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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton on Main) (Details) |  |  | 1 Months Ended | 12 Months Ended |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Sep. 12, 2016 USD ($) | Aug. 31, 2004 USD ($) item | Aug. 31, 2014 USD ($) | Dec. 31, 2022 USD ($) property | Dec. 31, 2021 USD ($) property | Dec. 31, 2020 USD ($) property | Dec. 31, 2005 USD ($) item | Jun. 16, 2022 USD ($) | Jun. 15, 2022 USD ($) | Nov. 30, 2021 USD ($) | Nov. 29, 2021 USD ($) | Mar. 02, 2005 USD ($)
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |  |  |  |  |  |  |  |  |
Investments in joint venture |  |  |  | $ 1,437,387 | $ 1,455,888 |  |  |  |  |  |  | $ 2,352,000
Mortgage amount |  |  |  |  |  |  |  | $ 80,284,000 | $ 37,065,000 | $ 156,000,000 | $ 65,305,000 |
Outstanding amount of mortgage |  |  |  | 410,966,199 | 370,481,390 |  |  |  |  |  |  |
Repayment of loan | $ 5,158,000 |  |  |  |  |  |  |  |  |  |  |
Distribution to the Partnership |  |  |  | $ 9,267,981 | $ 4,673,140 | $ 4,675,754 |  |  |  |  |  |
Hamilton on Main Apts |  |  |  |  |  |  |  |  |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |  |  |  |  |  |  |  |  |
Purchase price of real estate properties |  | $ 56,000,000 |  |  |  |  |  |  |  |  |  |
Number of units |  | 280 |  | 148 | 148 | 148 |  |  |  |  |  |
Number of units sold | item |  | 137 |  |  |  |  |  |  |  |  |  |
Term of debt |  |  |  |  |  |  | 10 years |  |  |  |  |
Number of buildings | item |  |  |  |  |  |  | 3 |  |  |  |  |
Outstanding amount of mortgage |  |  |  | $ 16,873,248 | $ 16,857,197 | $ 16,841,145 |  |  |  |  |  |
Period for which the entity is required to make interest only payments |  |  |  |  |  |  | 3 years |  |  |  |  |
Distribution to the Partnership |  |  | $ 850,000 |  |  |  |  |  |  |  |  |
Carrying value |  |  |  |  | $ 0 |  |  |  |  |  |  |
Hamilton on Main Apts | Mortgage, 5.18%, 2005 |  |  |  |  |  |  |  |  |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |  |  |  |  |  |  |  |  |
Mortgage amount |  |  |  |  |  |  | $ 16,825,000 |  |  |  |  |
Interest rate (as a percent) |  |  |  |  |  |  | 5.18% |  |  |  |  |
Amortization period of debt |  |  |  |  |  |  | 30 years |  |  |  |  |
Term excluding period for which interest only payments to be made |  |  |  |  |  |  | 7 years |  |  |  |  |
Net proceeds after funding escrow accounts and closing costs |  |  |  |  |  |  | $ 16,700,000 |  |  |  |  |
Repayment of loan |  |  | $ 15,205,000 |  |  |  |  |  |  |  |  |
Hamilton on Main Apts | Mortgage, 4.34%, August 2014 |  |  |  |  |  |  |  |  |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |  |  |  |  |  |  |  |  |
Term of debt |  |  | 10 years |  |  |  |  |  |  |  |  |
Mortgage amount |  |  | $ 16,900,000 |  |  |  |  |  |  |  |  |
Interest rate (as a percent) |  |  | 4.34% |  |  |  |  |  |  |  |  |
Closing Costs |  |  | $ 161,000 |  |  |  |  |  |  |  |  |
Hamilton on Main Apartments, LLC |  |  |  |  |  |  |  |  |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |  |  |  |  |  |  |  |  |
Investments in joint venture |  | $ 8,000,000 |  |  |  |  |  |  |  |  |  |
Ownership interest (as a percent) |  | 50.00% |  |  |  |  |  |  |  |  |  |
NERA 50% |  |  |  |  |  |  |  |  |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |  |  |  |  |  |  |  |  |
Ownership interest (as a percent) |  |  |  | 50.00% | 50.00% | 50.00% |  |  |  |  |  |
Residential buildings | Hamilton on Main Apts |  |  |  |  |  |  |  |  |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |  |  |  |  |  |  |  |  |
Number of units | property |  |  |  | 148 | 148 | 148 |  |  |  |  |  |

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