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Investment in Real Estate
12 Months Ended
Dec. 31, 2024
Investment in Real Estate [Abstract]  
INVESTMENT IN REAL ESTATE

NOTE 7 - INVESTMENT IN REAL ESTATE

 

At December 31, 2024 and 2023, investment in real estate consisted of the following:

 

   Useful Life  December 31, 2024   December 31, 2023 
Commercial real property building  39 Years  $7,708,571   $7,708,571 
Improvement  12 Years   529,372    529,372 
       8,237,943    8,237,943 
Less: accumulated depreciation      (1,215,222)   (1,046,539)
      $7,022,721   $7,191,404 

 

For both the years ended December 31, 2024 and 2023, depreciation expense of this commercial real property amounted to $168,683, which was included in real property operating expenses.