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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Jun. 30, 2023
May 31, 2018
Sep. 12, 2016
Annual maturities of mortgage debt          
2025 $ 3,196,000        
2026 21,931,000        
2027 6,595,000        
2028 23,165,000        
2029 58,327,000        
Thereafter 296,832,000        
Total 410,046,000        
Less: unamortized deferred financing costs (2,589,000)        
Secured Debt $ 407,457,271 $ 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 $ 17,144,563        
2026 10,254,197        
2027 264,211        
2028 125,274,619        
2029 7,326,402        
Thereafter 6,000,000        
Total 166,263,992        
Less: unamortized deferred financing costs (358,642)        
Secured Debt 165,905,350   $ 166,031,339    
Hamilton Essex 81          
Annual maturities of mortgage debt          
2026 10,000,000        
Total 10,000,000        
Less: unamortized deferred financing costs (17,236)        
Secured Debt 9,982,764   9,968,975    
345 Franklin          
Annual maturities of mortgage debt          
2025 244,563        
2026 254,197        
2027 264,211        
2028 274,619        
2029 7,326,402        
Total 8,363,992        
Less: unamortized deferred financing costs (26,634)        
Secured Debt 8,337,358   8,565,993    
Hamilton Minuteman          
Annual maturities of mortgage debt          
Thereafter 6,000,000        
Total 6,000,000        
Less: unamortized deferred financing costs (58,990)       $ (123,000)
Secured Debt 5,941,010   5,932,827    
Hamilton on Main Apts          
Annual maturities of mortgage debt          
2025 16,900,000        
Total 16,900,000        
Less: unamortized deferred financing costs (2,675)        
Secured Debt 16,897,325   16,881,274    
Dexter Park          
Annual maturities of mortgage debt          
2028 125,000,000        
Total 125,000,000        
Less: unamortized deferred financing costs (253,107)        
Secured Debt $ 124,746,893   $ 124,682,270 $ 82,000,000