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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton 1025) (Details) |  |  | 12 Months Ended |  |
--- | --- | --- | --- | --- | ---
Jul. 08, 2016 USD ($) | Mar. 02, 2005 USD ($) item | Dec. 31, 2022 USD ($) property item | Dec. 31, 2021 USD ($) property | Dec. 31, 2020 property
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |  |
Investments in joint venture |  | $ 2,352,000 | $ 1,437,387 | $ 1,455,888 |
Outstanding amount of mortgage |  |  | $ 410,966,199 | $ 370,481,390 |
Hamilton 1025 |  |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |  |
Number of units |  | 176 | 1 | 176 | 176
Number of units sold | item |  | 127 | 2 |  |
Number of units retained for long-term investment |  | 49 | (1) | (1) | (1)
Capital contributions | $ 2,359,500 |  |  |  |
Term of debt |  | 10 years |  |  |
Gain on sale of assets |  |  | $ 306,000 |  |
Hamilton 1025 | Mortgages payable |  |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |  |
Term of debt |  | 10 years |  |  |
Interest rate (as a percent) |  | 5.67% |  |  |
Period for which the entity is required to make interest only payments |  | 5 years |  |  |
Amortization period of debt |  | 30 years |  |  |
Borrowings |  | $ 5,000,000 |  |  |
Hamilton 1025 |  |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |  |
Ownership interest (as a percent) |  | 50.00% |  |  |
Purchase price of investments |  | $ 23,750,000 |  |  |
Residential buildings | Hamilton 1025 |  |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |  |
Number of units | property |  |  |  | 0 | 175

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