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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details) - USD ($) | Mar. 31, 2017 | Mar. 31, 2016
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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
Less: unamortized deferred financing costs | $ (1,378,000) |
Weighted average interest rate (as a percent) | 4.98% |
Effective interest rate (as a percent) | 5.06% |
Investment Properties |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
3/31/2018 | $ 1,793,065 |
3/31/2019 | 1,892,247 |
3/31/2020 | 80,010,209 |
3/31/2021 | 207,527 |
3/31/2022 | 215,702 |
Thereafter | 41,780,901 |
Total | 125,899,651 |
Less: unamortized deferred financing costs | (579,492) |
Debt maturities net of unamortized deferred financing costs | 125,320,159 | $ 135,277,998
Hamilton Essex 81 |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
Thereafter | 10,000,000 |
Total | 10,000,000 |
Less: unamortized deferred financing costs | (117,207) |
Debt maturities net of unamortized deferred financing costs | 9,882,793 |
345 Franklin |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
3/31/2018 | 184,814 |
3/31/2019 | 192,094 |
3/31/2020 | 199,661 |
3/31/2021 | 207,527 |
3/31/2022 | 215,702 |
Thereafter | 8,880,901 |
Total | 9,880,699 |
Less: unamortized deferred financing costs | (74,908) |
Debt maturities net of unamortized deferred financing costs | 9,805,791 |
Hamilton 1025 |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
Thereafter | 0 |
Hamilton Bay Apts |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
Thereafter | 0 |
Hamilton Minuteman |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
Thereafter | 6,000,000 |
Total | 6,000,000 |
Less: unamortized deferred financing costs | (118,320) |
Debt maturities net of unamortized deferred financing costs | 5,881,680 |
Hamilton on Main Apts |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
Thereafter | 16,900,000 |
Total | 16,900,000 |
Less: unamortized deferred financing costs | (119,047) |
Debt maturities net of unamortized deferred financing costs | 16,780,953 |
Dexter Park |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
3/31/2018 | 1,608,251 |
3/31/2019 | 1,700,153 |
3/31/2020 | 79,810,548 |
Total | 83,118,952 |
Less: unamortized deferred financing costs | (150,010) |
Debt maturities net of unamortized deferred financing costs | $ 82,968,942 |

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