EX-5.1 2 fs82016ex5i_oneliberty.htm OPINION OF SIMEON BRINBERG, ESQ. WITH RESPECT TO THE LEGALITY OF THE SECURITIES BEING REGISTERED

Exhibit 5.1

ONE LIBERTY PROPERTIES, INC.

60 Cutter Mill Road, Suite 303

Great Neck, NY 11021

August 5, 2016

One Liberty Properties, Inc.

60 Cutter Mill Road, suite 303

Great Neck, NY 11021

Gentlemen:

As Senior Counsel of One Liberty Properties, Inc. (the “Company”), I have participated in the preparation of a Registration Statement on Form S-8 to be filed with the Securities and Exchange Commission (“Commission”) pursuant to the Securities Act of 1933, as amended (the “Registration Statement”), with respect to the registration of 750,000 shares (“Shares”) of the Company’s common stock, par value $1.00 per share. The Shares subject to the Registration Statement are to be issued under the One Liberty Properties, Inc. 2016 Incentive Plan (the “Plan”).

I have examined and am familiar with (i) the Company’s Articles of Amendment and Restatement, as amended, (ii) the Company’s By-laws, as amended, (iii) the corporate proceedings relating to the Registration Statement and the Plan, and (iv) the Registration Statement. Upon the basis of the foregoing, and having satisfied myself as to such other matters of law and fact as I consider relevant for the purposes of this opinion, I advise you that, in my opinion, the Shares will be, when issued and paid for in accordance with the terms of the Plan, legally issued, fully paid and non-assessable.

I hereby consent to the filing of this opinion as an exhibit to the Registration Statement. In giving such consent, I do not thereby admit that I am an “expert” within the meaning of the Securities Act of 1933, as amended, or the rules and regulations of the Commission issued thereunder with respect to any part of the Registration Statement, including this exhibit.

I note that I beneficially own 275,172 shares of the Company’s common stock.

Very truly yours,

/s/ Simeon Brinberg

Simeon Brinberg, Esq.

Senior Counsel