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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Balance Sheet) (Details) | Mar. 31, 2018 USD ($) property item | Dec. 31, 2017 USD ($) item | Mar. 31, 2017 USD ($) item | Oct. 28, 2009 USD ($) item | Oct. 03, 2005 USD ($) item | Mar. 07, 2005 item | Mar. 02, 2005 USD ($) item | Sep. 30, 2004 USD ($) item | Aug. 31, 2004 USD ($) item | Nov. 30, 2001 USD ($) item
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties |  |  | $ 141,066,471 |  |  |  |  |  |  |
Cash & Cash Equivalents |  |  | 2,423,420 |  |  |  |  |  |  |
Rent Receivable |  |  | 203,506 |  |  |  |  |  |  |
Real Estate Tax Escrow |  |  | 656,876 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets |  |  | 2,090,797 |  |  |  |  |  |  |
Total Assets |  |  | 146,441,070 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable |  |  | 125,320,159 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses |  |  | 980,329 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits |  |  | 3,853,054 |  |  |  |  |  |  |
Total Liabilities |  |  | 130,153,542 |  |  |  |  |  |  |
Partners' Capital |  |  | 16,287,528 |  |  |  |  |  |  |
Total Liabilities and Capital |  |  | 146,441,070 |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 6,986,470 | $ 7,212,044 | 9,955,145 |  |  |  |  |  |  |
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture | (2,933,844) | $ (2,806,319) | (2,636,410) |  |  |  |  |  |  |
Total Investment in Unconsolidated Joint Ventures (Net) |  |  | $ 7,318,735 |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 1,033 |  |  |  |  |  |  |
Units to be retained | item |  |  | 690 |  |  |  |  |  |  |
Units to be sold | item |  |  | 343 |  |  |  |  |  |  |
Units sold | item |  |  | 264 |  |  |  |  |  |  |
Unsold units | item |  |  | 79 |  |  |  |  |  |  |
Units unsold with deposits for future sale | item |  |  | 14 |  |  |  |  |  |  |
Residential buildings |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 1,030 |  |  |  |  |  |  |
Commercial |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 3 |  |  |  |  |  |  |
Investment Properties |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | 131,325,750 |  |  |  |  |  |  |  |  |
Cash & Cash Equivalents | 1,652,736 |  |  |  |  |  |  |  |  |
Rent Receivable | 410,459 |  |  |  |  |  |  |  |  |
Real Estate Tax Escrow | 665,426 |  |  |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 4,193,283 |  |  |  |  |  |  |  |  |
Total Assets | 138,247,654 |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 123,720,733 |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 1,042,477 |  |  |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 3,652,076 |  |  |  |  |  |  |  |  |
Total Liabilities | 128,415,286 |  |  |  |  |  |  |  |  |
Partners' Capital | 9,831,368 |  |  |  |  |  |  |  |  |
Total Liabilities and Capital | 138,246,654 |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | 6,986,470 |  |  |  |  |  |  |  |  |
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture | (2,933,844) |  |  |  |  |  |  |  |  |
Total Investment in Unconsolidated Joint Ventures (Net) | $ 4,052,626 |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 1,033 |  |  |  |  |  |  |  |  |
Units to be retained | property | 690 |  |  |  |  |  |  |  |  |
Units to be sold | property | 343 |  |  |  |  |  |  |  |  |
Units sold | property | 205 |  |  |  |  |  |  |  |  |
Unsold units | property | 18 |  |  |  |  |  |  |  |  |
Units unsold with deposits for future sale | property | 6 |  |  |  |  |  |  |  |  |
Investment Properties | Residential buildings |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 1,030 |  |  |  |  |  |  |  |  |
Investment Properties | Commercial |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 3 |  |  |  |  |  |  |  |  |
Hamilton Essex 81 |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties |  |  | $ 7,907,838 |  |  |  |  |  |  |
Cash & Cash Equivalents |  |  | 158,945 |  |  |  |  |  |  |
Rent Receivable |  |  | 17,373 |  |  |  |  |  |  |
Real Estate Tax Escrow |  |  | 119,722 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets |  |  | 96,193 |  |  |  |  |  |  |
Total Assets |  |  | 8,300,071 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | $ 9,896,582 |  | 9,882,793 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses |  |  | 48,972 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits |  |  | 232,421 |  |  |  |  |  |  |
Total Liabilities |  |  | 10,164,186 |  |  |  |  |  |  |
Partners' Capital |  |  | (1,864,115) |  |  |  |  |  |  |
Total Liabilities and Capital |  |  | $ 8,300,071 |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  | 50.00% |  |  |  |  |  |  |
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture |  |  | $ (932,058) |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 49 |  |  | 48 |  |  |  |
Units to be retained | item |  |  | 49 |  |  |  |  |  |  |
Hamilton Essex 81 | NERA 50% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | 7,515,492 |  |  |  |  |  |  |  |  |
Cash & Cash Equivalents | 148,701 |  |  |  |  |  |  |  |  |
Rent Receivable | 133,580 |  |  |  |  |  |  |  |  |
Real Estate Tax Escrow | 83,760 |  |  |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 80,429 |  |  |  |  |  |  |  |  |
Total Assets | 7,961,962 |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 9,896,582 |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 74,966 |  |  |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 341,039 |  |  |  |  |  |  |  |  |
Total Liabilities | 10,312,587 |  |  |  |  |  |  |  |  |
Partners' Capital | (2,349,625) |  |  |  |  |  |  |  |  |
Total Liabilities and Capital | $ 7,962,962 |  |  |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  |  |  |  |  |  |  |  |
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture | $ (1,174,814) |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 49 |  |  |  |  |  |  |  |  |
Units to be retained | property | 49 |  |  |  |  |  |  |  |  |
Hamilton Essex 81 | Residential buildings |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 48 |  |  |  |  |  |  |
Hamilton Essex 81 | Residential buildings | NERA 50% |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 48 |  |  |  |  |  |  |  |  |
Hamilton Essex 81 | Commercial |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 1 |  |  |  |  |  |  |
Hamilton Essex 81 | Commercial | NERA 50% |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 1 |  |  |  |  |  |  |  |  |
Hamilton Essex Development |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties |  |  | $ 2,622,729 |  |  |  |  |  |  |
Cash & Cash Equivalents |  |  | 50,621 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets |  |  | 246 |  |  |  |  |  |  |
Total Assets |  |  | 2,673,596 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses |  |  | 623 |  |  |  |  |  |  |
Total Liabilities |  |  | 623 |  |  |  |  |  |  |
Partners' Capital |  |  | 2,672,973 |  |  |  |  |  |  |
Total Liabilities and Capital |  |  | $ 2,673,596 |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  | 50.00% |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures |  |  | $ 1,336,486 |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 1 |  |  |  |  |  |  |
Units to be retained | item |  |  | 1 |  |  |  |  |  |  |
Hamilton Essex Development | NERA 50% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | $ 2,597,633 |  |  |  |  |  |  |  |  |
Cash & Cash Equivalents | 50,004 |  |  |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 279 |  |  |  |  |  |  |  |  |
Total Assets | 2,647,916 |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 2,188 |  |  |  |  |  |  |  |  |
Total Liabilities | 2,188 |  |  |  |  |  |  |  |  |
Partners' Capital | 2,645,728 |  |  |  |  |  |  |  |  |
Total Liabilities and Capital | $ 2,647,916 |  |  |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 1,322,863 |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 1 |  |  |  |  |  |  |  |  |
Units to be retained | property | 1 |  |  |  |  |  |  |  |  |
Hamilton Essex Development | Commercial |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 1 |  |  |  |  |  |  |
Hamilton Essex Development | Commercial | NERA 50% |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 1 |  |  |  |  |  |  |  |  |
345 Franklin |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties |  |  | $ 6,542,738 |  |  |  |  |  |  |
Cash & Cash Equivalents |  |  | 70,277 |  |  |  |  |  |  |
Rent Receivable |  |  | 3,496 |  |  |  |  |  |  |
Real Estate Tax Escrow |  |  | 45,948 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets |  |  | 45,250 |  |  |  |  |  |  |
Total Assets |  |  | 6,707,709 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | $ 9,627,636 |  | 9,805,791 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses |  |  | 84,711 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits |  |  | 225,911 |  |  |  |  |  |  |
Total Liabilities |  |  | 10,116,413 |  |  |  |  |  |  |
Partners' Capital |  |  | (3,408,704) |  |  |  |  |  |  |
Total Liabilities and Capital |  |  | $ 6,707,709 |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  | 50.00% |  |  |  |  |  |  | 50.00%
Investment in Unconsolidated Joint Ventures |  |  |  |  |  |  |  |  |  | $ 1,533,000
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture |  |  | $ (1,704,352) |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 40 |  |  |  |  |  |  | 40
Units to be retained | item |  |  | 40 |  |  |  |  |  |  |
345 Franklin | NERA 50% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | 6,242,990 |  |  |  |  |  |  |  |  |
Cash & Cash Equivalents | 123,091 |  |  |  |  |  |  |  |  |
Rent Receivable | 19,937 |  |  |  |  |  |  |  |  |
Real Estate Tax Escrow | 46,751 |  |  |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 50,269 |  |  |  |  |  |  |  |  |
Total Assets | 6,483,038 |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 9,627,636 |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 87,137 |  |  |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 245,550 |  |  |  |  |  |  |  |  |
Total Liabilities | 9,960,323 |  |  |  |  |  |  |  |  |
Partners' Capital | (3,477,285) |  |  |  |  |  |  |  |  |
Total Liabilities and Capital | $ 6,483,038 |  |  |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  |  |  |  |  |  |  |  |
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture | $ (1,738,644) |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 40 |  |  |  |  |  |  |  |  |
Units to be retained | property | 40 |  |  |  |  |  |  |  |  |
345 Franklin | Residential buildings |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 40 |  |  |  |  |  |  |
345 Franklin | Residential buildings | NERA 50% |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 40 |  |  |  |  |  |  |  |  |
Hamilton 1025 |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties |  |  | $ 3,029,735 |  |  |  |  |  |  |
Cash & Cash Equivalents |  |  | 490,522 |  |  |  |  |  |  |
Rent Receivable |  |  | 12,438 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets |  |  | 131,148 |  |  |  |  |  |  |
Total Assets |  |  | 3,663,843 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses |  |  | 15,600 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits |  |  | 49,544 |  |  |  |  |  |  |
Total Liabilities |  |  | 65,144 |  |  |  |  |  |  |
Partners' Capital |  |  | 3,598,699 |  |  |  |  |  |  |
Total Liabilities and Capital |  |  | $ 3,663,843 |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  | 50.00% |  |  |  | 50.00% |  |  |
Investment in Unconsolidated Joint Ventures |  |  | $ 1,799,349 |  |  |  | $ 2,352,000 |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item | 10 |  | 176 |  |  |  | 176 |  |  |
Units to be retained | item |  |  | 0 |  |  |  | (49) |  |  |
Units to be sold | item |  |  | 176 |  |  |  |  |  |  |
Units sold | item | 8 | 20 | 143 |  |  |  | 127 |  |  |
Unsold units | item |  |  | 32 |  |  |  |  |  |  |
Units unsold with deposits for future sale | item |  |  | 4 |  |  |  |  |  |  |
Hamilton 1025 | NERA 50% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | $ 887,890 |  |  |  |  |  |  |  |  |
Cash & Cash Equivalents | 136,822 |  |  |  |  |  |  |  |  |
Rent Receivable | 6,902 |  |  |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 586,555 |  |  |  |  |  |  |  |  |
Total Assets | 1,618,169 |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 8,434 |  |  |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 12,555 |  |  |  |  |  |  |  |  |
Total Liabilities | 20,989 |  |  |  |  |  |  |  |  |
Partners' Capital | 1,597,180 |  |  |  |  |  |  |  |  |
Total Liabilities and Capital | $ 1,618,169 |  |  |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 798,589 |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 176 |  |  |  |  |  |  |  |  |
Units to be sold | property | 175 |  |  |  |  |  |  |  |  |
Units sold | property | 167 |  |  |  |  |  |  |  |  |
Unsold units | property | 8 |  |  |  |  |  |  |  |  |
Units unsold with deposits for future sale | property | 3 |  |  |  |  |  |  |  |  |
Hamilton 1025 | Residential buildings |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 175 |  |  |  |  |  |  |
Hamilton 1025 | Residential buildings | NERA 50% |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 175 |  |  |  |  |  |  |  |  |
Hamilton 1025 | Commercial |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 1 |  |  |  |  |  |  |
Hamilton 1025 | Commercial | NERA 50% |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 1 |  |  |  |  |  |  |  |  |
Hamilton Bay Sales |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties |  |  | $ 145,134 |  |  |  |  |  |  |
Cash & Cash Equivalents |  |  | 88 |  |  |  |  |  |  |
Rent Receivable |  |  | 225 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets |  |  | 16,480 |  |  |  |  |  |  |
Total Assets |  |  | 161,927 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses |  |  | 2,330 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits |  |  | 101 |  |  |  |  |  |  |
Total Liabilities |  |  | 2,431 |  |  |  |  |  |  |
Partners' Capital |  |  | 159,496 |  |  |  |  |  |  |
Total Liabilities and Capital |  |  | $ 161,927 |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  | 50.00% |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures |  |  | $ 79,747 |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 120 |  |  |  |  |  |  |
Units to be sold | item |  |  | 120 |  |  |  |  |  |  |
Units sold | item |  |  | 120 |  |  |  |  |  |  |
Unsold units | item |  |  | 0 |  |  |  |  |  |  |
Hamilton Bay Sales | Residential buildings |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 120 |  |  |  |  |  |  |
Hamilton Bay Apts |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties |  |  | $ 5,848,498 |  |  |  |  |  |  |
Cash & Cash Equivalents |  |  | 17,718 |  |  |  |  |  |  |
Rent Receivable |  |  | 5,844 |  |  |  |  |  |  |
Real Estate Tax Escrow |  |  | 17,849 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets |  |  | 103,595 |  |  |  |  |  |  |
Total Assets |  |  | 5,993,504 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses |  |  | 5,782 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits |  |  | 75,660 |  |  |  |  |  |  |
Total Liabilities |  |  | 81,442 |  |  |  |  |  |  |
Partners' Capital |  |  | 5,912,062 |  |  |  |  |  |  |
Total Liabilities and Capital |  |  | $ 5,993,504 |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  | 50.00% |  | 50.00% |  |  |  |  |
Investment in Unconsolidated Joint Ventures |  |  | $ 2,956,030 |  | $ 2,500,000 |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 48 |  | 168 |  |  |  |  |
Units to be retained | item |  |  | 0 |  | (48) |  |  |  |  |
Units to be sold | item |  |  | 46 |  |  |  |  |  |  |
Units sold | item |  |  | 1 |  | 120 |  |  |  |  |
Unsold units | item |  |  | 47 |  |  |  |  |  |  |
Units unsold with deposits for future sale | item |  |  | 10 |  |  |  |  |  |  |
Hamilton Bay Apts | NERA 50% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | $ 1,583,448 |  |  |  |  |  |  |  |  |
Cash & Cash Equivalents | 122,350 |  |  |  |  |  |  |  |  |
Rent Receivable | 2,463 |  |  |  |  |  |  |  |  |
Real Estate Tax Escrow | 0 |  |  |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 693,936 |  |  |  |  |  |  |  |  |
Total Assets | 2,402,197 |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 9,554 |  |  |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 10,975 |  |  |  |  |  |  |  |  |
Total Liabilities | 20,529 |  |  |  |  |  |  |  |  |
Partners' Capital | 2,381,668 |  |  |  |  |  |  |  |  |
Total Liabilities and Capital | $ 2,402,197 |  |  |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 1,190,833 |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 48 |  |  |  |  |  |  |  |  |
Units to be sold | property | 48 |  |  |  |  |  |  |  |  |
Units sold | property | 38 |  |  |  |  |  |  |  |  |
Unsold units | property | 10 |  |  |  |  |  |  |  |  |
Units unsold with deposits for future sale | property | 3 |  |  |  |  |  |  |  |  |
Hamilton Bay Apts | Residential buildings |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 48 |  |  |  |  |  |  |
Hamilton Bay Apts | Residential buildings | NERA 50% |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 48 |  |  |  |  |  |  |  |  |
Hamilton Minuteman |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties |  |  | $ 6,095,634 |  |  |  |  |  |  |
Cash & Cash Equivalents |  |  | 60,393 |  |  |  |  |  |  |
Rent Receivable |  |  | 1,152 |  |  |  |  |  |  |
Real Estate Tax Escrow |  |  | 19,048 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets |  |  | 31,844 |  |  |  |  |  |  |
Total Assets |  |  | 6,208,071 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | $ 5,889,863 |  | 5,881,680 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses |  |  | 61,455 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits |  |  | 124,719 |  |  |  |  |  |  |
Total Liabilities |  |  | 6,067,854 |  |  |  |  |  |  |
Partners' Capital |  |  | 140,217 |  |  |  |  |  |  |
Total Liabilities and Capital |  |  | $ 6,208,071 |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  | 50.00% |  |  |  |  | 50.00% |  |
Investment in Unconsolidated Joint Ventures |  |  | $ 70,108 |  |  |  |  | $ 5,075,000 |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 42 |  |  |  |  | 42 |  |
Units to be retained | item |  |  | 42 |  |  |  |  |  |  |
Hamilton Minuteman | NERA 50% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | 5,854,350 |  |  |  |  |  |  |  |  |
Cash & Cash Equivalents | 107,268 |  |  |  |  |  |  |  |  |
Rent Receivable | 5,206 |  |  |  |  |  |  |  |  |
Real Estate Tax Escrow | 32,229 |  |  |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 17,475 |  |  |  |  |  |  |  |  |
Total Assets | 6,016,528 |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 5,889,863 |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 55,333 |  |  |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 112,103 |  |  |  |  |  |  |  |  |
Total Liabilities | 6,057,299 |  |  |  |  |  |  |  |  |
Partners' Capital | (40,771) |  |  |  |  |  |  |  |  |
Total Liabilities and Capital | $ 6,016,528 |  |  |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  |  |  |  |  |  |  |  |
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture | $ (20,387) |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 42 |  |  |  |  |  |  |  |  |
Units to be retained | property | 42 |  |  |  |  |  |  |  |  |
Hamilton Minuteman | Residential buildings |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 42 |  |  |  |  |  |  |
Hamilton Minuteman | Residential buildings | NERA 50% |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 42 |  |  |  |  |  |  |  |  |
Hamilton on Main Apts |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties |  |  | $ 17,593,862 |  |  |  |  |  |  |
Cash & Cash Equivalents |  |  | 214,895 |  |  |  |  |  |  |
Rent Receivable |  |  | 11,479 |  |  |  |  |  |  |
Real Estate Tax Escrow |  |  | 213,815 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets |  |  | 107,642 |  |  |  |  |  |  |
Total Assets |  |  | 18,141,693 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | $ 16,797,004 |  | 16,780,953 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses |  |  | 153,499 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits |  |  | 380,586 |  |  |  |  |  |  |
Total Liabilities |  |  | 17,315,038 |  |  |  |  |  |  |
Partners' Capital |  |  | 826,655 |  |  |  |  |  |  |
Total Liabilities and Capital |  |  | $ 18,141,693 |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  | 50.00% |  |  |  |  |  | 50.00% |
Investment in Unconsolidated Joint Ventures |  |  | $ 413,328 |  |  |  |  |  | $ 8,000,000 |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 148 |  |  |  |  |  | 280 |
Units to be retained | item |  |  | 148 |  |  |  |  |  |  |
Units sold | item |  |  |  |  |  |  |  |  | 137 |
Hamilton on Main Apts | NERA 50% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | 17,359,777 |  |  |  |  |  |  |  |  |
Cash & Cash Equivalents | 102,710 |  |  |  |  |  |  |  |  |
Rent Receivable | 21,196 |  |  |  |  |  |  |  |  |
Real Estate Tax Escrow | 152,782 |  |  |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 95,705 |  |  |  |  |  |  |  |  |
Total Assets | 17,732,170 |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 16,797,004 |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 169,932 |  |  |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 321,274 |  |  |  |  |  |  |  |  |
Total Liabilities | 17,288,210 |  |  |  |  |  |  |  |  |
Partners' Capital | 443,960 |  |  |  |  |  |  |  |  |
Total Liabilities and Capital | $ 17,732,170 |  |  |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 221,979 |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 148 |  |  |  |  |  |  |  |  |
Units to be retained | property | 148 |  |  |  |  |  |  |  |  |
Hamilton on Main Apts | Residential buildings |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 148 |  |  |  |  |  |  |
Hamilton on Main Apts | Residential buildings | NERA 50% |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 148 |  |  |  |  |  |  |  |  |
Dexter Park |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties |  |  | $ 91,280,303 |  |  |  |  |  |  |
Cash & Cash Equivalents |  |  | 1,359,961 |  |  |  |  |  |  |
Rent Receivable |  |  | 151,499 |  |  |  |  |  |  |
Real Estate Tax Escrow |  |  | 240,494 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets |  |  | 1,558,399 |  |  |  |  |  |  |
Total Assets |  |  | 94,590,656 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | $ 81,509,648 |  | 82,968,942 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses |  |  | 607,357 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits |  |  | 2,764,112 |  |  |  |  |  |  |
Total Liabilities |  |  | 86,340,411 |  |  |  |  |  |  |
Partners' Capital |  |  | 8,250,245 |  |  |  |  |  |  |
Total Liabilities and Capital |  |  | $ 94,590,656 |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  | 40.00% | 40.00% |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures |  |  | $ 3,300,098 | $ 15,925,000 |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 409 | 409 |  |  |  |  |  |
Units to be retained | item |  |  | 409 |  |  |  |  |  |  |
Dexter Park | NERA 40% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | 89,284,170 |  |  |  |  |  |  |  |  |
Cash & Cash Equivalents | 861,790 |  |  |  |  |  |  |  |  |
Rent Receivable | 221,175 |  |  |  |  |  |  |  |  |
Real Estate Tax Escrow | 349,904 |  |  |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 2,668,635 |  |  |  |  |  |  |  |  |
Total Assets | 93,385,674 |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 81,509,648 |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 634,933 |  |  |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 2,608,580 |  |  |  |  |  |  |  |  |
Total Liabilities | 84,753,161 |  |  |  |  |  |  |  |  |
Partners' Capital | 8,630,513 |  |  |  |  |  |  |  |  |
Total Liabilities and Capital | $ 93,383,674 |  |  |  |  |  |  |  |  |
Partners' Capital % - NERA | 40.00% |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 3,452,204 |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 409 |  |  |  |  |  |  |  |  |
Units to be retained | property | 409 |  |  |  |  |  |  |  |  |
Dexter Park | Residential buildings |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 409 |  |  |  |  |  |  |
Dexter Park | Residential buildings | NERA 40% |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 409 |  |  |  |  |  |  |  |  |

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- Definition Amount of equity, excluding noncontrolling interest, attributable to the equity method investment of the entity. + 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 (c) -URI http://asc.fasb.org/extlink&oid=66011266&loc=d3e33918-111571 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(g)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=66011266&loc=d3e33912-111571 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612 + Details
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