XML 94 R82.htm IDEA: XBRL DOCUMENT v3.25.0.1
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details) - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
May 31, 2018
Sep. 12, 2016
Annual maturities of mortgage debt          
2025 $ 3,579,000        
2026 25,088,000        
2027 23,328,000        
2028 31,875,000        
2029 28,301,000        
Thereafter 296,434,000        
Total 408,605,000        
Less: unamortized deferred financing costs (2,399,000)        
Secured Debt $ 406,205,910 $ 408,660,292      
Weighted average interest rate (as a percent) 4.34%        
Effective interest rate (as a percent) 4.41%        
Investment Properties          
Annual maturities of mortgage debt          
2025 $ 10,249,333        
2026 259,155        
2027 269,364        
2028 132,465,040        
Thereafter 29,589,000        
Total 172,831,892        
Less: unamortized deferred financing costs (544,196)        
Secured Debt 172,287,696 165,969,481 $ 166,090,968    
Hamilton Essex 81          
Annual maturities of mortgage debt          
2025 10,000,000        
Total 10,000,000        
Less: unamortized deferred financing costs (10,342)        
Secured Debt 9,989,658 9,975,869 9,962,080    
345 Franklin          
Annual maturities of mortgage debt          
2025 249,333        
2026 259,155        
2027 269,364        
2028 7,465,040        
Total 8,242,892        
Less: unamortized deferred financing costs (23,305)        
Secured Debt 8,219,587 8,452,812 8,676,945    
Hamilton Minuteman Apts          
Annual maturities of mortgage debt          
Thereafter 6,000,000        
Total 6,000,000        
Less: unamortized deferred financing costs (54,898)       $ (123,000)
Secured Debt 5,945,102 5,936,919 5,928,736    
Hamilton on Main Apts          
Annual maturities of mortgage debt          
Thereafter 23,589,000        
Total 23,589,000        
Less: unamortized deferred financing costs (234,856)        
Secured Debt 23,354,144 16,889,299 16,873,248    
Dexter Park          
Annual maturities of mortgage debt          
2028 125,000,000        
Total 125,000,000        
Less: unamortized deferred financing costs (220,795)        
Secured Debt $ 124,779,205 $ 124,714,582 $ 124,649,959 $ 82,000,000