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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details) - USD ($) | Mar. 31, 2024 | Dec. 31, 2023 | Mar. 31, 2023 | May 31, 2018 | Sep. 12, 2016
--- | --- | --- | --- | --- | ---
Annual maturities of mortgage debt |  |  |  |  |
2025 | $ 3,013,000 |  |  |  |
2026 | 22,043,000 |  |  |  |
2027 | 6,625,000 |  |  |  |
2028 | 23,180,000 |  |  |  |
2029 | 58,851,000 |  |  |  |
Thereafter | 297,032,000 |  |  |  |
Total | 410,744,000 |  |  |  |
Less: unamortized deferred financing costs | (2,684,000) |  |  |  |
Secured Debt | $ 408,060,293 | $ 408,660,292 |  |  |
Weighted average interest rate (as a percent) | 4.23% |  |  |  |
Effective interest rate (as a percent) | 4.29% |  |  |  |
Investment Properties |  |  |  |  |
Annual maturities of mortgage debt |  |  |  |  |
2025 | $ 17,142,212 |  |  |  |
2026 | 10,251,753 |  |  |  |
2027 | 261,671 |  |  |  |
2028 | 271,979 |  |  |  |
2029 | 132,396,056 |  |  |  |
Thereafter | 6,000,000 |  |  |  |
Total | 166,323,671 |  |  |  |
Less: unamortized deferred financing costs | (385,968) |  |  |  |
Secured Debt | 165,937,703 |  | $ 166,061,429 |  |
Hamilton Essex 81 |  |  |  |  |
Annual maturities of mortgage debt |  |  |  |  |
2026 | 10,000,000 |  |  |  |
Total | 10,000,000 |  |  |  |
Less: unamortized deferred financing costs | (20,684) |  |  |  |
Secured Debt | 9,979,316 |  | 9,965,527 |  |
345 Franklin |  |  |  |  |
Annual maturities of mortgage debt |  |  |  |  |
2025 | 242,212 |  |  |  |
2026 | 251,753 |  |  |  |
2027 | 261,671 |  |  |  |
2028 | 271,979 |  |  |  |
2029 | 7,396,056 |  |  |  |
Total | 8,423,671 |  |  |  |
Less: unamortized deferred financing costs | (28,298) |  |  |  |
Secured Debt | 8,395,372 |  | 8,621,745 |  |
Hamilton Minuteman |  |  |  |  |
Annual maturities of mortgage debt |  |  |  |  |
Thereafter | 6,000,000 |  |  |  |
Total | 6,000,000 |  |  |  |
Less: unamortized deferred financing costs | (61,035) |  |  |  | $ (123,000)
Secured Debt | 5,938,965 |  | 5,930,781 |  |
Hamilton on Main Apts |  |  |  |  |
Annual maturities of mortgage debt |  |  |  |  |
2025 | 16,900,000 |  |  |  |
Total | 16,900,000 |  |  |  |
Less: unamortized deferred financing costs | (6,688) |  |  |  |
Secured Debt | 16,893,312 |  | 16,877,261 |  |
Dexter Park |  |  |  |  |
Annual maturities of mortgage debt |  |  |  |  |
2029 | 125,000,000 |  |  |  |
Total | 125,000,000 |  |  |  |
Less: unamortized deferred financing costs | (269,263) |  |  |  |
Secured Debt | $ 124,730,738 |  | $ 124,666,115 | $ 82,000,000 |

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