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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Rental income, net $ 11,707 $ 10,964 $ 23,072 $ 21,790
Operating expenses:        
Depreciation and amortization 2,507 2,254 4,948 4,510
General and administrative (including $572, $697, $1,144 and $1,144, respectively, to related party) 1,796 1,903 3,686 3,502
Real estate acquisition costs 123 18 166 45
Real estate expenses (including $150, $150, $300 and $300, respectively, to related party) 679 615 1,306 1,159
Leasehold rent 77 77 154 154
Total operating expenses 5,182 4,867 10,260 9,370
Operating income 6,525 6,097 12,812 12,420
Other income and expenses:        
Equity in earnings of unconsolidated joint ventures 384 105 453 135
Gain on settlement of debt   1,240   1,240
Other income 209 40 224 53
Interest:        
Expense (3,430) (3,224) (6,738) (6,755)
Amortization of deferred financing costs (192) (174) (381) (479)
Gain on sale of real estate     319  
Income from continuing operations 3,496 4,084 6,689 6,614
Discontinued operations:        
Income from operations 53 126 85 328
Net gain on sale 2,205 932 2,205 932
Income from discontinued operations 2,258 1,058 2,290 1,260
Net income 5,754 5,142 8,979 7,874
Less net income attributable to non-controlling interests (4)   (7)  
Net income attributable to One Liberty Properties, Inc. $ 5,750 $ 5,142 $ 8,972 $ 7,874
Weighted average number of common shares outstanding:        
Basic (in shares) 14,378 14,078 14,333 13,419
Diluted (in shares) 14,478 14,178 14,433 13,469
Per common share attributable to common stockholders - basic:        
Income from continuing operations (in dollars per share) $ 0.24 $ 0.29 $ 0.45 $ 0.48
Income from discontinued operations (in dollars per share) $ 0.15 $ 0.07 $ 0.16 $ 0.09
Total per common share attributable to common stockholders - basic (in dollars per share) $ 0.39 $ 0.36 $ 0.61 $ 0.57
Per common share attributable to common stockholders - diluted:        
Income from continuing operations (in dollars per share) $ 0.24 $ 0.28 $ 0.44 $ 0.48
Income from discontinued operations (in dollars per share) $ 0.15 $ 0.07 $ 0.16 $ 0.09
Total per common share attributable to common stockholders - diluted (in dollars per share) $ 0.39 $ 0.35 $ 0.60 $ 0.57
Cash distribution declared per share of common stock (in dollars per share) $ 0.33 $ 0.33 $ 0.66 $ 0.66