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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton 1025) (Details)
Jul. 08, 2016
USD ($)
Mar. 02, 2005
USD ($)
item
Sep. 30, 2022
USD ($)
property
Dec. 31, 2021
USD ($)
Sep. 30, 2021
property
Mar. 05, 2005
USD ($)
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Investments in joint venture     $ 1,439,150 $ 1,455,888    
Outstanding amount of mortgage     $ 411,475,632 $ 370,481,390    
Hamilton 1025            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Number of units   176 176   176  
Number of units sold | item   127        
Number of units retained for long-term investment   49 (1)   (1)  
Capital contributions $ 2,359,500          
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            
Investments in joint venture   $ 2,352,000        
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     175   175