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Mortgages Payable (Details) - Schedule of mortgages payable - USD ($)

3 Months Ended

Oct. 31, 2024

Jul. 31, 2024

Extinguishment of Debt [Line Items]

Deferred financing costs

$ (6,991)

$ (16,519)

Net

$ 3,547,709

3,874,246

Long-Term Debt [Member] | Bond St. building, Brooklyn, NY [Member]

Extinguishment of Debt [Line Items]

Current Annual Interest Rate

^[1]

4.375%

Final Payment Date

^[1]

Dec. 01, 2024

Long term loan

^[1]

$ 199,932

497,045

Long-Term Debt [Member] | Fishkill building [Member]

Extinguishment of Debt [Line Items]

Current Annual Interest Rate

^[2]

3.98%

Final Payment Date

^[2]

Apr. 01, 2025

Long term loan

^[2]

$ 3,354,768

$ 3,393,720

[1]

In November 2019, the Company refinanced the remaining balance of a $6,000,000, 3.54% interest rate loan with another bank for $5,255,920 plus an additional $144,080 for a total of $5,400,000. The interest rate on the new loan is fixed at 4.375%. The loan is self-liquidating over a period of five years and secured by the Nine Bond Street land and building in Brooklyn, New York.

[2]

In March 2020, the Company obtained a loan with a bank in the amount of $4,000,000 to finance renovations and brokerage commissions relating to space leased to a community college at the Fishkill, New York building. The loan is secured by the Fishkill, New York land and building; amortized over a 20-year period with an interest rate of 3.98% and is due in five years. Effective any time after April 1, 2025 through April 1, 2040, the bank may demand a balloon payment for the full amount outstanding. The Company plans to refinance the mortgage effective April 1, 2025; however, the bank is under no obligation to refinance if or when a balloon payment comes due upon demand.

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