INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Balance Sheet) (Details)
|
Jun. 30, 2026
USD ($)
property
|
Dec. 31, 2025
USD ($)
|
Jun. 30, 2025
USD ($)
property
|
Dec. 31, 2024
USD ($)
|
May 31, 2018
USD ($)
|
Oct. 28, 2009
item
|
Mar. 07, 2005
item
|
Mar. 02, 2005
item
|
| ASSETS |
|
|
|
|
|
|
|
|
| Rental Properties |
$ 452,146,015
|
$ 458,779,526
|
|
|
|
|
|
|
| Cash & Cash Equivalents |
24,749,739
|
26,668,978
|
|
|
|
|
|
|
| Rent Receivable |
1,840,493
|
1,428,053
|
|
|
|
|
|
|
| Real Estate Tax Escrow |
3,284,627
|
3,057,689
|
|
|
|
|
|
|
| Prepaid Expenses & Other Assets |
10,498,226
|
11,381,248
|
|
|
|
|
|
|
| Total Assets |
493,923,891
|
505,331,191
|
|
|
|
|
|
|
| LIABILITIES AND PARTNERS' CAPITAL |
|
|
|
|
|
|
|
|
| Mortgage Notes Payable |
526,244,604
|
527,596,823
|
|
|
|
|
|
|
| Accounts Payable & Accrued Expense |
7,733,459
|
8,866,529
|
|
|
|
|
|
|
| Advance Rental Pmts & Security Deposits |
12,425,818
|
12,288,303
|
|
|
|
|
|
|
| Total Liabilities |
577,146,571
|
579,546,772
|
|
|
|
|
|
|
| Partners' Capital |
(83,222,680)
|
(74,215,581)
|
$ (68,973,338)
|
$ (62,433,903)
|
|
|
|
|
| Total Liabilities and Partners' Capital |
493,923,891
|
505,331,191
|
|
|
|
|
|
|
| Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures |
(30,742,690)
|
$ (30,795,117)
|
|
|
|
|
|
|
| Investment Properties |
|
|
|
|
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
| Rental Properties |
96,381,268
|
|
98,359,173
|
|
|
|
|
|
| Cash & Cash Equivalents |
11,878,601
|
|
7,789,616
|
|
|
|
|
|
| Rent Receivable |
428,104
|
|
467,518
|
|
|
|
|
|
| Real Estate Tax Escrow |
84,210
|
|
144,223
|
|
|
|
|
|
| Prepaid Expenses & Other Assets |
3,404,964
|
|
3,692,422
|
|
|
|
|
|
| Total Assets |
112,177,147
|
|
110,452,952
|
|
|
|
|
|
| LIABILITIES AND PARTNERS' CAPITAL |
|
|
|
|
|
|
|
|
| Mortgage Notes Payable |
174,132,799
|
|
172,223,009
|
|
|
|
|
|
| Accounts Payable & Accrued Expense |
1,268,804
|
|
1,442,918
|
|
|
|
|
|
| Advance Rental Pmts & Security Deposits |
5,522,061
|
|
5,346,339
|
|
|
|
|
|
| Total Liabilities |
180,923,664
|
|
179,012,266
|
|
|
|
|
|
| Partners' Capital |
(68,746,517)
|
|
(68,559,314)
|
|
|
|
|
|
| Total Liabilities and Partners' Capital |
112,177,147
|
|
110,452,952
|
|
|
|
|
|
| Investment in Unconsolidated Joint Ventures |
1,404,791
|
|
1,408,780
|
|
|
|
|
|
| Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures |
(30,742,690)
|
|
(30,513,007)
|
|
|
|
|
|
| Total Investment in Unconsolidated Joint Ventures (Net) |
$ (29,337,899)
|
|
$ (29,104,227)
|
|
|
|
|
|
| Total units/ condominiums |
|
|
|
|
|
|
|
|
| Total | property |
691
|
|
690
|
|
|
|
|
|
| Investment Properties | Apartments |
|
|
|
|
|
|
|
|
| Total units/ condominiums |
|
|
|
|
|
|
|
|
| Total | property |
688
|
|
687
|
|
|
|
|
|
| Investment Properties | Commercial |
|
|
|
|
|
|
|
|
| Total units/ condominiums |
|
|
|
|
|
|
|
|
| Total | property |
3
|
|
3
|
|
|
|
|
|
| Hamilton Essex 81 |
|
|
|
|
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
| Rental Properties |
$ 5,700,858
|
|
$ 5,065,184
|
|
|
|
|
|
| Cash & Cash Equivalents |
1,531,128
|
|
1,364,311
|
|
|
|
|
|
| Rent Receivable |
117,151
|
|
197,025
|
|
|
|
|
|
| Real Estate Tax Escrow |
21,194
|
|
68,876
|
|
|
|
|
|
| Prepaid Expenses & Other Assets |
205,496
|
|
306,479
|
|
|
|
|
|
| Total Assets |
7,575,827
|
|
7,001,875
|
|
|
|
|
|
| LIABILITIES AND PARTNERS' CAPITAL |
|
|
|
|
|
|
|
|
| Mortgage Notes Payable |
12,056,780
|
|
9,996,553
|
|
|
|
|
|
| Accounts Payable & Accrued Expense |
126,432
|
|
282,111
|
|
|
|
|
|
| Advance Rental Pmts & Security Deposits |
466,024
|
|
369,428
|
|
|
|
|
|
| Total Liabilities |
12,649,236
|
|
10,648,092
|
|
|
|
|
|
| Partners' Capital |
(5,073,409)
|
|
(3,646,217)
|
|
|
|
|
|
| Total Liabilities and Partners' Capital |
$ 7,575,827
|
|
$ 7,001,875
|
|
|
|
|
|
| Partners' Capital %-NERA |
50.00%
|
|
50.00%
|
|
|
|
|
|
| Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures |
$ (2,536,705)
|
|
$ (1,823,109)
|
|
|
|
|
|
| Total units/ condominiums |
|
|
|
|
|
|
|
|
| Total |
50
|
|
49
|
|
|
|
48
|
|
| Hamilton Essex 81 | Apartments |
|
|
|
|
|
|
|
|
| Total units/ condominiums |
|
|
|
|
|
|
|
|
| Total | property |
49
|
|
48
|
|
|
|
|
|
| Hamilton Essex 81 | Commercial |
|
|
|
|
|
|
|
|
| Total units/ condominiums |
|
|
|
|
|
|
|
|
| Total | property |
1
|
|
1
|
|
|
|
|
|
| Hamilton Essex Development |
|
|
|
|
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
| Rental Properties |
$ 2,577,382
|
|
$ 2,579,456
|
|
|
|
|
|
| Cash & Cash Equivalents |
83,862
|
|
67,004
|
|
|
|
|
|
| Rent Receivable |
51,233
|
|
65,560
|
|
|
|
|
|
| Prepaid Expenses & Other Assets |
23,323
|
|
29,207
|
|
|
|
|
|
| Total Assets |
2,735,800
|
|
2,741,227
|
|
|
|
|
|
| LIABILITIES AND PARTNERS' CAPITAL |
|
|
|
|
|
|
|
|
| Accounts Payable & Accrued Expense |
2,000
|
|
6,311
|
|
|
|
|
|
| Total Liabilities |
2,000
|
|
6,311
|
|
|
|
|
|
| Partners' Capital |
2,733,800
|
|
2,734,916
|
|
|
|
|
|
| Total Liabilities and Partners' Capital |
$ 2,735,800
|
|
$ 2,741,227
|
|
|
|
|
|
| Partners' Capital %-NERA |
50.00%
|
|
50.00%
|
|
|
|
|
|
| Investment in Unconsolidated Joint Ventures |
$ 1,366,900
|
|
$ 1,367,458
|
|
|
|
|
|
| Total units/ condominiums |
|
|
|
|
|
|
|
|
| Total | property |
1
|
|
1
|
|
|
|
|
|
| Hamilton Essex Development | Commercial |
|
|
|
|
|
|
|
|
| Total units/ condominiums |
|
|
|
|
|
|
|
|
| Total | property |
1
|
|
1
|
|
|
|
|
|
| 345 Franklin |
|
|
|
|
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
| Rental Properties |
$ 3,699,439
|
|
$ 4,010,711
|
|
|
|
|
|
| Cash & Cash Equivalents |
42,503
|
|
65,073
|
|
|
|
|
|
| Rent Receivable |
12,081
|
|
15,696
|
|
|
|
|
|
| Real Estate Tax Escrow |
28,654
|
|
43,268
|
|
|
|
|
|
| Prepaid Expenses & Other Assets |
110,117
|
|
61,802
|
|
|
|
|
|
| Total Assets |
3,892,794
|
|
4,196,550
|
|
|
|
|
|
| LIABILITIES AND PARTNERS' CAPITAL |
|
|
|
|
|
|
|
|
| Mortgage Notes Payable |
7,851,916
|
|
8,099,455
|
|
|
|
|
|
| Accounts Payable & Accrued Expense |
71,556
|
|
64,117
|
|
|
|
|
|
| Advance Rental Pmts & Security Deposits |
364,819
|
|
258,189
|
|
|
|
|
|
| Total Liabilities |
8,288,291
|
|
8,421,761
|
|
|
|
|
|
| Partners' Capital |
(4,395,497)
|
|
(4,225,211)
|
|
|
|
|
|
| Total Liabilities and Partners' Capital |
$ 3,892,794
|
|
$ 4,196,550
|
|
|
|
|
|
| Partners' Capital %-NERA |
50.00%
|
|
50.00%
|
|
|
|
|
|
| Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures |
$ (2,197,749)
|
|
$ (2,112,606)
|
|
|
|
|
|
| Total units/ condominiums |
|
|
|
|
|
|
|
|
| Total | property |
40
|
|
40
|
|
|
|
|
|
| 345 Franklin | Apartments |
|
|
|
|
|
|
|
|
| Total units/ condominiums |
|
|
|
|
|
|
|
|
| Total | property |
40
|
|
40
|
|
|
|
|
|
| Hamilton 1025 |
|
|
|
|
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
| Rental Properties |
$ 66,867
|
|
$ 70,131
|
|
|
|
|
|
| Cash & Cash Equivalents |
15,268
|
|
14,483
|
|
|
|
|
|
| Rent Receivable |
3,582
|
|
|
|
|
|
|
|
| Prepaid Expenses & Other Assets |
1,266
|
|
7
|
|
|
|
|
|
| Total Assets |
86,983
|
|
84,621
|
|
|
|
|
|
| LIABILITIES AND PARTNERS' CAPITAL |
|
|
|
|
|
|
|
|
| Accounts Payable & Accrued Expense |
2,174
|
|
1,977
|
|
|
|
|
|
| Advance Rental Pmts & Security Deposits |
9,027
|
|
|
|
|
|
|
|
| Total Liabilities |
11,201
|
|
1,977
|
|
|
|
|
|
| Partners' Capital |
75,782
|
|
82,644
|
|
|
|
|
|
| Total Liabilities and Partners' Capital |
$ 86,983
|
|
$ 84,621
|
|
|
|
|
|
| Partners' Capital %-NERA |
50.00%
|
|
50.00%
|
|
|
|
|
|
| Investment in Unconsolidated Joint Ventures |
$ 37,891
|
|
$ 41,322
|
|
|
|
|
|
| Total units/ condominiums |
|
|
|
|
|
|
|
|
| Total |
1
|
|
1
|
|
|
|
|
176
|
| Units to be retained | item |
|
|
|
|
|
|
|
49
|
| Hamilton 1025 | Apartments |
|
|
|
|
|
|
|
|
| Total units/ condominiums |
|
|
|
|
|
|
|
|
| Total | property |
|
|
0
|
|
|
|
|
|
| Hamilton 1025 | Commercial |
|
|
|
|
|
|
|
|
| Total units/ condominiums |
|
|
|
|
|
|
|
|
| Total | property |
1
|
|
1
|
|
|
|
|
|
| Hamilton Minuteman Apts |
|
|
|
|
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
| Rental Properties |
$ 3,782,504
|
|
$ 3,847,684
|
|
|
|
|
|
| Cash & Cash Equivalents |
814,202
|
|
479,150
|
|
|
|
|
|
| Rent Receivable |
19,369
|
|
3,888
|
|
|
|
|
|
| Real Estate Tax Escrow |
34,362
|
|
32,079
|
|
|
|
|
|
| Prepaid Expenses & Other Assets |
85,374
|
|
54,603
|
|
|
|
|
|
| Total Assets |
4,735,811
|
|
4,417,404
|
|
|
|
|
|
| LIABILITIES AND PARTNERS' CAPITAL |
|
|
|
|
|
|
|
|
| Mortgage Notes Payable |
5,957,377
|
|
5,949,194
|
|
|
|
|
|
| Accounts Payable & Accrued Expense |
57,156
|
|
55,030
|
|
|
|
|
|
| Advance Rental Pmts & Security Deposits |
161,802
|
|
179,124
|
|
|
|
|
|
| Total Liabilities |
6,176,335
|
|
6,183,348
|
|
|
|
|
|
| Partners' Capital |
(1,440,524)
|
|
(1,765,944)
|
|
|
|
|
|
| Total Liabilities and Partners' Capital |
$ 4,735,811
|
|
$ 4,417,404
|
|
|
|
|
|
| Partners' Capital %-NERA |
50.00%
|
|
50.00%
|
|
|
|
|
|
| Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures |
$ (720,262)
|
|
$ (882,972)
|
|
|
|
|
|
| Total units/ condominiums |
|
|
|
|
|
|
|
|
| Total | property |
42
|
|
42
|
|
|
|
|
|
| Hamilton Minuteman Apts | Apartments |
|
|
|
|
|
|
|
|
| Total units/ condominiums |
|
|
|
|
|
|
|
|
| Total | property |
42
|
|
42
|
|
|
|
|
|
| Hamilton on Main Apts |
|
|
|
|
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
| Rental Properties |
$ 12,731,811
|
|
$ 13,180,990
|
|
|
|
|
|
| Cash & Cash Equivalents |
650,913
|
|
588,855
|
|
|
|
|
|
| Rent Receivable |
42,082
|
|
36,070
|
|
|
|
|
|
| Prepaid Expenses & Other Assets |
456,151
|
|
299,310
|
|
|
|
|
|
| Total Assets |
13,880,957
|
|
14,105,225
|
|
|
|
|
|
| LIABILITIES AND PARTNERS' CAPITAL |
|
|
|
|
|
|
|
|
| Mortgage Notes Payable |
23,390,587
|
|
23,366,292
|
|
|
|
|
|
| Accounts Payable & Accrued Expense |
227,112
|
|
240,187
|
|
|
|
|
|
| Advance Rental Pmts & Security Deposits |
556,329
|
|
483,952
|
|
|
|
|
|
| Total Liabilities |
24,174,028
|
|
24,090,431
|
|
|
|
|
|
| Partners' Capital |
(10,293,071)
|
|
(9,985,206)
|
|
|
|
|
|
| Total Liabilities and Partners' Capital |
$ 13,880,957
|
|
$ 14,105,225
|
|
|
|
|
|
| Partners' Capital %-NERA |
50.00%
|
|
50.00%
|
|
|
|
|
|
| Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures |
$ (5,146,536)
|
|
$ (4,992,603)
|
|
|
|
|
|
| Total units/ condominiums |
|
|
|
|
|
|
|
|
| Total | property |
148
|
|
148
|
|
|
|
|
|
| Hamilton on Main Apts | Apartments |
|
|
|
|
|
|
|
|
| Total units/ condominiums |
|
|
|
|
|
|
|
|
| Total | property |
148
|
|
148
|
|
|
|
|
|
| Dexter Park |
|
|
|
|
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
| Rental Properties |
$ 67,822,407
|
|
$ 69,605,017
|
|
|
|
|
|
| Cash & Cash Equivalents |
8,740,725
|
|
5,210,740
|
|
|
|
|
|
| Rent Receivable |
182,606
|
|
149,279
|
|
|
|
|
|
| Prepaid Expenses & Other Assets |
2,523,237
|
|
2,941,014
|
|
|
|
|
|
| Total Assets |
79,268,975
|
|
77,906,050
|
|
|
|
|
|
| LIABILITIES AND PARTNERS' CAPITAL |
|
|
|
|
|
|
|
|
| Mortgage Notes Payable |
124,876,139
|
|
124,811,515
|
|
$ 82,000,000
|
|
|
|
| Accounts Payable & Accrued Expense |
782,374
|
|
793,185
|
|
|
|
|
|
| Advance Rental Pmts & Security Deposits |
3,964,060
|
|
4,055,646
|
|
|
|
|
|
| Total Liabilities |
129,622,573
|
|
129,660,346
|
|
|
|
|
|
| Partners' Capital |
(50,353,598)
|
|
(51,754,296)
|
|
|
|
|
|
| Total Liabilities and Partners' Capital |
$ 79,268,975
|
|
$ 77,906,050
|
|
|
|
|
|
| Partners' Capital %-NERA |
40.00%
|
|
40.00%
|
|
|
|
|
|
| Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures |
$ (20,141,439)
|
|
$ (20,701,718)
|
|
|
|
|
|
| Total units/ condominiums |
|
|
|
|
|
|
|
|
| Total |
409
|
|
409
|
|
|
409
|
|
|
| Dexter Park | Apartments |
|
|
|
|
|
|
|
|
| Total units/ condominiums |
|
|
|
|
|
|
|
|
| Total | property |
409
|
|
409
|
|
|
|
|
|