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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
May 31, 2018
Sep. 12, 2016
Annual maturities of mortgage debt          
2026 $ 22,056,000        
2027 6,601,000        
2028 23,239,000        
2029 58,851,000        
2030 814,000        
Thereafter 296,228,000        
Total 407,789,000        
Less: unamortized deferred financing costs (2,305,000)        
Mortgage Notes Payable $ 405,484,379 $ 406,205,910      
Weighted average interest rate (as a percent) 4.32%        
Effective interest rate (as a percent) 4.39%        
Investment Properties          
Annual maturities of mortgage debt          
2026 $ 10,251,753        
2027 261,671        
2028 271,979        
2029 132,396,056        
Thereafter 29,589,000        
Total 172,770,459        
Less: unamortized deferred financing costs (515,670)        
Mortgage Notes Payable 172,254,789   $ 165,937,703    
Hamilton Essex 81          
Annual maturities of mortgage debt          
2026 10,000,000        
Total 10,000,000        
Less: unamortized deferred financing costs (7,756)        
Mortgage Notes Payable 9,992,244   9,979,316    
345 Franklin          
Annual maturities of mortgage debt          
2026 251,753        
2027 261,671        
2028 271,979        
2029 7,396,056        
Total 8,181,459        
Less: unamortized deferred financing costs (21,640)        
Mortgage Notes Payable 8,159,819   8,395,372    
Hamilton Minuteman Apts          
Annual maturities of mortgage debt          
Thereafter 6,000,000        
Total 6,000,000        
Less: unamortized deferred financing costs (52,852)       $ (123,000)
Mortgage Notes Payable 5,947,148   5,938,965    
Hamilton on Main Apts          
Annual maturities of mortgage debt          
Thereafter 23,589,000        
Total 23,589,000        
Less: unamortized deferred financing costs (228,782)        
Mortgage Notes Payable 23,360,218   16,893,312    
Dexter Park          
Annual maturities of mortgage debt          
2029 125,000,000        
Total 125,000,000        
Less: unamortized deferred financing costs (204,640)        
Mortgage Notes Payable $ 124,795,360   $ 124,730,738 $ 82,000,000