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Schedule III - Consolidated Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2023

Schedule III - Consolidated Real Estate and Accumulated Depreciation

Schedule III - Consolidated Real Estate and Accumulated Depreciation


													Cost
													Capitalized			Gross Amount at Which Carried
							Initial Cost to Company						Subsequent to			at December 31, 2023
										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		$	3,461		1988		2002
Health & Fitness		Hamilton, OH			3,969			1,483			5,953			10			1,483			5,963			7,446			2,128		2008		2011
Health & Fitness		Secaucus, NJ			7,058			5,449			9,873			—			5,449			9,873			15,322			2,744		1986		2012
Industrial		West Palm Beach, FL			—			181			724			235			181			959			1,140			551		1973		1998
Industrial		New Hyde Park, NY			2,103			182			728			281			182			1,009			1,191			574		1960		1999
Industrial		Ronkonkoma, NY			5,004			1,042			4,171			2,943			1,042			7,114			8,156			3,625		1986		2000
Industrial		Hauppauge, NY			21,984			1,951			10,954			9,600			1,951			20,554			22,505			9,279		1982		2000
Industrial		Melville, NY			2,195			774			3,029			1,170			774			4,199			4,973			2,037		1982		2003
Industrial		Saco, ME			4,865			1,027			3,623			2,050			1,027			5,673			6,700			1,914		2001		2006
Industrial		Baltimore, MD			16,995			6,474			25,282			—			6,474			25,282			31,756			10,772		1960		2006
Industrial		Durham, NC			4,250			1,043			2,404			44			1,043			2,448			3,491			877		1991		2011
Industrial		Pinellas Park, FL			1,957			1,231			1,669			614			1,231			2,283			3,514			555		1995		2012
Industrial		Miamisburg, OH			—			165			1,348			90			165			1,438			1,603			489		1987		2012
Industrial		Fort Mill, SC			18,548			1,840			12,687			557			1,840			13,244			15,084			3,593		1992		2013
Industrial		Indianapolis, IN			8,741			1,224			6,935			—			1,224			6,935			8,159			2,155		1997		2013
Industrial		Fort Mill, SC			20,197			1,804			33,650			—			1,804			33,650			35,454			10,154		1997		2013
Industrial		New Hope, MN			3,658			881			6,064			234			881			6,298			7,179			1,480		1967		2014
Industrial		Louisville, KY			—			578			3,727			570			578			4,297			4,875			877		1974		2015
Industrial		Louisville, KY			—			51			230			—			51			230			281			53		1974		2015
Industrial		McCalla, AL			12,665			1,588			14,682			—			1,588			14,682			16,270			3,167		2003		2015
Industrial		St. Louis, MO			9,580			3,728			13,006			779			3,728			13,785			17,513			3,140		1969		2015
Industrial		Greenville, SC			4,206			693			6,893			1,101			693			7,994			8,687			1,558		1997		2016
Industrial		Greenville, SC			4,674			528			8,074			938			528			9,012			9,540			1,732		2000		2016
Industrial		El Paso, TX			23,000			3,691			17,904			2,429			3,691			20,333			24,024			3,871		1997		2016
Industrial		Lebanon, TN			19,504			2,094			30,039			214			2,094			30,253			32,347			5,676		1996		2016
Industrial		Huntersville, NC			4,251			1,046			6,674			—			1,046			6,674			7,720			1,167		2014		2017
Industrial		Pittston, PA			14,350			999			9,922			1,609			999			11,531			12,530			1,891		1990		2017
Industrial		Ankeny, IA			7,251			1,351			11,607			—			1,351			11,607			12,958			1,949		2016		2017
Industrial		Memphis, TN			4,457			140			7,952			—			140			7,952			8,092			1,286		1979		2017
Industrial		Pennsburg, PA			7,182			1,776			11,126			—			1,776			11,126			12,902			1,786		1986		2018
Industrial		Plymouth, MN			2,904			1,121			4,429			—			1,121			4,429			5,550			642		1978		2018
Industrial		Englewood, CO			7,412			1,562			11,300			—			1,562			11,300			12,862			1,531		2013		2018
Industrial		Moorestown, NJ			3,507			1,822			5,056			—			1,822			5,056			6,878			681		1990		2018
Industrial		Moorestown, NJ			7,844			1,443			10,898			52			1,443			10,950			12,393			1,497		1972		2018
Industrial		Bakersfield, CA			—			1,988			9,998			—			1,988			9,998			11,986			1,323		1980		2018
Industrial		Green Park, MO			5,666			1,421			7,835			—			1,421			7,835			9,256			1,016		2008		2018
Industrial		Greenville, SC			4,800			186			6,419			210			186			6,629			6,815			889		2008		2018
Industrial		Nashville, TN			4,611			1,058			6,350			255			1,058			6,605			7,663			767		1974		2019
Industrial		Wauconda, IL			—			67			3,423			41			67			3,464			3,531			439		1998		2019
Industrial		Bensalem, PA			3,649			1,602			4,323			150			1,602			4,473			6,075			516		1975		2019
Industrial		Chandler, AZ			4,648			1,335			7,379			102			1,335			7,481			8,816			897		2004		2019
Industrial		LaGrange, GA			2,862			297			4,500			—			297			4,500			4,797			521		2013		2019
Industrial		Shakopee, MN			4,469			1,877			5,462			10			1,877			5,472			7,349			624		1998		2019


													Cost
													Capitalized			Gross Amount at Which Carried
							Initial Cost to Company						Subsequent to			at December 31, 2023
										Building and			Acquisition						Building &						Accumulated			Date of		Date
Type		Location		Encumbrances			Land			Improvements			Improvements			Land			Improvements			Total			Depreciation (1)			Construction		Acquired
Industrial		Rincon, GA		$	3,675		$	61		$	5,968		$	—		$	61		$	5,968		$	6,029		$	638		1998		2019
Industrial		Chandler, AZ			—			1,164			1,691			4			1,164			1,695			2,859			192		2007		2019
Industrial		Ashland, VA			5,131			391			7,901			—			391			7,901			8,292			799		2007		2020
Industrial		Lowell, AR			11,265			1,687			15,188			—			1,687			15,188			16,875			1,613		2017		2020
Industrial		Monroe, NC			4,185			897			5,106			—			897			5,106			6,003			351		2000		2021
Industrial		Lehigh Acres, FL			5,727			1,934			7,393			—			1,934			7,393			9,327			437		2002		2021
Industrial		Omaha, NE			—			1,001			6,547			6			1,001			6,553			7,554			360		1988		2021
Industrial		Fort Myers, FL			4,617			991			6,876			—			991			6,876			7,867			358		2020		2022
Industrial		Dalton, GA			9,710			547			15,836			—			547			15,836			16,383			646		1996		2022
Industrial		Hillside, IL			—			2,560			2,975			—			2,560			2,975			5,535			131		2002		2022
Industrial		Lexington, KY			5,279			1,558			6,881			—			1,558			6,881			8,439			276		2001		2022
Industrial		Northwood, OH			5,823			181			8,306			—			181			8,306			8,487			242		1999		2022
Industrial		Northwood, OH			—			171			7,383			—			171			7,383			7,554			218		2001		2022
Industrial		Blythewood, SC			4,236			311			12,304			—			311			12,304			12,615			147		2004		2023
Industrial		Joppa, MD			7,859			3,815			8,142			1,406			3,815			9,548			13,363			2,618		1994		2014
Office		Brooklyn, NY			—			1,381			5,447			3,161			1,381			8,608			9,989			5,039		1973		1998
Other		Newark, DE			1,157			935			3,643			278			935			3,921			4,856			1,978		1996		2003
Other		Beachwood, OH			—			13,901			—			3,375			17,276			—			17,276			—		N/A		2016
Restaurant		Kennesaw, GA			—			702			916			—			702			916			1,618			293		1989		2012
Restaurant		Concord, NC			1,240			999			1,076			—			999			1,076			2,075			338		2000		2013
Restaurant		Myrtle Beach, SC			1,240			1,102			1,161			—			1,102			1,161			2,263			352		1978		2013
Retail		Seattle, WA			—			201			189			35			201			224			425			182		1986		1987
Retail		Rosenberg, TX			—			216			863			66			216			929			1,145			656		1994		1995
Retail		Selden, NY			2,314			572			2,287			150			572			2,437			3,009			1,497		1997		1999
Retail		Batavia, NY			—			515			2,061			—			515			2,061			2,576			1,282		1998		1999
Retail		Champaign, IL			—			791			3,165			530			791			3,695			4,486			2,184		1985		1999
Retail		El Paso, TX			9,157			2,821			11,123			2,813			2,821			13,936			16,757			8,694		1974		2000
Retail		Somerville, MA			—			510			1,993			24			510			2,017			2,527			1,051		1993		2003
Retail		Hyannis, MA			—			802			2,324			—			802			2,324			3,126			927		1998		2008
Retail		Marston Mills, MA			—			461			2,313			—			461			2,313			2,774			918		1998		2008
Retail		Everett, MA			—			1,935			—			—			1,935			—			1,935			—		N/A		2008
Retail		Kennesaw, GA			4,467			1,501			4,349			1,138			1,501			5,487			6,988			2,403		1995		2008
Retail		Royersford, PA			18,165			19,538			3,150			524			19,538			3,674			23,212			1,337		2001		2010
Retail		Monroeville, PA			—			450			863			57			450			920			1,370			297		1994		2010
Retail		Bolingbrook, IL			—			834			1,887			101			834			1,988			2,822			713		2001		2011
Retail		Crystal Lake, IL			—			615			1,899			535			615			2,434			3,049			759		1997		2011
Retail		Lawrence, KS			—			134			938			207			134			1,145			1,279			327		1915		2012
Retail		Greensboro, NC			—			1,046			1,552			29			1,046			1,581			2,627			450		2002		2014
Retail		Highlands Ranch, CO			—			2,361			2,924			296			2,361			3,220			5,581			935		1995		2014
Retail		Woodbury, MN			2,405			1,190			4,003			—			1,190			4,003			5,193			1,098		2006		2014
Retail		Cuyahoga Falls, OH			908			71			1,371			—			71			1,371			1,442			271		2004		2016
Retail		Hilliard, OH			805			300			1,077			—			300			1,077			1,377			218		2007		2016
Retail		Port Clinton, OH			779			52			1,187			—			52			1,187			1,239			241		2005		2016
Retail		South Euclid, OH			882			230			1,566			53			230			1,619			1,849			343		1975		2016
Retail		St Louis Park, MN			—			3,388			13,088			152			3,388			13,240			16,628			2,621		1962		2016
Retail		Deptford, NJ			2,277			572			1,779			705			572			2,484			3,056			1,139		1981		2012
Retail		Cape Girardeau, MO			862			545			1,547			—			545			1,547			2,092			484		1994		2012
Retail		Littleton, CO			8,048			6,005			11,272			1,037			5,557			12,757			18,314			3,278		1985		2015


													Cost
													Capitalized			Gross Amount at Which Carried
							Initial Cost to Company						Subsequent to			at December 31, 2023
										Building and			Acquisition						Building &						Accumulated			Date of		Date
Type		Location		Encumbrances			Land			Improvements			Improvements			Land			Improvements			Total			Depreciation (1)			Construction		Acquired
Retail-Furniture		Wichita, KS			—			1,189			5,248			126			1,189			5,374			6,563			2,325		1996		2006
Retail-Furniture		Lexington, KY			—			800			3,532			266			800			3,798			4,598			1,587		1999		2006
Retail-Furniture		Bluffton, SC			—			589			2,600			170			589			2,770			3,359			1,158		1994		2006
Retail-Furniture		Amarillo, TX			—			860			3,810			2			860			3,812			4,672			1,687		1996		2006
Retail-Furniture		Austin, TX			—			1,587			7,010			192			1,587			7,202			8,789			3,138		2001		2006
Retail-Furniture		Tyler, TX			—			1,031			4,554			168			1,031			4,722			5,753			2,029		2001		2006
Retail-Furniture		Newport News, VA			—			751			3,316			229			751			3,545			4,296			1,471		1995		2006
Retail-Furniture		Richmond, VA			—			867			3,829			164			867			3,993			4,860			1,698		1979		2006
Retail-Furniture		Gurnee, IL			—			834			3,635			—			834			3,635			4,469			1,571		1994		2006
Retail-Furniture		Naples, FL			1,684			3,070			2,846			195			3,070			3,041			6,111			1,204		1992		2008
Retail-Office Supply		Lake Charles, LA (2)			—			1,167			3,887			2,905			1,167			6,792			7,959			3,063		1998		2002
Retail-Office Supply		Chicago, IL (2)			3,076			3,877			2,256			—			3,877			2,256			6,133			862		1994		2008
Retail-Office Supply		Cary, NC (2)			2,595			1,129			3,736			—			1,129			3,736			4,865			1,428		1995		2008
Retail-Office Supply		Eugene, OR (2)			2,312			1,952			2,096			—			1,952			2,096			4,048			801		1994		2008
Retail-Office Supply		El Paso, TX (2)			2,021			1,035			2,700			—			1,035			2,700			3,735			1,032		1993		2008
Theater		Greensboro, NC			—			—			8,328			3,000			—			11,328			11,328			9,142		1999		2004
Theater		Indianapolis, IN			3,648			3,099			5,225			19			3,099			5,244			8,343			1,294		1997		2014
				$	422,565		$	169,382		$	641,447		$	53,826		$	172,309		$	692,346		$	864,655		$	182,705

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

Note 2—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,
		2023			2022			2021
Investment in real estate:
Balance, beginning of year		$	879,596		$	837,641		$	839,058
Addition: Land, buildings and improvements			18,176			59,654			28,837
Deduction: Properties sold			(33,117)			(17,699)			(28,064)
Deduction: Property held-for-sale			—			—			(2,190)
Balance, end of year		$	864,655		$	879,596		$	837,641
			(b)
Accumulated depreciation:
Balance, beginning of year		$	173,143		$	160,664		$	147,136
Addition: Depreciation			19,242			18,471			17,694
Deduction: Accumulated depreciation related to properties sold			(9,680)			(5,992)			(3,246)
Deduction: Accumulated depreciation related to property held-for-sale			—			—			(920)
Balance, end of year		$	182,705		$	173,143		$	160,664

(b)	At December 31, 2023, the aggregate cost for federal income tax purposes is approximately $20,749 greater than the Company’s recorded values.