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Schedule III - Consolidated Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2021

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, 2021

(Amounts in Thousands)


													Cost
													Capitalized			Gross Amount at Which Carried
							Initial Cost to Company						Subsequent to			at December 31, 2021
										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		$	3,058		1988		2002
Health & Fitness		Hamilton, OH			4,282			1,483			5,953			—			1,483			5,953			7,436			1,784		2008		2011
Health & Fitness		Secaucus, NJ			7,722			5,449			9,873			—			5,449			9,873			15,322			2,249		1986		2012
Industrial		West Palm Beach, FL			—			181			724			235			181			959			1,140			472		1973		1998
Industrial		New Hyde Park, NY			2,267			182			728			281			182			1,009			1,191			510		1960		1999
Industrial		Ronkonkoma, NY			5,305			1,042			4,171			2,920			1,042			7,091			8,133			3,129		1986		2000
Industrial		Hauppauge, NY			24,006			1,951			10,954			9,600			1,951			20,554			22,505			8,103		1982		2000
Industrial		Melville, NY			2,396			774			3,029			1,170			774			4,199			4,973			1,793		1982		2003
Industrial		Saco, ME			5,165			1,027			3,623			2,050			1,027			5,673			6,700			1,630		2001		2006
Industrial		Baltimore, MD (2)			18,261			6,474			25,282			—			6,474			25,282			31,756			9,507		1960		2006
Industrial		Durham, NC			2,444			1,043			2,404			44			1,043			2,448			3,491			758		1991		2011
Industrial		Pinellas Park, FL			2,111			1,231			1,669			—			1,231			1,669			2,900			432		1995		2012
Industrial		Miamisburg, OH			—			165			1,348			83			165			1,431			1,596			379		1987		2012
Industrial		Fort Mill, SC			7,195			1,840			12,687			55			1,840			12,742			14,582			2,967		1992		2013
Industrial		Indianapolis, IN			5,208			1,224			6,935			—			1,224			6,935			8,159			1,833		1997		2013
Industrial		Fort Mill, SC			21,982			1,804			33,650			—			1,804			33,650			35,454			8,572		1997		2013
Industrial		New Hope, MN			3,864			881			6,064			154			881			6,218			7,099			1,129		1967		2014
Industrial		Louisville, KY			—			578			3,727			34			578			3,761			4,339			672		1974		2015
Industrial		Louisville, KY			—			51			230			—			51			230			281			41		1974		2015
Industrial		McCalla, AL			9,124			1,588			14,682			—			1,588			14,682			16,270			2,418		2003		2015
Industrial		St. Louis, MO			10,344			3,728			13,006			739			3,728			13,745			17,473			2,363		1969		2015
Industrial		Greenville, SC			4,523			693			6,893			307			693			7,200			7,893			1,105		1997		2016
Industrial		Greenville, SC			5,026			528			8,074			127			528			8,201			8,729			1,254		2000		2016
Industrial		El Paso, TX			12,798			3,691			17,904			350			3,691			18,254			21,945			2,662		1997		2016
Industrial		Lebanon, TN			20,378			2,094			30,039			44			2,094			30,083			32,177			4,117		1996		2016
Industrial		Huntersville, NC			4,561			1,046			6,674			—			1,046			6,674			7,720			815		2014		2017
Industrial		Pittston, PA			6,387			999			9,922			250			999			10,172			11,171			1,229		1990		2017
Industrial		Ankeny, IA			7,779			1,351			11,607			—			1,351			11,607			12,958			1,353		2016		2017
Industrial		Memphis, TN			4,734			140			7,952			—			140			7,952			8,092			872		1979		2017
Industrial		Pennsburg, PA			7,609			1,776			11,126			—			1,776			11,126			12,902			1,170		1986		2018
Industrial		Plymouth, MN			3,079			1,121			4,429			—			1,121			4,429			5,550			410		1978		2018
Industrial		Englewood, CO			7,820			1,562			11,300			—			1,562			11,300			12,862			943		2013		2018
Industrial		Moorestown, NJ			3,715			1,822			5,056			—			1,822			5,056			6,878			415		1990		2018
Industrial		Moorestown, NJ			8,278			1,443			10,898			52			1,443			10,950			12,393			882		1972		2018
Industrial		Bakersfield, CA			—			1,988			9,998			—			1,988			9,998			11,986			798		1980		2018
Industrial		Green Park, MO			5,994			1,421			7,835			—			1,421			7,835			9,256			613		2008		2018
Industrial		Greenville, SC			—			186			6,419			—			186			6,419			6,605			497		2008		2018
Industrial		Nashville, TN			4,891			1,058			6,350			—			1,058			6,350			7,408			424		1974		2019
Industrial		Wauconda, IL			—			67			3,423			41			67			3,464			3,531			248		1998		2019
Industrial		Bensalem, PA			3,859			1,602			4,323			50			1,602			4,373			5,975			279		1975		2019
Industrial		Chandler, AZ			4,920			1,335			7,379			22			1,335			7,401			8,736			493		2004		2019
Industrial		LaGrange, GA			3,031			297			4,500			—			297			4,500			4,797			287		2013		2019
Industrial		Shakopee, MN			4,742			1,877			5,462			10			1,877			5,472			7,349			333		1998		2019


													Cost
													Capitalized			Gross Amount at Which Carried
							Initial Cost to Company						Subsequent to			at December 31, 2021
										Building and			Acquisition						Building &						Accumulated			Date of		Date
Type		Location		Encumbrances			Land			Improvements			Improvements			Land			Improvements			Total			Depreciation (1)			Construction		Acquired
Industrial		Rincon, GA			3,896			61			5,968			—			61			5,968			6,029			335		1998		2019
Industrial		Chandler, AZ			—			1,164			1,691			4			1,164			1,695			2,859			100		2007		2019
Industrial		Ashland, VA			5,444			391			7,901			—			391			7,901			8,292			387		2007		2020
Industrial		Lowell, AR			11,945			1,687			15,188			—			1,687			15,188			16,875			780		2017		2020
Industrial		Monroe, NC			4,431			897			5,106			—			897			5,106			6,003			84		2000		2021
Industrial		Lehigh Acres, FL			6,060			1,935			7,393			—			1,935			7,393			9,328			56		2002		2021
Industrial		Omaha, NE			—			1,000			6,548			—			1,000			6,548			7,548			21		1988		2021
Industrial		Joppa, MD			8,482			3,815			8,142			1,473			3,815			9,615			13,430			2,051		1994		2014
Office		Brooklyn, NY			—			1,381			5,447			3,013			1,381			8,460			9,841			4,555		1973		1998
Other		Newark, DE			1,364			935			3,643			278			935			3,921			4,856			1,738		1996		2003
Other		Beachwood, OH			—			13,901			—			1,855			15,756			—			15,756			—		N/A		2016
Restaurant		Hauppauge, NY			—			725			2,963			—			725			2,963			3,688			1,194		1992		2005
Restaurant		Palmyra, PA			—			650			650			—			650			650			1,300			186		1981		2010
Restaurant		Reading, PA			—			655			625			—			655			625			1,280			179		1981		2010
Restaurant		Reading, PA			—			618			643			—			618			643			1,261			185		1983		2010
Restaurant		Trexlertown, PA			—			800			439			—			800			439			1,239			125		1994		2010
Restaurant		Carrollton, GA			1,374			796			1,458			—			796			1,458			2,254			423		1996		2012
Restaurant		Cartersville, GA			1,299			786			1,346			—			786			1,346			2,132			415		1995		2012
Restaurant		Kennesaw, GA			1,065			702			916			—			702			916			1,618			249		1989		2012
Restaurant		Lawrenceville, GA			1,022			866			899			—			866			899			1,765			285		1988		2012
Restaurant		Concord, NC			1,345			999			1,076			—			999			1,076			2,075			273		2000		2013
Restaurant		Myrtle Beach, SC			1,345			1,102			1,161			—			1,102			1,161			2,263			297		1978		2013
Restaurant		Greensboro, NC			—			1,770			1,237			—			1,770			1,237			3,007			378		1983		2013
Restaurant		Richmond, VA			—			1,680			1,341			—			1,680			1,341			3,021			254		1983		2013
Restaurant		Indianapolis, IN			—			853			1,465			—			853			1,465			2,318			339		1982		2014
Retail		Seattle, WA			—			201			189			35			201			224			425			169		1986		1987
Retail		Rosenberg, TX			—			216			863			66			216			929			1,145			604		1994		1995
Retail		Ft. Myers, FL			—			1,013			4,054			—			1,013			4,054			5,067			2,546		1995		1996
Retail		Selden, NY			2,460			572			2,287			150			572			2,437			3,009			1,375		1997		1999
Retail		Batavia, NY			—			515			2,061			—			515			2,061			2,576			1,178		1998		1999
Retail		Champaign, IL			—			791			3,165			530			791			3,695			4,486			1,966		1985		1999
Retail		El Paso, TX			9,852			2,821			11,123			2,587			2,821			13,710			16,531			7,641		1974		2000
Retail		Somerville, MA			—			510			1,993			24			510			2,017			2,527			951		1993		2003
Retail		Hyannis, MA			—			802			2,324			—			802			2,324			3,126			811		1998		2008
Retail		Marston Mills, MA			—			461			2,313			—			461			2,313			2,774			802		1998		2008
Retail		Everett, MA			—			1,935			—			—			1,935			—			1,935			—		N/A		2008
Retail		Kennesaw, GA			4,801			1,501			4,349			1,138			1,501			5,487			6,988			1,985		1995		2008
Retail		Royersford, PA			18,876			19,538			3,150			524			19,538			3,674			23,212			1,118		2001		2010
Retail		Monroeville, PA			—			450			863			—			450			863			1,313			251		1994		2010
Retail		Bolingbrook, IL			—			834			1,887			101			834			1,988			2,822			612		2001		2011
Retail		Crystal Lake, IL			—			615			1,899			—			615			1,899			2,514			595		1997		2011
Retail		Lawrence, KS			—			134			938			207			134			1,145			1,279			255		1915		2012
Retail		Greensboro, NC			1,207			1,046			1,552			29			1,046			1,581			2,627			365		2002		2014
Retail		Highlands Ranch, CO			—			2,361			2,924			296			2,361			3,220			5,581			720		1995		2014
Retail		Woodbury, MN			2,606			1,190			4,003			—			1,190			4,003			5,193			870		2006		2014
Retail		Cuyahoga Falls, OH			982			71			1,371			—			71			1,371			1,442			199		2004		2016
Retail		Hilliard, OH			869			300			1,077			—			300			1,077			1,377			160		2007		2016
Retail		Port Clinton, OH			841			52			1,187			—			52			1,187			1,239			177		2005		2016
Retail		South Euclid, OH			954			230			1,566			53			230			1,619			1,849			242		1975		2016


													Cost
													Capitalized			Gross Amount at Which Carried
							Initial Cost to Company						Subsequent to			at December 31, 2021
										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			1,907		1962		2016
Retail		Deptford, NJ			2,449			572			1,779			705			572			2,484			3,056			960		1981		2012
Retail		Cape Girardeau, MO			985			545			1,547			—			545			1,547			2,092			404		1994		2012
Retail		Littleton, CO			9,921			6,005			11,272			994			6,005			12,266			18,271			2,502		1985		2015
Retail-Furniture		Columbus, OH			—			1,445			5,431			460			1,445			5,891			7,336			3,509		1996		1997
Retail-Furniture		Duluth, GA (3)			1,284			778			3,436			30			778			3,466			4,244			1,349		1987		2006
Retail-Furniture		Fayetteville, GA (3)			1,608			976			4,308			—			976			4,308			5,284			1,692		1987		2006
Retail-Furniture		Wichita, KS (3)			1,954			1,189			5,248			178			1,189			5,426			6,615			2,061		1996		2006
Retail-Furniture		Lexington, KY (3)			1,332			800			3,532			145			800			3,677			4,477			1,387		1999		2006
Retail-Furniture		Bluffton, SC (3)			973			589			2,600			163			589			2,763			3,352			1,021		1994		2006
Retail-Furniture		Amarillo, TX (3)			1,414			860			3,810			129			860			3,939			4,799			1,496		1996		2006
Retail-Furniture		Austin, TX (3)			2,636			1,587			7,010			162			1,587			7,172			8,759			2,753		2001		2006
Retail-Furniture		Tyler, TX (3)			1,698			1,031			4,554			187			1,031			4,741			5,772			1,789		2001		2006
Retail-Furniture		Newport News, VA (3)			1,239			751			3,316			89			751			3,405			4,156			1,302		1995		2006
Retail-Furniture		Richmond, VA (3)			1,440			867			3,829			211			867			4,040			4,907			1,504		1979		2006
Retail-Furniture		Virginia Beach, VA (3)			1,406			854			3,770			236			854			4,006			4,860			1,481		1995		2006
Retail-Furniture		Gurnee, IL			—			834			3,635			—			834			3,635			4,469			1,390		1994		2006
Retail-Furniture		Naples, FL			1,820			3,070			2,846			195			3,070			3,041			6,111			1,036		1992		2008
Retail-Office Supply		Lake Charles, LA (4)(5)			4,503			1,167			3,887			2,905			1,167			6,792			7,959			2,385		1998		2002
Retail-Office Supply		Chicago, IL (5)			3,316			3,877			2,256			—			3,877			2,256			6,133			750		1994		2008
Retail-Office Supply		Cary, NC (5)			2,798			1,129			3,736			—			1,129			3,736			4,865			1,241		1995		2008
Retail-Office Supply		Eugene, OR (5)			2,491			1,952			2,096			—			1,952			2,096			4,048			696		1994		2008
Retail-Office Supply		El Paso, TX (5)			2,176			1,035			2,700			—			1,035			2,700			3,735			897		1993		2008
Theater		Greensboro, NC			—			—			8,328			3,000			—			11,328			11,328			8,661		1999		2004
Theater		Indianapolis, IN			3,897			3,099			5,225			19			3,099			5,244			8,343			1,013		1997		2014
				$	399,660		$	178,328		$	614,952		$	44,361		$	180,183		$	657,458		$	837,641		$	160,664

Note 1—Depreciation is provided over the estimated useful lives of the buildings and improvements, which range from 2 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 loan that is secured by cross-collateralized mortgages.

Note 4—Amounts for this property’s building and improvements and accumulated depreciation are shown 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,
		2021			2020			2019
Investment in real estate:
Balance, beginning of year		$	839,058		$	835,837		$	829,143
Addition: Land, buildings and improvements			28,837			26,444			49,669
Deduction: Properties sold			(28,064)			(22,441)			(42,975)
Deduction: Property held-for-sale			(2,190)			—			—
Deduction: Impairment due to casualty loss			—			(782)			—
Balance, end of year		$	837,641		$	839,058		$	835,837
			(b)
Accumulated depreciation:
Balance, beginning of year		$	147,136		$	135,302		$	123,684
Addition: Depreciation			17,694			17,941			17,534
Deduction: Accumulated depreciation related to properties sold			(3,246)			(5,755)			(5,916)
Deduction: Accumulated depreciation related to property held-for-sale			(920)			—			—
Deduction: Impairment due to casualty loss			—			(352)			—
Balance, end of year		$	160,664		$	147,136		$	135,302

(b)	At December 31, 2021, the aggregate cost for federal income tax purposes is approximately $17,597 greater than the Company’s recorded values.