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Securities and Exchange Commission
Washington, D.C. 20549
AMENDMENT NO. 2 TO
SCHEDULE 13D
Under the Securities Exchange Act of l934
Tappan Zee Financial, Inc.
________________________________________________________________
(Name of Issuer)
Common Stock, $.01 par value
________________________________________________________________
(Title of Class of Securities)
876067109
_______________________________________________________________
Simeon Brinberg (CUSIP Number)
60 Cutter Mill Road, Great Neck, New York 11021 516-466-3100
________________________________________________________________
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
____________________September 19,
1996____________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on
Schedule l3G to report the acquisition which is the subject of
this Schedule l3D, and is filing this schedule because of Rule
l3d-l(b)(3) or (4), check the following box / /.
Check the following box if a fee is being paid with the
statement / /. (A fee is not required only if the reporting
person: (l) has a previous statement on file reporting beneficial
ownership of more than five percent of the class of securities
described in Item l; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule l3d-7).
NOTE: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule l3d-l(a) for other
parties to whom copies are to be sent.
*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 l8
of the Securities Exchange Act of l934 ("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).
Cusip No. 876067109
_________________________________________________________________
l. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BRT Realty Trust - 13-275-5856
_________________________________________________________________
2. CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b)
_________________________________________________________________
3. SEC USE ONLY
_________________________________________________________________
4. SOURCE OF FUNDS*
WC
_________________________________________________________________
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
_________________________________________________________________
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
_________________________________________________________________
7. SOLE VOTING POWER - 76,950
NUMBER OF _____________________________________________
SHARES 8. SHARED VOTING POWER -
BENEFICIALLY ____________________________________________
OWNED BY 9. SOLE DISPOSITIVE POWER - 76,950
EACH _____________________________________________
REPORTING 10. SHARED DISPOSITIVE POWER -
PERSON WITH _____________________________________________
_________________________________________________________________
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON - 76,950
_________________________________________________________________
12. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
_________________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.95%
_________________________________________________________________
14. TYPE OF
REPORTING PERSON*
OO
_________________________________________________________________
This amendment relates to Common Stock, $.01 par value (the
"Common Stock") of Tappan Zee Financial, Inc., a Delaware
Corporation (the "Company"). This amendment amends Schedule 13D
dated August 15, 1996 ("Original 13D"), as amended to date.
Item 5. Interest in Securities of the Issuer
(a) BRT owns, as of this date, 76,950 shares of Common Stock of
the Company, constituting approximately 4.95% of the shares of
Common Stock outstanding.
(b) BRT has sole voting and dispositive power with respect to the
76,950 shares of Common Stock it beneficially owns.
(c) BRT acquired 145,600 shares of Common Stock on August 15,
1996 as reported in the Original Schedule 13D. It sold 63,500
shares as reported in Amendment No. 1 to the Original 13D. After
the sales reported below, totalling 5,150 shares, BRT owned
76,950 shares of the Company's Common Stock.
Date of Sale Number of Shares Price per Share
Sold
9/18/96 2,000 12.25
9/19/96 3,150 12.25
Except as set forth in the Original 13D, as amended, neither BRT
nor any of its officers or trustees (i) owns or has any right to
acquire, directly or indirectly, any
shares of Common Stock of the Company; or (ii) has in the past
sixty days effected any transactions in shares of Common Stock of
the Company.
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Signature
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Dated: September 24, 1996
BRT REALTY TRUST
By s/
Simeon Brinberg
Senior Vice President
