One Liberty Properties Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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Section 8 – Other Events
Item 8.01 Other Events
In our Quarterly Report on Form 10-Q for the period ended March 31, 2024, we reported that we anticipated completing, in late June 2024, the sale of a vacant retail property located in Kennesaw, Georgia. On June 28, 2024, we completed the sale of this property for a gross sales price of $6.7 million and applied $4.4 million of the sale proceeds to pay off the related mortgage. We estimate that for the quarter ended June 30, 2024, we will realize a gain of approximately $2.1 million from this sale. In 2023, this property generated $111,000 of rental income and $80,000, $173,000 and $240,000 of real estate operating, mortgage interest and depreciation and amortization expense, respectively.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description of Exhibit | |
| 101 | Cover Page Interactive Data File – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. | |
| 104 | Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document. |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ONE LIBERTY PROPERTIES, INC. | ||
| Date: July 1, 2024 | By: | /s/ Isaac Kalish |
| Isaac Kalish | ||
| Senior Vice President and | ||
| Chief Financial Officer | ||
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