-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Gkqe5Th4Qxm+1tDdu3Xu7W+Pigdb2UGU0oVpF37aufHW5LHpPc5mPW+aF7VgyN/w RUydOHz6tnRFBKiT9ebJ1w== 0000891554-98-000173.txt : 19980218 0000891554-98-000173.hdr.sgml : 19980218 ACCESSION NUMBER: 0000891554-98-000173 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980217 SROS: AMEX SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ONE LIBERTY PROPERTIES INC CENTRAL INDEX KEY: 0000712770 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 133147497 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-39144 FILM NUMBER: 98542871 BUSINESS ADDRESS: STREET 1: 60 CUTTER MILL RD STREET 2: SUITE 303 CITY: GREAT NECK STATE: NY ZIP: 11021-3190 BUSINESS PHONE: 5164663100 MAIL ADDRESS: STREET 1: 60 CUTTER MILL ROAD STREET 2: SUITE 303 CITY: GREAT NECK STATE: NY ZIP: 11021-3190 FORMER COMPANY: FORMER CONFORMED NAME: ONE LIBERTY FIRESTONE PROPERTIES INC DATE OF NAME CHANGE: 19851112 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER & CLOSE INC CENTRAL INDEX KEY: 0000744880 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133211335 STATE OF INCORPORATION: NY FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 119 WEST 57TH STREET STREET 2: SUITE 1515 CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2124897527 MAIL ADDRESS: STREET 1: 118 WEST 57TH STREET STREET 2: SUITE 1515 CITY: NEW YORK STATE: NY ZIP: 10019 SC 13G 1 SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------- SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b) (Amendment No. )(1) One Liberty Properties, Inc. (Name of Issuer) Common Stock, Par Value $1.00 Per Share (Title of Class of Securities) 682406103 (CUSIP Number) - ---------- (1) The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 6 Pages CUSIP No. 682406103 13G Page 2 of 6 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) P. Oppenheimer Investment Partnership, L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES 67,600 BENEFICIALLY -------------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH None REPORTING -------------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH 67,600 -------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER None - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 67,600 - -------------------------------------------------------------------------------- 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.3% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 6 Pages CUSIP No. 682406103 13G Page 3 of 6 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Oppenheimer & Close, Inc. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES None BENEFICIALLY -------------------------------------------------------------- OWNED BY 6. SHARED VOTING POWER EACH None REPORTING -------------------------------------------------------------- PERSON 7. SOLE DISPOSITIVE POWER WITH None -------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 36,800 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 36,800 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.5% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON IA/BD - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 6 Pages Item 1(a). Name of Issuer: One Liberty Properties, Inc. Item 1(b). Address of Issuer's Principal Executive Offices: 60 Cutter Mill Road Great Neck, New York 11021 Item 2(a). Name of Person Filing: P. Oppenheimer Investment Partnership and Oppenheimer & Close, Inc. Item 2(b). Address of Principal Business Office or, if None, Residence: 119 West 57th Street Suite 1515 New York, New York 10019 Item 2(c). Citizenship: P. Oppenheimer Investment Partnership, L.P. is a partnership organized under the laws of the State of Delaware. Oppenheimer & Close, Inc. is a corporation organized under the laws of the State of New York. Item 2(d). Title of Class of Securities: Common Stock, par value $1.00 per share. Item 2(e). CUSIP Number: 682406103 Item 3. Oppenheimer & Close, Inc. is a broker-dealer registered under Section 15 of the Securities Exchange Act of 1934 and an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. Item 4. Ownership: (a) Amount Beneficially Owned: Includes (i) 36,800 shares of Common Stock held by clients of Oppenheimer & Close, Inc., a registered investment advisor, over which Oppenheimer & Close, Inc. exercises investment discretion; (ii) 62,600 shares of Common Stock held by P. Oppenheimer Investment Partnership, L.P. of which Oppvest, LLC is the general partner; and (iii) 5,000 shares of convertible preferred stock held by P. Oppenheimer Investment Partnership, L.P. (b) Percent of Class: 6.8% Page 4 of 6 Pages (c) Number of shares as to which such person has sole power to vote or to direct the vote; shared power to vote or to direct the vote; sole power to dispose or to direct the disposition; or shared power to dispose or to direct the disposition: See pages 2 and 3. Item 5. Ownership of Five Percent or Less of a Class. Not Applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not Applicable. Item 8. Identification and Classification of Members of the Group. Not Applicable. Item 9. Notice of Dissolution of Group. Not Applicable. Item 10. Certification. Not Applicable. Page 5 of 6 Pages SIGNATURE After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: February 17, 1998 P. Oppenheimer Investment Partnership, L.P. By: Oppvest, LLC, General Partner By: /s/ Mark Close ----------------------------- Name: Mark Close Title: Managing Member Oppenheimer & Close, Inc. By: /s/ Mark Close ----------------------------- Name: Mark Close Title: Managing Director Page 6 of 6 Pages -----END PRIVACY-ENHANCED MESSAGE-----