Company: OLP
Filing Date: 2025-09-11
Form Type: 8-K
Source: 0001213900-25-086864
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Company: ONE LIBERTY PROPERTIES INC
Filing Date: 2025-09-11
Form: 8-K
Item: Item 8.01
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Item 8.01

Other Events

On or about September 10, 2025, we and our ground
lease tenant entered into a contract to sell the entire collective interest in The Vue, a multi-family project located in Beachwood, Ohio,
and in connection therewith, the buyer deposited $2.5 million into escrow. We have not generated any rental income from this property
for the past several years. We expect that this transaction will be completed in the fourth quarter of 2025, and (i) estimate that net
proceeds to us will range from approximately $18.5 million to $19 million (including the estimated proceeds to us from the settlement
(the “ Settlement”) of the lawsuit entitledEastgate LLC, et al. v. OLP Beachwood OH LLC(described in our 2024 Annual
Report)), and after giving effect, among other things, to the repayment of mortgage debt on the property, a payment to the ground-lease
tenant and estimated closing costs, and (ii) anticipate that we will recognize a gain on the sale (excluding the effect of the Settlement)
of approximately $100,000. We can provide no assurance that this transaction (including the Settlement) will be completed or that if completed,
that we will receive the net proceeds, or generate the gain, indicated.

On September 8, 2025, we sold a non-industrial
property located in Newark, Delaware for approximately $6.8 million. We estimate that the net proceeds to us will be approximately $5.4
million (after giving effect to the payoff of the related $966,000 mortgage) and that for the third quarter of 2025 we will recognize
a gain of approximately $3.2 million.

After giving effect to these transactions, approximately
80% of the base rent payable to us in the twelve months ending September 30, 2026, will be derived from industrial tenants.

Cautionary Statement Concerning Forward-Looking
Statements

This Current Report on Form 8-K( the “ Current
Report”) contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended,
or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. We intend such forward-looking
statements to be covered by the safe harbor provision for forward-looking statements contained in the Private Securities Litigation Reform
Act of 1995