f8k071212_oneliberty.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549


FORM 8-K/A
CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934


Date of Report (Date of earliest event reported):  July 12, 2012


ONE LIBERTY PROPERTIES, INC.
(Exact name of Registrant as specified in charter)
 
 
 Maryland    001-09279      13-3147497
(State or other 
jurisdiction of incorporation)
  (Commission file No.)  
(IRS Employer 
I.D. No.)
 
60 Cutter Mill Road, Suite 303, Great Neck, New York    11021
 (Address of principal executive offices)                      (Zip code)
 
  516-466-3100  
Registrant's telephone number, including area code
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o           Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o           Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o           Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o           Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 


 
 

 
 
Item 8.01         Other Event.

On September 19, 2012, we completed the sale to Nomad Realty LLC, an affiliate of Stanford Realty Associates, Inc., of our fee interest in the real property located at 119-121 Madison Avenue, New York, New York and 27-29 East 30th Street, New York, New York, for $18.25 million.  As part of the transaction, our existing financing in the approximate amount of $6.93 million was paid off.  We estimate that this sale will result in a gain of approximately $15 million, without regard to any additional transaction consideration that may be payable in the future.

 
 

 
 
SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
ONE LIBERTY PROPERTIES, INC.
 
       
Date:     September 20, 2012 
By:
/s/ David W. Kalish  
 
David W. Kalish
  Senior Vice President and Chief
  Financial Officer