BRT REALTY TRUST
8-K, 1999-10-13
REAL ESTATE INVESTMENT TRUSTS
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                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549


                      ----------------------------------------



                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


        Date of Report (Date of earliest event reported) October 6, 1999
                                                         ---------------

                                BRT REALTY TRUST
                                ----------------
               (Exact name of registrant as specified in charter)




        Massachusetts             I-7172                      13-2755856
        ----------------------------------------------------------------
        (State or other      (Commission file No.)          (IRS Employer
        jurisdiction of                                       I.D. No.)
        incorporation)


        60 Cutter Mill Road, Suite 303, Great Neck, New York   11021
        --------------------------------------------------------------
           (Address of principal executive offices)         (Zip code)


         Registrant's telephone number, including area code 516-466-3100


Item 5.  Other Events.

Pursuant to Form 8-K,  dated  September  2, 1999,  registrant  reported  that on
August 24, 1999 it had signed a non binding Letter of Intent for the acquisition
of a controlling  interest  (approximately 86%) in Reliance Bank, an independent
bank located in Westchester  County.  Reference is made to said Form 8-K for the
specifics of the terms of the Letter of Intent.

On October 6, 1999  registrant  and Reliance  Bank jointly  announced  that they
terminated,  by mutual agreement,  the non-binding Letter of Intent entered into
by them on August 24, 1999.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits

           None


<PAGE>



                                Signatures

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                             BRT REALTY TRUST


                             By: (s)Simeon Brinberg
                                 ---------------------
                                 Simeon Brinberg, Secretary



Date:  October 13, 1999




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