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Schedule III - Consolidated Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2019

Schedule III - Consolidated Real Estate and Accumulated Depreciation

Schedule III - Consolidated Real Estate and Accumulated Depreciation

ONE LIBERTY PROPERTIES, INC. AND SUBSIDIARIES

Schedule III—Consolidated Real Estate and Accumulated Depreciation

December 31, 2019

(Amounts in Thousands)


								Cost
								Capitalized		Gross Amount at Which Carried
				Initial Cost to Company				Subsequent to		at December 31, 2019
						Building and		Acquisition				Building &				Accumulated		Date of	Date
Type	Location	Encumbrances		Land		Improvements		Improvements		Land		Improvements		Total		Depreciation (1)		Construction	Acquired
Health & Fitness	Tucker, GA	$	—	$	807	$	3,027	$	3,399	$	807	$	6,426	$	7,233	$	2,654	1988	2002
Health & Fitness	Hamilton, OH		4,542		1,483		5,953		—		1,483		5,953		7,436		1,440	2008	2011
Health & Fitness	Secaucus, NJ		8,320		5,449		9,873		—		5,449		9,873		15,322		1,751	1986	2012
Industrial	Columbus, OH		—		435		1,703		52		435		1,755		2,190		827	1979	1995
Industrial	West Palm Beach, FL		—		181		724		196		181		920		1,101		394	1973	1998
Industrial	New Hyde Park, NY		2,421		182		728		281		182		1,009		1,191		445	1960	1999
Industrial	Ronkonkoma, NY		5,580		1,042		4,171		2,903		1,042		7,074		8,116		2,637	1986	2000
Industrial	Hauppauge, NY		25,860		1,951		10,954		9,600		1,951		20,554		22,505		6,597	1982	2000
Industrial	Melville, NY		2,582		774		3,029		1,170		774		4,199		4,973		1,549	1982	2003
Industrial	Saco, ME		5,440		1,027		3,623		2,050		1,027		5,673		6,700		1,346	2001	2006
Industrial	Baltimore, MD (2)		19,436		6,474		25,282		—		6,474		25,282		31,756		8,243	1960	2006
Industrial	Durham, NC		2,621		1,043		2,404		44		1,043		2,448		3,491		614	1991	2011
Industrial	Pinellas Park, FL		2,253		1,231		1,669		—		1,231		1,669		2,900		351	1995	2012
Industrial	Miamisburg, OH		—		165		1,348		12		165		1,360		1,525		279	1987	2012
Industrial	Fort Mill, SC		7,766		1,840		12,687		55		1,840		12,742		14,582		2,277	1992	2013
Industrial	Indianapolis, IN		5,587		1,224		6,935		—		1,224		6,935		8,159		1,460	1997	2013
Industrial	Fort Mill, SC		23,601		1,804		33,650		—		1,804		33,650		35,454		6,990	1997	2013
Industrial	New Hope, MN		4,053		881		6,064		81		881		6,145		7,026		804	1967	2014
Industrial	Louisville, KY		2,189		578		3,727		48		578		3,775		4,353		472	1974	2015
Industrial	Louisville, KY		—		51		230		—		51		230		281		28	1974	2015
Industrial	McCalla, AL		9,749		1,588		14,682		—		1,588		14,682		16,270		1,670	2003	2015
Industrial	St. Louis, MO		11,053		3,728		13,006		701		3,728		13,707		17,435		1,585	1969	2015
Industrial	Greenville, SC		4,816		693		6,893		225		693		7,118		7,811		693	1997	2016
Industrial	Greenville, SC		5,351		528		8,074		127		528		8,201		8,729		809	2000	2016
Industrial	El Paso, TX		13,672		3,691		17,904		350		3,691		18,254		21,945		1,698	1997	2016
Industrial	Lebanon, TN		21,190		2,094		30,039		46		2,094		30,085		32,179		2,559	1996	2016
Industrial	Huntersville, NC		4,849		1,046		6,674		—		1,046		6,674		7,720		462	2014	2017
Industrial	Pittston, PA		6,779		999		9,922		250		999		10,172		11,171		687	1990	2017
Industrial	Ankeny, IA		8,271		1,351		11,607		—		1,351		11,607		12,958		757	2016	2017
Industrial	Memphis, TN		4,987		140		7,952		—		140		7,952		8,092		458	1979	2017
Industrial	Pennsburg, PA		7,998		1,776		11,126		—		1,776		11,126		12,902		553	1986	2018
Industrial	Plymouth, MN		3,238		1,121		4,429		—		1,121		4,429		5,550		179	1978	2018
Industrial	Englewood, CO		8,190		1,562		11,300		—		1,562		11,300		12,862		355	2013	2018
Industrial	Moorestown, NJ		3,904		1,822		5,056		—		1,822		5,056		6,878		150	1990	2018
Industrial	Moorestown, NJ		8,673		1,443		10,898		—		1,443		10,898		12,341		317	1972	2018
Industrial	Bakersfield, CA		—		1,988		9,998		—		1,988		9,998		11,986		273	1980	2018
Industrial	Green Park, MO		6,294		1,421		7,835		—		1,421		7,835		9,256		210	2008	2018
Industrial	Greenville, SC		—		186		6,419		—		186		6,419		6,605		170	2008	2018
Industrial	Nashville, TN		5,149		1,058		6,350		—		1,058		6,350		7,408		101	1974	2019
Industrial	Wauconda, IL		—		67		3,423		41		67		3,464		3,531		57	1998	2019
Industrial	Bensalem, PA		4,052		1,602		4,323		—		1,602		4,323		5,925		59	1975	2019
Industrial	Chandler, AZ		5,170		1,335		7,379		—		1,335		7,379		8,714		105	2004	2019
Industrial	LaGrange, GA		3,187		297		4,500		—		297		4,500		4,797		54	2013	2019
Industrial	Shakopee, MN		4,996		1,877		5,462		10		1,877		5,472		7,349		42	1998	2019
Industrial	Rincon, GA		4,100		61		5,968		—		61		5,968		6,029		32	1998	2019
Industrial	Chandler, AZ		—		1,164		1,691		—		1,164		1,691		2,855		9	2007	2019
Industrial	Joppa, MD		9,062		3,815		8,142		1,473		3,815		9,615		13,430		1,443	1994	2014
Office	Brooklyn, NY		2,326		1,381		5,447		3,013		1,381		8,460		9,841		4,072	1973	1998
Other	Newark, DE		1,550		935		3,643		43		935		3,686		4,621		1,512	1996	2003
Other	Beachwood, OH		—		13,901		—		—		13,901		-		13,901		—	N/A	2016
Restaurant	Hauppauge, NY		—		725		2,963		—		725		2,963		3,688		1,046	1992	2005
Restaurant	Palmyra, PA		688		650		650		—		650		650		1,300		154	1981	2010


								Cost
								Capitalized		Gross Amount at Which Carried
				Initial Cost to Company				Subsequent to		at December 31, 2019
						Building and		Acquisition				Building &				Accumulated		Date of	Date
Type	Location	Encumbrances		Land		Improvements		Improvements		Land		Improvements		Total		Depreciation (1)		Construction	Acquired
Restaurant	Reading, PA		680		655		625		—		655		625		1,280		148	1981	2010
Restaurant	Reading, PA		669		618		643		—		618		643		1,261		153	1983	2010
Restaurant	Hanover, PA		752		736		686		—		736		686		1,422		161	1992	2010
Restaurant	Gettysburg, PA		771		754		704		—		754		704		1,458		165	1991	2010
Restaurant	Trexlertown, PA		656		800		439		—		800		439		1,239		103	1994	2010
Restaurant	Carrollton, GA		1,472		796		1,458		—		796		1,458		2,254		336	1996	2012
Restaurant	Cartersville, GA		1,392		786		1,346		—		786		1,346		2,132		330	1995	2012
Restaurant	Kennesaw, GA		1,141		702		916		—		702		916		1,618		205	1989	2012
Restaurant	Lawrenceville, GA		1,095		866		899		—		866		899		1,765		244	1988	2012
Restaurant	Concord, NC		1,441		999		1,076		—		999		1,076		2,075		208	2000	2013
Restaurant	Myrtle Beach, SC		1,441		1,102		1,161		—		1,102		1,161		2,263		235	1978	2013
Restaurant	Greensboro, NC		3,076		1,770		1,237		—		1,770		1,237		3,007		233	1983	2013
Restaurant	Richmond, VA		—		1,680		1,341		—		1,680		1,341		3,021		242	1983	2013
Restaurant	Indianapolis, IN		—		853		1,465		—		853		1,465		2,318		254	1982	2014
Retail	Seattle, WA		—		201		189		35		201		224		425		156	1986	1987
Retail	Rosenberg, TX		—		216		863		66		216		929		1,145		552	1994	1995
Retail	Ft. Myers, FL		—		1,013		4,054		—		1,013		4,054		5,067		2,344	1995	1996
Retail	Selden, NY		2,593		572		2,287		150		572		2,437		3,009		1,253	1997	1999
Retail	Batavia, NY		—		515		2,061		—		515		2,061		2,576		1,075	1998	1999
Retail	Champaign, IL		1,415		791		3,165		530		791		3,695		4,486		1,740	1985	1999
Retail	El Paso, TX		10,493		2,821		11,123		2,587		2,821		13,710		16,531		6,601	1974	2000
Retail	Somerville, MA		—		510		1,993		24		510		2,017		2,527		850	1993	2003
Retail	Knoxville, TN		8,614		2,290		8,855		—		2,290		8,855		11,145		3,496	2003	2004
Retail	Onalaska, WI		3,340		753		3,099		—		753		3,099		3,852		1,172	1994	2004
Retail	Hyannis, MA		—		802		2,324		—		802		2,324		3,126		695	1998	2008
Retail	Marston Mills, MA		—		461		2,313		—		461		2,313		2,774		687	1998	2008
Retail	Everett, MA		—		1,935		—		—		1,935		—		1,935		—	N/A	2008
Retail	Kennesaw, GA		5,077		1,501		4,349		1,138		1,501		5,487		6,988		1,567	1995	2008
Retail	Royersford, PA		19,523		19,538		3,150		424		19,538		3,574		23,112		906	2001	2010
Retail	Monroeville, PA		—		450		863		—		450		863		1,313		207	1994	2010
Retail	Houston, TX		—		1,962		1,540		94		1,962		1,634		3,596		407	2006	2010
Retail	Houston, TX		—		2,002		1,800		—		2,002		1,800		3,802		464	2009	2010
Retail	Bolingbrook, IL		—		834		1,887		101		834		1,988		2,822		490	2001	2011
Retail	Crystal Lake, IL		—		615		1,899		—		615		1,899		2,514		507	1997	2011
Retail	Lawrence, KS		—		134		938		157		134		1,095		1,229		189	1915	2012
Retail	Greensboro, NC		1,290		1,046		1,552		29		1,046		1,581		2,627		275	2002	2014
Retail	Highlands Ranch, CO		—		2,361		2,924		296		2,361		3,220		5,581		504	1995	2014
Retail	Woodbury, MN		2,790		1,190		4,003		—		1,190		4,003		5,193		642	2006	2014
Retail	Cuyahoga Falls, OH		1,050		71		1,371		—		71		1,371		1,442		128	2004	2016
Retail	Hilliard, OH		930		300		1,077		—		300		1,077		1,377		102	2007	2016
Retail	Port Clinton, OH		900		52		1,187		—		52		1,187		1,239		113	2005	2016
Retail	South Euclid, OH		1,020		230		1,566		—		230		1,566		1,796		146	1975	2016


								Cost
								Capitalized		Gross Amount at Which Carried
				Initial Cost to Company				Subsequent to		at December 31, 2019
						Building and		Acquisition				Building &				Accumulated		Date of	Date
Type	Location	Encumbrances		Land		Improvements		Improvements		Land		Improvements		Total		Depreciation (1)		Construction	Acquired
Retail	St Louis Park, MN		—		3,388		13,088		141		3,388		13,229		16,617		1,193	1962	2016
Retail	Deptford, NJ		2,569		572		1,779		705		572		2,484		3,056		758	1981	2012
Retail	Cape Girardeau, MO		1,097		545		1,547		—		545		1,547		2,092		316	1994	2012
Retail	Littleton, CO		10,446		6,005		11,272		404		6,005		11,676		17,681		1,739	1985	2015
Retail - Supermarket	West Hartford, CT		16,203		9,296		4,813		261		9,296		5,074		14,370		1,348	2005	2010
Retail - Supermarket	West Hartford, CT		—		2,881		94		326		2,881		420		3,301		206	N/A	2010
Retail - Supermarket	Philadelphia, PA		3,907		1,793		5,640		80		1,793		5,720		7,513		836	1992	2014
Retail-Furniture	Columbus, OH		—		1,445		5,431		460		1,445		5,891		7,336		3,211	1996	1997
Retail-Furniture	Duluth, GA (3)		1,408		778		3,436		—		778		3,436		4,214		1,178	1987	2006
Retail-Furniture	Fayetteville, GA (3)		1,768		976		4,308		—		976		4,308		5,284		1,477	1987	2006
Retail-Furniture	Wichita, KS (3)		2,153		1,189		5,248		—		1,189		5,248		6,437		1,799	1996	2006
Retail-Furniture	Lexington, KY (3)		1,447		800		3,532		—		800		3,532		4,332		1,210	1999	2006
Retail-Furniture	Bluffton, SC (3)		1,066		589		2,600		—		589		2,600		3,189		891	1994	2006
Retail-Furniture	Amarillo, TX (3)		1,557		860		3,810		—		860		3,810		4,670		1,305	1996	2006
Retail-Furniture	Austin, TX (3)		2,873		1,587		7,010		—		1,587		7,010		8,597		2,402	2001	2006
Retail-Furniture	Tyler, TX (3)		1,866		1,031		4,554		—		1,031		4,554		5,585		1,561	2001	2006
Retail-Furniture	Newport News, VA (3)		1,360		751		3,316		—		751		3,316		4,067		1,137	1995	2006
Retail-Furniture	Richmond, VA (3)		1,569		867		3,829		—		867		3,829		4,696		1,313	1979	2006
Retail-Furniture	Virginia Beach, VA (3)		1,545		854		3,770		—		854		3,770		4,624		1,292	1995	2006
Retail-Furniture	Gurnee, IL		—		834		3,635		—		834		3,635		4,469		1,208	1994	2006
Retail-Furniture	Naples, FL		1,949		3,070		2,846		189		3,070		3,035		6,105		868	1992	2008
Retail-Office Supply	Lake Charles, LA (4)		4,836		1,167		4,669		599		1,167		5,268		6,435		2,359	1998	2002
Retail-Office Supply	Chicago, IL (4)		3,534		3,877		2,256		—		3,877		2,256		6,133		637	1994	2008
Retail-Office Supply	Cary, NC (4)		2,982		1,129		3,736		—		1,129		3,736		4,865		1,055	1995	2008
Retail-Office Supply	Eugene, OR (4)		2,655		1,952		2,096		—		1,952		2,096		4,048		592	1994	2008
Retail-Office Supply	El Paso, TX (4)		2,320		1,035		2,700		—		1,035		2,700		3,735		762	1993	2008
Theater	Greensboro, NC		—		—		8,328		3,000		—		11,328		11,328		8,203	1999	2004
Theater	Indianapolis, IN		4,002		3,099		5,225		19		3,099		5,244		8,343		732	1997	2014
		$	440,278	$	195,320	$	602,532	$	37,985	$	195,320	$	640,517	$	835,837	$	135,302

Note 1—Depreciation is provided over the estimated useful lives of the buildings and improvements, which range from 5 to 40 years.

Note 2—Upon purchase of the property in December 2006, a $416,000 rental income reserve was posted by the seller for the Company’s benefit, since the property was not producing sufficient rent at the time of acquisition. The Company recorded the receipt of this rental reserve as a reduction to land and building.

Note 3—These 11 properties are retail furniture stores covered by one master lease and one loan that is secured by cross-collateralized mortgages.

Note 4—These five properties are retail office supply stores net leased to the same tenant, pursuant to separate leases. Four of these leases contain cross default provisions.

ONE LIBERTY PROPERTIES, INC. AND SUBSIDIARIES

Notes to Schedule III

Consolidated Real Estate and Accumulated Depreciation

(a) Reconciliation of “Real Estate and Accumulated Depreciation”

(Amounts in Thousands)


	Year Ended December 31,
	2019		2018		2017
Investment in real estate:
Balance, beginning of year	$	829,143	$	775,327	$	748,065
Addition: Land, buildings and improvements		49,669		86,117		47,207
Deduction: Properties sold		(42,975)		(32,301)		(19,792)
Deduction: Impairment loss		—		—		(153)
Balance, end of year	$	835,837	$	829,143	$	775,327
		(b)
Accumulated depreciation:
Balance, beginning of year	$	123,684	$	108,953	$	96,852
Addition: Depreciation		17,534		16,615		15,689
Deduction: Accumulated depreciation related to properties sold		(5,916)		(1,884)		(3,588)
Balance, end of year	$	135,302	$	123,684	$	108,953

(b)	At December 31, 2019, the aggregate cost for federal income tax purposes is approximately $16,861 greater than the Company’s recorded values.