---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-057902"
form_type: "8-K"
ticker: "OLP"
cik: "0000712770"
company_name: "ONE LIBERTY PROPERTIES INC"
filed_at: "2024-07-01T23:59:59+00:00"
generated_at: "2026-06-01T00:18:33.707668+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# One Liberty Properties sells vacant Georgia retail property for $6.7M, expects $2.1M gain

## Summary
- Completed sale of vacant retail property in Kennesaw, GA on June 28, 2024 for gross price of $6.7 million.
- Applied $4.4 million of proceeds to pay off related mortgage; net proceeds to company ~$2.3 million.
- Expects to record estimated gain of approximately $2.1 million in Q2 2024.
- Property generated $111K rental income but $493K in operating, interest, and D&A expenses in 2023.

## SEC filing metadata
- accession: 0001213900-24-057902
- form_type: 8-K
- ticker: OLP
- cik: 0000712770
- company_name: ONE LIBERTY PROPERTIES INC
- filed_at: 2024-07-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/712770/000121390024057902/0001213900-24-057902-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/712770/000121390024057902/ea0208804-8k_oneliberty.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-057902
- JSON: https://secwatch.observer/filing/0001213900-24-057902.json
- Plain text: https://secwatch.observer/filing/0001213900-24-057902.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.