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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details) - USD ($) | Mar. 31, 2025 | Dec. 31, 2024 | Mar. 31, 2024 | May 31, 2018 | Sep. 12, 2016
--- | --- | --- | --- | --- | ---
Annual maturities of mortgage debt |  |  |  |  |
2026 | $ 22,056,000 |  |  |  |
2027 | 6,601,000 |  |  |  |
2028 | 23,239,000 |  |  |  |
2029 | 58,851,000 |  |  |  |
2030 | 814,000 |  |  |  |
Thereafter | 296,228,000 |  |  |  |
Total | 407,789,000 |  |  |  |
Less: unamortized deferred financing costs | (2,305,000) |  |  |  |
Mortgage Notes Payable | $ 405,484,379 | $ 406,205,910 |  |  |
Weighted average interest rate (as a percent) | 4.32% |  |  |  |
Effective interest rate (as a percent) | 4.39% |  |  |  |
Investment Properties |  |  |  |  |
Annual maturities of mortgage debt |  |  |  |  |
2026 | $ 10,251,753 |  |  |  |
2027 | 261,671 |  |  |  |
2028 | 271,979 |  |  |  |
2029 | 132,396,056 |  |  |  |
Thereafter | 29,589,000 |  |  |  |
Total | 172,770,459 |  |  |  |
Less: unamortized deferred financing costs | (515,670) |  |  |  |
Mortgage Notes Payable | 172,254,789 |  | $ 165,937,703 |  |
Hamilton Essex 81 |  |  |  |  |
Annual maturities of mortgage debt |  |  |  |  |
2026 | 10,000,000 |  |  |  |
Total | 10,000,000 |  |  |  |
Less: unamortized deferred financing costs | (7,756) |  |  |  |
Mortgage Notes Payable | 9,992,244 |  | 9,979,316 |  |
345 Franklin |  |  |  |  |
Annual maturities of mortgage debt |  |  |  |  |
2026 | 251,753 |  |  |  |
2027 | 261,671 |  |  |  |
2028 | 271,979 |  |  |  |
2029 | 7,396,056 |  |  |  |
Total | 8,181,459 |  |  |  |
Less: unamortized deferred financing costs | (21,640) |  |  |  |
Mortgage Notes Payable | 8,159,819 |  | 8,395,372 |  |
Hamilton Minuteman Apts |  |  |  |  |
Annual maturities of mortgage debt |  |  |  |  |
Thereafter | 6,000,000 |  |  |  |
Total | 6,000,000 |  |  |  |
Less: unamortized deferred financing costs | (52,852) |  |  |  | $ (123,000)
Mortgage Notes Payable | 5,947,148 |  | 5,938,965 |  |
Hamilton on Main Apts |  |  |  |  |
Annual maturities of mortgage debt |  |  |  |  |
Thereafter | 23,589,000 |  |  |  |
Total | 23,589,000 |  |  |  |
Less: unamortized deferred financing costs | (228,782) |  |  |  |
Mortgage Notes Payable | 23,360,218 |  | 16,893,312 |  |
Dexter Park |  |  |  |  |
Annual maturities of mortgage debt |  |  |  |  |
2029 | 125,000,000 |  |  |  |
Total | 125,000,000 |  |  |  |
Less: unamortized deferred financing costs | (204,640) |  |  |  |
Mortgage Notes Payable | $ 124,795,360 |  | $ 124,730,738 | $ 82,000,000 |

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