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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Income) (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
May 31, 2018
Revenues                        
Rental Income                 $ 73,892,393 $ 67,560,662 $ 62,175,592  
Laundry and Sundry Income                 588,975 733,064 462,862  
Total Revenues $ 19,727,004 $ 18,961,642 $ 18,101,036 $ 17,691,686 $ 17,703,006 $ 17,078,383 $ 16,931,928 $ 16,580,409 74,481,368 68,293,726 62,638,454  
Expenses                        
Administrative                 2,900,432 2,731,284 2,476,593  
Depreciation and Amortization                 16,773,045 16,373,429 16,671,076  
Expenses for construction, architectural services and supervision of capital projects                 7,748,910 7,324,692 6,471,250  
Renting                 1,004,666 639,235 1,241,298  
Repairs and Maintenance                 13,366,079 11,270,589 10,069,325  
Taxes and Insurance                 9,954,214 9,149,837 8,942,469  
Total Expenses                 55,666,521 50,205,580 48,395,954  
Income Before Other Income (Expense) 4,725,871 4,899,261 4,738,350 4,451,365 5,139,477 4,560,797 4,610,922 3,776,950 18,814,847 18,088,146 14,242,500  
Other Income (Loss)                        
Interest expense                 (15,723,733) (15,045,477) (13,629,463)  
Other income (expenses)                   (874,517) (2,745,979)  
Interest income                 4,486,603 1,055,338 87  
Total Other Income (Expense) (2,426,126) (2,724,035) (2,513,746) (2,696,990) (2,996,831) (3,565,573) (4,367,937) (3,434,532) (10,360,897) (14,364,873) (16,942,663)  
Net Income (Loss) 2,299,745 $ 2,175,226 $ 2,224,604 $ 1,754,375 2,142,646 $ 995,224 $ 242,985 $ 342,418 8,453,950 3,723,273 (2,700,163)  
Mortgage Notes Payable 408,660,292       410,966,199       408,660,292 410,966,199    
Investment Properties                        
Revenues                        
Rental Income                 25,556,720 23,550,304 20,837,208  
Laundry and Sundry Income                 164,319 231,093 154,646  
Total Revenues                 25,721,039 23,781,397 20,991,854  
Expenses                        
Administrative                 432,128 364,839 403,509  
Depreciation and Amortization                 5,922,564 6,028,686 6,016,613  
Management Fees                 699,067 662,035 575,162  
Expenses for construction, architectural services and supervision of capital projects                 2,213,893 2,004,434 1,781,069  
Renting                 282,165 210,499 711,979  
Repairs and Maintenance                 2,951,720 2,801,051 2,849,104  
Taxes and Insurance                 3,858,813 3,700,391 3,539,050  
Total Expenses                 16,360,350 15,771,935 15,876,486  
Income Before Other Income (Expense)                 9,360,689 8,009,462 5,115,368  
Other Income (Loss)                        
Interest expense                 (7,149,981) (6,842,685) (6,658,595)  
Other income (expenses)                 (213,240) (81,360)    
Interest income                 30,788   1,222  
Total Other Income (Expense)                 (7,332,433) (6,924,045) (6,657,373)  
Net Income (Loss)                 2,028,256 1,085,417 (1,542,005)  
Proportionate share of net income (loss)                 876,233 499,783 (567,308)  
Mortgage Notes Payable 165,969,481       166,090,968       165,969,481 166,090,968 166,203,707  
Investment Properties | NERA 50%                        
Other Income (Loss)                        
Proportionate share of net income (loss)                 324,677 328,088 247,478  
Investment Properties | NERA 40%                        
Other Income (Loss)                        
Proportionate share of net income (loss)                 551,556 171,695 (814,786)  
Hamilton Essex 81                        
Revenues                        
Rental Income                 1,831,196 1,640,480 1,609,397  
Laundry and Sundry Income                 3,691 17,652 12,761  
Total Revenues                 1,834,887 1,658,132 1,622,158  
Expenses                        
Administrative                 20,455 19,543 76,338  
Depreciation and Amortization                 470,253 478,538 479,512  
Management Fees                 72,806 75,216 52,617  
Expenses for construction, architectural services and supervision of capital projects                 284,173 229,528 168,160  
Renting                 61,559 25,926 101,328  
Repairs and Maintenance                 178,816 185,275 159,593  
Taxes and Insurance                 281,346 266,024 261,145  
Total Expenses                 1,369,408 1,280,050 1,298,693  
Income Before Other Income (Expense)                 465,479 378,082 323,465  
Other Income (Loss)                        
Interest expense                 (752,933) (412,329) (246,339)  
Interest income                 6,830      
Total Other Income (Expense)                 (746,103) (412,329) (246,339)  
Net Income (Loss)                 (280,624) (34,247) 77,126  
Mortgage Notes Payable 9,975,869       9,962,080       9,975,869 9,962,080 9,948,291  
Hamilton Essex 81 | NERA 50%                        
Other Income (Loss)                        
Proportionate share of net income (loss)                 (140,312) (17,124) 38,563  
Hamilton Essex Development                        
Revenues                        
Rental Income                 241,884 296,313 391,878  
Total Revenues                 241,884 296,313 391,878  
Expenses                        
Administrative                 3,020 6,548 2,875  
Depreciation and Amortization                 11,709 11,709 20,298  
Management Fees                 10,489 11,468 12,922  
Repairs and Maintenance                   3,180 520  
Taxes and Insurance                 61,557 63,139 60,764  
Total Expenses                 86,775 96,044 97,379  
Income Before Other Income (Expense)                 155,109 200,269 294,499  
Other Income (Loss)                        
Interest income                 375      
Total Other Income (Expense)                 375      
Net Income (Loss)                 155,484 200,269 294,499  
Hamilton Essex Development | NERA 50%                        
Other Income (Loss)                        
Proportionate share of net income (loss)                 77,741 100,134 147,249  
345 Franklin                        
Revenues                        
Rental Income                 1,709,429 1,516,329 1,360,472  
Laundry and Sundry Income                 115 245 1,494  
Total Revenues                 1,709,544 1,516,574 1,361,966  
Expenses                        
Administrative                 30,349 33,656 31,566  
Depreciation and Amortization                 346,856 346,793 343,834  
Management Fees                 67,116 59,715 54,178  
Expenses for construction, architectural services and supervision of capital projects                 89,139 76,108 58,667  
Renting                 52,686 32,332 54,672  
Repairs and Maintenance                 150,845 184,057 129,548  
Taxes and Insurance                 193,215 182,098 175,183  
Total Expenses                 930,206 914,759 847,648  
Income Before Other Income (Expense)                 779,338 601,815 514,318  
Other Income (Loss)                        
Interest expense                 (344,847) (351,175) (359,036)  
Interest income                 1,593      
Total Other Income (Expense)                 (343,254) (351,175) (359,036)  
Net Income (Loss)                 436,084 250,640 155,282  
Mortgage Notes Payable 8,452,812       8,676,945       8,452,812 8,676,945 8,892,331  
345 Franklin | NERA 50%                        
Other Income (Loss)                        
Proportionate share of net income (loss)                 218,041 125,319 77,641  
Hamilton 1025                        
Revenues                        
Rental Income                 98,734 102,802 98,135  
Total Revenues                 98,734 102,802 98,135  
Expenses                        
Administrative                 3,300 2,793 2,812  
Depreciation and Amortization                 3,264 3,264 3,264  
Management Fees                 4,011 4,160 3,801  
Expenses for construction, architectural services and supervision of capital projects                 807 1,344 334  
Renting                 13      
Taxes and Insurance                 17,165 18,513 19,467  
Total Expenses                 28,560 30,074 29,678  
Income Before Other Income (Expense)                 70,174 72,728 68,457  
Other Income (Loss)                        
Interest income                 161      
Total Other Income (Expense)                 161      
Net Income (Loss)                 70,335 72,729 68,458  
Hamilton 1025 | NERA 50%                        
Other Income (Loss)                        
Proportionate share of net income (loss)                 35,167 36,365 34,229  
Hamilton Minuteman                        
Revenues                        
Rental Income                 1,334,398 1,212,854 1,139,865  
Laundry and Sundry Income                 (148)   3,913  
Total Revenues                 1,334,250 1,212,854 1,143,778  
Expenses                        
Administrative                 20,021 14,579 16,450  
Depreciation and Amortization                 339,605 338,919 338,362  
Management Fees                 53,347 48,548 45,541  
Expenses for construction, architectural services and supervision of capital projects                 105,254 129,232 98,115  
Renting                 5,801 9,873 4,419  
Repairs and Maintenance                 94,262 106,689 120,626  
Taxes and Insurance                 147,197 153,117 144,533  
Total Expenses                 765,487 800,957 768,046  
Income Before Other Income (Expense)                 568,763 411,897 375,732  
Other Income (Loss)                        
Interest expense                 (237,749) (237,851) (237,845)  
Interest income                 2,592      
Total Other Income (Expense)                 (235,157) (237,851) (237,845)  
Net Income (Loss)                 333,606 174,046 137,887  
Mortgage Notes Payable 5,936,919       5,928,736       5,936,919 5,928,736 5,920,552  
Hamilton Minuteman | NERA 50%                        
Other Income (Loss)                        
Proportionate share of net income (loss)                 166,802 87,023 68,944  
Hamilton on Main Apts                        
Revenues                        
Rental Income                 3,879,734 3,644,802 3,370,478  
Laundry and Sundry Income                 23,163 77,589 38,697  
Total Revenues                 3,902,897 3,722,391 3,409,175  
Expenses                        
Administrative                 92,589 68,948 68,008  
Depreciation and Amortization                 1,065,353 1,081,096 1,089,225  
Management Fees                 152,943 146,115 131,221  
Expenses for construction, architectural services and supervision of capital projects                 455,086 400,489 432,061  
Renting                 54,856 51,327 90,842  
Repairs and Maintenance                 625,687 626,909 624,475  
Taxes and Insurance                 527,665 513,699 451,937  
Total Expenses                 2,974,179 2,888,583 2,887,769  
Income Before Other Income (Expense)                 928,718 833,808 521,406  
Other Income (Loss)                        
Interest expense                 (788,376) (759,704) (759,698)  
Other income (expenses)                 (213,240) (81,360)    
Interest income                 7,376      
Total Other Income (Expense)                 (994,240) (841,064) (759,698)  
Net Income (Loss)                 (65,522) (7,256) (238,292)  
Mortgage Notes Payable 16,889,299       16,873,248       16,889,299 16,873,248 16,857,197  
Hamilton on Main Apts | NERA 50%                        
Other Income (Loss)                        
Proportionate share of net income (loss)                 (32,762) (3,629) (119,147)  
Dexter Park                        
Revenues                        
Rental Income                 16,461,345 15,136,724 12,866,983  
Laundry and Sundry Income                 137,498 135,607 97,781  
Total Revenues                 16,598,843 15,272,331 12,964,764  
Expenses                        
Administrative                 262,394 218,772 205,460  
Depreciation and Amortization                 3,685,524 3,768,367 3,742,118  
Management Fees                 338,355 316,813 274,882  
Expenses for construction, architectural services and supervision of capital projects                 1,279,434 1,167,733 1,023,732  
Renting                 107,250 91,041 460,718  
Repairs and Maintenance                 1,902,110 1,694,941 1,814,342  
Taxes and Insurance                 2,630,668 2,503,801 2,426,021  
Total Expenses                 10,205,735 9,761,468 9,947,273  
Income Before Other Income (Expense)                 6,393,108 5,510,863 3,017,491  
Other Income (Loss)                        
Interest expense                 (5,026,076) (5,081,626) (5,055,677)  
Interest income                 11,861   1,222  
Total Other Income (Expense)                 (5,014,215) (5,081,626) (5,054,455)  
Net Income (Loss)                 1,378,893 429,237 (2,036,964)  
Mortgage Notes Payable $ 124,714,582       $ 124,649,959       124,714,582 124,649,959 124,585,336 $ 82,000,000
Dexter Park | NERA 40%                        
Other Income (Loss)                        
Proportionate share of net income (loss)                 $ 551,556 $ 171,695 $ (814,786)  
NERA 50%                        
Other Income (Loss)                        
Ownership interest (as a percent) 50.00%       50.00%       50.00% 50.00% 50.00%  
NERA 40%                        
Other Income (Loss)                        
Ownership interest (as a percent) 40.00%       40.00%       40.00% 40.00% 40.00%