v3.26.1
Investment in Unconsolidated Affiliated Real Estate Entity (Tables)
6 Months Ended
Jun. 30, 2026
Investmentin Unconsolidated Affiliated Real Estate Entity Abstract  
Schedule of financial information of joint venture

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

 

   For the
Three Months Ended
June 30,
   For the
Six Months Ended
June 30,
 
   2026   2025   2026   2025 
                 
Revenues  $-   $10,936   $8,604   $10,936 
                     
Cost of goods sold   -    8,935    8,604    8,935 
Other expenses   42    234    264    517 
                     
Operating (loss)/income   (42)   1,767    (264)   1,484 
                     
Other (expense)/income, net   (1)   6    4    12 
Net (loss)/income  $(43)  $1,773   $(260)  $1,496 
Company's share of earnings (33.3%)  $(14)  $591   $(87)  $499 
   As of   As of 
   June 30,
2026
   December 31,
2025
 
         
Real estate inventory  $7,183   $15,270 
Cash and restricted cash   407    175 
Other assets   363    780 
           
Total assets  $7,953   $16,225 
           
Other liabilities  $13   $24 
Members' capital   7,940    16,201 
           
Total liabilities and members' capital  $7,953   $16,225