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Schedule III - Consolidated Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2020

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, 2020

(Amounts in Thousands)


													Cost
													Capitalized			Gross Amount at Which Carried
							Initial Cost to Company						Subsequent to			at December 31, 2020
										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		$	3,420		$	807		$	6,447		$	7,254		$	2,857		1988		2002
Health & Fitness		Hamilton, OH			4,434			1,483			5,953			—			1,483			5,953			7,436			1,612		2008		2011
Health & Fitness		Secaucus, NJ			8,028			5,449			9,873			—			5,449			9,873			15,322			2,000		1986		2012
Industrial		Columbus, OH			—			435			1,703			52			435			1,755			2,190			875		1979		1995
Industrial		West Palm Beach, FL			—			181			724			235			181			959			1,140			432		1973		1998
Industrial		New Hyde Park, NY			2,345			182			728			281			182			1,009			1,191			477		1960		1999
Industrial		Ronkonkoma, NY			5,446			1,042			4,171			2,920			1,042			7,091			8,133			2,882		1986		2000
Industrial		Hauppauge, NY			24,954			1,951			10,954			9,600			1,951			20,554			22,505			7,350		1982		2000
Industrial		Melville, NY			2,490			774			3,029			1,170			774			4,199			4,973			1,671		1982		2003
Industrial		Saco, ME			5,306			1,027			3,623			2,050			1,027			5,673			6,700			1,488		2001		2006
Industrial		Baltimore, MD (2)			18,860			6,474			25,282			—			6,474			25,282			31,756			8,875		1960		2006
Industrial		Durham, NC			2,534			1,043			2,404			44			1,043			2,448			3,491			690		1991		2011
Industrial		Pinellas Park, FL			2,183			1,231			1,669			—			1,231			1,669			2,900			392		1995		2012
Industrial		Miamisburg, OH			—			165			1,348			83			165			1,431			1,596			324		1987		2012
Industrial		Fort Mill, SC			7,487			1,840			12,687			55			1,840			12,742			14,582			2,632		1992		2013
Industrial		Indianapolis, IN			5,402			1,224			6,935			—			1,224			6,935			8,159			1,672		1997		2013
Industrial		Fort Mill, SC			22,811			1,804			33,650			—			1,804			33,650			35,454			7,781		1997		2013
Industrial		New Hope, MN			3,960			881			6,064			81			881			6,145			7,026			965		1967		2014
Industrial		Louisville, KY			2,083			578			3,727			34			578			3,761			4,339			572		1974		2015
Industrial		Louisville, KY			—			51			230			—			51			230			281			34		1974		2015
Industrial		McCalla, AL			9,443			1,588			14,682			—			1,588			14,682			16,270			2,044		2003		2015
Industrial		St. Louis, MO			10,706			3,728			13,006			739			3,728			13,745			17,473			1,974		1969		2015
Industrial		Greenville, SC			4,672			693			6,893			236			693			7,129			7,822			896		1997		2016
Industrial		Greenville, SC			5,192			528			8,074			127			528			8,201			8,729			1,032		2000		2016
Industrial		El Paso, TX			13,243			3,691			17,904			350			3,691			18,254			21,945			2,180		1997		2016
Industrial		Lebanon, TN			20,792			2,094			30,039			44			2,094			30,083			32,177			3,338		1996		2016
Industrial		Huntersville, NC			4,707			1,046			6,674			—			1,046			6,674			7,720			638		2014		2017
Industrial		Pittston, PA			6,587			999			9,922			250			999			10,172			11,171			958		1990		2017
Industrial		Ankeny, IA			8,030			1,351			11,607			—			1,351			11,607			12,958			1,055		2016		2017
Industrial		Memphis, TN			4,864			140			7,952			—			140			7,952			8,092			665		1979		2017
Industrial		Pennsburg, PA			7,808			1,776			11,126			—			1,776			11,126			12,902			861		1986		2018
Industrial		Plymouth, MN			3,160			1,121			4,429			—			1,121			4,429			5,550			294		1978		2018
Industrial		Englewood, CO			8,010			1,562			11,300			—			1,562			11,300			12,862			649		2013		2018
Industrial		Moorestown, NJ			3,812			1,822			5,056			—			1,822			5,056			6,878			283		1990		2018
Industrial		Moorestown, NJ			8,481			1,443			10,898			—			1,443			10,898			12,341			599		1972		2018
Industrial		Bakersfield, CA			—			1,988			9,998			—			1,988			9,998			11,986			536		1980		2018
Industrial		Green Park, MO			6,148			1,421			7,835			—			1,421			7,835			9,256			412		2008		2018
Industrial		Greenville, SC			—			186			6,419			—			186			6,419			6,605			334		2008		2018
Industrial		Nashville, TN			5,022			1,058			6,350			—			1,058			6,350			7,408			263		1974		2019
Industrial		Wauconda, IL			—			67			3,423			41			67			3,464			3,531			153		1998		2019
Industrial		Bensalem, PA			3,958			1,602			4,323			—			1,602			4,323			5,925			169		1975		2019
Industrial		Chandler, AZ			5,048			1,335			7,379			—			1,335			7,379			8,714			299		2004		2019
Industrial		LaGrange, GA			3,111			297			4,500			—			297			4,500			4,797			171		2013		2019
Industrial		Shakopee, MN			4,872			1,877			5,462			10			1,877			5,472			7,349			187		1998		2019


													Cost
													Capitalized			Gross Amount at Which Carried
							Initial Cost to Company						Subsequent to			at December 31, 2020
										Building and			Acquisition						Building &						Accumulated			Date of		Date
Type		Location		Encumbrances			Land			Improvements			Improvements			Land			Improvements			Total			Depreciation (1)			Construction		Acquired
Industrial		Rincon, GA			4,000			61			5,968			—			61			5,968			6,029			183		1998		2019
Industrial		Chandler, AZ			—			1,164			1,691			4			1,164			1,695			2,859			55		2007		2019
Industrial		Ashland, VA			5,592			391			7,901			—			391			7,901			8,292			180		2007		2020
Industrial		Lowell, AR			12,266			1,687			15,188			—			1,687			15,188			16,875			364		2017		2020
Industrial		Joppa, MD			8,777			3,815			8,142			1,473			3,815			9,615			13,430			1,747		1994		2014
Office		Brooklyn, NY			1,692			1,381			5,447			3,013			1,381			8,460			9,841			4,314		1973		1998
Other		Newark, DE			1,459			935			3,643			278			935			3,921			4,856			1,617		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			1,120		1992		2005
Restaurant		Palmyra, PA			663			650			650			—			650			650			1,300			170		1981		2010
Restaurant		Reading, PA			655			655			625			—			655			625			1,280			163		1981		2010
Restaurant		Reading, PA			645			618			643			—			618			643			1,261			169		1983		2010
Restaurant		Hanover, PA			725			736			686			—			736			686			1,422			178		1992		2010
Restaurant		Gettysburg, PA			743			754			704			—			754			704			1,458			182		1991		2010
Restaurant		Trexlertown, PA			632			800			439			—			800			439			1,239			114		1994		2010
Restaurant		Carrollton, GA			1,428			796			1,458			—			796			1,458			2,254			379		1996		2012
Restaurant		Cartersville, GA			1,351			786			1,346			—			786			1,346			2,132			373		1995		2012
Restaurant		Kennesaw, GA			1,107			702			916			—			702			916			1,618			227		1989		2012
Restaurant		Lawrenceville, GA			1,063			866			899			—			866			899			1,765			264		1988		2012
Restaurant		Concord, NC			1,394			999			1,076			—			999			1,076			2,075			240		2000		2013
Restaurant		Myrtle Beach, SC			1,394			1,102			1,161			—			1,102			1,161			2,263			270		1978		2013
Restaurant		Greensboro, NC			3,045			1,770			1,237			—			1,770			1,237			3,007			329		1983		2013
Restaurant		Richmond, VA			—			1,680			1,341			—			1,680			1,341			3,021			225		1983		2013
Restaurant		Indianapolis, IN			—			853			1,465			—			853			1,465			2,318			297		1982		2014
Retail		Seattle, WA			—			201			189			35			201			224			425			162		1986		1987
Retail		Rosenberg, TX			—			216			863			66			216			929			1,145			578		1994		1995
Retail		Ft. Myers, FL			—			1,013			4,054			—			1,013			4,054			5,067			2,445		1995		1996
Retail		Selden, NY			2,528			572			2,287			150			572			2,437			3,009			1,314		1997		1999
Retail		Batavia, NY			—			515			2,061			—			515			2,061			2,576			1,127		1998		1999
Retail		Champaign, IL			1,371			791			3,165			530			791			3,695			4,486			1,853		1985		1999
Retail		El Paso, TX			10,179			2,821			11,123			2,587			2,821			13,710			16,531			7,121		1974		2000
Retail		Somerville, MA			—			510			1,993			24			510			2,017			2,527			900		1993		2003
Retail		Hyannis, MA			—			802			2,324			—			802			2,324			3,126			753		1998		2008
Retail		Marston Mills, MA			—			461			2,313			—			461			2,313			2,774			744		1998		2008
Retail		Everett, MA			—			1,935			—			—			1,935			—			1,935			—		N/A		2008
Retail		Kennesaw, GA			4,961			1,501			4,349			1,138			1,501			5,487			6,988			1,776		1995		2008
Retail		Royersford, PA			19,207			19,538			3,150			524			19,538			3,674			23,212			1,008		2001		2010
Retail		Monroeville, PA			—			450			863			—			450			863			1,313			229		1994		2010
Retail		Bolingbrook, IL			—			834			1,887			101			834			1,988			2,822			551		2001		2011
Retail		Crystal Lake, IL			—			615			1,899			—			615			1,899			2,514			551		1997		2011
Retail		Lawrence, KS			—			134			938			157			134			1,095			1,229			220		1915		2012
Retail		Greensboro, NC			1,250			1,046			1,552			29			1,046			1,581			2,627			322		2002		2014
Retail		Highlands Ranch, CO			—			2,361			2,924			296			2,361			3,220			5,581			612		1995		2014
Retail		Woodbury, MN			2,700			1,190			4,003			—			1,190			4,003			5,193			756		2006		2014
Retail		Cuyahoga Falls, OH			1,016			71			1,371			—			71			1,371			1,442			163		2004		2016
Retail		Hilliard, OH			900			300			1,077			—			300			1,077			1,377			131		2007		2016
Retail		Port Clinton, OH			871			52			1,187			—			52			1,187			1,239			145		2005		2016
Retail		South Euclid, OH			987			230			1,566			53			230			1,619			1,849			192		1975		2016


													Cost
													Capitalized			Gross Amount at Which Carried
							Initial Cost to Company						Subsequent to			at December 31, 2020
										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			152			3,388			13,240			16,628			1,550		1962		2016
Retail		Deptford, NJ			2,529			572			1,779			705			572			2,484			3,056			859		1981		2012
Retail		Cape Girardeau, MO			1,042			545			1,547			—			545			1,547			2,092			360		1994		2012
Retail		Littleton, CO			10,277			6,005			11,272			451			6,005			11,723			17,728			2,127		1985		2015
Retail - Supermarket		West Hartford, CT			15,675			9,296			4,813			261			9,296			5,074			14,370			1,489		2005		2010
Retail - Supermarket		West Hartford, CT			—			2,881			94			326			2,881			420			3,301			235		N/A		2010
Retail - Supermarket		Philadelphia, PA			3,687			1,793			5,640			80			1,793			5,720			7,513			999		1992		2014
Retail-Furniture		Columbus, OH			—			1,445			5,431			460			1,445			5,891			7,336			3,360		1996		1997
Retail-Furniture		Duluth, GA (3)			1,368			778			3,436			—			778			3,436			4,214			1,264		1987		2006
Retail-Furniture		Fayetteville, GA (3)			1,718			976			4,308			—			976			4,308			5,284			1,585		1987		2006
Retail-Furniture		Wichita, KS (3)			2,092			1,189			5,248			—			1,189			5,248			6,437			1,931		1996		2006
Retail-Furniture		Lexington, KY (3)			1,406			800			3,532			—			800			3,532			4,332			1,299		1999		2006
Retail-Furniture		Bluffton, SC (3)			1,036			589			2,600			—			589			2,600			3,189			957		1994		2006
Retail-Furniture		Amarillo, TX (3)			1,512			860			3,810			—			860			3,810			4,670			1,397		1996		2006
Retail-Furniture		Austin, TX (3)			2,792			1,587			7,010			—			1,587			7,010			8,597			2,577		2001		2006
Retail-Furniture		Tyler, TX (3)			1,813			1,031			4,554			—			1,031			4,554			5,585			1,674		2001		2006
Retail-Furniture		Newport News, VA (3)			1,321			751			3,316			—			751			3,316			4,067			1,220		1995		2006
Retail-Furniture		Richmond, VA (3)			1,525			867			3,829			—			867			3,829			4,696			1,408		1979		2006
Retail-Furniture		Virginia Beach, VA (3)			1,501			854			3,770			—			854			3,770			4,624			1,387		1995		2006
Retail-Furniture		Gurnee, IL			—			834			3,635			—			834			3,635			4,469			1,299		1994		2006
Retail-Furniture		Naples, FL			1,885			3,070			2,846			189			3,070			3,035			6,105			952		1992		2008
Retail-Office Supply		Lake Charles, LA (4)(5)			4,673			1,167			3,887			1,199			1,167			5,086			6,253			2,177		1998		2002
Retail-Office Supply		Chicago, IL (5)			3,427			3,877			2,256			—			3,877			2,256			6,133			693		1994		2008
Retail-Office Supply		Cary, NC (5)			2,892			1,129			3,736			—			1,129			3,736			4,865			1,148		1995		2008
Retail-Office Supply		Eugene, OR (5)			2,574			1,952			2,096			—			1,952			2,096			4,048			644		1994		2008
Retail-Office Supply		El Paso, TX (5)			2,250			1,035			2,700			—			1,035			2,700			3,735			830		1993		2008
Theater		Greensboro, NC			—			—			8,328			3,000			—			11,328			11,328			8,459		1999		2004
Theater		Indianapolis, IN			3,964			3,099			5,225			19			3,099			5,244			8,343			872		1997		2014
				$	433,549		$	190,391		$	609,545		$	39,122		$	190,391		$	648,667		$	839,058		$	147,136

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 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—Amounts for this property’s building and improvements and accumulated depreciation are show net of $782 and $352, respectively, resulting from a 2020 impairment write-off due to casualty loss.

Note 5—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,
		2020			2019			2018
Investment in real estate:
Balance, beginning of year		$	835,837		$	829,143		$	775,327
Addition: Land, buildings and improvements			26,444			49,669			86,117
Deduction: Properties sold			(22,441)			(42,975)			(32,301)
Deduction: Impairment due to casualty loss			(782)			—			—
Balance, end of year		$	839,058		$	835,837		$	829,143
			(b)
Accumulated depreciation:
Balance, beginning of year		$	135,302		$	123,684		$	108,953
Addition: Depreciation			17,941			17,534			16,615
Deduction: Impairment due to casualty loss			(352)			—			—
Deduction: Accumulated depreciation related to properties sold			(5,755)			(5,916)			(1,884)
Balance, end of year		$	147,136		$	135,302		$	123,684

(b)	At December 31, 2020, the aggregate cost for federal income tax purposes is approximately $19,599 greater than the Company’s recorded values.