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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton 1025) (Details)
Jul. 08, 2016
USD ($)
Mar. 02, 2005
USD ($)
item
Dec. 31, 2023
USD ($)
property
Dec. 31, 2022
USD ($)
property
Dec. 31, 2021
property
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES          
Investments in joint venture   $ 2,352,000 $ 1,441,291 $ 1,437,387  
Outstanding amount of mortgage     $ 408,660,292 $ 410,966,199  
Hamilton 1025          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES          
Number of units   176 176 176 176
Number of units sold | item   127      
Unsold units | property         175
Number of units retained for long-term investment   49 (1) (1) (1)
Capital contributions $ 2,359,500        
Term of debt   10 years      
Hamilton 1025 | Mortgages payable          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES          
Term of debt   10 years      
Interest rate (as a percent)   5.67%      
Period for which the entity is required to make interest only payments   5 years      
Amortization period of debt   30 years      
Borrowings   $ 5,000,000      
Hamilton 1025          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES          
Ownership interest (as a percent)   50.00%      
Purchase price of investments   $ 23,750,000      
Residential buildings | Hamilton 1025          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES          
Number of units | property     175 175 175