Exhibit 23.2

Consent of Independent Registered Public Accounting Firm

We consent to the reference to our firm under the caption “Experts” in the Registration Statement (Form S-3) and related Prospectus of One Liberty Properties, Inc. for the registration of common stock, preferred stock, warrants and subscription rights up to a maximum aggregate offering price of $245,936,398 and to the incorporation by reference therein of our report dated March 14, 2023, with respect to the consolidated financial statements and schedule of One Liberty Properties, Inc. and Subsidiaries included in its Annual Report (Form 10-K) for the year ended December 31, 2022, filed with the Securities and Exchange Commission.

/s/ Ernst & Young LLP

New York, New York

August 4, 2023