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FAIR VALUE MEASUREMENTS (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Fair Value of Financial Instruments      
Carrying amount $ 13,250,000us-gaap_LineOfCredit $ 23,250,000us-gaap_LineOfCredit  
Available-for-sale securities:      
Equity securities 29,000us-gaap_AvailableForSaleSecuritiesEquitySecurities    
Available-for-sale securities      
Aggregate cost of available-for-sale securities 5,300us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis 138,000us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis  
Unrealized gain on available-for-sale securities 24,000us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax 144,000us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax  
Gross proceeds of available-for-sale securities 266,000us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 19,000us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 373,000us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
Net realized gain on available-for-sale securities 134,000us-gaap_AvailableForSaleSecuritiesGrossRealizedGains 6,000us-gaap_AvailableForSaleSecuritiesGrossRealizedGains 9,000us-gaap_AvailableForSaleSecuritiesGrossRealizedGains
Gain on sale shares sold to related party 134,000us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet 6,000us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet 9,000us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet
Facility      
Fair Value of Financial Instruments      
Carrying amount 13,250,000us-gaap_LineOfCredit
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
23,250,000us-gaap_LineOfCredit
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
 
Carrying and fair Value      
Available-for-sale securities:      
Equity securities 29,000us-gaap_AvailableForSaleSecuritiesEquitySecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
282,000us-gaap_AvailableForSaleSecuritiesEquitySecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
 
Carrying and fair Value | Interest rate swap      
Available-for-sale securities:      
Derivative financial instruments 27,000us-gaap_DerivativeFairValueOfDerivativeAsset
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_InterestRateSwapMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
265,000us-gaap_DerivativeFairValueOfDerivativeAsset
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_InterestRateSwapMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
 
Financial liabilities:      
Derivative financial instruments 3,139,000us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_InterestRateSwapMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
774,000us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_InterestRateSwapMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
 
Level 1      
Available-for-sale securities:      
Equity securities 29,000us-gaap_AvailableForSaleSecuritiesEquitySecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
282,000us-gaap_AvailableForSaleSecuritiesEquitySecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
 
Level 2 | Interest rate swap      
Available-for-sale securities:      
Derivative financial instruments 27,000us-gaap_DerivativeFairValueOfDerivativeAsset
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_InterestRateSwapMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
265,000us-gaap_DerivativeFairValueOfDerivativeAsset
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_InterestRateSwapMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
 
Financial liabilities:      
Derivative financial instruments 3,139,000us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_InterestRateSwapMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
774,000us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_InterestRateSwapMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
 
BRT Realty Trust      
Available-for-sale securities:      
Equity securities   262,000us-gaap_AvailableForSaleSecuritiesEquitySecurities
/ us-gaap_InvestmentTypeAxis
= olp_BRTRealtyTrustSecuritiesMember
 
Available-for-sale securities      
Investment in available-for-sale equity securities (in shares)   37,081us-gaap_InvestmentOwnedBalanceShares
/ us-gaap_InvestmentTypeAxis
= olp_BRTRealtyTrustSecuritiesMember
 
BRT Realty Trust | Gould      
Available-for-sale securities      
Gross proceeds of available-for-sale securities 266,000us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
/ us-gaap_InvestmentTypeAxis
= olp_BRTRealtyTrustSecuritiesMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= olp_GouldInvestorsLPMember
   
Number of shares sold to related party 37,081olp_RelatedPartyTransactionNumberOfSharesSold
/ us-gaap_InvestmentTypeAxis
= olp_BRTRealtyTrustSecuritiesMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= olp_GouldInvestorsLPMember
   
Period based on which average of the closing prices considered for proceeds from related party 30 days    
Cost of shares sold to related party 132,000us-gaap_AvailableForSaleSecuritiesAmortizedCost
/ us-gaap_InvestmentTypeAxis
= olp_BRTRealtyTrustSecuritiesMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= olp_GouldInvestorsLPMember
   
Gain on sale shares sold to related party 134,000us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet
/ us-gaap_InvestmentTypeAxis
= olp_BRTRealtyTrustSecuritiesMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= olp_GouldInvestorsLPMember
   
Gain reclassified from accumulated other comprehensive loss on the balance sheet into earnings 132,000us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
/ us-gaap_InvestmentTypeAxis
= olp_BRTRealtyTrustSecuritiesMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= olp_GouldInvestorsLPMember
   
Other equity securities      
Available-for-sale securities:      
Equity securities   20,000us-gaap_AvailableForSaleSecuritiesEquitySecurities
/ us-gaap_InvestmentTypeAxis
= olp_OtherEquitySecuritiesMember
 
Mortgages payable      
Fair Value of Financial Instruments      
Estimated fair value of mortgages payable 300,541,000us-gaap_DebtInstrumentFairValue
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
283,142,000us-gaap_DebtInstrumentFairValue
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
 
Excess of fair value over carrying value $ 8,492,000olp_DebtInstrumentExcessOfEstimatedFairValueOverCarryingValue
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
$ 5,097,000olp_DebtInstrumentExcessOfEstimatedFairValueOverCarryingValue
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
 
Blended or estimated market interest rate (as a percent) 4.50%us-gaap_FairValueInputsDiscountRate
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
5.00%us-gaap_FairValueInputsDiscountRate
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
 
Weighted average remaining term of the mortgages   9 years  
Mortgages and loan payable      
Fair Value of Financial Instruments      
Weighted average remaining term of the mortgages 9 years 1 month 6 days