Apartments
item
Oct. 03, 2005
Hamilton Bay Apartments
item
Sep. 30, 2014
Hamilton Bay Apartments
NERA 50%
item
Sep. 30, 2013
Hamilton Bay Apartments
NERA 50%
Sep. 30, 2013
Hamilton Bay Apartments
Residential buildings
item
Sep. 30, 2014
Hamilton Bay Apartments
Residential buildings
NERA 50%
item
Sep. 30, 2013
Hamilton Minuteman
item
Sep. 30, 2004
Hamilton Minuteman
item
Sep. 30, 2014
Hamilton Minuteman
NERA 50%
item
Sep. 30, 2013
Hamilton Minuteman
NERA 50%
Sep. 30, 2013
Hamilton Minuteman
Residential buildings
item
Sep. 30, 2014
Hamilton Minuteman
Residential buildings
NERA 50%
item
Sep. 30, 2013
Hamilton on Main Apts
item
May 31, 2008
Hamilton on Main Apts
item
Aug. 31, 2004
Hamilton on Main Apts
item
Sep. 30, 2014
Hamilton on Main Apts
NERA 50%
item
Sep. 30, 2013
Hamilton on Main Apts
NERA 50%
Sep. 30, 2013
Hamilton on Main Apts
Residential buildings
item
Sep. 30, 2014
Hamilton on Main Apts
Residential buildings
NERA 50%
item
Sep. 30, 2013
Dexter Park
item
Oct. 28, 2008
Dexter Park
item
Sep. 30, 2014
Dexter Park
NERA 40%
item
Sep. 30, 2013
Dexter Park
NERA 40%
Sep. 30, 2013
Dexter Park
Residential buildings
item
Sep. 30, 2014
Dexter Park
Residential buildings
NERA 40%
item
Sep. 30, 2014
Total
item
Sep. 30, 2013
Total
item
Sep. 30, 2013
Total
NERA 40%
Sep. 30, 2014
Total
Residential buildings
item
Sep. 30, 2013
Total
Residential buildings
item
Sep. 30, 2014
Total
Commercial
item
Sep. 30, 2013
Total
Commercial
item
ASSETS                                                                                                                                                  
Rental Properties $ 149,759,026 $ 152,904,661               $ 8,855,213   $ 8,619,846           $ 2,617,557 $ 2,622,203       $ 7,596,004   $ 7,230,839       $ 5,448,764   $ 5,215,054           $ 1,785,933 $ 1,011,453       $ 6,752,521   $ 6,473,921       $ 6,851,307   $ 6,628,931       $ 20,455,309     $ 19,644,258       $ 103,516,956   $ 98,343,487       $ 155,789,992 $ 163,879,564          
Cash & Cash Equivalents 13,744,651 14,013,380 5,259,049 6,981,906           18,578   28,937           24,337 149,705       15,400   203,001       743   7,697           901 741,509       14,460   4,188       60,794   111,378       15,593     2,404,047       919,270   1,231,163       4,881,625 1,070,076          
Rent Receivable 568,560 496,149               25,174   17,700                     3,684   1,703       5,841   14,718           4,019 3,049       10,560   1,102           2,326       8,402     9,845       72,166   149,200       199,643 129,846          
Real Estate Tax Escrow 304,398 375,560               92,679   98,555                     39,518   41,934       77,637   71,690                     51,134   43,591       38,025   40,212       70,460     52,130       417,391   356,155       704,267 786,844          
Prepaid Expenses & Other Assets 3,364,841 3,895,189               89,720   95,311           889 895       43,130   50,550       46,234   44,962           113,082 27,327       28,815   44,461       51,583   44,558       306,657     96,377       1,532,522   1,657,149       2,061,590 2,212,632          
Financing & Leasing Fees 1,775,187 1,635,076               51,002   33,515           9,067 7,753       98,212   91,554       15,876   10,849                     21,472   15,110       12,973   9,005       9,435     159,175       355,190   295,874       622,835 573,227          
Total Assets 178,859,756 185,345,157               9,132,366   8,893,864           2,651,850 2,780,556       7,795,948   7,619,581       5,595,095   5,364,970           1,903,935 1,783,338       6,878,962   6,582,373       7,014,682   6,836,410       20,865,856     22,365,832       106,813,495   102,033,028       164,259,952 168,652,189          
LIABILITIES AND PARTNERS' CAPITAL                                                                                                                                                  
Mortgage Notes Payable 196,103,164 198,520,478               8,263,635   8,140,592           2,054,475 2,001,159       10,000,000   10,000,000       4,885,643   4,823,762           1,318,000         4,655,194   4,590,276       5,379,695   5,311,923       15,390,766     16,900,000       87,707,013   86,566,934       138,334,646 139,654,421          
Accounts Payable and Accrued Expenses 2,908,670 3,178,495               50,122   150,481           5,642 55,616       76,207   172,833       52,855   27,905           21,118 724,100       8,792   16,076       77,740   123,765       188,156     2,142,549       1,037,568   931,507       4,344,832 1,518,200          
Advance Rental Payments and Security Deposits 4,350,638 4,242,401               160,109   174,103                     162,242   197,412       86,196   103,182           26,410 13,487       89,430   88,756       73,462   95,052       276,764     301,976       2,107,529   2,205,078       3,179,046 2,982,142          
Total Liabilities 204,737,804 207,193,720               8,473,866   8,465,176           2,060,117 2,056,775       10,238,449   10,370,245       5,024,694   4,954,849           1,365,528 737,587       4,753,416   4,695,108       5,530,897   5,530,740       15,855,686     19,344,525       90,852,110   89,703,519       145,858,524 144,154,763          
Partners' Capital (25,878,048) (21,848,563) (21,121,940) (22,515,677)           658,500   428,688           591,733 723,781       (2,442,501)   (2,750,664)       570,401   410,121           538,407 1,045,751       2,125,546   1,887,265       1,483,785   1,305,670       5,010,170     3,021,307       15,961,385   12,329,509       18,401,428 24,497,427          
Total Liabilities and Partners' Capital 178,859,756 185,345,157               9,132,366   8,893,864           2,651,850 2,780,556       7,795,948   7,619,581       5,595,095   5,364,970           1,903,935 1,783,338       6,878,962   6,582,373       7,014,682   6,836,410       20,865,856     22,365,832       106,813,495   102,033,028       164,259,952 168,652,189          
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%                  
Investment in Unconsolidated Joint Ventures 9,343,093 12,025,142     9,343,093   4,411,292 5,489,273 4,931,804     214,344 329,250           361,891 295,867       1,533,000           2,352,000 205,061 285,201           522,876 269,204       2,500,000 943,633 1,062,773       5,075,000 652,833 741,893         8,000,000 1,510,654 2,505,085     6,384,554 15,925,000 4,931,804         11,873,825 6,384,554        
Distribution and Loss in Excess of Investment in Unconsolidated Joint Venture (1,375,332) (1,252,346)                                             (1,375,332) (1,221,250)                                                                                 (1,375,332)            
Total Investment in Unconsolidated Joint Ventures (Net)           $ 10,652,575                                                                                                                         $ 7,967,761            
Total units/ condominiums                                                                                                                                                  
Total                   49 48 49   48 48 1 1 1 1   1 1 40 40 40   40 40 176 176 176   175 175 1 1 120 120   120 120 48 168 48   48 48 42 42 42   42 42 148   280 148   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 48       42   42       148     148       409   409       786 786          
Units to be sold                                                         127   127           120 120                                                         247 247          
Units sold                                                         127 127 127           105 111         120                       137                       238 232          
Unsold units                                                                         15 9                                                         9 15