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-3 333-XXXXX) and related Prospectus of One Liberty Properties, Inc. for the registration of 1,000,000 shares of
its common stock, and to the incorporation by reference therein of our report dated March 6, 2024, 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, 2023, filed with the Securities and Exchange Commission.
/s/Ernst & Young LLP
New York, New York
June 11, 2024