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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Income) (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Rental Income $ 19,841,559 $ 17,964,963 $ 39,551,991 $ 35,533,690
Laundry and Sundry Income 209,007 136,073 391,974 259,032
Total Revenues 20,050,566 18,101,036 39,943,965 35,792,722
Expenses        
Administrative 651,978 867,721 1,413,997 1,604,822
Depreciation and Amortization 4,277,482 3,961,432 8,505,064 7,807,693
Management Fees 782,856 665,073 1,571,463 1,362,837
Renting 150,772 244,434 538,371 436,019
Repairs and Maintenance 3,500,467 3,479,071 6,348,424 6,241,845
Taxes and Insurance 2,510,031 2,423,722 4,992,399 4,894,401
Total Expenses 13,512,402 13,362,686 27,654,028 26,602,646
Income Before Other Income (Expense) 6,538,164 4,738,350 12,289,937 9,190,076
Other Income (Loss)        
Interest income 1,112,988 1,292,453 2,290,536 2,267,000
Total Other Income (Expense) (2,465,438) (2,513,746) (4,753,615) (5,210,735)
Net Income (Loss) 4,072,726 2,224,604 7,536,322 3,979,341
Investment Properties        
Revenues        
Rental Income 6,573,448 6,226,054 13,280,729 12,395,623
Laundry and Sundry Income 66,014 (2,659) 126,890 51,473
Total Revenues 6,639,462 6,223,395 13,407,619 12,447,096
Expenses        
Administrative 98,396 114,053 183,532 188,518
Depreciation and Amortization 1,484,963 1,473,063 2,948,685 2,934,073
Management Fees 181,488 162,886 369,175 333,900
Operating 551,127 501,744 1,278,099 1,153,996
Renting 65,856 77,563 136,717 142,932
Repairs and Maintenance 824,689 863,313 1,415,996 1,434,354
Taxes and Insurance 954,957 950,102 1,878,700 1,879,474
Total Expenses 4,161,476 4,142,724 8,210,904 8,067,247
Income Before Other Income (Expense) 2,477,986 2,080,671 5,196,715 4,379,849
Other Income (Loss)        
Interest Expense (1,802,252) (1,804,559) (3,633,187) (3,573,231)
Other Income (Expense)     63,745  
Interest income 51,331   100,890  
Total Other Income (Expense) (1,750,921) (1,804,559) (3,468,552) (3,573,231)
Net Income (Loss) 727,065 276,112 1,728,163 806,618
Proportionate share of net income (loss) 321,269 119,664 762,560 347,368
Investment Properties | NERA 50%        
Other Income (Loss)        
Proportionate share of net income (loss) 152,230 46,087 356,475 123,593
Investment Properties | NERA 40%        
Other Income (Loss)        
Proportionate share of net income (loss) 169,039 73,577 406,085 223,774
Hamilton Essex 81        
Revenues        
Rental Income 450,375 411,189 918,853 850,177
Laundry and Sundry Income 3,568 337 6,344 3,040
Total Revenues 453,943 411,526 925,197 853,217
Expenses        
Administrative 5,325 5,791 10,543 10,531
Depreciation and Amortization 116,067 117,146 231,911 234,133
Management Fees 16,759 14,652 37,186 33,744
Operating 93,958 67,170 176,997 150,518
Renting 6,395 27,770 7,634 30,945
Repairs and Maintenance 56,162 41,487 94,619 95,955
Taxes and Insurance 94,622 70,311 163,965 141,245
Total Expenses 389,288 344,327 722,855 697,071
Income Before Other Income (Expense) 64,655 67,199 202,342 156,146
Other Income (Loss)        
Interest Expense (197,041) (186,539) (394,241) (358,852)
Interest income 10,829   21,250  
Total Other Income (Expense) (186,212) (186,539) (372,991) (358,852)
Net Income (Loss) (121,557) (119,340) (170,649) (202,706)
Hamilton Essex 81 | NERA 50%        
Other Income (Loss)        
Proportionate share of net income (loss) (60,780) (59,670) (85,324) (101,353)
Hamilton Essex Development        
Revenues        
Rental Income 60,471 60,471 120,942 120,942
Total Revenues 60,471 60,471 120,942 120,942
Expenses        
Administrative 1,000 750 3,000 1,500
Depreciation and Amortization 2,928 2,928 5,855 5,855
Management Fees 1,653 1,589 4,132 4,768
Taxes and Insurance 17,600 15,224 35,192 30,681
Total Expenses 23,181 20,491 48,179 42,804
Income Before Other Income (Expense) 37,290 39,980 72,763 78,138
Other Income (Loss)        
Interest income 419   1,190  
Total Other Income (Expense) 419   1,190  
Net Income (Loss) 37,709 39,980 73,953 78,138
Hamilton Essex Development | NERA 50%        
Other Income (Loss)        
Proportionate share of net income (loss) 18,854 19,990 36,976 39,070
345 Franklin        
Revenues        
Rental Income 447,328 422,123 891,084 834,013
Laundry and Sundry Income (242)   (236)  
Total Revenues 447,086 422,123 890,848 834,013
Expenses        
Administrative 6,059 9,574 14,979 13,043
Depreciation and Amortization 86,398 86,560 172,796 172,866
Management Fees 17,537 16,495 34,954 32,632
Operating 15,519 31,655 41,384 57,035
Renting 5,681 9,943 9,776 18,200
Repairs and Maintenance 21,838 38,327 44,882 62,538
Taxes and Insurance 50,195 47,111 99,480 94,286
Total Expenses 203,227 239,665 418,251 450,600
Income Before Other Income (Expense) 243,859 182,458 472,597 383,413
Other Income (Loss)        
Interest Expense (84,238) (86,515) (169,105) (173,474)
Interest income 2,268   4,629  
Total Other Income (Expense) (81,970) (86,515) (164,476) (173,474)
Net Income (Loss) 161,889 95,943 308,121 209,939
345 Franklin | NERA 50%        
Other Income (Loss)        
Proportionate share of net income (loss) 80,944 47,972 154,060 104,970
Hamilton 1025        
Revenues        
Rental Income 24,745 24,867 51,633 49,735
Total Revenues 24,745 24,867 51,633 49,735
Expenses        
Administrative 700 951 1,401 1,871
Depreciation and Amortization 816 816 1,632 1,632
Management Fees 1,006 994 2,068 1,989
Operating 174 75 (38) 142
Renting 45   63  
Repairs and Maintenance 1,650   1,650  
Taxes and Insurance 5,498 4,203 10,174 8,704
Total Expenses 9,889 7,039 16,950 14,338
Income Before Other Income (Expense) 14,856 17,828 34,683 35,397
Other Income (Loss)        
Interest Expense (205)      
Interest income 418   418  
Total Other Income (Expense) 213   418  
Net Income (Loss) 15,069 17,828 35,101 35,397
Hamilton 1025 | NERA 50%        
Other Income (Loss)        
Proportionate share of net income (loss) 7,535 8,914 17,550 17,699
Hamilton Minuteman        
Revenues        
Rental Income 360,169 325,228 711,617 638,730
Total Revenues 360,169 325,228 711,617 638,730
Expenses        
Administrative 3,384 5,607 10,318 9,482
Depreciation and Amortization 83,272 84,591 166,005 168,308
Management Fees 14,079 12,857 28,309 25,663
Operating 19,202 30,856 64,776 68,372
Renting 4,161 205 9,691 1,573
Repairs and Maintenance 31,880 23,299 61,165 44,233
Taxes and Insurance 39,588 35,042 78,756 70,400
Total Expenses 195,566 192,457 419,020 388,031
Income Before Other Income (Expense) 164,603 132,771 292,597 250,699
Other Income (Loss)        
Interest Expense (59,144) (59,358) (118,295) (118,108)
Interest income 2,980   5,463  
Total Other Income (Expense) (56,164) (59,358) (112,832) (118,108)
Net Income (Loss) 108,439 73,413 179,765 132,591
Hamilton Minuteman | NERA 50%        
Other Income (Loss)        
Proportionate share of net income (loss) 54,220 36,708 89,883 66,296
Hamilton on Main Apts        
Revenues        
Rental Income 1,049,070 963,511 2,057,301 1,886,063
Laundry and Sundry Income 12,580 (15,429) 25,244  
Total Revenues 1,061,650 948,082 2,082,545 1,886,063
Expenses        
Administrative 33,819 26,269 43,143 38,973
Depreciation and Amortization 272,073 265,496 533,325 530,006
Management Fees 42,043 36,933 82,234 74,129
Operating 110,070 95,322 244,472 224,264
Renting 29,150 12,509 56,737 24,455
Repairs and Maintenance 183,947 183,276 330,278 336,730
Taxes and Insurance 105,451 130,566 206,992 262,939
Total Expenses 776,553 750,371 1,497,181 1,491,496
Income Before Other Income (Expense) 285,097 197,711 585,364 394,567
Other Income (Loss)        
Interest Expense (191,983) (213,366) (385,098) (400,743)
Other Income (Expense)     63,745  
Interest income 9,801   22,651  
Total Other Income (Expense) (182,182) (213,366) (298,702) (400,743)
Net Income (Loss) 102,915 (15,655) 286,662 (6,176)
Hamilton on Main Apts | NERA 50%        
Other Income (Loss)        
Proportionate share of net income (loss) 51,459 (7,827) 143,331 (3,088)
Dexter Park        
Revenues        
Rental Income 4,181,290 4,018,665 8,529,299 8,015,963
Laundry and Sundry Income 50,108 12,433 95,538 48,433
Total Revenues 4,231,398 4,031,098 8,624,837 8,064,396
Expenses        
Administrative 48,109 65,111 100,148 113,118
Depreciation and Amortization 923,409 915,526 1,837,161 1,821,273
Management Fees 88,411 79,366 180,292 160,975
Operating 312,204 276,666 750,508 653,665
Renting 20,424 27,136 52,816 67,759
Repairs and Maintenance 529,212 576,924 883,402 894,898
Taxes and Insurance 642,003 647,645 1,284,141 1,271,219
Total Expenses 2,563,772 2,588,374 5,088,468 4,982,907
Income Before Other Income (Expense) 1,667,626 1,442,724 3,536,369 3,081,489
Other Income (Loss)        
Interest Expense (1,269,641) (1,258,781) (2,566,448) (2,522,054)
Interest income 24,616   45,289  
Total Other Income (Expense) (1,245,025) (1,258,781) (2,521,159) (2,522,054)
Net Income (Loss) 422,601 183,943 1,015,212 559,435
Dexter Park | NERA 40%        
Other Income (Loss)        
Proportionate share of net income (loss) $ 169,039 $ 73,577 $ 406,085 $ 223,774
NERA 50%        
Other Income (Loss)        
Ownership interest (as a percent) 50.00% 50.00% 50.00% 50.00%
NERA 40%        
Other Income (Loss)        
Ownership interest (as a percent) 40.00% 40.00% 40.00% 40.00%