UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ___)
BRT Realty Trust
(Name of Issuer)
Shares of Beneficial Interest, Par Value $3.00 Per Share
(Title of Class Securities)
055645 30 3
(CUSIP Number)
April 1998
(Date of Event which Requires Filing of this Statement)
Check appropriate box to designate the rule pursuant to which this
Schedule is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
*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 the
disclosures provided in a prior cover page.
The information required in 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 ("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>
CUSIP No. 055645 30 3 13G Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HENRY MOSKOWITZ
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) |_|
(B) |_|
NOT APPLICABLE
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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NUMBER OF 5 SOLE VOTING POWER
SHARES 424,500
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 442,500
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 424,500
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PERSON 8 SHARED DISPOSITIVE POWER
WITH 442,500
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
442,500
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.2%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 055645 30 3 13G Page 3 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
THE ARGO CORPORATION
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
NOT APPLICABLE
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
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NUMBER OF 5 SOLE VOTING POWER
SHARES 18,000
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 18,0000
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PERSON 8 SHARED DISPOSITIVE POWER
WITH 0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,000
------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.3%
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
ITEM 1.
(a) Name of Issuer
BRT Realty Trust
(b) Address of Issuer's Principal Executive Offices
60 Cutter Mill Road, Suite 303, Great Neck, N.Y. 11021
ITEM 2.
(a) Name of Persons Filing
Henry Moskowitz
The Argo Corporation
(b) Address of Principal Business Office or, if none, Residence
Henry Moskowitz
50 West 17th Street, 7th Floor
New York, NY 10011
The Argo Corporation
50 West 17th Street, 7th Floor
New York, NY 10011
(c) Citizenship
Henry Moskowitz
United States
The Argo Corporation
New York
(d) Title of Class of Securities
Shares of Beneficial Interest, Par Value $3.00 Per Share
(e) CUSIP Number
055645 30 3
ITEM 3.
If this statement is filed pursuant to 13d-1(c), check this box |X|
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned See Item 9 of Cover Pages.
Pursuant to ss.240.13d-4, Henry Moskowitz and The Argo Corporation owning
shares (the "Reporting Persons") disclaim beneficial ownership of the
securities of BRT Realty Trust (the "Company") referred to herein, and the
filing of this Schedule 13G shall not be construed as an admission that
the Reporting Persons are, for the purposes of Section 13(d) or 13(g) of
the Securities Exchange Act of 1934, the beneficial owner of any
securities of the Company covered by this statement.
(b) Percent of Class
See Item 11 of Cover Pages.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
See Item 5 of Cover Pages.
(ii) shared power to vote or to direct the vote
See Item 6 of Cover Pages.
(iii) sole power to dispose or to direct the disposition of
See Item 7 of Cover Pages.
(iv) shared power to dispose or to direct the disposition of
See Item 8 of Cover Pages.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the Class of securities, check the following |_|.
<PAGE>
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
By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held
in the ordinary course of business and were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any
transaction having that purpose or effect.
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.
Date: June 9, 1999
/s/ Henry Moskowitz
Henry Moskowitz on behalf of himself and with Rose
Moskowitz as joint tenants
THE ARGO CORPORATION
By: /s/ Mark Moskowitz
Mark Moskowitz
President
