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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details) - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
May 31, 2018
Sep. 12, 2016
Annual maturities of mortgage debt          
2024 $ 2,853,000        
2025 3,602,000        
2026 25,112,000        
2027 23,271,000        
2028 31,875,000        
Thereafter 324,726,000        
Total 411,439,000        
Less: unamortized deferred financing costs (2,779,000)        
Secured Debt $ 408,660,292 $ 410,966,199      
Weighted average interest rate (as a percent) 4.23%        
Effective interest rate (as a percent) 4.29%        
Investment Properties          
Annual maturities of mortgage debt          
2024 $ 17,139,883        
2025 10,249,333        
2026 259,155        
2027 269,365        
2028 132,465,039        
Thereafter 6,000,000        
Total 166,382,775        
Less: unamortized deferred financing costs (413,294)        
Secured Debt 165,969,481 166,090,968 $ 166,203,707    
Hamilton Essex 81          
Annual maturities of mortgage debt          
2025 10,000,000        
Total 10,000,000        
Less: unamortized deferred financing costs (24,131)        
Secured Debt 9,975,869 9,962,080 9,948,291    
345 Franklin          
Annual maturities of mortgage debt          
2024 239,883        
2025 249,333        
2026 259,155        
2027 269,365        
2028 7,465,039        
Total 8,482,775        
Less: unamortized deferred financing costs (29,963)        
Secured Debt 8,452,812 8,676,945 8,892,331    
Hamilton Minuteman          
Annual maturities of mortgage debt          
Thereafter 6,000,000        
Total 6,000,000        
Less: unamortized deferred financing costs (63,081)       $ (123,000)
Secured Debt 5,936,919 5,928,736 5,920,552    
Hamilton on Main Apts          
Annual maturities of mortgage debt          
2024 16,900,000        
Total 16,900,000        
Less: unamortized deferred financing costs (10,701)        
Secured Debt 16,889,299 16,873,248 16,857,197    
Dexter Park          
Annual maturities of mortgage debt          
2028 125,000,000        
Total 125,000,000        
Less: unamortized deferred financing costs (285,418)        
Secured Debt $ 124,714,582 $ 124,649,959 $ 124,585,336 $ 82,000,000