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CONSOLIDATED STATEMENTS OF INCOME (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues:    
Rental income, net $ 13,894,000olp_RentalIncomeNet $ 13,813,000olp_RentalIncomeNet
Tenant reimbursements 782,000us-gaap_TenantReimbursements 589,000us-gaap_TenantReimbursements
Lease termination fee 650,000olp_LeaseTerminationFeeNet  
Total revenues 15,326,000us-gaap_RealEstateRevenueNet 14,402,000us-gaap_RealEstateRevenueNet
Operating expenses:    
Depreciation and amortization 3,734,000us-gaap_DepreciationAndAmortization 3,577,000us-gaap_DepreciationAndAmortization
General and administrative (including $507 and $708, respectively, to related parties) 2,392,000us-gaap_GeneralAndAdministrativeExpense 2,211,000us-gaap_GeneralAndAdministrativeExpense
Federal excise and state taxes 74,000olp_FederalExciseAndStateTaxPaidAndOrAccrued 62,000olp_FederalExciseAndStateTaxPaidAndOrAccrued
Real estate expenses (including $223 and $213,respectively, to related parties) 1,334,000us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment 1,098,000us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment
Leasehold rent 77,000olp_LeaseholdRent 77,000olp_LeaseholdRent
Real estate acquisition costs 248,000olp_CostsOfAcquiringRealEstate 40,000olp_CostsOfAcquiringRealEstate
Total operating expenses 7,859,000us-gaap_OperatingExpenses 7,065,000us-gaap_OperatingExpenses
Operating income 7,467,000us-gaap_OperatingIncomeLoss 7,337,000us-gaap_OperatingIncomeLoss
Other income and expenses:    
Equity in earnings of unconsolidated joint ventures 147,000us-gaap_IncomeLossFromEquityMethodInvestments 133,000us-gaap_IncomeLossFromEquityMethodInvestments
Other income 3,000us-gaap_OtherNonoperatingIncome 8,000us-gaap_OtherNonoperatingIncome
Purchase price fair value adjustment (960,000)us-gaap_AssetsFairValueAdjustment  
Gain on sale of real estate, net 5,392,000olp_GainLossOnDispositionOfRealEstate  
Prepayment costs on debt (568,000)us-gaap_GainsLossesOnExtinguishmentOfDebt  
Interest:    
Expense (3,739,000)us-gaap_InterestExpense (3,953,000)us-gaap_InterestExpense
Amortization and write-off of deferred financing costs (455,000)us-gaap_AmortizationOfFinancingCostsAndDiscounts (238,000)us-gaap_AmortizationOfFinancingCostsAndDiscounts
Income from continuing operations 9,207,000us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 3,287,000us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Income from discontinued operations   13,000us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net income 9,207,000us-gaap_ProfitLoss 3,300,000us-gaap_ProfitLoss
Net income attributable to non-controlling interests (1,351,000)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (27,000)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to One Liberty Properties, Inc. $ 7,856,000us-gaap_NetIncomeLoss $ 3,273,000us-gaap_NetIncomeLoss
Weighted average number of common shares outstanding:    
Basic (in shares) 15,776us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 15,356us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 15,876us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 15,456us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Per common share attributable to common stockholders - basic: $ 0.48us-gaap_EarningsPerShareBasic $ 0.20us-gaap_EarningsPerShareBasic
Per common share attributable to common stockholders - diluted: $ 0.48us-gaap_EarningsPerShareDiluted $ 0.20us-gaap_EarningsPerShareDiluted
Cash distributions declared per share of common stock $ 0.39us-gaap_CommonStockDividendsPerShareCashPaid $ 0.37us-gaap_CommonStockDividendsPerShareCashPaid