<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
       
                                          
<FISCAL-YEAR-END>                            DEC-31-1996
<PERIOD-END>                                 SEP-30-1996
<PERIOD-TYPE>                                9-MOS  
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<PREFERRED>                                            0
<OTHER-SE>                                        16,097
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<INCOME-TAX>                                           0
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<EPS-PRIMARY>                                        .45
<EPS-DILUTED>                                        .45