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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
May 31, 2018
Sep. 12, 2016
Annual maturities of mortgage debt          
2025 $ 3,013,000        
2026 22,043,000        
2027 6,625,000        
2028 23,180,000        
2029 58,851,000        
Thereafter 297,032,000        
Total 410,744,000        
Less: unamortized deferred financing costs (2,684,000)        
Secured Debt $ 408,060,293 $ 408,660,292      
Weighted average interest rate (as a percent) 4.23%        
Effective interest rate (as a percent) 4.29%        
Investment Properties          
Annual maturities of mortgage debt          
2025 $ 17,142,212        
2026 10,251,753        
2027 261,671        
2028 271,979        
2029 132,396,056        
Thereafter 6,000,000        
Total 166,323,671        
Less: unamortized deferred financing costs (385,968)        
Secured Debt 165,937,703   $ 166,061,429    
Hamilton Essex 81          
Annual maturities of mortgage debt          
2026 10,000,000        
Total 10,000,000        
Less: unamortized deferred financing costs (20,684)        
Secured Debt 9,979,316   9,965,527    
345 Franklin          
Annual maturities of mortgage debt          
2025 242,212        
2026 251,753        
2027 261,671        
2028 271,979        
2029 7,396,056        
Total 8,423,671        
Less: unamortized deferred financing costs (28,298)        
Secured Debt 8,395,372   8,621,745    
Hamilton Minuteman          
Annual maturities of mortgage debt          
Thereafter 6,000,000        
Total 6,000,000        
Less: unamortized deferred financing costs (61,035)       $ (123,000)
Secured Debt 5,938,965   5,930,781    
Hamilton on Main Apts          
Annual maturities of mortgage debt          
2025 16,900,000        
Total 16,900,000        
Less: unamortized deferred financing costs (6,688)        
Secured Debt 16,893,312   16,877,261    
Dexter Park          
Annual maturities of mortgage debt          
2029 125,000,000        
Total 125,000,000        
Less: unamortized deferred financing costs (269,263)        
Secured Debt $ 124,730,738   $ 124,666,115 $ 82,000,000