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Opinion Letter

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Title:

Opinion Letter

Entities:

One Liberty Properties, Inc.; McCarter & English, LLP

Date:

2002

Size:

Preview shows KB of 3KB total

Price:

$36

ID:

#262502

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                      [McCARTER & ENGLISH, LLP LETTERHEAD]





                                                                     May 6, 2002





One Liberty Properties, Inc.

60 Cutter Mill Road

Great Neck, NY  11021



Ladies and Gentlemen:



         In connection with the registration of 2,875,000 shares (the "Shares")

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