XML 80 R70.htm IDEA: XBRL DOCUMENT v3.24.3
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details) - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Sep. 30, 2023
May 31, 2018
Sep. 12, 2016
Annual maturities of mortgage debt          
2025 $ 3,399,000        
2026 25,217,000        
2027 3,216,000        
2028 52,323,000        
2029 28,556,000        
Thereafter 296,630,000        
Total 409,341,000        
Less: unamortized deferred financing costs (2,494,000)        
Secured Debt $ 406,846,877 $ 408,660,292      
Weighted average interest rate (as a percent) 4.38%        
Effective interest rate (as a percent) 4.44%        
Investment Properties          
Annual maturities of mortgage debt          
2025 $ 10,246,936        
2026 256,664        
2027 266,775        
2028 132,533,359        
Thereafter 29,589,000        
Total 172,892,734        
Less: unamortized deferred financing costs (573,583)        
Secured Debt 172,319,151   $ 166,000,690    
Hamilton Essex 81          
Annual maturities of mortgage debt          
2025 10,000,000        
Total 10,000,000        
Less: unamortized deferred financing costs (13,789)        
Secured Debt 9,986,211   9,972,422    
345 Franklin          
Annual maturities of mortgage debt          
2025 246,936        
2026 256,664        
2027 266,775        
2028 7,533,359        
Total 8,303,734        
Less: unamortized deferred financing costs (24,969)        
Secured Debt 8,278,765   8,509,683    
Hamilton Minuteman          
Annual maturities of mortgage debt          
Thereafter 6,000,000        
Total 6,000,000        
Less: unamortized deferred financing costs (56,944)       $ (123,000)
Secured Debt 5,943,056   5,934,873    
Hamilton on Main Apts          
Annual maturities of mortgage debt          
Thereafter 23,589,000        
Total 23,589,000        
Less: unamortized deferred financing costs (240,930)        
Secured Debt 23,348,070   16,885,286    
Dexter Park          
Annual maturities of mortgage debt          
2028 125,000,000        
Total 125,000,000        
Less: unamortized deferred financing costs (236,951)        
Secured Debt $ 124,763,049   $ 124,698,426 $ 82,000,000