v3.26.1
Mortgages Payable, Net (Tables)
 6 Months Ended
Jun. 30, 2026
Mortgages Payable Net [Abstract]  
Schedule of mortgages payable, net

Mortgages payable, net consists of the following:

  

Property  Interest Rate   Weighted Average Interest Rate for the Six Months Ended
June 30,
2026		   Maturity Date  Amount Due at Maturity   As of
June 30,
2026		   As of
December 31,
2025		 
                        
Gantry Park Landing   6.30%    6.30%  February 2030  $64,860   $66,178   $66,558 
Lower East Side Moxy Hotel (Senior Loan)   

SOFR + 3.25%

(floor of 6.50%)

    6.91%  September 2028   124,700    124,700    124,700 
Lower East Side Moxy Hotel (Junior Loan)   SOFR + 7.75% (floor of 11.00%)    11.41%  September 2028   31,310    31,310    31,310 
Total mortgages payable        7.36%     $220,870    222,188    222,568 
                             
Less: Deferred financing costs                     (2,762)   (3,342)
                             
Total mortgages payable, net                    $219,426   $219,226 
Scheduled of contractually principal maturities of mortgage debt

The following table shows the contractually scheduled principal maturities of the Company’s mortgage debt during the next five years and thereafter as of June 30, 2026:

 

   2026   2027   2028   2029   2030   Thereafter   Total 
Principal maturities  $380   $811   $156,137   $       -   $64,860   $        -   $222,188 
                                    
Less: Deferred financing costs                                 (2,762)
                                    
Total principal maturities, net                                $219,426