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REAL ESTATE AND ACCUMULATED DEPRECIATION | 12 Months Ended
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Jul. 31, 2024
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract] |
REAL ESTATE AND ACCUMULATED DEPRECIATION | SCHEDULE III J.W. MAYS, INC. REAL ESTATE AND ACCUMULATED DEPRECIATION July 31, 2024
Description |  | Encumbrances |  |  | Land |  |  | Building & Improvements |  |  | Improvements |  |  | Carried Cost |  |  | Land |  |  | Building & Improvements |  |  | Total |  |  | Accumulated Depreciation |  |  | Date of Construction |  |  | Date Acquired |  |  | Statement is Computed |
Col. A |  | Col. B |  |  | Col. C |  |  | Col. D |  |  | Col. E |  |  | Col. F |  |  | Col. G |  |  | Col. H |  |  | Col. I |
|  |  |  |  | Initial Cost to Company |  |  | Cost Capitalized Subsequent to Acquisition |  |  | Gross Amount at Which Carried At Close of Period |  |  |  |  |  |  |  |  |  |  |  | Life on Which Depreciation in Latest Income |
Description |  | Encumbrances |  |  | Land |  |  | Building & Improvements |  |  | Improvements |  |  | Carried Cost |  |  | Land |  |  | Building & Improvements |  |  | Total |  |  | Accumulated Depreciation |  |  | Date of Construction |  |  | Date Acquired |  |  | Statement is Computed |
Office and Rental Buildings Brooklyn, New York Fulton Street at Bond Street |  | $ | 497,045 |  |  | $ | 3,901,349 |  |  | $ | 7,403,468 |  |  | $ | 26,730,537 |  |  | $ | — |  |  | $ | 3,901,349 |  |  | $ | 34,134,005 |  |  | $ | 38,035,354 |  |  | $ | 17,040,480 |  |  |  | Various |  |  |  | Various |  |  |  | (1)(2) |
Jamaica, New York Jamaica Avenue at 169th Street |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 688,744 |  |  |  | — |  |  |  | — |  |  |  | 688,744 |  |  |  | 688,744 |  |  |  | 177,597 |  |  |  | 1959 |  |  |  | 1959 |  |  |  | (3) |
Fishkill, New York Route 9 at Interstate Highway 84 |  |  | 3,393,720 |  |  |  | 594,723 |  |  |  | 7,212,116 |  |  |  | 16,741,557 |  |  |  | — |  |  |  | 594,723 |  |  |  | 23,953,673 |  |  |  | 24,548,396 |  |  |  | 10,834,178 |  |  |  | 10/74 |  |  |  | 11/72 |  |  |  | (1) |
Brooklyn, New York Jowein Building Fulton Street and Elm Place |  |  | — |  |  |  | 1,324,957 |  |  |  | 728,327 |  |  |  | 17,595,368 |  |  |  | — |  |  |  | 1,324,957 |  |  |  | 18,323,695 |  |  |  | 19,648,652 |  |  |  | 8,044,923 |  |  |  | 1915 |  |  |  | 1950 |  |  |  | (1)(2) |
Levittown, New York Hempstead Turnpike |  |  | — |  |  |  | 125,927 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 125,927 |  |  |  | — |  |  |  | 125,927 |  |  |  | — |  |  |  | 4/69 |  |  |  | 6/62 |  |  |  | (1) |
Circleville, Ohio Tarlton Road |  |  | — |  |  |  | 120,849 |  |  |  | 4,388,456 |  |  |  | 113,620 |  |  |  | — |  |  |  | 120,849 |  |  |  | 4,502,076 |  |  |  | 4,622,925 |  |  |  | 3,476,843 |  |  |  | 9/92 |  |  |  | 12/92 |  |  |  | (1) |
Total(A) |  | $ | 3,890,765 |  |  | $ | 6,067,805 |  |  | $ | 19,732,367 |  |  | $ | 61,869,826 |  |  | $ | — |  |  | $ | 6,067,805 |  |  | $ | 81,602,193 |  |  | $ | 87,669,998 |  |  | $ | 39,574,021 |  |  |  |  |  |  |  |  |  |  |  |  |
(1) | Building and improvements 18–40 years
(2) | Improvements to leased property 3–40 years
(3) | Upon lease termination in 2035, the building and all improvements will be turned over to the landlord as property owner (See Notes 1 and 10 to the Accompanying Consolidated Financial Statements). Leasehold improvements are amortized over the life of the lease.
(A) | Does not include Office Furniture and Equipment and Transportation Equipment in the amount of $295,156 and Accumulated Depreciation thereon of $229,353 at July 31, 2024.
|  | Year Ended July 31, |
|  | 2024 |  |  | 2023 |
Investment in Real Estate |  |  |  |  |  |  |  |
Balance at Beginning of Year |  | $ | 85,185,857 |  |  | $ | 84,139,551 |
Improvements |  |  | 2,484,141 |  |  |  | 1,046,306 |
Retirements |  |  | — |  |  |  | — |
Balance at End of Year |  | $ | 87,669,998 |  |  | $ | 85,185,857 |
Accumulated Depreciation |  |  |  |  |  |  |  |
Balance at Beginning of Year |  | $ | 37,885,631 |  |  | $ | 36,244,642 |
Additions Charged to Costs and Expenses |  |  | 1,688,390 |  |  |  | 1,640,989 |
Retirements |  |  | — |  |  |  | — |
Balance at End of Year |  | $ | 39,574,021 |  |  | $ | 37,885,631 |

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- Definition The entire disclosure of real estate investments and associated accumulated depreciation for entities with a significant portion of their business acquiring and holding investment real estate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 28 -Publisher SEC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 970 -SubTopic 360 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-28) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478979/970-360-S99-1 + Details
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