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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details) - USD ($) | Sep. 30, 2024 | Dec. 31, 2023 | Sep. 30, 2023 | May 31, 2018 | Sep. 12, 2016
--- | --- | --- | --- | --- | ---
Annual maturities of mortgage debt |  |  |  |  |
2025 | $ 3,399,000 |  |  |  |
2026 | 25,217,000 |  |  |  |
2027 | 3,216,000 |  |  |  |
2028 | 52,323,000 |  |  |  |
2029 | 28,556,000 |  |  |  |
Thereafter | 296,630,000 |  |  |  |
Total | 409,341,000 |  |  |  |
Less: unamortized deferred financing costs | (2,494,000) |  |  |  |
Secured Debt | $ 406,846,877 | $ 408,660,292 |  |  |
Weighted average interest rate (as a percent) | 4.38% |  |  |  |
Effective interest rate (as a percent) | 4.44% |  |  |  |
Investment Properties |  |  |  |  |
Annual maturities of mortgage debt |  |  |  |  |
2025 | $ 10,246,936 |  |  |  |
2026 | 256,664 |  |  |  |
2027 | 266,775 |  |  |  |
2028 | 132,533,359 |  |  |  |
Thereafter | 29,589,000 |  |  |  |
Total | 172,892,734 |  |  |  |
Less: unamortized deferred financing costs | (573,583) |  |  |  |
Secured Debt | 172,319,151 |  | $ 166,000,690 |  |
Hamilton Essex 81 |  |  |  |  |
Annual maturities of mortgage debt |  |  |  |  |
2025 | 10,000,000 |  |  |  |
Total | 10,000,000 |  |  |  |
Less: unamortized deferred financing costs | (13,789) |  |  |  |
Secured Debt | 9,986,211 |  | 9,972,422 |  |
345 Franklin |  |  |  |  |
Annual maturities of mortgage debt |  |  |  |  |
2025 | 246,936 |  |  |  |
2026 | 256,664 |  |  |  |
2027 | 266,775 |  |  |  |
2028 | 7,533,359 |  |  |  |
Total | 8,303,734 |  |  |  |
Less: unamortized deferred financing costs | (24,969) |  |  |  |
Secured Debt | 8,278,765 |  | 8,509,683 |  |
Hamilton Minuteman |  |  |  |  |
Annual maturities of mortgage debt |  |  |  |  |
Thereafter | 6,000,000 |  |  |  |
Total | 6,000,000 |  |  |  |
Less: unamortized deferred financing costs | (56,944) |  |  |  | $ (123,000)
Secured Debt | 5,943,056 |  | 5,934,873 |  |
Hamilton on Main Apts |  |  |  |  |
Annual maturities of mortgage debt |  |  |  |  |
Thereafter | 23,589,000 |  |  |  |
Total | 23,589,000 |  |  |  |
Less: unamortized deferred financing costs | (240,930) |  |  |  |
Secured Debt | 23,348,070 |  | 16,885,286 |  |
Dexter Park |  |  |  |  |
Annual maturities of mortgage debt |  |  |  |  |
2028 | 125,000,000 |  |  |  |
Total | 125,000,000 |  |  |  |
Less: unamortized deferred financing costs | (236,951) |  |  |  |
Secured Debt | $ 124,763,049 |  | $ 124,698,426 | $ 82,000,000 |

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