v3.26.1
Investment in Unconsolidated Affiliated Real Estate Entity (Tables)
12 Months Ended
Dec. 31, 2025
Investmentin Unconsolidated Affiliated Real Estate Entity Abstract  
Schedule of financial information of joint venture

The following table represents the condensed statements of operations for the 40 East End Ave. Joint Venture:

 

   For the Year Ended
December 31,
2025
   For the Year Ended
December 31,
2024
 
         
         
Revenues  $10,936   $4,327 
           
Cost of goods sold   8,935    4,070 
Other expenses   816    1,454 
Impairment of real estate inventory   252    - 
           
Operating income/(loss)   933    (1,197)
           
Other income, net   27    36 
Net income/(loss)  $960   $(1,161)
Company's share of earnings (33.3%)  $320   $(387)
   As of   As of 
   December 31,
2025
   December 31,
2024
 
         
         
Real estate inventory  $15,270   $23,803 
Cash and restricted cash   175    172 
Other assets   780    1,114 
           
Total assets  $16,225   $25,089 
           
Other liabilities  $24   $49 
Members' capital   16,201    25,040 
           
Total liabilities and members' capital  $16,225   $25,089