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Deposits and Costs Coincident to Acquisition of Land for Development (Tables)
6 Months Ended
Jun. 30, 2022
Real Estate [Abstract]  
Schedule of Deposits and Costs Coincident to Acquisition of Land for Development

Deposits and costs coincident to acquisition of land for development are summarized as follows:

  

   June 30, 2022   December 31, 2021 
         
Lacey Township, New Jersey, Pines contract:          
           
Cost to acquire contract   1,115,577    1,115,577 
Site engineering, permits, and other costs   597,722    364,066 
Total Pines contract   1,713,299    1,479,643 
           
Berkeley Township, New Jersey, Tallwoods contract:          
Deposit   10,000    10,000 
Site engineering, permits, and other costs   90,146    90,146 
Total Tallwoods contract   100,146    100,146 
           
Other Deposits and Costs Coincident to Acquisition of Land:          
Clayton, New Jersey - 112 apartments   2,479,205    2,457,085 
Louis Avenue, Bayville, New Jersey-17 units   493,701    408,271 
Berkeley Terrace – Bayville, New Jersey 70 units   2,450,944    2,506,990 
Station Dr – Forked River, New Jersey   99,032    99,032 
201 East Ave – Clayton, New Jersey – 63 units   112,491    148,624 
Gowdy Ave-Land   429,627    69,263 
Total other deposits   6,065,000    5,689,265 
           
Total  $7,878,445   $7,269,054 
Schedule Mortgages on Properties Held for Development

Mortgages on Properties Held for Development:

  

   June 30, 2022   December 31, 2021 
Edisto Loan Fund, LLC  $2,969,535   $2,969,535 
Lynx Asset Services, LLC   1,760,936    1,725,000 
AC Development, LLC   450,000    450,000 
AVB Development   323,537    333,000 
Total mortgages payable   5,504,008    5,477,535 
Less current portion   (2,969,535)   (2,969,535)
Long-term portion  $2,534,473   $2,508,000