OLP One Liberty Properties Inc

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES                                                                                   
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940                       

1. Name and Address of Reporting Person * GOULD FREDRIC H	2. Issuer Name and Ticker or Trading Symbol ONE LIBERTY PROPERTIES INC [ OLP ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director                    _____ 10% Owner __X__ Officer (give title below)    _____ Other (specify below) Vice Chairman of Board
(Last)          (First)          (Middle) 60 CUTTER MILL ROAD, SUITE 303	3. Date of Earliest Transaction (MM/DD/YYYY) 1/6/2021
(Street) GREAT NECK, NY 11021 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	1/6/2021		A		10670 (1)	A	$0	510007	D
Common Stock								144 (2)	I	By Georgetown Partners, Inc.
Common Stock								13622 (3)	I	By 130 Store Company
Common Stock								49208 (4)	I	By spouse
Common Stock								1893912.215 (5)	I	By Gould Investors L.P.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:
(1)	These shares were issued as restricted stock effective January 6, 2021 under the issuer's 2019 Incentive Plan. Subject to the reporting person's continued relationship with the Company, the shares vest January 5, 2026. The award is exempt from Section 16(b) under Rule 16b-3(d)(1).
(2)	Reporting person is the sole shareholder of Georgetown Partners, Inc.
(3)	Reporting person is a partner in 130 Store Company, which owns these shares.
(4)	Reporting person disclaims any beneficial interest in said shares. Spouse of reporting person is no longer a trustee of the Gould Shenfeld Family Foundation.
(5)	Reporting person is the sole shareholder of the corporate managing general partner of Gould Investors L.P. Reporting person also holds limited partnership interests in Gould Investors L.P., both directly and indirectly. These shares represent all shares of the issuer owned by Gould Investors L.P. including shares in which reporting person does not have a pecuniary interest. Includes shares obtained through the issuer's dividend reinvestment plan.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
GOULD FREDRIC H 60 CUTTER MILL ROAD SUITE 303 GREAT NECK, NY 11021	X		Vice Chairman of Board

Signatures
/s/ Fredric H. Gould by David Kalish, his attorney in fact		1/8/2021
**Signature of Reporting Person		Date