Going Concern	6 Months Ended
Jun. 30, 2025
Risks and Uncertainties [Abstract]
Going Concern	Going Concern The Company’s objectives when managing its capital are to seek to ensure that there are adequate capital resources to safeguard the Company’s ability to continue operating and maintain adequate levels of funding to support its ongoing operations. The Company’s management evaluates whether there are conditions or events, considered in aggregate, that raise substantial doubt about its ability to continue as a going concern within one year after the date that the financial statements are issued. In the quarter ended June 30, 2025, the Company continued to incur recurring losses from operations and negative operating cash flows at some of its properties, an increasing current liabilities balance that exceeds current assets and incurred events of default on loans that encumber three of the Company’s six properties (Please see Note 5 - Mortgage Notes Payable, Net, for further discussion on the events of default). These conditions raised substantial doubt about the Company’s ability to continue as a going concern for a period of one year from the date of issuance of the June 30, 2025 financial statements. However, management has developed and is implementing a plan intended to alleviate the substantial doubt about the Company’s ability to continue as a going concern. The plan includes paying related party fees such as asset management fees, property management fees, reimbursable compensation costs, and reimbursable overhead costs in shares on a go forward basis and selling one of the Company's performing assets within the next twelve months. Further, the Advisor has the ability and willingness to lend funds to the Company pursuant to promissory notes for liquidity requirements as needed. Based on the implementation of the plan and the resulting improvements in the Company’s projected cash flows, the Company has concluded that substantial doubt about it’s ability to continue as a going concern is alleviated. Accordingly, the financial statements as of June 30, 2025 have been prepared assuming the Company will continue as a going concern. The Company’s cash and cash equivalents and restricted cash totaled $12.8 million as of June 30, 2025, a decrease of $6.1 million from December 31, 2024. During the six months ended June 30, 2025, the decrease in cash was primarily due to the monthly expenses related to underperforming properties and cash sweeps at those same properties (please see Note 5 - Mortgage Notes Payable, Net, for further discussion on cash sweep events). Of the total amount of cash as of June 30, 2025, approximately $5.3 million is non-restricted cash available for general corporate purposes and $7.5 million is restricted cash related to the loans in default (please see Note 5 - Mortgage Notes Payable, Net for further discussion on the events of default). As of June 30, 2025, the Company’s current mortgage payable liabilities on a consolidated basis totaled approximately $99.0 million. As of June 30, 2025, on a consolidated basis, the Company’s current liabilities far exceed current assets. The current loan liability consists entirely of a bank loan secured by the 1140 Avenues property that is in default and is non-recourse to the Company. The Company intends to continue to focus on selling a performing property, entering into new leases and divest from underperforming assets. However, the Company cannot predict, with certainty, the outcome of these actions to generate liquidity. The Company faces significant liquidity constraints due to a combination of factors, including sustained declines in rental income, constrained cash flow from operations, and ongoing debt service obligations. The Company’s portfolio consists primarily of office properties located in Manhattan, which have been adversely impacted by shifts in market demand following the COVID-19 pandemic. While management has successfully executed lease transactions to mitigate vacancy risk, new leases have been executed at market rental rates below prior contractual rates, resulting in decreased revenue compared to historical levels. The Company’s cash outlays consist principally of professional fees, consultant fees, legal fees, insurance costs, auditing costs, general and administrative expenses, principal and interest expense on debts, property maintenance, property taxes, as well as other property related expenses that are not covered by tenants. To the extent the Company needs to raise additional capital to meet its obligations, there can be no assurance that financing will be available when needed. If the Company is unable to sell certain assets when anticipated at expected prices, the Company may not have sufficient cash to fund operations and commitments. Although there can be no assurance that external financing will be available on favorable terms when needed, the Advisor has indicated both the ability and willingness to lend funds to the Company pursuant to promissory notes to address liquidity requirements, if necessary.

The Company’s objectives when managing its capital are to seek to ensure that there are adequate capital resources to safeguard the Company’s ability to continue operating and maintain adequate levels of funding to support its ongoing operations. The Company’s management evaluates whether there are conditions or events, considered in aggregate, that raise substantial doubt about its ability to continue as a going concern within one year after the date that the financial statements are issued.

In the quarter ended June 30, 2025, the Company continued to incur recurring losses from operations and negative operating cash flows at some of its properties, an increasing current liabilities balance that exceeds current assets and incurred events of default on loans that encumber three of the Company’s six properties (Please see Note 5 - Mortgage Notes Payable, Net, for further discussion on the events of default). These conditions raised substantial doubt about the Company’s ability to continue as a going concern for a period of one year from the date of issuance of the June 30, 2025 financial statements.

However, management has developed and is implementing a plan intended to alleviate the substantial doubt about the Company’s ability to continue as a going concern. The plan includes paying related party fees such as asset management fees, property management fees, reimbursable compensation costs, and reimbursable overhead costs in shares on a go forward basis and selling one of the Company's performing assets within the next twelve months. Further, the Advisor has the ability and willingness to lend funds to the Company pursuant to promissory notes for liquidity requirements as needed. Based on the implementation of the plan and the resulting improvements in the Company’s projected cash flows, the Company has concluded that substantial doubt about it’s ability to continue as a going concern is alleviated. Accordingly, the financial statements as of June 30, 2025 have been prepared assuming the Company will continue as a going concern.

The Company’s cash and cash equivalents and restricted cash totaled $12.8 million as of June 30, 2025, a decrease of $6.1 million from December 31, 2024. During the six months ended June 30, 2025, the decrease in cash was primarily due to the monthly expenses related to underperforming properties and cash sweeps at those same properties (please see Note 5 - Mortgage Notes Payable, Net, for further discussion on cash sweep events). Of the total amount of cash as of June 30, 2025, approximately $5.3 million is non-restricted cash available for general corporate purposes and $7.5 million is restricted cash related to the loans in default (please see Note 5 - Mortgage Notes Payable, Net for further discussion on the events of default).

As of June 30, 2025, the Company’s current mortgage payable liabilities on a consolidated basis totaled approximately $99.0 million. As of June 30, 2025, on a consolidated basis, the Company’s current liabilities far exceed current assets. The current loan liability consists entirely of a bank loan secured by the 1140 Avenues property that is in default and is non-recourse to the Company.

The Company intends to continue to focus on selling a performing property, entering into new leases and divest from underperforming assets. However, the Company cannot predict, with certainty, the outcome of these actions to generate liquidity.

The Company faces significant liquidity constraints due to a combination of factors, including sustained declines in rental income, constrained cash flow from operations, and ongoing debt service obligations. The Company’s portfolio consists primarily of office properties located in Manhattan, which have been adversely impacted by shifts in market demand following the COVID-19 pandemic. While management has successfully executed lease transactions to mitigate vacancy risk, new leases have been executed at market rental rates below prior contractual rates, resulting in decreased revenue compared to historical levels.

The Company’s cash outlays consist principally of professional fees, consultant fees, legal fees, insurance costs, auditing costs, general and administrative expenses, principal and interest expense on debts, property maintenance, property taxes, as well as other property related expenses that are not covered by tenants. To the extent the Company needs to raise additional capital to meet its obligations, there can be no assurance that financing will be available when needed. If the Company is unable to sell certain assets when anticipated at expected prices, the Company may not have sufficient cash to fund operations and commitments. Although there can be no assurance that external financing will be available on favorable terms when needed, the Advisor has indicated both the ability and willingness to lend funds to the Company pursuant to promissory notes to address liquidity requirements, if necessary.