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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Balance Sheet) (Details) | Jun. 30, 2018 USD ($) property item | Dec. 31, 2017 USD ($) item | Jun. 30, 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 |  |  | $ 138,765,415 |  |  |  |  |  |  |
Cash & Cash Equivalents |  |  | 1,523,954 |  |  |  |  |  |  |
Rent Receivable |  |  | 226,448 |  |  |  |  |  |  |
Real Estate Tax Escrow |  |  | 661,767 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets |  |  | 3,207,143 |  |  |  |  |  |  |
Total Assets |  |  | 144,384,727 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable |  |  | 124,938,378 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses |  |  | 1,006,173 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits |  |  | 4,479,127 |  |  |  |  |  |  |
Total Liabilities |  |  | 130,423,678 |  |  |  |  |  |  |
Partners' Capital |  |  | 13,961,049 |  |  |  |  |  |  |
Total Liabilities and Capital |  |  | 144,384,727 |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 2,298,588 | $ 7,212,044 | 9,029,233 |  |  |  |  |  |  |
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture | (17,487,770) | $ (2,806,319) | (2,754,771) |  |  |  |  |  |  |
Total Investment in Unconsolidated Joint Ventures (Net) |  |  | $ 6,274,462 |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 1,033 |  |  |  |  |  |  |
Units to be retained | item |  |  | 690 |  |  |  |  |  |  |
Units to be sold | item |  |  | 343 |  |  |  |  |  |  |
Units sold | item |  |  | 278 |  |  |  |  |  |  |
Unsold units | item |  |  | 65 |  |  |  |  |  |  |
Units unsold with deposits for future sale | item |  |  | 13 |  |  |  |  |  |  |
Residential buildings |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 1,030 |  |  |  |  |  |  |
Commercial |  |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 3 |  |  |  |  |  |  |
Investment Properties |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | 129,054,191 |  |  |  |  |  |  |  |  |
Cash & Cash Equivalents | 2,619,397 |  |  |  |  |  |  |  |  |
Rent Receivable | 369,238 |  |  |  |  |  |  |  |  |
Real Estate Tax Escrow | 247,273 |  |  |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 1,802,845 |  |  |  |  |  |  |  |  |
Total Assets | 134,092,944 |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 166,538,840 |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 1,243,220 |  |  |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 3,935,615 |  |  |  |  |  |  |  |  |
Total Liabilities | 171,717,675 |  |  |  |  |  |  |  |  |
Partners' Capital | (37,624,731) |  |  |  |  |  |  |  |  |
Total Liabilities and Capital | 134,092,944 |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | 2,298,596 |  |  |  |  |  |  |  |  |
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture | (17,487,771) |  |  |  |  |  |  |  |  |
Total Investment in Unconsolidated Joint Ventures (Net) | $ (15,189,175) |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 1,033 |  |  |  |  |  |  |  |  |
Units to be retained | property | 690 |  |  |  |  |  |  |  |  |
Units to be sold | property | 343 |  |  |  |  |  |  |  |  |
Units sold | property | 215 |  |  |  |  |  |  |  |  |
Unsold units | property | 8 |  |  |  |  |  |  |  |  |
Units unsold with deposits for future sale | property | 3 |  |  |  |  |  |  |  |  |
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 |  |  | $ 7,798,556 |  |  |  |  |  |  |
Cash & Cash Equivalents |  |  | 95,520 |  |  |  |  |  |  |
Rent Receivable |  |  | 5,529 |  |  |  |  |  |  |
Real Estate Tax Escrow |  |  | 111,718 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets |  |  | 105,580 |  |  |  |  |  |  |
Total Assets |  |  | 8,116,903 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | $ 9,900,029 |  | 9,886,240 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses |  |  | 62,932 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits |  |  | 251,183 |  |  |  |  |  |  |
Total Liabilities |  |  | 10,200,355 |  |  |  |  |  |  |
Partners' Capital |  |  | (2,083,452) |  |  |  |  |  |  |
Total Liabilities and Capital |  |  | $ 8,116,903 |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  | 50.00% |  |  |  |  |  |  |
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture |  |  | $ (1,041,726) |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 49 |  |  | 48 |  |  |  |
Units to be retained | item |  |  | 49 |  |  |  |  |  |  |
Hamilton Essex 81 | NERA 50% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | 7,423,918 |  |  |  |  |  |  |  |  |
Cash & Cash Equivalents | 31,634 |  |  |  |  |  |  |  |  |
Rent Receivable | 129,344 |  |  |  |  |  |  |  |  |
Real Estate Tax Escrow | 71,977 |  |  |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 251,866 |  |  |  |  |  |  |  |  |
Total Assets | 7,908,739 |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 9,900,029 |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 71,839 |  |  |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 315,075 |  |  |  |  |  |  |  |  |
Total Liabilities | 10,286,943 |  |  |  |  |  |  |  |  |
Partners' Capital | (2,378,204) |  |  |  |  |  |  |  |  |
Total Liabilities and Capital | $ 7,908,739 |  |  |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  |  |  |  |  |  |  |  |
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture | $ (1,189,102) |  |  |  |  |  |  |  |  |
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 |  |  | $ 2,622,021 |  |  |  |  |  |  |
Cash & Cash Equivalents |  |  | 108,751 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets |  |  | 1,533 |  |  |  |  |  |  |
Total Assets |  |  | 2,732,305 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses |  |  | 850 |  |  |  |  |  |  |
Total Liabilities |  |  | 850 |  |  |  |  |  |  |
Partners' Capital |  |  | 2,731,455 |  |  |  |  |  |  |
Total Liabilities and Capital |  |  | $ 2,732,305 |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  | 50.00% |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures |  |  | $ 1,365,727 |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 1 |  |  |  |  |  |  |
Units to be retained | item |  |  | 1 |  |  |  |  |  |  |
Hamilton Essex Development | NERA 50% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | $ 2,596,968 |  |  |  |  |  |  |  |  |
Cash & Cash Equivalents | 50,705 |  |  |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 0 |  |  |  |  |  |  |  |  |
Total Assets | 2,647,673 |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 1,689 |  |  |  |  |  |  |  |  |
Total Liabilities | 1,689 |  |  |  |  |  |  |  |  |
Partners' Capital | 2,645,984 |  |  |  |  |  |  |  |  |
Total Liabilities and Capital | $ 2,647,673 |  |  |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 1,322,992 |  |  |  |  |  |  |  |  |
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 |  |  | $ 6,494,266 |  |  |  |  |  |  |
Cash & Cash Equivalents |  |  | 45,291 |  |  |  |  |  |  |
Rent Receivable |  |  | 9,470 |  |  |  |  |  |  |
Real Estate Tax Escrow |  |  | 18,889 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets |  |  | 42,394 |  |  |  |  |  |  |
Total Assets |  |  | 6,610,310 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | $ 9,581,970 |  | 9,761,919 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses |  |  | 63,851 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits |  |  | 210,629 |  |  |  |  |  |  |
Total Liabilities |  |  | 10,036,399 |  |  |  |  |  |  |
Partners' Capital |  |  | (3,426,089) |  |  |  |  |  |  |
Total Liabilities and Capital |  |  | $ 6,610,310 |  |  |  |  |  |  |
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 |  |  | $ (1,713,045) |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 40 |  |  |  |  |  |  | 40
Units to be retained | item |  |  | 40 |  |  |  |  |  |  |
345 Franklin | NERA 50% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | 6,164,547 |  |  |  |  |  |  |  |  |
Cash & Cash Equivalents | 156,033 |  |  |  |  |  |  |  |  |
Rent Receivable | 20,500 |  |  |  |  |  |  |  |  |
Real Estate Tax Escrow | 19,053 |  |  |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 54,421 |  |  |  |  |  |  |  |  |
Total Assets | 6,414,554 |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 9,581,970 |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 75,750 |  |  |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 267,765 |  |  |  |  |  |  |  |  |
Total Liabilities | 9,925,485 |  |  |  |  |  |  |  |  |
Partners' Capital | (3,510,931) |  |  |  |  |  |  |  |  |
Total Liabilities and Capital | $ 6,414,554 |  |  |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  |  |  |  |  |  |  |  |
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture | $ (1,755,466) |  |  |  |  |  |  |  |  |
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 |  |  | $ 2,812,552 |  |  |  |  |  |  |
Cash & Cash Equivalents |  |  | 684 |  |  |  |  |  |  |
Rent Receivable |  |  | 10,842 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets |  |  | 770,237 |  |  |  |  |  |  |
Total Assets |  |  | 3,594,315 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses |  |  | 10,978 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits |  |  | 42,231 |  |  |  |  |  |  |
Total Liabilities |  |  | 53,209 |  |  |  |  |  |  |
Partners' Capital |  |  | 3,541,106 |  |  |  |  |  |  |
Total Liabilities and Capital |  |  | $ 3,594,315 |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  | 50.00% |  |  |  | 50.00% |  |  |
Investment in Unconsolidated Joint Ventures |  |  | $ 1,770,552 |  |  |  | $ 2,352,000 |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item | 6 |  | 176 |  |  |  | 176 |  |  |
Units to be retained | item |  |  | 0 |  |  |  | (49) |  |  |
Units to be sold | item |  |  | 176 |  |  |  |  |  |  |
Units sold | item | 12 | 20 | 148 |  |  |  | 127 |  |  |
Unsold units | item |  |  | 27 |  |  |  |  |  |  |
Units unsold with deposits for future sale | item |  |  | 4 |  |  |  |  |  |  |
Hamilton 1025 | NERA 50% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | $ 511,297 |  |  |  |  |  |  |  |  |
Cash & Cash Equivalents | 41,589 |  |  |  |  |  |  |  |  |
Rent Receivable | 9,073 |  |  |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 84,892 |  |  |  |  |  |  |  |  |
Total Assets | 646,851 |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 12,318 |  |  |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 10,204 |  |  |  |  |  |  |  |  |
Total Liabilities | 22,522 |  |  |  |  |  |  |  |  |
Partners' Capital | 624,329 |  |  |  |  |  |  |  |  |
Total Liabilities and Capital | $ 646,851 |  |  |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 312,165 |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 176 |  |  |  |  |  |  |  |  |
Units to be sold | property | 175 |  |  |  |  |  |  |  |  |
Units sold | property | 171 |  |  |  |  |  |  |  |  |
Unsold units | property | 4 |  |  |  |  |  |  |  |  |
Units unsold with deposits for future sale | property | 1 |  |  |  |  |  |  |  |  |
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 |  |  | $ 0 |  |  |  |  |  |  |
Cash & Cash Equivalents |  |  | 212,237 |  |  |  |  |  |  |
Rent Receivable |  |  | 825 |  |  |  |  |  |  |
Total Assets |  |  | 213,062 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses |  |  | 1,182 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits |  |  | 101 |  |  |  |  |  |  |
Total Liabilities |  |  | 1,283 |  |  |  |  |  |  |
Partners' Capital |  |  | 211,779 |  |  |  |  |  |  |
Total Liabilities and Capital |  |  | $ 213,062 |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  | 50.00% |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures |  |  | $ 105,890 |  |  |  |  |  |  |
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 |  |  | $ 4,484,449 |  |  |  |  |  |  |
Cash & Cash Equivalents |  |  | 58,078 |  |  |  |  |  |  |
Rent Receivable |  |  | 18,180 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets |  |  | 487,987 |  |  |  |  |  |  |
Total Assets |  |  | 5,048,694 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses |  |  | 35,122 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits |  |  | 65,705 |  |  |  |  |  |  |
Total Liabilities |  |  | 100,827 |  |  |  |  |  |  |
Partners' Capital |  |  | 4,947,867 |  |  |  |  |  |  |
Total Liabilities and Capital |  |  | $ 5,048,694 |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  | 50.00% |  | 50.00% |  |  |  |  |
Investment in Unconsolidated Joint Ventures |  |  | $ 2,473,933 |  | $ 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 |  |  | 10 |  | 120 |  |  |  |  |
Unsold units | item |  |  | 38 |  |  |  |  |  |  |
Units unsold with deposits for future sale | item |  |  | 9 |  |  |  |  |  |  |
Hamilton Bay Apts | NERA 50% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | $ 769,567 |  |  |  |  |  |  |  |  |
Cash & Cash Equivalents | 130,503 |  |  |  |  |  |  |  |  |
Rent Receivable | 0 |  |  |  |  |  |  |  |  |
Real Estate Tax Escrow | 0 |  |  |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 141,234 |  |  |  |  |  |  |  |  |
Total Assets | 1,041,304 |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 8,203 |  |  |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 6,012 |  |  |  |  |  |  |  |  |
Total Liabilities | 14,215 |  |  |  |  |  |  |  |  |
Partners' Capital | 1,027,089 |  |  |  |  |  |  |  |  |
Total Liabilities and Capital | $ 1,041,304 |  |  |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 513,544 |  |  |  |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | property | 48 |  |  |  |  |  |  |  |  |
Units to be sold | property | 48 |  |  |  |  |  |  |  |  |
Units sold | property | 44 |  |  |  |  |  |  |  |  |
Unsold units | property | 4 |  |  |  |  |  |  |  |  |
Units unsold with deposits for future sale | property | 2 |  |  |  |  |  |  |  |  |
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 |  |  | $ 6,012,338 |  |  |  |  |  |  |
Cash & Cash Equivalents |  |  | 27,620 |  |  |  |  |  |  |
Rent Receivable |  |  | 10,991 |  |  |  |  |  |  |
Real Estate Tax Escrow |  |  | 19,216 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets |  |  | 23,196 |  |  |  |  |  |  |
Total Assets |  |  | 6,093,361 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | $ 5,891,909 |  | 5,883,726 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses |  |  | 48,956 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits |  |  | 119,247 |  |  |  |  |  |  |
Total Liabilities |  |  | 6,051,929 |  |  |  |  |  |  |
Partners' Capital |  |  | 41,432 |  |  |  |  |  |  |
Total Liabilities and Capital |  |  | $ 6,093,361 |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  | 50.00% |  |  |  |  | 50.00% |  |
Investment in Unconsolidated Joint Ventures |  |  | $ 20,716 |  |  |  |  | $ 5,075,000 |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 42 |  |  |  |  | 42 |  |
Units to be retained | item |  |  | 42 |  |  |  |  |  |  |
Hamilton Minuteman | NERA 50% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | 5,778,394 |  |  |  |  |  |  |  |  |
Cash & Cash Equivalents | 121,001 |  |  |  |  |  |  |  |  |
Rent Receivable | 32,219 |  |  |  |  |  |  |  |  |
Real Estate Tax Escrow | 34,327 |  |  |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 11,824 |  |  |  |  |  |  |  |  |
Total Assets | 5,977,765 |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 5,891,909 |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 61,704 |  |  |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 125,039 |  |  |  |  |  |  |  |  |
Total Liabilities | 6,078,652 |  |  |  |  |  |  |  |  |
Partners' Capital | (100,887) |  |  |  |  |  |  |  |  |
Total Liabilities and Capital | $ 5,977,765 |  |  |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  |  |  |  |  |  |  |  |
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture | $ (50,444) |  |  |  |  |  |  |  |  |
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 |  |  | $ 17,871,657 |  |  |  |  |  |  |
Cash & Cash Equivalents |  |  | 541 |  |  |  |  |  |  |
Rent Receivable |  |  | 20,212 |  |  |  |  |  |  |
Real Estate Tax Escrow |  |  | 238,391 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets |  |  | 108,507 |  |  |  |  |  |  |
Total Assets |  |  | 18,239,308 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | $ 16,801,017 |  | 16,784,966 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses |  |  | 140,046 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits |  |  | 377,911 |  |  |  |  |  |  |
Total Liabilities |  |  | 17,302,923 |  |  |  |  |  |  |
Partners' Capital |  |  | 936,385 |  |  |  |  |  |  |
Total Liabilities and Capital |  |  | $ 18,239,308 |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  | 50.00% |  |  |  |  |  | 50.00% |
Investment in Unconsolidated Joint Ventures |  |  | $ 468,192 |  |  |  |  |  | $ 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 | 17,135,093 |  |  |  |  |  |  |  |  |
Cash & Cash Equivalents | 236,201 |  |  |  |  |  |  |  |  |
Rent Receivable | 26,072 |  |  |  |  |  |  |  |  |
Real Estate Tax Escrow | 121,916 |  |  |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 88,307 |  |  |  |  |  |  |  |  |
Total Assets | 17,607,589 |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 16,801,017 |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 163,091 |  |  |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 343,691 |  |  |  |  |  |  |  |  |
Total Liabilities | 17,307,799 |  |  |  |  |  |  |  |  |
Partners' Capital | 299,790 |  |  |  |  |  |  |  |  |
Total Liabilities and Capital | $ 17,607,589 |  |  |  |  |  |  |  |  |
Partners' Capital % - NERA | 50.00% |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures | $ 149,895 |  |  |  |  |  |  |  |  |
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 |  |  | $ 90,669,576 |  |  |  |  |  |  |
Cash & Cash Equivalents |  |  | 975,232 |  |  |  |  |  |  |
Rent Receivable |  |  | 150,399 |  |  |  |  |  |  |
Real Estate Tax Escrow |  |  | 273,553 |  |  |  |  |  |  |
Prepaid Expenses & Other Assets |  |  | 1,667,709 |  |  |  |  |  |  |
Total Assets |  |  | 93,736,469 |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | $ 124,363,915 |  | 82,621,527 |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses |  |  | 642,256 |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits |  |  | 3,412,120 |  |  |  |  |  |  |
Total Liabilities |  |  | 86,675,903 |  |  |  |  |  |  |
Partners' Capital |  |  | 7,060,566 |  |  |  |  |  |  |
Total Liabilities and Capital |  |  | $ 93,736,469 |  |  |  |  |  |  |
Partners' Capital % - NERA |  |  | 40.00% | 40.00% |  |  |  |  |  |
Investment in Unconsolidated Joint Ventures |  |  | $ 2,824,225 | $ 15,925,000 |  |  |  |  |  |
Total units/ condominiums |  |  |  |  |  |  |  |  |  |
Total | item |  |  | 409 | 409 |  |  |  |  |  |
Units to be retained | item |  |  | 409 |  |  |  |  |  |  |
Dexter Park | NERA 40% |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |
Rental Properties | 88,674,407 |  |  |  |  |  |  |  |  |
Cash & Cash Equivalents | 1,851,731 |  |  |  |  |  |  |  |  |
Rent Receivable | 152,030 |  |  |  |  |  |  |  |  |
Real Estate Tax Escrow | 0 |  |  |  |  |  |  |  |  |
Prepaid Expenses & Other Assets | 1,170,301 |  |  |  |  |  |  |  |  |
Total Assets | 91,848,469 |  |  |  |  |  |  |  |  |
LIABILITIES AND PARTNERS' CAPITAL |  |  |  |  |  |  |  |  |  |
Mortgage Notes Payable | 124,363,915 |  |  |  |  |  |  |  |  |
Accounts Payable and Accrued Expenses | 848,626 |  |  |  |  |  |  |  |  |
Advance Rental Payments and Security Deposits | 2,867,829 |  |  |  |  |  |  |  |  |
Total Liabilities | 128,080,370 |  |  |  |  |  |  |  |  |
Partners' Capital | (36,231,901) |  |  |  |  |  |  |  |  |
Total Liabilities and Capital | $ 91,848,469 |  |  |  |  |  |  |  |  |
Partners' Capital % - NERA | 40.00% |  |  |  |  |  |  |  |  |
Distribution and Loss in Excess of investments in Unconsolidated Joint Venture | $ (14,492,760) |  |  |  |  |  |  |  |  |
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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