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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Income) (Details) - USD ($) | 3 Months Ended | 9 Months Ended |  |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | ---
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Oct. 28, 2009 | Oct. 03, 2005 | Mar. 02, 2005 | Sep. 30, 2004 | Aug. 31, 2004 | Nov. 30, 2001
Revenues |  |  |  |  |  |  |  |  |  |
Rental income | $ 6,182,514 | $ 5,940,841 | $ 18,352,687 | $ 17,805,899 |  |  |  |  |  |
Laundry and Sundry Income | 47,156 | 37,071 | 125,545 | 118,929 |  |  |  |  |  |
Total Revenues | 6,229,670 | 5,977,912 | 18,478,232 | 17,924,828 |  |  |  |  |  |
Expenses |  |  |  |  |  |  |  |  |  |
Administrative | 103,091 | 85,719 | 283,328 | 295,039 |  |  |  |  |  |
Depreciation and amortization | 1,481,176 | 1,471,671 | 4,418,840 | 4,356,153 |  |  |  |  |  |
Management Fees | 165,904 | 163,207 | 492,893 | 492,819 |  |  |  |  |  |
Operating | 377,486 | 390,016 | 1,298,588 | 1,425,352 |  |  |  |  |  |
Renting | 290,542 | 281,958 | 401,664 | 427,092 |  |  |  |  |  |
Repairs and Maintenance | 807,600 | 888,681 | 1,919,743 | 2,173,269 |  |  |  |  |  |
Taxes and Insurance | 764,021 | 718,610 | 2,321,323 | 2,110,774 |  |  |  |  |  |
Total Expenses | 3,989,820 | 3,999,862 | 11,136,379 | 11,280,498 |  |  |  |  |  |
Income Before Other Income | 2,239,850 | 1,978,050 | 7,341,853 | 6,644,330 |  |  |  |  |  |
Other Income (loss) |  |  |  |  |  |  |  |  |  |
Interest Expense | (1,730,605) | (1,738,634) | (5,197,591) | (5,125,243) |  |  |  |  |  |
Other Income (Expense) |  |  |  | (3,829,950) |  |  |  |  |  |
Gain on Sale of Real Estate |  | 856,704 | 738,983 | 3,913,427 |  |  |  |  |  |
Total Other Income (Loss) | (1,730,605) | (881,930) | (4,458,608) | (5,041,766) |  |  |  |  |  |
Net Income (Loss) | 509,245 | 1,096,120 | 2,883,245 | 1,602,564 |  |  |  |  |  |
Proportionate share of net income (loss) | 224,993 | 534,431 | 1,287,339 | 1,073,692 |  |  |  |  |  |
NERA 50% |  |  |  |  |  |  |  |  |  |
Other Income (loss) |  |  |  |  |  |  |  |  |  |
Proportionate share of net income (loss) | $ 106,504 | $ 479,907 | $ 670,223 | $ 2,163,322 |  |  |  |  |  |
Ownership interest (as a percent) | 50.00% | 50.00% | 50.00% | 50.00% |  |  |  |  |  |
NERA 40% |  |  |  |  |  |  |  |  |  |
Other Income (loss) |  |  |  |  |  |  |  |  |  |
Proportionate share of net income (loss) | $ 118,489 | $ 54,524 | $ 617,116 | $ (1,089,630) |  |  |  |  |  |
Ownership interest (as a percent) | 40.00% | 40.00% | 40.00% | 40.00% |  |  |  |  |  |
Hamilton Essex 81 |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  |
Rental income | $ 429,472 | $ 403,744 | $ 1,339,583 | $ 1,221,779 |  |  |  |  |  |
Laundry and Sundry Income | 3,810 | 3,186 | 10,680 | 10,570 |  |  |  |  |  |
Total Revenues | 433,282 | 406,930 | 1,350,263 | 1,232,349 |  |  |  |  |  |
Expenses |  |  |  |  |  |  |  |  |  |
Administrative | 7,713 | 4,541 | 22,968 | 17,850 |  |  |  |  |  |
Depreciation and amortization | 120,986 | 120,236 | 360,417 | 354,218 |  |  |  |  |  |
Management Fees | 17,228 | 16,743 | 51,454 | 45,452 |  |  |  |  |  |
Operating | 16,773 | 17,701 | 53,817 | 57,734 |  |  |  |  |  |
Renting | 23,575 | 14,563 | 32,092 | 25,613 |  |  |  |  |  |
Repairs and Maintenance | 37,324 | 35,741 | 101,995 | 121,920 |  |  |  |  |  |
Taxes and Insurance | 60,904 | 61,829 | 184,210 | 187,018 |  |  |  |  |  |
Total Expenses | 284,503 | 271,354 | 806,953 | 809,805 |  |  |  |  |  |
Income Before Other Income | 148,779 | 135,576 | 543,310 | 422,544 |  |  |  |  |  |
Other Income (loss) |  |  |  |  |  |  |  |  |  |
Interest Expense | (117,103) | (113,864) | (360,122) | (321,785) |  |  |  |  |  |
Total Other Income (Loss) | (117,103) | (113,864) | (360,122) | (321,785) |  |  |  |  |  |
Net Income (Loss) | 31,676 | $ 21,712 | 183,188 | $ 100,759 |  |  |  |  |  |
Ownership interest (as a percent) |  | 50.00% |  | 50.00% |  |  |  |  |  |
Hamilton Essex 81 | NERA 50% |  |  |  |  |  |  |  |  |  |
Other Income (loss) |  |  |  |  |  |  |  |  |  |
Proportionate share of net income (loss) | $ 15,837 | $ 10,857 | $ 91,593 | $ 50,380 |  |  |  |  |  |
Ownership interest (as a percent) | 50.00% |  | 50.00% |  |  |  |  |  |  |
Hamilton Essex Development |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  |
Rental income | $ 60,471 | 60,752 | $ 161,712 | 168,608 |  |  |  |  |  |
Total Revenues | 60,471 | 60,752 | 161,712 | 168,608 |  |  |  |  |  |
Expenses |  |  |  |  |  |  |  |  |  |
Administrative | 11,488 | 437 | 21,162 | 6,452 |  |  |  |  |  |
Depreciation and amortization | 5,074 | 3,689 | 15,223 | 5,018 |  |  |  |  |  |
Management Fees | 2,174 | 2,158 | 6,494 | 6,472 |  |  |  |  |  |
Operating |  |  | 8 |  |  |  |  |  |  |
Repairs and Maintenance |  | 586 | 3,180 | 7,928 |  |  |  |  |  |
Taxes and Insurance | 15,316 | 15,417 | 46,176 | 48,614 |  |  |  |  |  |
Total Expenses | 34,052 | 22,287 | 92,243 | 74,484 |  |  |  |  |  |
Income Before Other Income | 26,419 | 38,465 | 69,469 | 94,124 |  |  |  |  |  |
Other Income (loss) |  |  |  |  |  |  |  |  |  |
Net Income (Loss) | 26,419 | $ 38,465 | 69,469 | $ 94,124 |  |  |  |  |  |
Ownership interest (as a percent) |  | 50.00% |  | 50.00% |  |  |  |  |  |
Hamilton Essex Development | NERA 50% |  |  |  |  |  |  |  |  |  |
Other Income (loss) |  |  |  |  |  |  |  |  |  |
Proportionate share of net income (loss) | $ 13,209 | $ 19,234 | $ 34,734 | $ 47,062 |  |  |  |  |  |
Ownership interest (as a percent) | 50.00% |  | 50.00% |  |  |  |  |  |  |
345 Franklin |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  |
Rental income | $ 404,000 | 379,821 | $ 1,207,094 | 1,171,913 |  |  |  |  |  |
Laundry and Sundry Income | 1,806 | 786 | 2,390 | 3,547 |  |  |  |  |  |
Total Revenues | 405,806 | 380,607 | 1,209,484 | 1,175,460 |  |  |  |  |  |
Expenses |  |  |  |  |  |  |  |  |  |
Administrative | 7,324 | 9,388 | 17,366 | 22,582 |  |  |  |  |  |
Depreciation and amortization | 86,269 | 87,166 | 258,722 | 259,925 |  |  |  |  |  |
Management Fees | 16,063 | 15,618 | 46,506 | 48,417 |  |  |  |  |  |
Operating | 13,766 | 17,704 | 54,291 | 54,623 |  |  |  |  |  |
Renting | 9,217 | 36,118 | 21,210 | 41,335 |  |  |  |  |  |
Repairs and Maintenance | 44,687 | 60,855 | 86,964 | 107,766 |  |  |  |  |  |
Taxes and Insurance | 35,630 | 35,747 | 111,239 | 107,916 |  |  |  |  |  |
Total Expenses | 212,956 | 262,596 | 596,298 | 642,564 |  |  |  |  |  |
Income Before Other Income | 192,850 | 118,011 | 613,186 | 532,896 |  |  |  |  |  |
Other Income (loss) |  |  |  |  |  |  |  |  |  |
Interest Expense | (94,449) | (95,873) | (283,531) | (289,348) |  |  |  |  |  |
Total Other Income (Loss) | (94,449) | (95,873) | (283,531) | (289,348) |  |  |  |  |  |
Net Income (Loss) | 98,401 | $ 22,138 | 329,655 | $ 243,548 |  |  |  |  |  |
Ownership interest (as a percent) |  | 50.00% |  | 50.00% |  |  |  |  |  | 50.00%
345 Franklin | NERA 50% |  |  |  |  |  |  |  |  |  |
Other Income (loss) |  |  |  |  |  |  |  |  |  |
Proportionate share of net income (loss) | $ 49,200 | $ 11,069 | $ 164,827 | $ 121,775 |  |  |  |  |  |
Ownership interest (as a percent) | 50.00% |  | 50.00% |  |  |  |  |  |  |
Hamilton 1025 |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  |
Rental income | $ 25,497 | 21,357 | $ 72,558 | 91,719 |  |  |  |  |  |
Total Revenues | 25,497 | 21,357 | 72,558 | 91,719 |  |  |  |  |  |
Expenses |  |  |  |  |  |  |  |  |  |
Administrative | 1,432 | 2,036 | 5,834 | 4,606 |  |  |  |  |  |
Depreciation and amortization | 3,190 |  | 9,580 |  |  |  |  |  |  |
Management Fees | 887 | 948 | 2,786 | 3,562 |  |  |  |  |  |
Operating | 62 | 397 | 925 | 584 |  |  |  |  |  |
Renting | 64 |  | 64 | 108 |  |  |  |  |  |
Repairs and Maintenance |  | 22,888 | 28,399 | 91,461 |  |  |  |  |  |
Taxes and Insurance | 3,957 | 8,301 | 18,402 | 39,169 |  |  |  |  |  |
Total Expenses | 9,592 | 34,570 | 65,990 | 139,490 |  |  |  |  |  |
Income Before Other Income | 15,905 | (13,213) | 6,568 | (47,771) |  |  |  |  |  |
Other Income (loss) |  |  |  |  |  |  |  |  |  |
Interest Expense |  | (2) |  | (49) |  |  |  |  |  |
Gain on Sale of Real Estate |  | 409,521 | 306,075 | 1,714,935 |  |  |  |  |  |
Total Other Income (Loss) |  | 409,519 | 306,075 | 1,714,886 |  |  |  |  |  |
Net Income (Loss) | 15,905 | $ 396,306 | 312,643 | $ 1,667,115 |  |  |  |  |  |
Ownership interest (as a percent) |  | 50.00% |  | 50.00% |  |  | 50.00% |  |  |
Hamilton 1025 | NERA 50% |  |  |  |  |  |  |  |  |  |
Other Income (loss) |  |  |  |  |  |  |  |  |  |
Proportionate share of net income (loss) | $ 7,952 | $ 198,153 | $ 156,321 | $ 833,558 |  |  |  |  |  |
Ownership interest (as a percent) | 50.00% |  | 50.00% |  |  |  |  |  |  |
Hamilton Bay Apts |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  |
Rental income | $ (88) | 18,525 | $ 3,541 | 63,968 |  |  |  |  |  |
Total Revenues | (88) | 18,525 | 3,541 | 63,968 |  |  |  |  |  |
Expenses |  |  |  |  |  |  |  |  |  |
Administrative | 1,291 | 2,128 | 5,576 | 10,553 |  |  |  |  |  |
Depreciation and amortization |  | 6,000 | 5,420 | 28,000 |  |  |  |  |  |
Management Fees |  | 522 | 145 | 2,443 |  |  |  |  |  |
Operating | 64 | 187 | (8) | 1,377 |  |  |  |  |  |
Repairs and Maintenance |  | 16,987 | 10,266 | 74,821 |  |  |  |  |  |
Taxes and Insurance |  | 5,703 | 5,206 | 31,275 |  |  |  |  |  |
Total Expenses | 1,355 | 31,527 | 26,605 | 148,469 |  |  |  |  |  |
Income Before Other Income | (1,443) | (13,002) | (23,064) | (84,501) |  |  |  |  |  |
Other Income (loss) |  |  |  |  |  |  |  |  |  |
Interest Expense |  | (20) | (6) | (95) |  |  |  |  |  |
Gain on Sale of Real Estate |  | 447,183 | 432,908 | 2,198,492 |  |  |  |  |  |
Total Other Income (Loss) |  | 447,163 | 432,902 | 2,198,397 |  |  |  |  |  |
Net Income (Loss) | (1,443) | $ 434,161 | 409,838 | $ 2,113,896 |  |  |  |  |  |
Ownership interest (as a percent) |  | 50.00% |  | 50.00% |  | 50.00% |  |  |  |
Hamilton Bay Apts | NERA 50% |  |  |  |  |  |  |  |  |  |
Other Income (loss) |  |  |  |  |  |  |  |  |  |
Proportionate share of net income (loss) | $ (723) | $ 217,081 | $ 204,918 | $ 1,056,949 |  |  |  |  |  |
Ownership interest (as a percent) | 50.00% |  | 50.00% |  |  |  |  |  |  |
Hamilton Minuteman |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  |
Rental income | $ 294,454 | 275,672 | $ 850,523 | 804,611 |  |  |  |  |  |
Laundry and Sundry Income | 425 | 39 | 2,560 | (364) |  |  |  |  |  |
Total Revenues | 294,879 | 275,711 | 853,083 | 804,247 |  |  |  |  |  |
Expenses |  |  |  |  |  |  |  |  |  |
Administrative | 1,533 | 1,125 | 7,283 | 5,505 |  |  |  |  |  |
Depreciation and amortization | 90,045 | 89,430 | 267,546 | 265,272 |  |  |  |  |  |
Management Fees | 11,695 | 11,052 | 33,995 | 31,914 |  |  |  |  |  |
Operating | 19,116 | 19,000 | 70,695 | 79,375 |  |  |  |  |  |
Renting | 100 | 1,173 | 2,674 | 5,481 |  |  |  |  |  |
Repairs and Maintenance | 22,406 | 38,478 | 104,727 | 83,902 |  |  |  |  |  |
Taxes and Insurance | 33,620 | 32,100 | 98,389 | 94,751 |  |  |  |  |  |
Total Expenses | 178,515 | 192,358 | 585,309 | 566,200 |  |  |  |  |  |
Income Before Other Income | 116,364 | 83,353 | 267,774 | 238,047 |  |  |  |  |  |
Other Income (loss) |  |  |  |  |  |  |  |  |  |
Interest Expense | (59,451) | (59,507) | (176,056) | (176,916) |  |  |  |  |  |
Total Other Income (Loss) | (59,451) | (59,507) | (176,056) | (176,916) |  |  |  |  |  |
Net Income (Loss) | 56,913 | $ 23,846 | 91,718 | $ 61,131 |  |  |  |  |  |
Ownership interest (as a percent) |  | 50.00% |  | 50.00% |  |  |  | 50.00% |  |
Hamilton Minuteman | NERA 50% |  |  |  |  |  |  |  |  |  |
Other Income (loss) |  |  |  |  |  |  |  |  |  |
Proportionate share of net income (loss) | $ 28,456 | $ 11,923 | $ 45,859 | $ 30,566 |  |  |  |  |  |
Ownership interest (as a percent) | 50.00% |  | 50.00% |  |  |  |  |  |  |
Hamilton on Main Apts |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  |
Rental income | $ 865,299 | 847,723 | $ 2,553,301 | 2,589,262 |  |  |  |  |  |
Laundry and Sundry Income | 10,437 | 9,583 | 30,517 | 28,614 |  |  |  |  |  |
Total Revenues | 875,736 | 857,306 | 2,583,818 | 2,617,876 |  |  |  |  |  |
Expenses |  |  |  |  |  |  |  |  |  |
Administrative | 16,108 | 10,789 | 51,020 | 37,978 |  |  |  |  |  |
Depreciation and amortization | 262,294 | 258,280 | 781,400 | 771,230 |  |  |  |  |  |
Management Fees | 33,378 | 33,222 | 98,381 | 99,274 |  |  |  |  |  |
Operating | 92,863 | 58,789 | 284,679 | 262,071 |  |  |  |  |  |
Renting | 6,043 | 6,054 | 39,532 | 20,563 |  |  |  |  |  |
Repairs and Maintenance | 178,777 | 164,150 | 495,863 | 490,189 |  |  |  |  |  |
Taxes and Insurance | 106,568 | 109,202 | 313,906 | 317,227 |  |  |  |  |  |
Total Expenses | 696,031 | 640,486 | 2,064,781 | 1,998,532 |  |  |  |  |  |
Income Before Other Income | 179,705 | 216,820 | 519,037 | 619,344 |  |  |  |  |  |
Other Income (loss) |  |  |  |  |  |  |  |  |  |
Interest Expense | (194,554) | (193,638) | (575,093) | (573,278) |  |  |  |  |  |
Total Other Income (Loss) | (194,554) | (193,638) | (575,093) | (573,278) |  |  |  |  |  |
Net Income (Loss) | (14,849) | $ 23,182 | (56,056) | $ 46,066 |  |  |  |  |  |
Ownership interest (as a percent) |  | 50.00% |  | 50.00% |  |  |  |  | 50.00% |
Hamilton on Main Apts | NERA 50% |  |  |  |  |  |  |  |  |  |
Other Income (loss) |  |  |  |  |  |  |  |  |  |
Proportionate share of net income (loss) | $ (7,426) | $ 11,591 | $ (28,028) | $ 23,033 |  |  |  |  |  |
Ownership interest (as a percent) | 50.00% |  | 50.00% |  |  |  |  |  |  |
Dexter Park |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  |
Rental income | $ 4,103,409 | 3,933,247 | $ 12,164,375 | 11,694,039 |  |  |  |  |  |
Laundry and Sundry Income | 30,678 | 23,477 | 79,398 | 76,562 |  |  |  |  |  |
Total Revenues | 4,134,087 | 3,956,724 | 12,243,773 | 11,770,601 |  |  |  |  |  |
Expenses |  |  |  |  |  |  |  |  |  |
Administrative | 56,202 | 55,275 | 152,119 | 189,513 |  |  |  |  |  |
Depreciation and amortization | 913,318 | 906,870 | 2,720,532 | 2,672,490 |  |  |  |  |  |
Management Fees | 84,479 | 82,944 | 253,132 | 255,285 |  |  |  |  |  |
Operating | 234,842 | 276,238 | 834,181 | 969,588 |  |  |  |  |  |
Renting | 251,543 | 224,050 | 306,092 | 333,992 |  |  |  |  |  |
Repairs and Maintenance | 524,406 | 548,996 | 1,088,349 | 1,195,282 |  |  |  |  |  |
Taxes and Insurance | 508,026 | 450,311 | 1,543,795 | 1,284,804 |  |  |  |  |  |
Total Expenses | 2,572,816 | 2,544,684 | 6,898,200 | 6,900,954 |  |  |  |  |  |
Income Before Other Income | 1,561,271 | 1,412,040 | 5,345,573 | 4,869,647 |  |  |  |  |  |
Other Income (loss) |  |  |  |  |  |  |  |  |  |
Interest Expense | (1,265,048) | (1,275,730) | (3,802,783) | (3,763,772) |  |  |  |  |  |
Other Income (Expense) |  |  |  | (3,829,950) |  |  |  |  |  |
Total Other Income (Loss) | (1,265,048) | (1,275,730) | (3,802,783) | (7,593,722) |  |  |  |  |  |
Net Income (Loss) | 296,223 | $ 136,309 | 1,542,790 | $ (2,724,075) |  |  |  |  |  |
Ownership interest (as a percent) |  | 40.00% |  | 40.00% | 40.00% |  |  |  |  |
Dexter Park | NERA 40% |  |  |  |  |  |  |  |  |  |
Other Income (loss) |  |  |  |  |  |  |  |  |  |
Proportionate share of net income (loss) | $ 118,489 | $ 54,524 | $ 617,116 | $ (1,089,630) |  |  |  |  |  |
Ownership interest (as a percent) | 40.00% |  | 40.00% |  |  |  |  |  |  |

X
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services reported by an equity method investment of the entity. Includes selling, general and administrative expense. + References No definition available. + Details
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- Definition The total amount of revenue recognized for the period from operating leases, including minimum lease revenue, contingent revenue, percentage revenue and sublease revenue. + References No definition available. + Details
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- Definition Other real estate revenue not otherwise specified in the taxonomy. + References No definition available. + Details
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