<ARTICLE>               5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE CONSOLIDATED BALANCE SHEET AND STATEMENT OF OPERATIONS
AND IS QUALIFIED IN ITS ENTIREY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<CIK>                   0000712770
<NAME>                  ONE LIBERTY PROPERTIES, INC.
<MULTIPLIER>            1000
       
                                          
<FISCAL-YEAR-END>                            SEP-30-1995
<PERIOD-END>                                 MAR-31-1995
<PERIOD-TYPE>                                3-MOS  
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<CURRENT-LIABILITIES>                                  0  
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<COMMON>                                           1,404
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<PREFERRED>                                            0
<OTHER-SE>                                        16,137
<TOTAL-LIABILITY-AND-EQUITY>                      35,127
<SALES>                                                0
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<CGS>                                                  0
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