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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Income) (Details) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Rental Income $ 19,710,432 $ 17,568,727
Laundry and Sundry Income 182,967 122,959
Total Revenues 19,893,399 17,691,686
Expenses    
Administrative 762,019 737,101
Depreciation and Amortization 4,227,582 3,846,260
Management Fees 788,607 697,764
Renting 387,599 191,585
Repairs and Maintenance 2,847,957 2,763,136
Taxes and Insurance 2,482,368 2,470,679
Total Expenses 14,141,625 13,240,321
Income Before Other Income (Expense) 5,751,774 4,451,365
Other Income (Loss)    
Interest expense (3,907,016) (3,899,240)
Interest income 1,177,547 974,546
Total Other Income (Expense) (2,288,178) (2,696,990)
Net Income 3,463,596 1,754,375
Investment Properties    
Revenues    
Rental Income 6,707,282 6,171,830
Laundry and Sundry Income 60,876 51,870
Total Revenues 6,768,158 6,223,700
Expenses    
Administrative 85,135 74,467
Depreciation and Amortization 1,463,721 1,461,009
Management Fees 187,686 171,013
Operating 726,971 652,250
Renting 70,859 65,367
Repairs and Maintenance 591,309 571,041
Taxes and Insurance 923,744 929,370
Total Expenses 4,049,425 3,924,517
Income Before Other Income (Expense) 2,718,733 2,299,183
Other Income (Loss)    
Interest expense (1,831,139) (1,768,672)
Other Income 63,745  
Interest income 49,766  
Total Other Income (Expense) (1,717,628) (1,768,672)
Net Income 1,001,105 530,511
Proportionate share of net income (loss) 441,291 227,704
Investment Properties | NERA 50%    
Other Income (Loss)    
Proportionate share of net income (loss) 204,246  
Investment Properties | NERA 40%    
Other Income (Loss)    
Proportionate share of net income (loss) 237,045 150,196
Hamilton Essex 81    
Revenues    
Rental Income 468,478 438,988
Laundry and Sundry Income 2,776 2,703
Total Revenues 471,254 441,691
Expenses    
Administrative 5,218 4,740
Depreciation and Amortization 115,844 116,987
Management Fees 20,426 19,092
Operating 83,040 83,347
Renting 1,239 3,175
Repairs and Maintenance 38,457 54,468
Taxes and Insurance 69,343 70,934
Total Expenses 333,567 352,743
Income Before Other Income (Expense) 137,687 88,948
Other Income (Loss)    
Interest expense (197,199) (172,313)
Interest income 10,421  
Total Other Income (Expense) (186,778) (172,313)
Net Income (49,091) (83,365)
Hamilton Essex 81 | NERA 50%    
Other Income (Loss)    
Proportionate share of net income (loss) (24,546)  
Hamilton Essex Development    
Revenues    
Rental Income 60,471 60,471
Total Revenues 60,471 60,471
Expenses    
Administrative 2,000 750
Depreciation and Amortization 2,927 2,927
Management Fees 2,479 3,179
Taxes and Insurance 17,592 15,457
Total Expenses 24,998 22,313
Income Before Other Income (Expense) 35,473 38,158
Other Income (Loss)    
Interest income 772  
Total Other Income (Expense) 772  
Net Income 36,245 38,158
Hamilton Essex Development | NERA 50%    
Other Income (Loss)    
Proportionate share of net income (loss) 18,123  
345 Franklin    
Revenues    
Rental Income 443,756 411,890
Laundry and Sundry Income 6  
Total Revenues 443,762 411,890
Expenses    
Administrative 8,920 3,469
Depreciation and Amortization 86,398 86,306
Management Fees 17,417 16,137
Operating 25,865 25,379
Renting 4,095 8,256
Repairs and Maintenance 23,046 24,210
Taxes and Insurance 49,285 47,175
Total Expenses 215,026 210,932
Income Before Other Income (Expense) 228,736 200,958
Other Income (Loss)    
Interest expense (84,867) (86,958)
Interest income 2,361  
Total Other Income (Expense) (82,506) (86,958)
Net Income 146,230 114,000
345 Franklin | NERA 50%    
Other Income (Loss)    
Proportionate share of net income (loss) 73,115  
Hamilton 1025    
Revenues    
Rental Income 26,889 24,867
Total Revenues 26,889 24,867
Expenses    
Administrative 700 921
Depreciation and Amortization 816 816
Management Fees 1,062 994
Operating (212) 67
Renting 18  
Taxes and Insurance 4,676 4,500
Total Expenses 7,060 7,298
Income Before Other Income (Expense) 19,829 17,569
Other Income (Loss)    
Interest income 205  
Total Other Income (Expense) 205  
Net Income 20,034 17,569
Hamilton 1025 | NERA 50%    
Other Income (Loss)    
Proportionate share of net income (loss) 10,017  
Hamilton Minuteman    
Revenues    
Rental Income 351,447 313,502
Total Revenues 351,447 313,502
Expenses    
Administrative 6,934 3,875
Depreciation and Amortization 82,733 83,717
Management Fees 14,230 12,806
Operating 45,574 37,516
Renting 5,529 1,367
Repairs and Maintenance 29,285 20,934
Taxes and Insurance 39,168 35,358
Total Expenses 223,453 195,573
Income Before Other Income (Expense) 127,994 117,929
Other Income (Loss)    
Interest expense (59,151) (58,750)
Interest income 2,483  
Total Other Income (Expense) (56,668) (58,750)
Net Income 71,326 59,179
Hamilton Minuteman | NERA 50%    
Other Income (Loss)    
Proportionate share of net income (loss) 35,663  
Hamilton on Main Apts    
Revenues    
Rental Income 1,008,232 924,814
Laundry and Sundry Income 12,664 13,167
Total Revenues 1,020,896 937,981
Expenses    
Administrative 9,324 12,705
Depreciation and Amortization 261,252 264,509
Management Fees 40,191 37,196
Operating 134,402 128,942
Renting 27,586 11,946
Repairs and Maintenance 146,331 153,454
Taxes and Insurance 101,542 132,372
Total Expenses 720,628 741,124
Income Before Other Income (Expense) 300,268 196,857
Other Income (Loss)    
Interest expense (193,115) (187,378)
Other Income 63,745  
Interest income 12,850  
Total Other Income (Expense) (116,520) (187,378)
Net Income 183,748 9,479
Hamilton on Main Apts | NERA 50%    
Other Income (Loss)    
Proportionate share of net income (loss) 91,874  
Dexter Park    
Revenues    
Rental Income 4,348,009 3,997,298
Laundry and Sundry Income 45,430 36,000
Total Revenues 4,393,439 4,033,298
Expenses    
Administrative 52,039 48,007
Depreciation and Amortization 913,751 905,747
Management Fees 91,881 81,609
Operating 438,302 376,999
Renting 32,392 40,623
Repairs and Maintenance 354,190 317,975
Taxes and Insurance 642,138 623,574
Total Expenses 2,524,693 2,394,534
Income Before Other Income (Expense) 1,868,746 1,638,764
Other Income (Loss)    
Interest expense (1,296,807) (1,263,273)
Interest income 20,674  
Total Other Income (Expense) (1,276,133) (1,263,273)
Net Income 592,613 375,491
Dexter Park | NERA 40%    
Other Income (Loss)    
Proportionate share of net income (loss) $ 237,045 $ 150,196
NERA 50%    
Other Income (Loss)    
Ownership interest (as a percent) 50.00% 50.00%
NERA 40%    
Other Income (Loss)    
Ownership interest (as a percent) 40.00% 40.00%