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Schedule III - Consolidated Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2022

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, 2022

(Amounts in Thousands)


													Cost
													Capitalized			Gross Amount at Which Carried
							Initial Cost to Company						Subsequent to			at December 31, 2022
										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		$	3,259		1988		2002
Health & Fitness		Hamilton, OH			4,122			1,483			5,953			—			1,483			5,953			7,436			1,956		2008		2011
Health & Fitness		Secaucus, NJ			7,397			5,449			9,873			—			5,449			9,873			15,322			2,498		1986		2012
Industrial		West Palm Beach, FL			—			181			724			235			181			959			1,140			512		1973		1998
Industrial		New Hyde Park, NY			2,187			182			728			281			182			1,009			1,191			542		1960		1999
Industrial		Ronkonkoma, NY			5,158			1,042			4,171			2,943			1,042			7,114			8,156			3,376		1986		2000
Industrial		Hauppauge, NY			23,017			1,951			10,954			9,600			1,951			20,554			22,505			8,781		1982		2000
Industrial		Melville, NY			2,297			774			3,029			1,170			774			4,199			4,973			1,915		1982		2003
Industrial		Saco, ME			5,019			1,027			3,623			2,050			1,027			5,673			6,700			1,772		2001		2006
Industrial		Baltimore, MD			17,640			6,474			25,282			—			6,474			25,282			31,756			10,139		1960		2006
Industrial		Durham, NC			2,351			1,043			2,404			44			1,043			2,448			3,491			817		1991		2011
Industrial		Pinellas Park, FL			2,036			1,231			1,669			614			1,231			2,283			3,514			474		1995		2012
Industrial		Miamisburg, OH			—			165			1,348			83			165			1,431			1,596			433		1987		2012
Industrial		Fort Mill, SC			6,891			1,840			12,687			87			1,840			12,774			14,614			3,280		1992		2013
Industrial		Indianapolis, IN			5,006			1,224			6,935			—			1,224			6,935			8,159			1,994		1997		2013
Industrial		Fort Mill, SC			21,111			1,804			33,650			—			1,804			33,650			35,454			9,363		1997		2013
Industrial		New Hope, MN			3,763			881			6,064			234			881			6,298			7,179			1,303		1967		2014
Industrial		Louisville, KY			—			578			3,727			34			578			3,761			4,339			772		1974		2015
Industrial		Louisville, KY			—			51			230			—			51			230			281			47		1974		2015
Industrial		McCalla, AL			12,935			1,588			14,682			—			1,588			14,682			16,270			2,793		2003		2015
Industrial		St. Louis, MO			9,968			3,728			13,006			739			3,728			13,745			17,473			2,753		1969		2015
Industrial		Greenville, SC			4,368			693			6,893			307			693			7,200			7,893			1,315		1997		2016
Industrial		Greenville, SC			4,854			528			8,074			127			528			8,201			8,729			1,477		2000		2016
Industrial		El Paso, TX			23,000			3,691			17,904			2,429			3,691			20,333			24,024			3,241		1997		2016
Industrial		Lebanon, TN			19,949			2,094			30,039			44			2,094			30,083			32,177			4,896		1996		2016
Industrial		Huntersville, NC			4,409			1,046			6,674			—			1,046			6,674			7,720			991		2014		2017
Industrial		Pittston, PA			14,350			999			9,922			1,048			999			10,970			11,969			1,514		1990		2017
Industrial		Ankeny, IA			7,520			1,351			11,607			—			1,351			11,607			12,958			1,651		2016		2017
Industrial		Memphis, TN			4,599			140			7,952			—			140			7,952			8,092			1,079		1979		2017
Industrial		Pennsburg, PA			7,400			1,776			11,126			—			1,776			11,126			12,902			1,478		1986		2018
Industrial		Plymouth, MN			2,993			1,121			4,429			—			1,121			4,429			5,550			526		1978		2018
Industrial		Englewood, CO			7,621			1,562			11,300			—			1,562			11,300			12,862			1,237		2013		2018
Industrial		Moorestown, NJ			3,613			1,822			5,056			—			1,822			5,056			6,878			548		1990		2018
Industrial		Moorestown, NJ			8,066			1,443			10,898			52			1,443			10,950			12,393			1,190		1972		2018
Industrial		Bakersfield, CA			—			1,988			9,998			—			1,988			9,998			11,986			1,061		1980		2018
Industrial		Green Park, MO			5,834			1,421			7,835			—			1,421			7,835			9,256			815		2008		2018
Industrial		Greenville, SC			—			186			6,419			210			186			6,629			6,815			683		2008		2018
Industrial		Nashville, TN			4,754			1,058			6,350			—			1,058			6,350			7,408			586		1974		2019
Industrial		Wauconda, IL			—			67			3,423			41			67			3,464			3,531			344		1998		2019
Industrial		Bensalem, PA			3,756			1,602			4,323			150			1,602			4,473			6,075			396		1975		2019
Industrial		Chandler, AZ			4,787			1,335			7,379			102			1,335			7,481			8,816			693		2004		2019
Industrial		LaGrange, GA			2,948			297			4,500			—			297			4,500			4,797			404		2013		2019
Industrial		Shakopee, MN			4,608			1,877			5,462			10			1,877			5,472			7,349			478		1998		2019


													Cost
													Capitalized			Gross Amount at Which Carried
							Initial Cost to Company						Subsequent to			at December 31, 2022
										Building and			Acquisition						Building &						Accumulated			Date of		Date
Type		Location		Encumbrances			Land			Improvements			Improvements			Land			Improvements			Total			Depreciation (1)			Construction		Acquired
Industrial		Rincon, GA		$	3,788		$	61		$	5,968		$	—		$	61		$	5,968		$	6,029		$	487		1998		2019
Industrial		Chandler, AZ			—			1,164			1,691			4			1,164			1,695			2,859			146		2007		2019
Industrial		Ashland, VA			5,290			391			7,901			—			391			7,901			8,292			593		2007		2020
Industrial		Lowell, AR			11,611			1,687			15,188			—			1,687			15,188			16,875			1,197		2017		2020
Industrial		Monroe, NC			4,310			897			5,106			—			897			5,106			6,003			217		2000		2021
Industrial		Lehigh Acres, FL			5,896			1,934			7,393			—			1,934			7,393			9,327			246		2002		2021
Industrial		Omaha, NE			—			1,001			6,547			—			1,001			6,547			7,548			190		1988		2021
Industrial		Fort Myers, FL			4,751			991			6,876			—			991			6,876			7,867			175		2020		2022
Industrial		Dalton, GA			9,905			547			15,836			—			547			15,836			16,383			249		1996		2022
Industrial		Hillside, IL			—			2,560			2,975			—			2,560			2,975			5,535			51		2002		2022
Industrial		Lexington, KY			5,415			1,558			6,881			—			1,558			6,881			8,439			97		2001		2022
Industrial		Northwood, OH			6,005			181			8,306			—			181			8,306			8,487			27		1999		2022
Industrial		Northwood, OH			—			171			7,383			—			171			7,383			7,554			24		2001		2022
Industrial		Joppa, MD			8,176			3,815			8,142			1,406			3,815			9,548			13,363			2,320		1994		2014
Office		Brooklyn, NY			—			1,381			5,447			3,013			1,381			8,460			9,841			4,797		1973		1998
Other		Newark, DE			1,263			935			3,643			278			935			3,921			4,856			1,858		1996		2003
Other		Beachwood, OH			—			13,901			—			2,613			16,514			—			16,514			—		N/A		2016
Restaurant		Hauppauge, NY			—			725			2,963			—			725			2,963			3,688			1,268		1992		2005
Restaurant		Carrollton, GA			—			796			1,458			—			796			1,458			2,254			466		1996		2012
Restaurant		Cartersville, GA			—			786			1,346			—			786			1,346			2,132			457		1995		2012
Restaurant		Kennesaw, GA			—			702			916			—			702			916			1,618			271		1989		2012
Restaurant		Lawrenceville, GA			—			866			899			—			866			899			1,765			305		1988		2012
Restaurant		Concord, NC			1,294			999			1,076			—			999			1,076			2,075			305		2000		2013
Restaurant		Myrtle Beach, SC			1,294			1,102			1,161			—			1,102			1,161			2,263			324		1978		2013
Restaurant		Greensboro, NC			—			1,770			1,237			—			1,770			1,237			3,007			417		1983		2013
Restaurant		Richmond, VA			—			1,680			1,341			—			1,680			1,341			3,021			294		1983		2013
Restaurant		Indianapolis, IN			—			853			1,465			—			853			1,465			2,318			382		1982		2014
Retail		Seattle, WA			—			201			189			35			201			224			425			175		1986		1987
Retail		Rosenberg, TX			—			216			863			66			216			929			1,145			630		1994		1995
Retail		Ft. Myers, FL			—			1,013			4,054			13			1,013			4,067			5,080			2,648		1995		1996
Retail		Selden, NY			2,389			572			2,287			150			572			2,437			3,009			1,436		1997		1999
Retail		Batavia, NY			—			515			2,061			—			515			2,061			2,576			1,230		1998		1999
Retail		Champaign, IL			—			791			3,165			530			791			3,695			4,486			2,075		1985		1999
Retail		El Paso, TX			9,511			2,821			11,123			2,587			2,821			13,710			16,531			8,160		1974		2000
Retail		Somerville, MA			—			510			1,993			24			510			2,017			2,527			1,001		1993		2003
Retail		Hyannis, MA			—			802			2,324			—			802			2,324			3,126			869		1998		2008
Retail		Marston Mills, MA			—			461			2,313			—			461			2,313			2,774			860		1998		2008
Retail		Everett, MA			—			1,935			—			—			1,935			—			1,935			—		N/A		2008
Retail		Kennesaw, GA			4,635			1,501			4,349			1,138			1,501			5,487			6,988			2,194		1995		2008
Retail		Royersford, PA			18,529			19,538			3,150			524			19,538			3,674			23,212			1,228		2001		2010
Retail		Monroeville, PA			—			450			863			—			450			863			1,313			272		1994		2010
Retail		Bolingbrook, IL			—			834			1,887			101			834			1,988			2,822			665		2001		2011
Retail		Crystal Lake, IL			—			615			1,899			492			615			2,391			3,006			651		1997		2011
Retail		Lawrence, KS			—			134			938			207			134			1,145			1,279			291		1915		2012
Retail		Greensboro, NC			—			1,046			1,552			29			1,046			1,581			2,627			408		2002		2014
Retail		Highlands Ranch, CO			—			2,361			2,924			296			2,361			3,220			5,581			828		1995		2014
Retail		Woodbury, MN			2,508			1,190			4,003			—			1,190			4,003			5,193			984		2006		2014
Retail		Cuyahoga Falls, OH			945			71			1,371			—			71			1,371			1,442			235		2004		2016
Retail		Hilliard, OH			838			300			1,077			—			300			1,077			1,377			189		2007		2016
Retail		Port Clinton, OH			810			52			1,187			—			52			1,187			1,239			209		2005		2016
Retail		South Euclid, OH			918			230			1,566			53			230			1,619			1,849			293		1975		2016


													Cost
													Capitalized			Gross Amount at Which Carried
							Initial Cost to Company						Subsequent to			at December 31, 2022
										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		$	2,264		1962		2016
Retail		Deptford, NJ			2,364			572			1,779			705			572			2,484			3,056			1,051		1981		2012
Retail		Cape Girardeau, MO			925			545			1,547			—			545			1,547			2,092			447		1994		2012
Retail		Littleton, CO			9,550			6,005			11,272			1,173			6,005			12,445			18,450			2,904		1985		2015
Retail-Furniture		Duluth, GA			—			778			3,436			30			778			3,466			4,244			1,439		1987		2006
Retail-Furniture		Wichita, KS			—			1,189			5,248			169			1,189			5,417			6,606			2,192		1996		2006
Retail-Furniture		Lexington, KY			—			800			3,532			169			800			3,701			4,501			1,480		1999		2006
Retail-Furniture		Bluffton, SC			—			589			2,600			155			589			2,755			3,344			1,086		1994		2006
Retail-Furniture		Amarillo, TX			—			860			3,810			123			860			3,933			4,793			1,591		1996		2006
Retail-Furniture		Austin, TX			—			1,587			7,010			193			1,587			7,203			8,790			2,942		2001		2006
Retail-Furniture		Tyler, TX			—			1,031			4,554			181			1,031			4,735			5,766			1,906		2001		2006
Retail-Furniture		Newport News, VA			—			751			3,316			85			751			3,401			4,152			1,385		1995		2006
Retail-Furniture		Richmond, VA			—			867			3,829			201			867			4,030			4,897			1,600		1979		2006
Retail-Furniture		Virginia Beach, VA			—			854			3,770			224			854			3,994			4,848			1,575		1995		2006
Retail-Furniture		Gurnee, IL			—			834			3,635			—			834			3,635			4,469			1,480		1994		2006
Retail-Furniture		Naples, FL			1,753			3,070			2,846			195			3,070			3,041			6,111			1,120		1992		2008
Retail-Office Supply		Lake Charles, LA (2)(3)			—			1,167			3,887			2,905			1,167			6,792			7,959			2,733		1998		2002
Retail-Office Supply		Chicago, IL (3)			3,199			3,877			2,256			—			3,877			2,256			6,133			806		1994		2008
Retail-Office Supply		Cary, NC (3)			2,699			1,129			3,736			—			1,129			3,736			4,865			1,335		1995		2008
Retail-Office Supply		Eugene, OR (3)			2,403			1,952			2,096			—			1,952			2,096			4,048			749		1994		2008
Retail-Office Supply		El Paso, TX (3)			2,099			1,035			2,700			—			1,035			2,700			3,735			965		1993		2008
Theater		Greensboro, NC			—			—			8,328			3,000			—			11,328			11,328			8,864		1999		2004
Theater		Indianapolis, IN			3,775			3,099			5,225			19			3,099			5,244			8,343			1,153		1997		2014
				$	409,175		$	179,192		$	651,112		$	49,292		$	181,805		$	697,791		$	879,596		$	173,143

Note 1—Depreciation is provided over the estimated useful lives of the buildings and improvements, which range from 2 to 40 years.

Note 2— 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 3— 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,
		2022			2021			2020
Investment in real estate:
Balance, beginning of year		$	837,641		$	839,058		$	835,837
Addition: Land, buildings and improvements			59,654			28,837			26,444
Deduction: Properties sold			(17,699)			(28,064)			(22,441)
Deduction: Property held-for-sale			—			(2,190)			—
Deduction: Impairment due to casualty loss			—			—			(782)
Balance, end of year		$	879,596		$	837,641		$	839,058
			(b)
Accumulated depreciation:
Balance, beginning of year		$	160,664		$	147,136		$	135,302
Addition: Depreciation			18,471			17,694			17,941
Deduction: Accumulated depreciation related to properties sold			(5,992)			(3,246)			(5,755)
Deduction: Accumulated depreciation related to property held-for-sale			—			(920)			—
Deduction: Impairment due to casualty loss			—			—			(352)
Balance, end of year		$	173,143		$	160,664		$	147,136

(b)	At December 31, 2022, the aggregate cost for federal income tax purposes is approximately $22,018 greater than the Company’s recorded values.