Item Other Events.
8.01

On April 27, 2009, One Liberty Properties, Inc. issued a press release relating to its quarterly dividend to be paid on April 27, 2009, to stockholders of record as of March 30, 2009. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.

Item Financial Statements and Exhibits.
9.01

(a) Financial Statements of Businesses Acquired.

Not applicable.

(b) Pro Forma Financial Information.

Not applicable.

(c) Shell Company Transactions.

Not applicable.

(d) Exhibits.

99.1 Press release dated April 27, 2009.

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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: April 27, 2009 By: /s/ Simeon Brinberg Simeon Brinberg
Senior Vice President