v3.26.1
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Income) (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Rental Income $ 24,183,592 $ 21,037,991 $ 48,140,056 $ 41,534,111
Laundry and Sundry Income 219,745 202,117 424,408 394,891
Total Revenues 24,403,337 21,240,108 48,564,464 41,929,002
Expenses        
Administrative 896,512 667,913 2,285,818 1,289,179
Depreciation and Amortization 8,101,809 4,474,748 16,067,020 8,379,730
Management Fees 927,604 834,431 1,843,423 1,652,840
Renting 576,817 256,198 1,033,157 534,527
Repairs and Maintenance 4,164,444 3,481,815 7,465,529 6,340,084
Taxes and Insurance 3,441,047 2,757,280 6,894,413 5,453,097
Total Expenses 20,362,958 14,176,535 43,027,904 28,631,981
Income Before Other Income (Expense) 4,040,379 7,063,573 5,536,560 13,297,021
Other Income (Loss)        
Interest expense (5,731,689) (4,136,156) (11,444,016) (7,927,588)
Interest income 105,259 737,413 221,393 1,728,487
Total Other Income (Expense) (5,199,686) (2,913,692) (10,603,540) (5,351,422)
Net (Loss) Income (1,159,307) 4,149,881 (5,066,980) 7,945,599
Investment Properties        
Revenues        
Rental Income 7,147,704 6,966,423 14,206,423 13,980,728
Laundry and Sundry Income 72,841 70,716 131,842 128,286
Total Revenues 7,220,545 7,037,139 14,338,265 14,109,014
Expenses        
Administrative 116,492 87,331 214,990 249,965
Depreciation and Amortization 1,545,049 1,499,467 3,082,723 2,982,084
Management Fees 193,400 191,999 384,507 385,500
Operating 620,582 522,932 1,538,458 1,344,755
Renting 110,982 64,326 153,578 157,522
Repairs and Maintenance 725,343 660,322 1,335,754 1,248,161
Taxes and Insurance 1,056,903 1,019,724 2,087,578 2,039,935
Total Expenses 4,368,751 4,046,101 8,797,588 8,407,922
Income Before Other Income (Expense) 2,851,794 2,991,038 5,540,677 5,701,092
Other Income (Loss)        
Interest expense (1,903,192) (1,920,230) (3,814,380) (3,827,094)
Interest income 77,219 61,766 137,129 113,259
Total Other Income (Expense) (1,825,973) (1,858,464) (3,677,251) (3,713,835)
Net (Loss) Income 1,025,821 1,132,574 1,863,426 1,987,257
Proportionate share of net income (loss) 426,744 485,051 770,046 847,679
Investment Properties | NERA 50%        
Other Income (Loss)        
Proportionate share of net income (loss) 82,084 160,100 123,376 263,878
Investment Properties | NERA 40%        
Other Income (Loss)        
Proportionate share of net income (loss) 344,660 324,952 646,670 583,801
Hamilton Essex 81        
Revenues        
Rental Income 509,505 493,808 1,015,970 998,349
Laundry and Sundry Income 3,798 2,734 7,504 5,091
Total Revenues 513,303 496,542 1,023,474 1,003,440
Expenses        
Administrative 9,194 6,235 12,996 15,191
Depreciation and Amortization 115,298 116,036 230,879 231,944
Management Fees 21,435 19,403 42,564 39,691
Operating 60,717 74,151 145,019 172,413
Renting 18,448 9,998 21,523 10,217
Repairs and Maintenance 61,437 42,911 104,914 84,844
Taxes and Insurance 76,783 74,563 154,400 148,755
Total Expenses 363,312 343,297 712,295 703,055
Income Before Other Income (Expense) 149,991 153,245 311,179 300,385
Other Income (Loss)        
Interest expense (177,581) (173,048) (354,518) (344,358)
Interest income 10,297 9,620 20,450 19,472
Total Other Income (Expense) (167,284) (163,428) (334,068) (324,886)
Net (Loss) Income (17,293) (10,183) (22,889) (24,501)
Hamilton Essex 81 | NERA 50%        
Other Income (Loss)        
Proportionate share of net income (loss) (8,646) (5,092) (11,445) (12,250)
Hamilton Essex Development        
Revenues        
Rental Income 61,335 60,471 121,806 120,942
Total Revenues 61,335 60,471 121,806 120,942
Expenses        
Administrative 8,088 1,005 12,293 2,011
Depreciation and Amortization 2,720 2,928 5,440 5,855
Management Fees 2,579 2,529 5,158 5,058
Repairs and Maintenance 1,000   1,000  
Taxes and Insurance 20,791 17,423 41,539 34,773
Total Expenses 35,178 23,885 65,430 47,697
Income Before Other Income (Expense) 26,157 36,586 56,376 73,245
Other Income (Loss)        
Interest income 200 341 495 682
Total Other Income (Expense) 200 341 495 682
Net (Loss) Income 26,357 36,927 56,871 73,927
Hamilton Essex Development | NERA 50%        
Other Income (Loss)        
Proportionate share of net income (loss) 13,179 18,464 28,435 36,964
345 Franklin        
Revenues        
Rental Income 451,465 457,180 913,479 960,298
Laundry and Sundry Income 23   23  
Total Revenues 451,488 457,180 913,502 960,298
Expenses        
Administrative 13,139 7,594 22,389 21,560
Depreciation and Amortization 88,388 87,631 176,692 174,660
Management Fees 19,066 17,629 37,912 36,692
Operating 26,655 28,420 80,969 67,248
Renting 16,833 5,537 17,863 36,277
Repairs and Maintenance 27,519 33,958 53,258 68,790
Taxes and Insurance 50,207 47,993 100,426 95,999
Total Expenses 241,807 228,762 489,509 501,226
Income Before Other Income (Expense) 209,681 228,418 423,993 459,072
Other Income (Loss)        
Interest expense (78,153) (82,376) (158,192) (164,862)
Interest income 1,553 1,867 2,846 3,897
Total Other Income (Expense) (76,600) (80,509) (155,346) (160,965)
Net (Loss) Income 133,081 147,909 268,647 298,107
345 Franklin | NERA 50%        
Other Income (Loss)        
Proportionate share of net income (loss) 66,540 73,955 134,323 149,053
Hamilton 1025        
Revenues        
Rental Income 28,745 24,918 55,879 49,835
Total Revenues 28,745 24,918 55,879 49,835
Expenses        
Administrative 1,496 2,050 2,522 2,876
Depreciation and Amortization 816 816 1,632 1,632
Management Fees 1,114 1,030 2,164 2,060
Operating 159 59 224 59
Renting 32 48 65 68
Taxes and Insurance 5,425 5,024 11,159 9,737
Total Expenses 9,042 9,027 17,766 16,432
Income Before Other Income (Expense) 19,703 15,891 38,113 33,403
Other Income (Loss)        
Interest income 150 133 256 288
Total Other Income (Expense) 150 133 256 288
Net (Loss) Income 19,853 16,024 38,369 33,691
Hamilton 1025 | NERA 50%        
Other Income (Loss)        
Proportionate share of net income (loss) 9,926 8,012 19,185 16,845
Hamilton Minuteman Apts        
Revenues        
Rental Income 407,634 375,471 767,885 743,084
Total Revenues 407,634 375,471 767,885 743,084
Expenses        
Administrative 5,579 5,014 9,245 16,369
Depreciation and Amortization 88,789 86,129 176,974 170,946
Management Fees 16,094 15,298 30,334 29,578
Operating 33,977 23,121 114,903 80,485
Renting 6,270 3,801 9,170 9,267
Repairs and Maintenance 37,245 38,645 80,501 61,422
Taxes and Insurance 48,014 40,525 95,288 80,492
Total Expenses 235,968 212,533 516,415 448,559
Income Before Other Income (Expense) 171,666 162,938 251,470 294,525
Other Income (Loss)        
Interest expense (58,342) (58,927) (116,666) (117,222)
Interest income 4,326 2,775 7,910 4,960
Total Other Income (Expense) (54,016) (56,152) (108,756) (112,262)
Net (Loss) Income 117,650 106,786 142,714 182,263
Hamilton Minuteman Apts | NERA 50%        
Other Income (Loss)        
Proportionate share of net income (loss) 58,824 53,393 71,357 91,132
Hamilton on Main Apts        
Revenues        
Rental Income 1,108,211 1,070,467 2,177,942 2,176,046
Laundry and Sundry Income 15,171 14,146 28,387 29,211
Total Revenues 1,123,382 1,084,613 2,206,329 2,205,257
Expenses        
Administrative 21,146 8,170 42,860 48,363
Depreciation and Amortization 309,851 287,273 617,299 573,175
Management Fees 42,972 43,065 85,388 86,031
Operating 152,085 102,489 333,988 290,502
Renting 39,825 22,273 48,648 54,477
Repairs and Maintenance 193,159 149,182 379,416 295,861
Taxes and Insurance 155,333 120,874 286,391 240,454
Total Expenses 914,371 733,326 1,793,990 1,588,863
Income Before Other Income (Expense) 209,011 351,287 412,339 616,394
Other Income (Loss)        
Interest expense (329,740) (332,246) (658,942) (660,946)
Interest income 5,250 3,693 9,645 8,821
Total Other Income (Expense) (324,490) (328,553) (649,297) (652,125)
Net (Loss) Income (115,479) 22,734 (236,958) (35,731)
Hamilton on Main Apts | NERA 50%        
Other Income (Loss)        
Proportionate share of net income (loss) (57,739) 11,368 (118,478) (17,866)
Dexter Park        
Revenues        
Rental Income 4,580,809 4,484,108 9,153,462 8,932,174
Laundry and Sundry Income 53,849 53,836 95,928 93,984
Total Revenues 4,634,658 4,537,944 9,249,390 9,026,158
Expenses        
Administrative 57,850 57,263 112,685 143,595
Depreciation and Amortization 939,187 918,654 1,873,807 1,823,872
Management Fees 90,140 93,045 180,987 186,390
Operating 346,989 294,692 863,355 734,048
Renting 29,574 22,669 56,309 47,216
Repairs and Maintenance 404,983 395,626 716,665 737,244
Taxes and Insurance 700,350 713,322 1,398,375 1,429,725
Total Expenses 2,569,073 2,495,271 5,202,183 5,102,090
Income Before Other Income (Expense) 2,065,585 2,042,673 4,047,207 3,924,068
Other Income (Loss)        
Interest expense (1,259,376) (1,273,633) (2,526,062) (2,539,706)
Interest income 55,443 43,337 95,527 75,139
Total Other Income (Expense) (1,203,933) (1,230,296) (2,430,535) (2,464,567)
Net (Loss) Income 861,652 812,377 1,616,674 1,459,501
Dexter Park | NERA 40%        
Other Income (Loss)        
Proportionate share of net income (loss) $ 344,660 $ 324,952 $ 646,670 $ 583,801
NERA 50%        
Other Income (Loss)        
Ownership interest (as a percent) 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%