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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details) - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
May 31, 2018
Annual maturities of mortgage debt        
Secured Debt $ 283,444,533 $ 281,771,246    
Weighted average interest rate (as a percent) 3.91%      
Effective interest rate (as a percent) 3.98%      
Investment Properties        
Annual maturities of mortgage debt        
2021-current maturities $ 213,629      
2022 222,044      
2023 230,791      
2024 17,139,883      
2025 10,249,333      
Thereafter 138,993,558      
Total 167,049,238      
Less: unamortized deferred financing costs (741,209)      
Secured Debt 166,308,029 166,404,256 $ 166,492,692  
Hamilton Essex 81        
Annual maturities of mortgage debt        
2025 10,000,000      
Total 10,000,000      
Less: unamortized deferred financing costs (65,498)      
Secured Debt 9,934,502 9,920,713 9,906,924  
345 Franklin        
Annual maturities of mortgage debt        
2021-current maturities 213,629      
2022 222,044      
2023 230,791      
2024 239,883      
2025 249,333      
Thereafter 7,993,558      
Total 9,149,238      
Less: unamortized deferred financing costs (49,937)      
Secured Debt 9,099,301 9,298,174 9,489,257  
Hamilton Minuteman        
Annual maturities of mortgage debt        
Thereafter 6,000,000      
Total 6,000,000      
Less: unamortized deferred financing costs (87,632)      
Secured Debt 5,912,368 5,904,185 5,896,001  
Hamilton on Main Apts        
Annual maturities of mortgage debt        
2024 16,900,000      
Total 16,900,000      
Less: unamortized deferred financing costs (58,855)      
Secured Debt 16,841,145 16,825,094 16,809,043  
Dexter Park        
Annual maturities of mortgage debt        
Thereafter 125,000,000      
Total 125,000,000      
Less: unamortized deferred financing costs (479,287)      
Secured Debt $ 124,520,713 $ 124,456,090 $ 124,391,467 $ 82,000,000