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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Rental income, net $ 14,552 $ 12,487 $ 42,308 $ 35,588
Tenant reimbursements 635 483 1,677 1,225
Lease termination fee     1,269  
Total revenues 15,187 12,970 45,254 36,813
Operating expenses:        
Depreciation and amortization 3,685 2,983 10,985 8,298
General and administrative (including $387, $572 $1,606 and $1,716, respectively, to related party) 2,153 1,938 6,497 5,841
Real estate expenses (including $213, $150, $638 and $450 respectively, to related party) 1,085 851 3,061 2,375
Leasehold rent 77 77 231 231
Federal excise and state taxes 6 (7) 175 218
Real estate acquisition costs 83 544 211 821
Impairment loss 1,093   1,093  
Total operating expenses 8,182 6,386 22,253 17,784
Operating income 7,005 6,584 23,001 19,029
Other income and expenses:        
Equity in earnings of unconsolidated joint ventures 134 122 397 513
Gain on disposition of real estate - unconsolidated joint venture       2,807
Gain on sale - unconsolidated joint venture interest       1,898
Gain on sale - investment in BRT Realty Trust (related party)     134  
Other income 10 10 20 89
Interest:        
Expense (4,227) (3,409) (12,215) (9,670)
Amortization of deferred financing costs (275) (223) (741) (662)
Income from continuing operations 2,647 3,084 10,596 14,004
Income from discontinued operations   144 13 425
Net income 2,647 3,228 10,609 14,429
Less net income attributable to non-controlling interests (27) (17) (76) (32)
Net income attributable to One Liberty Properties, Inc. $ 2,620 $ 3,211 $ 10,533 $ 14,397
Weighted average number of common shares outstanding:        
Basic (in shares) 15,650 15,093 15,508 14,871
Diluted (in shares) 15,750 15,193 15,608 14,971
Per common share attributable to common stockholders - basic:        
Income from continuing operations (in dollars per share) $ 0.16 $ 0.19 $ 0.64 $ 0.90
Income from discontinued operations (in dollars per share)   $ 0.01   $ 0.03
Total per common share attributable to common stockholders - basic (in dollars per share) $ 0.16 $ 0.20 $ 0.64 $ 0.93
Per common share attributable to common stockholders - diluted:        
Income from continuing operations (in dollars per share) $ 0.16 $ 0.19 $ 0.64 $ 0.90
Income from discontinued operations (in dollars per share)   $ 0.01   $ 0.03
Total per common share attributable to common stockholders - diluted (in dollars per share) $ 0.16 $ 0.20 $ 0.64 $ 0.93
Cash distributions declared per share of common stock (in dollars per share) $ 0.37 $ 0.35 $ 1.11 $ 1.05