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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Income) (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Rental Income $ 20,021,133 $ 18,804,320 $ 59,573,125 $ 54,338,011
Laundry and Sundry Income 187,902 157,322 579,876 416,354
Total Revenues 20,209,035 18,961,642 60,153,001 54,754,365
Expenses        
Administrative 679,674 642,907 2,093,671 2,247,729
Depreciation and Amortization 4,224,211 4,426,701 12,729,275 12,234,394
Management Fees 802,908 810,436 2,374,371 2,173,272
Renting 407,911 391,093 946,282 827,112
Repairs and Maintenance 3,618,610 3,611,652 9,967,034 9,853,498
Taxes and Insurance 2,495,136 2,569,250 7,487,535 7,463,651
Total Expenses 13,738,359 14,062,381 41,392,388 40,665,027
Income Before Other Income (Expense) 6,470,676 4,899,261 18,760,613 14,089,338
Other Income (Loss)        
Interest income 1,123,084 1,083,423 3,413,620 3,350,423
Total Other Income (Expense) (2,561,278) (2,724,035) (7,314,893) (7,934,770)
Net Income 3,909,398 2,175,226 11,445,720 6,154,568
Investment Properties        
Revenues        
Rental Income 6,650,694 6,363,512 19,931,422 18,768,869
Laundry and Sundry Income 51,620 63,217 178,510 104,955
Total Revenues 6,702,314 6,426,729 20,109,932 18,873,824
Expenses        
Administrative 102,561 108,968 265,286 297,486
Depreciation and Amortization 1,502,051 1,487,555 4,450,735 4,421,628
Management Fees 194,343 180,030 563,519 513,932
Operating 555,701 532,720 1,833,799 1,686,716
Renting 124,552 90,479 261,268 233,409
Repairs and Maintenance 1,106,348 923,701 2,522,346 2,358,054
Taxes and Insurance 977,416 989,164 2,856,116 2,868,638
Total Expenses 4,562,972 4,312,617 12,753,069 12,379,863
Income Before Other Income (Expense) 2,139,342 2,114,112 7,356,863 6,493,961
Other Income (Loss)        
Interest Expense (1,884,093) (1,789,373) (5,517,281) (5,362,604)
Other Income (Expense)     42,938  
Interest income 70,157   171,047  
Total Other Income (Expense) (1,813,936) (1,789,373) (5,303,296) (5,362,604)
Net Income 325,406 324,739 2,053,567 1,131,357
Proportionate share of net income (loss) 146,647 148,723 909,207 496,092
Investment Properties | NERA 50%        
Other Income (Loss)        
Proportionate share of net income (loss) 82,420 94,145 438,894 217,739
Investment Properties | NERA 40%        
Other Income (Loss)        
Proportionate share of net income (loss) 64,227 54,578 470,313 278,353
Hamilton Essex 81        
Revenues        
Rental Income 498,469 450,353 1,417,322 1,305,180
Laundry and Sundry Income 3,054 2,418 9,399 807
Total Revenues 501,523 452,771 1,426,721 1,305,987
Expenses        
Administrative 5,816 4,426 16,359 14,957
Depreciation and Amortization 118,091 117,886 350,002 352,019
Management Fees 20,302 18,730 57,488 52,475
Operating 142,906 78,368 319,903 228,886
Renting 25,469 24,988 33,103 55,933
Repairs and Maintenance 73,640 44,602 168,259 140,557
Taxes and Insurance 49,619 69,964 213,584 211,209
Total Expenses 435,843 358,964 1,158,698 1,056,036
Income Before Other Income (Expense) 65,680 93,807 268,023 249,951
Other Income (Loss)        
Interest Expense (199,679) (194,683) (593,920) (553,535)
Interest income 11,282   32,532  
Total Other Income (Expense) (188,397) (194,683) (561,388) (553,535)
Net Income (122,717) (100,876) (293,365) (303,584)
Hamilton Essex 81 | NERA 50%        
Other Income (Loss)        
Proportionate share of net income (loss) (61,359) (50,439) (146,682) (151,792)
Hamilton Essex Development        
Revenues        
Rental Income 60,471 60,471 181,413 181,413
Total Revenues 60,471 60,471 181,413 181,413
Expenses        
Administrative 1,000 778 4,000 2,278
Depreciation and Amortization 2,927 2,927 8,782 8,782
Management Fees 2,479 2,416 6,611 7,183
Taxes and Insurance 16,279 15,438 51,471 46,119
Total Expenses 22,685 21,559 70,864 64,362
Income Before Other Income (Expense) 37,786 38,912 110,549 117,051
Other Income (Loss)        
Interest income 290   1,480  
Total Other Income (Expense) 290   1,480  
Net Income 38,076 38,912 112,029 117,051
Hamilton Essex Development | NERA 50%        
Other Income (Loss)        
Proportionate share of net income (loss) 19,038 19,456 56,015 58,527
345 Franklin        
Revenues        
Rental Income 455,505 431,453 1,346,589 1,265,519
Laundry and Sundry Income   168 (236) 115
Total Revenues 455,505 431,621 1,346,353 1,265,634
Expenses        
Administrative 7,568 10,574 22,547 23,617
Depreciation and Amortization 86,596 86,878 259,392 259,744
Management Fees 17,955 16,856 52,909 49,489
Operating 18,280 13,741 59,664 70,775
Renting 12,241 16,641 22,016 34,840
Repairs and Maintenance 54,569 64,889 99,452 127,427
Taxes and Insurance 49,898 48,988 149,378 143,274
Total Expenses 247,107 258,567 665,358 709,166
Income Before Other Income (Expense) 208,398 173,054 680,995 556,468
Other Income (Loss)        
Interest Expense (83,768) (85,476) (252,874) (258,949)
Interest income 2,406   7,035  
Total Other Income (Expense) (81,362) (85,476) (245,839) (258,949)
Net Income 127,036 87,578 435,156 297,519
345 Franklin | NERA 50%        
Other Income (Loss)        
Proportionate share of net income (loss) 63,518 43,789 217,578 148,760
Hamilton 1025        
Revenues        
Rental Income 25,610 24,255 77,243 73,989
Total Revenues 25,610 24,255 77,243 73,989
Expenses        
Administrative 700 729 2,101 2,600
Depreciation and Amortization 816 816 2,448 2,448
Management Fees 1,057 1,011 3,126 3,000
Operating 123 75 86 218
Renting 30   93  
Repairs and Maintenance     1,650  
Taxes and Insurance 4,503 4,333 14,677 13,037
Total Expenses 7,229 6,964 24,181 21,303
Income Before Other Income (Expense) 18,381 17,291 53,062 52,686
Other Income (Loss)        
Interest income 211   629  
Total Other Income (Expense) 211   629  
Net Income 18,592 17,291 53,691 52,686
Hamilton 1025 | NERA 50%        
Other Income (Loss)        
Proportionate share of net income (loss) 9,296 8,645 26,846 26,343
Hamilton Minuteman        
Revenues        
Rental Income 364,435 338,729 1,076,051 977,459
Total Revenues 364,435 338,729 1,076,051 977,459
Expenses        
Administrative 4,065 3,140 14,383 12,622
Depreciation and Amortization 84,153 85,184 250,158 253,492
Management Fees 14,520 13,606 42,829 39,269
Operating 19,741 25,399 84,517 93,771
Renting 3,865 4,023 13,556 5,596
Repairs and Maintenance 42,734 32,802 103,900 77,035
Taxes and Insurance 40,197 38,211 118,953 108,611
Total Expenses 209,275 202,365 628,296 590,396
Income Before Other Income (Expense) 155,160 136,364 447,755 387,063
Other Income (Loss)        
Interest Expense (59,749) (59,586) (178,044) (177,694)
Interest income 1,991   7,454  
Total Other Income (Expense) (57,758) (59,586) (170,590) (177,694)
Net Income 97,402 76,778 277,165 209,369
Hamilton Minuteman | NERA 50%        
Other Income (Loss)        
Proportionate share of net income (loss) 48,701 38,390 138,583 104,685
Hamilton on Main Apts        
Revenues        
Rental Income 1,037,278 986,514 3,094,579 2,877,609
Laundry and Sundry Income 11,685 16,329 36,929 11,298
Total Revenues 1,048,963 1,002,843 3,131,508 2,888,907
Expenses        
Administrative 35,429 20,469 57,765 59,441
Depreciation and Amortization 273,712 266,962 807,037 796,968
Management Fees 48,469 39,514 130,703 113,643
Operating 102,651 105,437 347,123 329,701
Renting 31,214 14,099 87,951 38,553
Repairs and Maintenance 200,707 163,163 530,985 499,894
Taxes and Insurance 123,938 132,214 330,930 395,153
Total Expenses 816,120 741,858 2,292,494 2,233,353
Income Before Other Income (Expense) 232,843 260,985 839,014 655,554
Other Income (Loss)        
Interest Expense (248,334) (192,376) (633,432) (593,120)
Other Income (Expense)     42,938  
Interest income 21,940   44,590  
Total Other Income (Expense) (226,394) (192,376) (545,904) (593,120)
Net Income 6,449 68,609 293,110 62,434
Hamilton on Main Apts | NERA 50%        
Other Income (Loss)        
Proportionate share of net income (loss) 3,226 34,305 146,555 31,217
Dexter Park        
Revenues        
Rental Income 4,208,926 4,071,737 12,738,225 12,087,700
Laundry and Sundry Income 36,881 44,302 132,418 92,735
Total Revenues 4,245,807 4,116,039 12,870,643 12,180,435
Expenses        
Administrative 47,983 68,852 148,131 181,971
Depreciation and Amortization 935,756 926,902 2,772,916 2,748,175
Management Fees 89,561 87,897 269,853 248,873
Operating 272,000 309,700 1,022,506 963,365
Renting 51,733 30,728 104,549 98,487
Repairs and Maintenance 734,698 618,245 1,618,100 1,513,141
Taxes and Insurance 692,982 680,016 1,977,123 1,951,235
Total Expenses 2,824,713 2,722,340 7,913,178 7,705,247
Income Before Other Income (Expense) 1,421,094 1,393,699 4,957,465 4,475,188
Other Income (Loss)        
Interest Expense (1,292,563) (1,257,252) (3,859,011) (3,779,306)
Interest income 32,037   77,327  
Total Other Income (Expense) (1,260,526) (1,257,252) (3,781,684) (3,779,306)
Net Income 160,568 136,447 1,175,781 695,882
Dexter Park | NERA 40%        
Other Income (Loss)        
Proportionate share of net income (loss) $ 64,227 $ 54,578 $ 470,313 $ 278,353
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%