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 JEFFREY
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                    __X__ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
SENIOR VICE PRESIDENT
(Last)          (First)          (Middle)

60 CUTTER MILL ROAD, SUITE 303
3. Date of Earliest Transaction (MM/DD/YYYY)

7/16/2021
(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         14194 (1)I By Gould Shenfeld Family Foundation 
Common Stock         1921711.893 (2)I By Gould Investors L.P. 
Common Stock 7/16/2021  S  100 D$29.54 341348.598 (3)D  
Common Stock 7/16/2021  S  474 D$29.56 340774.598 (3)D  
Common Stock 7/16/2021  S  976 D$29.58 339798.598 (3)D  
Common Stock 7/16/2021  S  621 D$29.5449 339177.598 (3)D  
Common Stock 7/16/2021  S  724 D$29.5489 338453.598 (3)D  
Common Stock 7/16/2021  S  800 D$29.63 337653.598 (3)D  
Common Stock 7/16/2021  S  767 D$29.64 336886.598 (3)D  
Common Stock 7/16/2021  S  800 D$29.66 336086.598 (3)D  
Common Stock 7/16/2021  S  564 D$29.69 335122.598 (3)D  
Common Stock 7/16/2021  S  400 D$29.70 334722.598 (3)D  
Common Stock 7/16/2021  S  237 D$29.73 3344855.598 (3)D  
Common Stock 7/16/2021  S  400 D$29.74 334085.598 (3)D  
Common Stock 7/16/2021  S  300 D$29.77 333785.598 (3)D  
Common Stock 7/16/2021  S  200 D$29.78 333585.598 (3)D  
Common Stock 7/16/2021  S  600 D$29.80 332985.598 (3)D  
Common Stock 7/16/2021  S  237 D$29.85 332748.598 (3)D  

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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) Reporting person is a director of the Gould Shenfeld Family Foundation.
(2) Reporting person is an officer of managing general partner of Gould Investors L.P. Reporting person also holds limited partnership units in Gould Investors L.P. including shares in which he does not have a pecuniary interest. These shares represent all shares of the issuer owned by Gould Investors L.P. Includes shares obtained through issuer's dividend reinvestment plan.
(3) Includes shares acquired through issuer's dividend reinvestment plan.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
GOULD JEFFREY
60 CUTTER MILL ROAD, SUITE 303
GREAT NECK, NY 11021
XXSENIOR VICE PRESIDENT

Signatures
/s/ Jeffrey A. Gould7/20/2021
**Signature of Reporting PersonDate

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