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Schedule III - Consolidated Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2024

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III- Consolidated Real Estate and Accumulated Depreciation

GTJ REIT, Inc

Schedule III- Consolidated Real Estate and Accumulated Depreciation (in thousands)


		Initial Cost to Company				Cost Capitalized Subsequent to Acquisition			Gross Amount at Which Carried at December 31, 2024
Property	Encumbrances	Land		Buildings & Improvements		Improvements			Land		Buildings & Improvements		Total		Accumulated Depreciation		Date of Construction		Date Acquired
New York
Industrial:
103 Fairview Park Drive, Elmsford, NY	D		3,416		9,972		754			3,416		10,727		14,143		3,440		1988	1/17/2013
412 Fairview Park Drive, Elmsford, NY	A		3,237		572		—			3,237		572		3,809		171	n/a		1/17/2013
401 Fieldcrest Drive, Elmsford, NY	A		3,008		7,097		—			3,008		7,097		10,105		2,190	n/a		1/17/2013
404 Fieldcrest Drive, Elmsford, NY	D		2,275		7,822		387			2,275		8,209		10,484		2,664		1996	1/17/2013
36 Midland Ave, Port Chester, NY	A		2,428		6,409		634			2,428		7,043		9,471		2,307		1979	1/17/2013
100-110 Midland Ave, Port Chester, NY	A		5,390		16,463		3,587			5,390		20,050		25,440		5,627		1979	1/17/2013
199 Ridgewood Drive, Elmsford, NY	A		827		1,916		431			827		2,347		3,174		687		1992	1/17/2013
203 Ridgewood Drive, Elmsford, NY	A		948		2,265		—			948		2,265		3,213		719		1986	1/17/2013
8 Slater Street, Port Chester, NY	A		1,997		4,640		1,513			1,997		6,153		8,150		1,808		1984	1/17/2013
612 Wortman Ave, Brooklyn, NY	G		8,907		117		4,284			8,907		4,401		13,308		4,162		1965	3/26/2007
165-25 147th Ave, Jamaica, NY	A		360		3,821		856			360		4,677		5,037		4,677		1952	3/26/2007
114-15 Guy Brewer Blvd, Jamaica, NY	A		23,100		6		2,067			23,100		2,073		25,173		2,073		1965	3/26/2007
49-19 Rockaway Beach Blvd, Far Rockaway, NY	A		74		783		31			74		814		888		814		1931	3/26/2007
85-01 24th Ave, East Elmhurst, NY	A		38,210		937		2,343			38,210		3,280		41,490		3,275		1954	3/26/2007
23-85 87th Street, East Elmhurst, NY	G		14,506		323		1,168			14,637		1,360		15,997		1,228		1966	3/26/2007
28-20 Borden Ave, Long Island City, NY			26,678		98		567			26,678		665		27,343		200		1992	7/2/2014
606 Cozine Ave, Brooklyn, NY	C		3,304		6,469		—			3,304		6,469		9,773		3,737		1969	5/10/2016
201 Neelytown Road, Montgomery, NY	C		4,751		27,906		—			4,751		27,906		32,657		6,350		2017	8/31/2017
Retail:
112 Midland Ave, Port Chester, NY	A		786		422		—			786		422		1,208		155		1980	3/26/2007
Total NY:			144,202		98,038		18,622			144,333		116,530		260,863		46,284
New Jersey
Industrial:
100 American Road, Morris Plains, NJ	A		2,275		12,538		1,674			2,275		14,212		16,487		4,375		1986	1/17/2013
200 American Road, Morris Plains, NJ	A		725		5,361		224			725		5,585		6,310		1,732		2004	1/17/2013
300 American Road, Morris Plains, NJ	D		1,466		6,628		670			1,466		7,298		8,764		2,301		1987	1/17/2013
400 American Road, Morris Plains, NJ	A		1,724		9,808		1,038			1,724		10,846		12,570		3,494		1990	1/17/2013
500 American Road, Morris Plains, NJ	D		1,711		8,111		440			1,711		8,551		10,262		2,756		1988	1/17/2013
20 East Halsey Road, Parsippany, NJ	E		1,898		1,402		5,830			1,898		7,232		9,130		2,323		1970	4/23/2014
1110 Centennial Ave, Piscataway, NJ	B		790		1,937		289			790		2,226		3,016		790		1979	3/13/2015
11 Constitution Ave, Piscataway, NJ	B		1,780		8,999		599			1,780		9,598		11,378		2,522		1989	3/13/2015
21 Constitution Ave, Piscataway, NJ	B		6,187		18,855		150			6,187		19,005		25,192		5,385		2004	3/13/2015
4 Corporate Place, Piscataway, NJ	B		2,145		1,744		230			2,145		1,974		4,119		708		1974	3/13/2015
8 Corporate Place, Piscataway, NJ	B		2,666		4,381		55			2,666		4,436		7,102		1,509		1977	3/13/2015
1938 Olney Avenue, Cherry Hill, NJ	C		1,176		5,357		—			1,176		5,357		6,533		2,022		1966	7/27/2017
Office/Data Center:
25 Corporate Place, Piscataway, NJ	B		2,269		8,343		—			2,269		8,343		10,612		2,520		1985	3/13/2015
Total NJ:			26,812		93,464		11,199			26,812		104,663		131,475		32,437
Connecticut
Industrial:
466 Bridgeport Ave, Shelton, CT	E		833		867		3,266			833		4,133		4,966		2,045		1982	1/17/2013
470 Bridgeport Ave, Shelton, CT	A		2,660		4,807		1,102			4,156		5,909		10,065		2,442		1973	1/17/2013
15 Progress Drive, Shelton, CT			984		3,411		827			984		4,238		5,222		1,260		1980	1/17/2013
33 Platt Road, Shelton, CT	A		3,196		5,402		—			3,196		5,402		8,598		3,297		1972	10/15/2014
950-974 Bridgeport Ave, Milford, CT	F		1,551		3,524		48			1,551		3,572		5,123		1,139		1946	1/17/2013
12 Cascade Blvd, Orange, CT	A		1,688		3,742		159			1,688		3,901		5,589		1,167		1987	1/17/2013
15 Executive Blvd., Orange, CT	A		1,974		5,357		1,182			1,974		6,539		8,513		2,562		1983	1/17/2013
25 Executive Blvd., Orange, CT	A		438		1,481		59			438		1,540		1,978		470		1983	1/17/2013
22 Marsh Hill Rd, Orange, CT	A		1,462		2,915		731			1,462		3,646		5,108		1,345		1989	1/17/2013
269 Lambert Rd, Orange, CT	A		1,666		3,516		230			1,666		3,746		5,412		1,439		1986	1/17/2013
110 Old County Circle, Windsor Locks, CT	F		1,572		11,797		1,247			1,572		13,044		14,616		4,548		2003	4/8/2014
120 Old County Circle, Windsor Locks, CT	F		200		—		5,941			200		5,941		6,141		1,275		2018	4/8/2014
4 Meadow Street, Norwalk, CT	A		856		3,034		541			856		3,575		4,431		1,400		1992	8/22/2014
777 Brook Street, Rocky Hill, CT	A		2,456		8,658		952			2,456		9,610		12,066		3,075		1969	1/14/2015
35 Executive Blvd., Orange, CT (1)	A		1,080		8,909		(3,879	)		1,080		5,030		6,110		716		2020	1/17/2013
Total CT:			22,616		67,420		12,406			24,112		79,826		103,938		28,180
Delaware
Industrial:
300 McIntire Drive, Newark, DE	C		2,488		13,033		403			2,488		13,436		15,924		6,262		1999	6/1/2016
Total DE:			2,488		13,033		403			2,488		13,436		15,924		6,262
North Carolina
Industrial:
1000 Exchange Street, Charlotte, NC	G		25,563		—		—			25,563		—		25,563		1,363	n/a		1/18/2023
Total NC:			25,563		—		—			25,563		—		25,563		1,363
Florida
Industrial:
9111 Cheetos Circle, Fort Myers, FL			7,149		25,912		—			7,149		25,912		33,061		—	2024		12/23/2024
Total FL:			7,149		25,912		—			7,149		25,912		33,061		—
Grand Total:			228,830		297,867		42,630			230,457		340,367		570,824		114,526

(1)

Due to the demolition of the property located at 35 Executive Boulevard, Orange, Connecticut, a $7.5 million write down was recorded during 2018. This property was formerly classified as Office but subsequently changed to Industrial due to the construction of a new Industrial building.


	2024		2023
Balance at beginning of year	$	535,583	$	508,170
Property acquisitions		33,061		25,563
Improvements		2,180		1,850
Balance at end of year	$	570,824	$	535,583


	2024		2023
Balance at beginning of year	$	104,163	$	93,785
Depreciation and amortization for year		10,363		10,378
Balance at end of year	$	114,526	$	104,163


Lender	Principal Outstanding
A—American International Group 2022	$	225,000
B—Allstate Corporation		33,945
C—United States Life Insurance Company		39,000
D—United States Life Insurance Company		32,059
E—Transamerica Life Insurance Company		7,809
F—Transamerica Life Insurance Company		25,000
G—American General Life Insurance Company		124,009
Total	$	486,822