<ARTICLE>                      5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET AND STATEMENT OF OPERATIONS
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<CIK>                           0000712770
<NAME>                          ONE LIBERTY PROPERTIES, INC.
<MULTIPLIER>                    1000
       
                             
<PERIOD-TYPE>                   6-MOS
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<PERIOD-END>                    JUN-30-1998
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<PREFERRED>                               0
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<CGS>                                     0
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<NET-INCOME>                          1,413
<EPS-PRIMARY>                           .42
<EPS-DILUTED>                           .42