FAIR VALUE MEASUREMENTS - Available for Sale (Details) - USD ($)
|
12 Months Ended |
|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Mar. 02, 2017 |
| Fair Value of Financial Instruments |
|
|
|
|
| Line of credit, gross |
$ 10,000,000
|
$ 18,250,000
|
|
|
| Available-for-sale securities: |
|
|
|
|
| Equity securities |
|
32,000
|
|
|
| Available-for-sale securities |
|
|
|
|
| Aggregate cost of available-for-sale securities |
5,300
|
|
|
|
| Unrealized gain on available-for-sale securities |
|
27,000
|
|
|
| Net proceeds on sale - investment in BRT Realty Trust (related party) |
33,000
|
|
$ 266,000
|
|
| Gain on sale of available-for-sale securities (to related party in 2014) |
27,000
|
|
134,000
|
|
| Gain reclassified from accumulated other comprehensive loss on the balance sheet into earnings |
27,000
|
|
$ 132,000
|
|
| Facility |
|
|
|
|
| Fair Value of Financial Instruments |
|
|
|
|
| Line of credit, gross |
10,000,000
|
18,250,000
|
|
$ 5,000,000
|
| Recurring |
|
|
|
|
| Available-for-sale securities: |
|
|
|
|
| Equity securities |
33,000
|
|
|
|
| Recurring | Carrying and fair Value |
|
|
|
|
| Available-for-sale securities: |
|
|
|
|
| Equity securities |
|
32,000
|
|
|
| Recurring | Interest rate swap | Carrying and fair Value |
|
|
|
|
| Available-for-sale securities: |
|
|
|
|
| Derivative financial instruments |
1,257,000
|
|
|
|
| Financial liabilities: |
|
|
|
|
| Derivative financial instruments |
2,695,000
|
4,299,000
|
|
|
| Recurring | Level 1 |
|
|
|
|
| Available-for-sale securities: |
|
|
|
|
| Equity securities |
|
32,000
|
|
|
| Recurring | Level 2 | Interest rate swap |
|
|
|
|
| Available-for-sale securities: |
|
|
|
|
| Derivative financial instruments |
1,257,000
|
|
|
|
| Financial liabilities: |
|
|
|
|
| Derivative financial instruments |
2,695,000
|
4,299,000
|
|
|
| BRT Realty Trust | Gould Investors L.P. |
|
|
|
|
| Available-for-sale securities |
|
|
|
|
| Number of shares sold to related party |
|
|
37,081
|
|
| Net proceeds on sale - investment in BRT Realty Trust (related party) |
|
|
$ 266,000
|
|
| Period based on which average of the closing prices considered for proceeds from related party |
|
|
30 days
|
|
| Cost of shares sold to related party |
|
|
$ 132,000
|
|
| Gain on sale of available-for-sale securities (to related party in 2014) |
|
|
134,000
|
|
| Gain reclassified from accumulated other comprehensive loss on the balance sheet into earnings |
|
|
$ 132,000
|
|
| Mortgages payable |
|
|
|
|
| Fair Value of Financial Instruments |
|
|
|
|
| Estimated fair value of mortgages payable |
413,916,000
|
346,614,000
|
|
|
| Carrying value of mortgage loans |
399,192,000
|
334,428,000
|
|
|
| Excess of fair value over carrying value |
$ 14,724,000
|
$ 12,186,000
|
|
|
| Blended or estimated market interest rate (as a percent) |
3.74%
|
4.07%
|
|
|
| Weighted average remaining term of the mortgages |
9 years 3 months 18 days
|
8 years 10 months 24 days
|
|
|