secwatch.observer — SEC 8-K summary
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Issuer:     ONE LIBERTY PROPERTIES INC (OLP)
CIK:        0000712770
Form:       8-K
Filed at:   2024-07-01T23:59:59+00:00
Accession:  0001213900-24-057902
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712770/000121390024057902/0001213900-24-057902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712770/000121390024057902/ea0208804-8k_oneliberty.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-057902

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