Item 8.01 Other Events.

On June 4, 2009, One Liberty Properties, Inc. issued a press release relating to its quarterly dividend to be paid on July 21, 2009, to stockholders of record as of June 19, 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 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press release dated June 4, 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: June 4, 2009 By: /s/ Simeon Brinberg Simeon Brinberg
Senior Vice President