XML 13 R39.htm IDEA: XBRL DOCUMENT
v2.4.1.9

RENTAL PROPERTIES (Details) (USD $) | 12 Months Ended |
--- | --- | ---
Dec. 31, 2014 | Dec. 31, 2013
Rental properties |  |
Total fixed assets | $ 225,021,946 us-gaap_RealEstateInvestmentPropertyAtCost | $ 221,454,286 us-gaap_RealEstateInvestmentPropertyAtCost
Less: Accumulated depreciation | (75,905,862)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation | (68,549,625)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation
Total fixed assets, net | 149,116,084 us-gaap_RealEstateInvestmentPropertyNet | 152,904,661 us-gaap_RealEstateInvestmentPropertyNet
Land, improvements and parking lots |  |
Rental properties |  |
Total fixed assets | 44,541,471 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = nen_LandAndLandImprovementsAndParkingLotMember | 43,919,728 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = nen_LandAndLandImprovementsAndParkingLotMember
Land, improvements and parking lots | Minimum |  |
Rental properties |  |
Useful Life | 15 years |
Land, improvements and parking lots | Maximum |  |
Rental properties |  |
Useful Life | 40 years |
Buildings and Improvements |  |
Rental properties |  |
Total fixed assets | 153,059,430 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = us-gaap_BuildingAndBuildingImprovementsMember | 152,130,635 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = us-gaap_BuildingAndBuildingImprovementsMember
Buildings and Improvements | Minimum |  |
Rental properties |  |
Useful Life | 15 years |
Buildings and Improvements | Maximum |  |
Rental properties |  |
Useful Life | 40 years |
Kitchen cabinets |  |
Rental properties |  |
Total fixed assets | 6,865,348 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = nen_KitchenCabinetsMember | 5,956,078 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = nen_KitchenCabinetsMember
Kitchen cabinets | Minimum |  |
Rental properties |  |
Useful Life | 5 years |
Kitchen cabinets | Maximum |  |
Rental properties |  |
Useful Life | 10 years |
Carpets |  |
Rental properties |  |
Total fixed assets | 6,341,227 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = nen_CarpetsMember | 5,820,516 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = nen_CarpetsMember
Carpets | Minimum |  |
Rental properties |  |
Useful Life | 5 years |
Carpets | Maximum |  |
Rental properties |  |
Useful Life | 10 years |
Air conditioning |  |
Rental properties |  |
Total fixed assets | 705,116 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = nen_AirConditioningMember | 707,928 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = nen_AirConditioningMember
Air conditioning | Minimum |  |
Rental properties |  |
Useful Life | 5 years |
Air conditioning | Maximum |  |
Rental properties |  |
Useful Life | 10 years |
Laundry equipment |  |
Rental properties |  |
Total fixed assets | 147,721 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = nen_LaundryEquipmentMember | 404,775 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = nen_LaundryEquipmentMember
Laundry equipment | Minimum |  |
Rental properties |  |
Useful Life | 5 years |
Laundry equipment | Maximum |  |
Rental properties |  |
Useful Life | 7 years |
Elevators |  |
Rental properties |  |
Total fixed assets | 1,139,296 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = nen_ElevatorMember | 1,139,296 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = nen_ElevatorMember
Elevators | Minimum |  |
Rental properties |  |
Useful Life | 20 years |
Elevators | Maximum |  |
Rental properties |  |
Useful Life | 40 years |
Swimming pools |  |
Rental properties |  |
Total fixed assets | 444,629 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = nen_SwimmingPoolMember | 444,629 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = nen_SwimmingPoolMember
Swimming pools | Minimum |  |
Rental properties |  |
Useful Life | 10 years |
Swimming pools | Maximum |  |
Rental properties |  |
Useful Life | 30 years |
Equipment |  |
Rental properties |  |
Total fixed assets | 5,491,992 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = us-gaap_EquipmentMember | 5,038,530 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = us-gaap_EquipmentMember
Equipment | Minimum |  |
Rental properties |  |
Useful Life | 5 years |
Equipment | Maximum |  |
Rental properties |  |
Useful Life | 7 years |
Motor vehicles |  |
Rental properties |  |
Total fixed assets | 130,563 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = us-gaap_VehiclesMember | 86,657 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = us-gaap_VehiclesMember
Useful Life | 5 years |
Fences |  |
Rental properties |  |
Total fixed assets | 24,670 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = nen_FenceMember | 24,670 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = nen_FenceMember
Fences | Minimum |  |
Rental properties |  |
Useful Life | 5 years |
Fences | Maximum |  |
Rental properties |  |
Useful Life | 15 years |
Furniture and fixtures |  |
Rental properties |  |
Total fixed assets | 5,910,046 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = us-gaap_FurnitureAndFixturesMember | 5,564,621 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = us-gaap_FurnitureAndFixturesMember
Furniture and fixtures | Minimum |  |
Rental properties |  |
Useful Life | 5 years |
Furniture and fixtures | Maximum |  |
Rental properties |  |
Useful Life | 7 years |
Smoke alarms |  |
Rental properties |  |
Total fixed assets | $ 220,437 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = nen_SmokeAlarmMember | $ 216,223 us-gaap_RealEstateInvestmentPropertyAtCost / us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis = nen_SmokeAlarmMember
Smoke alarms | Minimum |  |
Rental properties |  |
Useful Life | 5 years |
Smoke alarms | Maximum |  |
Rental properties |  |
Useful Life | 7 years |
Residential and mixed-use properties |  |
RENTAL PROPERTIES |  |
Number of units | 2,412 us-gaap_NumberOfUnitsInRealEstateProperty / us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis = nen_ResidentialAndMixedUseRealEstateMember |
Number of properties | 20 us-gaap_NumberOfRealEstateProperties / us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis = nen_ResidentialAndMixedUseRealEstateMember |
Residential and mixed-use properties | Partially owned properties |  |
RENTAL PROPERTIES |  |
Number of units | 790 us-gaap_NumberOfUnitsInRealEstateProperty / us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis = nen_ResidentialAndMixedUseRealEstateMember / us-gaap_RealEstatePropertiesAxis = us-gaap_PartiallyOwnedPropertiesMember |
Number of properties | 9 us-gaap_NumberOfRealEstateProperties / us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis = nen_ResidentialAndMixedUseRealEstateMember / us-gaap_RealEstatePropertiesAxis = us-gaap_PartiallyOwnedPropertiesMember |
Residential and mixed-use properties | Partially owned properties | Minimum |  |
RENTAL PROPERTIES |  |
Percentage of ownership interest | 40.00%us-gaap_EquityMethodInvestmentOwnershipPercentage / us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis = nen_ResidentialAndMixedUseRealEstateMember / us-gaap_RangeAxis = us-gaap_MinimumMember / us-gaap_RealEstatePropertiesAxis = us-gaap_PartiallyOwnedPropertiesMember |
Residential and mixed-use properties | Partially owned properties | Maximum |  |
RENTAL PROPERTIES |  |
Percentage of ownership interest | 50.00%us-gaap_EquityMethodInvestmentOwnershipPercentage / us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis = nen_ResidentialAndMixedUseRealEstateMember / us-gaap_RangeAxis = us-gaap_MaximumMember / us-gaap_RealEstatePropertiesAxis = us-gaap_PartiallyOwnedPropertiesMember | 50.00%us-gaap_EquityMethodInvestmentOwnershipPercentage / us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis = nen_ResidentialAndMixedUseRealEstateMember / us-gaap_RangeAxis = us-gaap_MaximumMember / us-gaap_RealEstatePropertiesAxis = us-gaap_PartiallyOwnedPropertiesMember

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- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 + Details
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