Company: OLP
Filing Date: 2025-06-09
Form Type: S-8
Source: 0001213900-25-052678
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Company: ONE LIBERTY PROPERTIES INC
Filing Date: 2025-06-09
Form: S-8
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<div align='center'>As filed with the Securities and Exchange Commission on June 9, 2025</div>

Registration No. 333-

<div align='center'>SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM S-8

REGISTRATION STATEMENT

UNDER THE SECURITIES ACT OF 1933

ONE LIBERTY PROPERTIES, INC.

(Exact Name of Registrant as Specified in its Charter)</div>

| Maryland                        |     | 13-3147497            |
| (State or other jurisdiction of 
 incorporation or organization)  |     | -IRS Employer         
 Identification Number |

<div align='center'>60 CUTTER MILL ROAD, SUITE 303

GREAT NECK, NEW YORK 11021

(Address of Principal Executive Offices) (Zip Code)

ONE LIBERTY PROPERTIES, INC. 2025 INCENTIVE PLAN

(Full Title of the Plan)

S. Asher Gaffney, Esq.

Vice President, Counsel and Corporate Secretary

One Liberty Properties, Inc.

60 Cutter Mill Road

Suite 303

Great Neck, New York 11021

(Name and Address of Agent for Service)

516-466-3100

(Telephone Number, Including Area Code, of
Agent for Service)</div>

Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth
company. See the definitions of “large accelerated filer,” “accelerated filer,” “small reporting
company” and “emerging growth company” in Rule 12b-2 of the Exchange Act:

| Large accelerated filer ☐ | Accelerated filer ☐         |
| Non-accelerated filer ☒   | Smaller reporting company ☒ |
|                           | Emerging growth company ☐   |

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for comply with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act. ☐

<div align='center'>PART I

EXPLANATORY NOTE</div>

This Registration Statement on Form S-8 is filed
by One Liberty Properties, Inc. (the “Company”, “Registrant”, “we”, “us” or “our”)
relating to 750,