XML 38 R36.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Discontinued Operations, Properties Held for Sale and Impairment (Details) (USD $) | 3 Months Ended | 9 Months Ended |  | 0 Months Ended | 12 Months Ended |  | 0 Months Ended | 9 Months Ended
--- | --- | --- | --- | --- | --- | --- | --- | ---
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Feb. 03, 2014 Real estate property located in Michigan property | Dec. 31, 2013 Real estate property located in Michigan | Sep. 30, 2014 Property located in Parsippany, New Jersey | Oct. 15, 2014 Property located in Parsippany, New Jersey Subsequent event | Sep. 30, 2014 Property located in Morrow, Georgia
Discontinued Operations, Properties Held for Sale and Impairment |  |  |  |  |  |  |  |  |  |
Number of properties sold |  |  |  |  |  | 2 |  |  |  |
Total sales price, net of closing costs |  |  | $ 5,177,000 |  |  | $ 5,177,000 |  |  | $ 38,600,000 |
Impairment charge | 1,093,000 |  | 1,093,000 |  |  |  | 61,700 |  |  | 1,093,000
Discontinued Operations |  |  |  |  |  |  |  |  |  |
Rental income |  | 244,000 | 141,000 | 730,000 |  |  |  |  |  |
Depreciation and amortization |  | 36,000 |  | 108,000 |  |  |  |  |  |
Real estate expenses |  |  | 17,000 | 1,000 |  |  |  |  |  |
Interest expense |  | 64,000 | 111,000 | 196,000 |  |  |  |  |  |
Total expenses |  | 100,000 | 128,000 | 305,000 |  |  |  |  |  |
Income from discontinued operations |  | 144,000 | 13,000 | 425,000 |  |  |  |  |  |
Net book value | 25,589,000 |  | 25,589,000 |  | 5,177,000 |  |  | 25,589,000 |  | 1,470,000
Assets related to property held-for-sale | 2,836,000 |  | 2,836,000 |  |  |  |  | 2,836,000 |  |
Gain on sale of real estate |  |  |  |  |  |  |  |  | 10,000,000 |
Gain on sale of property for federal tax purposes |  |  |  |  |  |  |  |  | 21,000,000 |
Mortgage balance paid off |  |  |  |  |  |  |  |  | 13,400,000 |
Mortgage prepayment penalty incurred |  |  |  |  |  |  |  |  | 1,580,000 |
Adjusted net book value of the property | $ 495,162,000 |  | $ 495,162,000 |  | $ 496,187,000 |  |  |  |  | $ 1,470,000

X
- Definition This element represents amount of assets related to property held-for-sale as of the balance sheet date. + References No definition available. + Details
Name: | olp_AssetsRelatedToPropertyHeldForSale
Namespace Prefix: | olp_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Represents the number of properties sold as part of discontinued operations. + References No definition available. + Details
Name: | olp_DiscontinuedOperationsNumberOfPropertiesSold
Namespace Prefix: | olp_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of aggregate costs and expenses attributable to the disposal group, including a component of the entity (discontinued operation), during the reporting period. + References No definition available. + Details
Name: | olp_DisposalGroupIncludingDiscontinuedOperationCostsAndExpenses
Namespace Prefix: | olp_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Represents the gain (loss) on sale of property for federal tax purposes. + References No definition available. + Details
Name: | olp_GainLossOnSaleOfPropertiesForFederalTaxPurposes
Namespace Prefix: | olp_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Represents the amount of mortgage prepayment penalty incurred. + References No definition available. + Details
Name: | olp_MortgagePrepaymentPenaltyIncurred
Namespace Prefix: | olp_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2420-110228 + Details
Name: | us-gaap_AssetImpairmentCharges
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of expense from discontinued operations, that reflects the allocation of the cost of tangible and intangible assets over the assets' useful lives. + References No definition available. + Details
Name: | us-gaap_DepreciationAndAmortizationDiscontinuedOperations
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of interest expense allocated to disposal group, including a discontinued operation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section S99 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26872618&loc=d3e7436-122677 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1063-107759 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1060-107759 + Details
Name: | us-gaap_DisposalGroupIncludingDiscontinuedOperationInterestExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of operating expenses attributable to the disposal group, including a component of the entity (discontinued operation), during the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 + Details
Name: | us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of rental income attributable to the disposal group, including a component of the entity (discontinued operation). + References No definition available. + Details
Name: | us-gaap_DisposalGroupIncludingDiscontinuedOperationRentalIncome
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_DisposalGroupNotDiscontinuedOperationIncomeStatementDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Gross amount of debt extinguished. + References No definition available. + Details
Name: | us-gaap_ExtinguishmentOfDebtAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585 + Details
Name: | us-gaap_GainLossOnSaleOfProperties
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.12) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 13 -Article 7 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.14) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 15 -Article 5 + Details
Name: | us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Cash received from the sale of real estate that is held for investment, that is, it is part of an investing activity during the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3179-108585 + Details
Name: | us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Carrying amount as of the balance sheet date of investments in land and buildings held for sale, excluding real estate considered to be inventory of the entity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.1(f)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
Name: | us-gaap_RealEstateHeldforsale
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.1(d)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
Name: | us-gaap_RealEstateInvestmentPropertyNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant