XML 74 R64.htm IDEA: XBRL DOCUMENT v3.24.1.u1
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