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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Rental income, net $ 11,792 $ 10,755 $ 34,570 $ 32,309
Operating expenses:        
Depreciation and amortization 2,503 2,334 7,410 6,803
General and administrative (including $572, $572, $1,716 and $1,716, respectively, to related party) 1,911 1,804 5,598 5,307
Real estate acquisition costs 93 131 259 176
Real estate expenses (including $150, $150, $450 and $450, respectively, to related party) 644 553 1,949 1,711
Leasehold rent 77 77 231 231
Total operating expenses 5,228 4,899 15,447 14,228
Operating income 6,564 5,856 19,123 18,081
Other income and expenses:        
Equity in earnings of unconsolidated joint ventures 121 105 575 241
Gain on settlement of debt       1,240
Other income 6 9 230 61
Interest:        
Expense (3,383) (3,150) (10,121) (9,906)
Amortization of deferred financing costs (202) (177) (583) (656)
Gain on sale of real estate     319  
Income from continuing operations 3,106 2,643 9,543 9,061
Discontinued operations:        
Income from operations 264 122 602 646
Net gain on sales 15,050   17,254 932
Income from discontinued operations 15,314 122 17,856 1,578
Net income 18,420 2,765 27,399 10,639
Less net income attributable to non-controlling interests (6)   (13)  
Net income attributable to One Liberty Properties, Inc. $ 18,414 $ 2,765 $ 27,386 $ 10,639
Weighted average number of common shares outstanding:        
Basic (in shares) 14,443 14,143 14,370 13,663
Diluted (in shares) 14,543 14,143 14,470 13,663
Per common share attributable to common stockholders - basic:        
Income from continuing operations (in dollars per share) $ 0.21 $ 0.18 $ 0.64 $ 0.64
Income from discontinued operations (in dollars per share) $ 1.03 $ 0.01 $ 1.21 $ 0.11
Total per common share attributable to common stockholders - basic (in dollars per share) $ 1.24 $ 0.19 $ 1.85 $ 0.75
Per common share attributable to common stockholders - diluted:        
Income from continuing operations (in dollars per share) $ 0.21 $ 0.18 $ 0.64 $ 0.64
Income from discontinued operations (in dollars per share) $ 1.02 $ 0.01 $ 1.20 $ 0.11
Total per common share attributable to common stockholders - diluted (in dollars per share) $ 1.23 $ 0.19 $ 1.84 $ 0.75
Cash distributions declared per share of common stock (in dollars per share) $ 0.33 $ 0.33 $ 0.99 $ 0.99