v3.25.2
Mortgage Notes Payable, Net - Schedule of Mortgage Notes Payable, Net (Details)
$ in Thousands
Jun. 30, 2025
USD ($)
property
Apr. 07, 2025
USD ($)
Dec. 31, 2024
USD ($)
Debt Instrument [Line Items]      
Mortgage notes payable, gross $ 350,000    
Mortgage notes payable, net $ 348,223   $ 347,384
Mortgages Note Payable      
Debt Instrument [Line Items]      
Encumbered Properties | property 6    
Mortgage notes payable, gross $ 350,000   350,000
Less: deferred financing costs, net (1,777)   (2,616)
Mortgage notes payable, net $ 348,223   347,384
Effective Interest Rate 6.39%    
Mortgage note payable — 123 William Street | Mortgages Note Payable      
Debt Instrument [Line Items]      
Encumbered Properties | property 1    
Mortgage notes payable, gross $ 140,000   140,000
Effective Interest Rate 4.74%    
Mortgage note payable — 1140 Avenue of the Americas | Mortgages Note Payable      
Debt Instrument [Line Items]      
Encumbered Properties | property 1    
Mortgage notes payable, gross $ 99,000 $ 99,000 99,000
Effective Interest Rate 9.11%    
400 E. 67th Street - Laurel Condominium / 200 Riverside Boulevard - ICON Garage | Mortgages Note Payable      
Debt Instrument [Line Items]      
Encumbered Properties | property 2    
Mortgage notes payable, gross $ 50,000   50,000
Effective Interest Rate 8.52%    
Mortgage note payable — 8713 Fifth Avenue | Mortgages Note Payable      
Debt Instrument [Line Items]      
Encumbered Properties | property 1    
Mortgage notes payable, gross $ 10,000   10,000
Effective Interest Rate 5.05%    
Mortgage note payable — 196 Orchard Street | Mortgages Note Payable      
Debt Instrument [Line Items]      
Encumbered Properties | property 1    
Mortgage notes payable, gross $ 51,000   $ 51,000
Effective Interest Rate 3.85%