XML 61 R35.htm IDEA: XBRL DOCUMENT v3.20.1
Loans Payable and Secured Line of Credit - Additional Information (Details)
1 Months Ended 3 Months Ended 12 Months Ended
May 31, 2018
USD ($)
Mar. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
item
Dec. 31, 2017
USD ($)
ft²
Apr. 06, 2020
USD ($)
Apr. 05, 2020
USD ($)
Line of Credit Facility, Maximum Borrowing Capacity     $ 70,000,000      
Loans Payable   $ 168,850,000 $ 169,735,000      
Debt Instrument, Interest Rate Terms bearing interest at a blended average rate of 3.72% over the 30-day LIBOR, each with a one year extension option upon satisfaction of certain conditions          
Debt Instrument, Payment Terms a guaranty of 25% of the principal amount, decreasing to 10% of the principal balance upon the debt yield ratio becoming equal to or greater than 7.0%.          
Sterling National Bank [Member]            
Line of Credit Facility, Maximum Borrowing Capacity   $ 12,750,000        
Subsequent Event [Member]            
Liquidity Requirement         $ 10,000,000 $ 15,000,000
Landmarked Robert And Anne Dickey House [Member]            
Area of Real Estate Property | ft²       7,500    
Loans Payable [Member]            
Debt Instrument, Face Amount $ 67,800,000          
Debt Instrument, Interest Rate, Effective Percentage   2.99% 5.48%      
Loans Payable [Member] | Canadian Imperial Bank of Commerce [Member]            
Debt Instrument, Face Amount 52,400,000          
Debt, Weighted Average Interest Rate   0.50%        
Mezzanine Loan [Member] | RCG LV Debt VI REIT LLC [Member]            
Debt Instrument, Face Amount $ 15,400,000          
Letter of Credit [Member]            
Loans Payable   $ 5,250,000.0000 $ 5,250,000.0000      
Debt Instrument, Interest Rate, Effective Percentage   2.99% 3.76%      
Maximum [Member]            
Debt Instrument, Interest Rate, Stated Percentage       2.50%    
Corporate Loan [Member]            
Line of Credit Facility, Maximum Borrowing Capacity     $ 70,000,000      
Increase in maximum borrowing capacity     $ 25,000,000      
Term of the debt     32 months      
Loans Payable   $ 34,000,000        
Debt Instrument, Interest Rate Terms     a rate per annum equal to the sum of (i) 5.25% (the "PIK Interest Rate") and (ii) a scheduled interest rate (the "Cash Pay Interest Rate") based on six-month periods from the Closing Date, which Cash Pay Interest Rate, from the Closing Date until the six-month anniversary of the Closing Date, equals 4.0%, subject to increase during the extension periods.      
Debt Instrument, Interest Rate, Basis for Effective Rate   9.25%        
Commitment fee     $ 2,450,000      
Commitment fee, payable on the initial draw (as a percent)     50.00%      
Commitment fee, payable on subsequent draws (as a percent)     50.00%      
Exit fee (as a percent)     1.00%      
Multiple On Invested Capital (as a percent)     130.00%      
Collateral for loan, equity interests in subsidiaries (as a percent)     100.00%      
Common stock repurchase through proceeds from debt, amount authorized     $ 2,000,000      
Common stock repurchase through other sources of cash, amount authorized     $ 1,500,000      
Threshold minimum loan outstanding (as a percent)     50.00%      
Number of board members who can be appointed by the lender | item     1      
Maximum number of committees of the board, that the Designee can sit | item     3      
Corporate Loan [Member] | Greenwich Ny 77 [Member]            
Net cash proceeds of residential condominium sales (as a percent)     70.00%      
Corporate Loan [Member] | Minimum [Member]            
Net cash proceeds of residential condominium sales (as a percent)     90.00%      
Corporate Loan [Member] | Maximum [Member]            
Net cash proceeds of residential condominium sales (as a percent)     100.00%      
Corporate Loan [Member] | PIK Interest Rate            
Interest rate basis (as a percent)     5.25%      
Corporate Loan [Member] | Cash Pay Interest Rate            
Interest rate basis (as a percent)     4.00%      
Greenwich Construction Loan [Member]            
Loans Payable   $ 118,800,000 $ 104,900,000      
Debt Instrument, Face Amount       $ 189,500,000    
Debt Instrument, Interest Rate, Effective Percentage   9.25% 10.01%      
Number of Real Estate Properties       90    
Debt Instrument, Description       LIBOR plus 8.25% and (ii) 9.25%.    
Debt Instrument, Unamortized Premium       $ 393,000    
Derivative, Notional Amount       $ 189,500,000    
Greenwich Construction Loan [Member] | Subsequent Event [Member]            
Liquidity Requirement         $ 10,000,000 $ 15,000,000
Greenwich Construction Loan [Member] | Letter of Credit [Member]            
Loans Payable   $ 3,580,000