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Subsequent Event	9 Months Ended
	Sep. 30, 2011
Subsequent Event
Subsequent Event	Note 18 - Subsequent Event On October 27, 2011, a newly formed joint venture which will be consolidated, in which One Liberty holds a 90% interest, acquired a retail property located in Cherry Hill, New Jersey. The property consists of 115,500 square feet and is situated on approximately 12.4 acres.  At closing, the venture entered into a new lease with a retail tenant for approximately 70,500 square feet.  It is contemplated that the venture will redevelop the entire property (including the leased portion) and lease the balance of the space over time. The all cash purchase price was $5,800,000. One Liberty, who is the manager of the venture, contributed 90% of the equity for the transaction.

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The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.

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