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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (345 Franklin) (Details) |  | 1 Months Ended | 3 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | ---
Sep. 12, 2016 USD ($) | Jun. 30, 2013 USD ($) | Mar. 31, 2024 USD ($) property | Mar. 31, 2023 USD ($) property | Dec. 31, 2023 USD ($) | Mar. 02, 2005 USD ($) | Nov. 30, 2001 USD ($) item
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |  |  |  |
Investments in joint venture |  |  | $ 1,416,930 |  | $ 1,441,291 | $ 2,352,000 |
Repayment of loan | $ 5,158,000 |  |  |  |  |  |
Distribution to the Partnership |  |  | 7,038,955 | $ 5,704,385 |  |  |
Outstanding amount of mortgage |  |  | $ 408,060,293 |  | $ 408,660,292 |  |
Maximum | Mortgages payable |  |  |  |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |  |  |  |
Interest rate (as a percent) |  |  | 4.95% |  |  |  |
345 Franklin |  |  |  |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |  |  |  |
Investments in joint venture |  |  |  |  |  |  | $ 1,533,000
Ownership interest (as a percent) |  |  |  |  |  |  | 50.00%
Number of units | item |  |  |  |  |  |  | 40
Distribution to the Partnership |  | $ 1,610,000 |  |  |  |  |
345 Franklin | Mortgages payable |  |  |  |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |  |  |  |
Interest rate (as a percent) |  | 3.87% |  |  |  |  |
Borrowings |  | $ 10,000,000 |  |  |  |  |
345 Franklin | Mortgage, 3.87%, June 2013 |  |  |  |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |  |  |  |
Term of debt |  | 15 years |  |  |  |  |
Outstanding amount of mortgage |  |  | $ 8,424,000 |  |  |  |
345 Franklin | Mortgage, 3.87%, June 2013 | Mortgages payable |  |  |  |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |  |  |  |
Period for which the entity is required to make interest only payments |  | 3 years |  |  |  |  |
Amortization period of debt |  | 30 years |  |  |  |  |
345 Franklin | Mortgage, Paid off June 2013 | Mortgages payable |  |  |  |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |  |  |  |
Repayment of loan |  | $ 6,776,000 |  |  |  |  |
345 Franklin |  |  |  |  |  |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |  |  |  |  |  |
Number of units | property |  |  | 40 | 40 |  |  |
Outstanding amount of mortgage |  |  | $ 8,395,372 | $ 8,621,745 |  |  |

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