Exhibit 5.1

Morse, Zelnick, Rose & Lander

A LIMITED LIABILITY PARTNERSHIP

 

825 THIRD AVENUE

NEW YORK, NEW YORK 10022

212-838-1177

FAX – 212-838-9190

 

July 16, 2018

 

Sachem Capital Corp.

23 Laurel Street

Branford, Connecticut 06405

 

Re: Registration Statement on Form S-8

 

Dear Sirs:

 

We have acted as counsel to Sachem Capital Corp., a New York corporation (the “Company”), in connection with the preparation of a registration statement on Form S-8 (the “Registration Statement”) to be filed with the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “Act”), for the purpose of registering under the Act an aggregate of 1,500,000 shares (the “Shares”) of the Company’s common shares, par value $.001 per share (the “Common Shares”) issuable under the Sachem Capital Corp. 2016 Equity Compensation Plan (the “Plan”).

 

We have examined the Registration Statement, the Plan, the originals, or duplicates or certified or conformed copies, of such corporate records, agreements, documents and other instruments and have made such other investigations as we have deemed relevant and necessary in connection with the opinions hereinafter set forth.

 

In rendering the opinion set forth below, we have assumed the genuineness of all signatures, the legal capacity of natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as duplicates or certified or conformed copies and the authenticity of the originals of such latter documents.

 

Based upon the foregoing, we are of the opinion that the Common Shares issuable under the Plan and upon exercise of options to be granted pursuant to the Plan have been duly and validly authorized for issuance and when issued and delivered as contemplated by the Plan will be legally issued, fully paid and non-assessable.

 

We hereby consent to the use of this opinion as Exhibit 5.1 to the Registration Statement. In giving this opinion, we do not hereby admit that we are acting within the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the SEC thereunder.

 

Very truly yours,

 

/s/ Morse, Zelnick, Rose & Lander, LLP

Morse, Zelnick, Rose & Lander, LLP