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Subsequent Event
6 Months Ended
Apr. 30, 2024
Subsequent Events [Abstract]  
Subsequent Event

Note 18 – Subsequent Event:

 

On May 1, 2024, FREIT entered into a loan extension and modification agreement with Provident Bank, effective June 1, 2024, on its loan secured by an apartment building located in River Edge, New Jersey with a then outstanding loan balance of approximately $8.9 million. Under the terms and conditions of this loan extension and modification, the maturity date of this loan is extended for three years to May 31, 2027, will require monthly installments of principal and interest of approximately $58,016 and will be based on a fixed interest rate of 6.75%.