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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Income) (Details) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
May 31, 2018
Revenues        
Rental income $ 17,568,727 $ 16,460,006    
Laundry and sundry income 122,959 120,403    
Total Revenues 17,691,686 16,580,409    
Expenses        
Administrative 737,101 707,786    
Depreciation and amortization 3,846,260 4,020,768    
Management fee 697,764 673,084    
Operating 2,533,796 2,676,208    
Renting 191,585 169,389    
Repairs and maintenance 2,763,136 2,279,651    
Taxes and insurance 2,470,679 2,276,573    
Total Expenses 13,240,321 12,803,459    
Income Before Other Income (Expense) 4,451,365 3,776,950    
Other Income (Expense)        
Interest expense (3,899,240) (3,454,635)    
Interest income 974,546 34    
Total Other Income (Expense) (2,696,990) (3,434,532)    
Net Income 1,754,375 342,418    
Mortgage Notes Payable 410,449,284   $ 410,966,199  
Investment Properties        
Revenues        
Rental income 6,171,830 5,553,845    
Laundry and sundry income 51,870 43,132    
Total Revenues 6,223,700 5,596,977    
Expenses        
Administrative 74,467 100,086    
Depreciation and amortization 1,461,009 1,490,900    
Management fee 171,013 161,700    
Operating 652,250 587,842    
Renting 65,367 92,439    
Repairs and maintenance 571,041 594,380    
Taxes and insurance 929,370 908,845    
Total Expenses 3,924,517 3,936,192    
Income Before Other Income (Expense) 2,299,183 1,660,785    
Other Income (Expense)        
Interest expense (1,768,672) (1,659,930)    
Total Other Income (Expense) (1,768,672) (1,659,930)    
Net Income 530,511 855    
Proportionate share of net income (loss) 227,704 20,069    
Mortgage Notes Payable 166,061,429 166,176,323    
Investment Properties | NERA 50%        
Other Income (Expense)        
Proportionate share of net income (loss) 77,508 98,647    
Investment Properties | NERA 40%        
Other Income (Expense)        
Proportionate share of net income (loss) 150,196 (78,578)    
Hamilton Essex 81        
Revenues        
Rental income 438,988 441,716    
Laundry and sundry income 2,703 5,526    
Total Revenues 441,691 447,242    
Expenses        
Administrative 4,740 4,774    
Depreciation and amortization 116,987 119,185    
Management fee 19,092 18,485    
Operating 83,347 52,973    
Renting 3,175 5,627    
Repairs and maintenance 54,468 34,929    
Taxes and insurance 70,934 66,461    
Total Expenses 352,743 302,434    
Income Before Other Income (Expense) 88,948 144,808    
Other Income (Expense)        
Interest expense (172,313) (62,230)    
Total Other Income (Expense) (172,313) (62,230)    
Net Income (83,365) 82,578    
Mortgage Notes Payable 9,965,527 9,951,738    
Hamilton Essex 81 | NERA 50%        
Other Income (Expense)        
Proportionate share of net income (loss) (41,683) 41,289    
Hamilton Essex Development        
Revenues        
Rental income 60,471 86,103    
Total Revenues 60,471 86,103    
Expenses        
Administrative 750 750    
Depreciation and amortization 2,927 2,927    
Management fee 3,179 3,317    
Taxes and insurance 15,457 15,990    
Total Expenses 22,313 22,984    
Income Before Other Income (Expense) 38,158 63,119    
Other Income (Expense)        
Net Income 38,158 63,119    
Hamilton Essex Development | NERA 50%        
Other Income (Expense)        
Proportionate share of net income (loss) 19,078 31,559    
345 Franklin        
Revenues        
Rental income 411,890 346,820    
Total Revenues 411,890 346,820    
Expenses        
Administrative 3,469 11,524    
Depreciation and amortization 86,306 86,413    
Management fee 16,137 13,803    
Operating 25,379 21,893    
Renting 8,256 10,160    
Repairs and maintenance 24,210 54,531    
Taxes and insurance 47,175 43,724    
Total Expenses 210,932 242,048    
Income Before Other Income (Expense) 200,958 104,772    
Other Income (Expense)        
Interest expense (86,958) (88,437)    
Total Other Income (Expense) (86,958) (88,437)    
Net Income 114,000 16,335    
Mortgage Notes Payable 8,621,745 8,839,286    
345 Franklin | NERA 50%        
Other Income (Expense)        
Proportionate share of net income (loss) 56,999 8,168    
Hamilton 1025        
Revenues        
Rental income 24,867 24,369    
Total Revenues 24,867 24,369    
Expenses        
Administrative 921 651    
Depreciation and amortization 816 816    
Management fee 994 958    
Operating 67 1,172    
Taxes and insurance 4,500 4,408    
Total Expenses 7,298 8,005    
Income Before Other Income (Expense) 17,569 16,364    
Other Income (Expense)        
Net Income 17,569 16,365    
Hamilton 1025 | NERA 50%        
Other Income (Expense)        
Proportionate share of net income (loss) 8,785 8,183    
Hamilton Minuteman        
Revenues        
Rental income 313,502 293,738    
Total Revenues 313,502 293,738    
Expenses        
Administrative 3,875 2,350    
Depreciation and amortization 83,717 83,960    
Management fee 12,806 11,393    
Operating 37,516 55,585    
Renting 1,367 3,802    
Repairs and maintenance 20,934 16,213    
Taxes and insurance 35,358 37,727    
Total Expenses 195,573 211,030    
Income Before Other Income (Expense) 117,929 82,708    
Other Income (Expense)        
Interest expense (58,750) (58,739)    
Total Other Income (Expense) (58,750) (58,739)    
Net Income 59,179 23,969    
Mortgage Notes Payable 5,930,781 5,922,598    
Hamilton Minuteman | NERA 50%        
Other Income (Expense)        
Proportionate share of net income (loss) 29,590 11,985    
Hamilton on Main Apts        
Revenues        
Rental income 924,814 890,382    
Laundry and sundry income 13,167 10,551    
Total Revenues 937,981 900,933    
Expenses        
Administrative 12,705 24,520    
Depreciation and amortization 264,509 268,464    
Management fee 37,196 37,373    
Operating 128,942 108,690    
Renting 11,946 14,989    
Repairs and maintenance 153,454 133,918    
Taxes and insurance 132,372 130,669    
Total Expenses 741,124 718,623    
Income Before Other Income (Expense) 196,857 182,310    
Other Income (Expense)        
Interest expense (187,378) (187,378)    
Total Other Income (Expense) (187,378) (187,378)    
Net Income 9,479 (5,068)    
Mortgage Notes Payable 16,877,261 16,861,209    
Hamilton on Main Apts | NERA 50%        
Other Income (Expense)        
Proportionate share of net income (loss) 4,740 (2,535)    
Dexter Park        
Revenues        
Rental income 3,997,298 3,470,717    
Laundry and sundry income 36,000 27,055    
Total Revenues 4,033,298 3,497,772    
Expenses        
Administrative 48,007 55,517    
Depreciation and amortization 905,747 929,135    
Management fee 81,609 76,371    
Operating 376,999 347,529    
Renting 40,623 57,861    
Repairs and maintenance 317,975 354,789    
Taxes and insurance 623,574 609,866    
Total Expenses 2,394,534 2,431,068    
Income Before Other Income (Expense) 1,638,764 1,066,704    
Other Income (Expense)        
Interest expense (1,263,273) (1,263,146)    
Total Other Income (Expense) (1,263,273) (1,263,146)    
Net Income 375,491 (196,442)    
Mortgage Notes Payable 124,666,115 124,601,492   $ 82,000,000
Dexter Park | NERA 40%        
Other Income (Expense)        
Proportionate share of net income (loss) $ 150,196 $ (78,578)