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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Rental income, net $ 45,240 $ 40,984 $ 37,566
Lease termination fee     1,784
Total revenues 45,240 40,984 39,350
Operating expenses:      
Depreciation and amortization 9,599 8,657 8,261
General and administrative (including $2,685, $2,083 and $1,932, respectively, to related party) 7,017 6,341 5,931
Real estate acquisition costs 213 1,010 59
Real estate expenses (including $600, $600 and $550, respectively, to related party) 2,604 2,143 1,216
Leasehold rent 308 308 308
Total operating expenses 19,741 18,459 15,775
Operating income 25,499 22,525 23,575
Other income and expenses:      
Equity in earnings of unconsolidated joint ventures 350 446 559
Gain on disposition of real estate - unconsolidated joint venture   107  
Gain on settlement of debt 1,240    
Other (loss) income (35) 308 358
Interest:      
Expense (13,675) (14,574) (13,385)
Amortization of deferred financing costs (868) (626) (724)
Income from settlement with former president     951
Income from continuing operations 12,511 8,186 11,334
Discontinued operations:      
Income from operations 277 885 1,882
Impairment charge     (229)
Gain on troubled mortgage restructuring, as a result of conveyance to mortgagee     897
Net gain on sales 932 235 5,757
Income from discontinued operations 1,209 1,120 8,307
Net income 13,720 9,306 19,641
Plus net loss attributable to non-controlling interest 4    
Net income attributable to One Liberty Properties, Inc. $ 13,724 $ 9,306 $ 19,641
Weighted average number of common shares outstanding:      
Basic (in shares) 13,801 11,465 10,651
Diluted (in shares) 13,851 11,510 10,812
Net income per common share - basic:      
Income from continuing operations (in dollars per share) $ 0.87 $ 0.71 $ 1.06
Income from discontinued operations (in dollars per share) $ 0.09 $ 0.10 $ 0.78
Net income per common share - basic (in dollars per share) $ 0.96 $ 0.81 $ 1.84
Net income per common share - diluted:      
Income from continuing operations (in dollars per share) $ 0.87 $ 0.71 $ 1.05
Income from discontinued operations (in dollars per share) $ 0.09 $ 0.10 $ 0.77
Net income per common share - diluted (in dollars per share) $ 0.96 $ 0.81 $ 1.82