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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Sep. 30, 2019
May 31, 2018
Oct. 13, 2016
Annual maturities of mortgage debt          
2021-current maturities $ 2,443,000        
2022 2,569,000        
2023 102,651,000        
2024 10,935,000        
2025 3,260,000        
Thereafter 163,475,000        
Total 285,333,000        
Less: unamortized deferred financing costs (1,405,000)        
Secured Debt $ 283,927,890 $ 281,771,246      
Weighted average interest rate (as a percent) 3.91%        
Effective interest rate (as a percent) 3.98%        
Investment Properties          
Annual maturities of mortgage debt          
2021-current maturities $ 211,575        
2022 219,910        
2023 228,573        
2024 17,137,577        
2025 10,246,936        
Thereafter 139,056,797        
Total 167,101,368        
Less: unamortized deferred financing costs (768,536)        
Secured Debt 166,332,832   $ 166,427,083    
Hamilton Essex 81          
Annual maturities of mortgage debt          
2025 10,000,000        
Total 10,000,000        
Less: unamortized deferred financing costs (68,945)        
Secured Debt 9,931,055   9,917,266    
345 Franklin          
Annual maturities of mortgage debt          
2021-current maturities 211,575        
2022 219,910        
2023 228,573        
2024 237,577        
2025 246,936        
Thereafter 8,056,797        
Total 9,201,368        
Less: unamortized deferred financing costs (51,602)        
Secured Debt 9,149,766   9,346,663    
Hamilton Minuteman          
Annual maturities of mortgage debt          
Thereafter 6,000,000        
Total 6,000,000        
Less: unamortized deferred financing costs (89,678)       $ (123,000)
Secured Debt 5,910,322   5,902,139    
Hamilton on Main Apts          
Annual maturities of mortgage debt          
2024 16,900,000        
Total 16,900,000        
Less: unamortized deferred financing costs (62,868)        
Secured Debt 16,837,132   16,821,081    
Dexter Park          
Annual maturities of mortgage debt          
Thereafter 125,000,000        
Total 125,000,000        
Less: unamortized deferred financing costs (495,443)        
Secured Debt $ 124,504,557   $ 124,439,934 $ 82,000,000