Gould affiliates report roughly 26% BRT (NYSE: BRT) ownership in Schedule 13D

Rhea-AI Filing Summary

Gould Investors L.P. and related insiders report significant ownership in BRT Apartments Corp. common stock. Gould Investors L.P. beneficially owns 4,249,693 shares, or 22.7% of the company’s common stock, based on 18,761,937 shares outstanding as of June 30, 2026.

Jeffrey A. Gould reports beneficial ownership of 4,871,875 shares, or 25.9% of the class, and Matthew J. Gould reports 4,876,176 shares, or 26.0%, each including 23,625 shares potentially issuable from restricted stock units scheduled to vest on June 30, 2026 if performance conditions are met. The reporting persons hold their positions for investment and may buy or sell additional shares over time, including through BRT’s dividend reinvestment plan and equity incentive awards, but state they currently have no specific plans for corporate control or restructuring actions.

Insights

Equity ownership and governance analyst

Gould affiliates disclose a roughly one-quarter stake in BRT held for investment, with flexibility to adjust.

Gould Investors L.P., together with Matthew and Jeffrey Gould, reports beneficial ownership of roughly one quarter of BRT Apartments Corp. common stock, with individual reported stakes around 25.9%–26.0%. This makes them key shareholders with substantial influence on voting outcomes.

The filing describes the position as held for investment, not tied to any stated plan for mergers, asset sales, board changes or other transformative actions. It notes that future purchases or sales may occur through open-market trades, the dividend reinvestment plan and equity incentive awards, and that some ownership includes restricted stock units scheduled to vest on June 30, 2026 if performance conditions are met.

Because no new control-related intentions or large recent trades are disclosed, this functions mainly as a transparency update on an existing concentrated holding rather than a clear catalyst. Subsequent company filings would be the place where any change in strategy, ownership level or governance intentions is described if it occurs.

Key Figures

Gould Investors stake: 4,249,693 shares (22.7%) Jeffrey Gould stake: 4,871,875 shares (25.9%) Matthew Gould stake: 4,876,176 shares (26.0%) +4 more

7 metrics

Gould Investors stake 4,249,693 shares (22.7%) Beneficially owned by Gould Investors L.P.; based on 18,761,937 shares outstanding as of June 30, 2026

Jeffrey Gould stake 4,871,875 shares (25.9%) Beneficial ownership including 23,625 RSU shares; based on 18,785,562 shares outstanding as of June 30, 2026

Matthew Gould stake 4,876,176 shares (26.0%) Beneficial ownership including 23,625 RSU shares; based on 18,785,562 shares outstanding as of June 30, 2026

BRT shares outstanding 18,761,937 shares Common stock outstanding as of June 30, 2026, basis for 22.7% figure

RSUs per Gould brother 23,625 shares Restricted stock units scheduled to vest on June 30, 2026, subject to performance conditions

Shared voting power (Jeffrey Gould) 4,307,422 shares Shares over which Jeffrey Gould reports shared voting and dispositive power

Shared voting power (Matthew Gould) 4,328,296 shares Shares over which Matthew Gould reports shared voting and dispositive power

Key Terms

beneficially owned, restricted stock units, Schedule 13D, dividend reinvestment plan, +2 more

6 terms

beneficially owned financial

"11Aggregate amount beneficially owned by each reporting person 4,249,693.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

restricted stock units financial

"include 23,625 shares potentially issuable pursuant to restricted stock units ("RSUs") scheduled to vest"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Schedule 13D regulatory

"This Schedule is filed by Gould Investors L.P., a Delaware limited partnership"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

dividend reinvestment plan financial

"through open market (including pursuant to the Issuer's dividend reinvestment plan (the "DRIP"))"

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

working capital financial

"The Partnership acquired the shares of common stock of the Issuer ... through the use of its working capital."

Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.

dispositive power financial

"Sole Dispositive Power 4,249,693.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

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Available on EDGAR 07/02/2026 - 04:46 PM Accepted by SEC EDGAR 07/02/2026 - 04:45 PM Learn about SEC filing dates

FAQ

How much of BRT Apartments Corp. does Gould Investors L.P. own?

Gould Investors L.P. beneficially owns 4,249,693 shares of BRT Apartments Corp. common stock, representing 22.7% of the class based on 18,761,937 shares outstanding as of June 30, 2026, giving it substantial influence as a major shareholder.

What is Jeffrey A. Gould’s beneficial ownership in BRT (BRT)?

Jeffrey A. Gould reports beneficial ownership of 4,871,875 shares of BRT, equal to 25.9% of the common stock. This figure includes 23,625 restricted stock units scheduled to vest on June 30, 2026, subject to performance-based compensation committee approval.

What is Matthew J. Gould’s beneficial ownership in BRT (BRT)?

Matthew J. Gould reports beneficial ownership of 4,876,176 shares, or 26.0% of BRT’s common stock. His reported holdings also include 23,625 restricted stock units scheduled to vest on June 30, 2026, if the issuer’s compensation committee confirms the required performance metrics.

How were the BRT shares acquired by the Gould reporting persons?

The partnership acquired its BRT shares over time using working capital. Matthew and Jeffrey Gould acquired shares through equity incentive plans, personal funds and gifts or transfers for no consideration, reflecting a mix of compensation-based and investment-driven accumulation.

Do the Gould reporting persons plan to change control of BRT (BRT)?

The reporting persons state they hold BRT shares for investment purposes. They may buy or sell more shares over time, but aside from these investment activities, they currently describe no specific plans for mergers, restructurings, or other control-related corporate actions.

What role do restricted stock units play in BRT ownership figures?

Each of Matthew and Jeffrey Gould includes 23,625 shares potentially issuable from restricted stock units in their reported holdings. These RSUs are scheduled to vest on June 30, 2026, only if BRT’s compensation committee determines that the required performance metrics have been met.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

BRT Apartments Corp.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

055645303

(CUSIP Number)

Isaac Kalish
60 Cutter Mill Road, Suite 303
Great Neck, NY, 11021
516-466-3100

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

06/30/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on 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).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 055645303

1

Name of reporting person

GOULD INVESTORS L P

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 4,249,693.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 4,249,693.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

4,249,693.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

22.7 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

(1)The managing general partner of Gould Investors L.P. (the Partnership) is Georgetown Partners LLC (Georgetown), a Delaware limited liability company. Matthew J. Gould and Jeffrey A. Gould indirectly control Georgetown. Messrs. M. Gould, J. Gould and the Partnership may be deemed to share voting power and dispositive power with respect to the shares owned by the Partnership. (2)The percent of class set forth in row 13 above is based on 18,761,937 shares of common stock outstanding as of June 30, 2026.

SCHEDULE 13D

CUSIP Number(s): 055645303

1

Name of reporting person

GOULD JEFFREY

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 564,453.00
8	Shared Voting Power 4,307,422.00
9	Sole Dispositive Power 564,453.00
10	Shared Dispositive Power 4,307,422.00

11

Aggregate amount beneficially owned by each reporting person

4,871,875.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

25.9 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

(1)The amounts set forth in rows 7, 9 and 11 above include 23,625 shares potentially issuable pursuant to restricted stock units ("RSUs") scheduled to vest on June 30, 2026, subject to a determination by the Issuer's compensation committee that the metrics applicable to the vesting of such awards has been satisfied. (2)The amounts set forth in rows 8, 10 and 11 above include 25,825 shares owned by the Gould Shenfeld Family Foundation, 31,903 shares owned by 130 Store Company LLC, 1 share owned by the Gould Family Trust and 4,249,693 shares owned by the Partnership. (3)The percent of class set forth in row 13 above is based on 18,785,562 shares of common stock outstanding as of June 30, 2026 (including up to 23,625 shares potentially issuable pursuant to the RSUs).

SCHEDULE 13D

CUSIP Number(s): 055645303

1

Name of reporting person

GOULD MATTHEW J

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 547,880.00
8	Shared Voting Power 4,328,296.00
9	Sole Dispositive Power 547,880.00
10	Shared Dispositive Power 4,328,296.00

11

Aggregate amount beneficially owned by each reporting person

4,876,176.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

26.0 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

(1)The amounts set forth in rows 7, 9 and 11 above include 23,625 shares potentially issuable pursuant to restricted stock units ("RSUs") scheduled to vest on June 30, 2026, subject to a determination by the Issuer's compensation committee that the metrics applicable to the vesting of such awards has been satisfied. (2)The amounts set forth in rows 8, 10 and 11 above, includes 20,874 shares owned by a pension trust, 25,825 shares owned by the Gould Shenfeld Family Foundation, 31,903 shares owned by 130 Store Company LLC, 1 share owned by the Gould Family Trust and 4,249,693 shares owned by the Partnership. (3)The percent of class set forth in row 13 above is based on 18,785,562 shares of common stock outstanding as of June 30, 2026 (including up to 23,625 shares potentially issuable pursuant to the RSUs).

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: BRT Apartments Corp.
(c)	Address of Issuer's Principal Executive Offices: 60 CUTTER MILL RD, SUITE 303, GREAT NECK, NEW YORK , 11021-3190.
Item 1 Comment: The date indicated on the cover page of this schedule is not indicative of the date of the event requiring this filing.
Item 2.	Identity and Background
(a)	This Schedule is filed by Gould Investors L.P., a Delaware limited partnership (the "Partnership"), Matthew J. Gould and Jeffrey A. Gould (each, a "Reporting Person" and collectively, the "Reporting Persons"). Georgetown Partners LLC ("Georgetown"), a Delaware limited liability company, is the managing general partner of the Partnership. Matthew J. Gould and Jeffrey A. Gould, through one or more entities, control Georgetown.
(b)	The address for each Reporting Person is: 60 Cutter Mill Road, Suite 303, Great Neck, New York 11021.
(c)	The Partnership owns and operates a diverse portfolio of real estate and other assets. Matthew J. Gould serves, among other things, as Senior Vice President and Director of the Issuer, Chairman of the Board of Directors of One Liberty Properties, Inc. ("OLP") and, together with Jeffrey A. Gould, indirectly controls Georgetown. Jeffrey A. Gould serves as President, Chief Executive Officer and Director of the Issuer, as a Senior Vice President and Director of OLP and, together with Matthew J. Gould, indirectly controls Georgetown. The address for each of OLP and Georgetown is 60 Cutter Mill Road, Suite 303, Great Neck, NY 11021.
(d)	During the past five years, none of the Reporting Persons was convicted in a criminal proceeding.
(e)	During the past five years, none of the Reporting Persons was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to federal or state securities laws or finding any violation with respect to such laws.
(f)	The Partnership is a Delaware limited partnership. Messrs. M. Gould and J. Gould are United States citizens.
Item 3.	Source and Amount of Funds or Other Consideration
	The Partnership acquired the shares of common stock of the Issuer (the "Shares") from time-to-time through the use of its working capital. Messrs. M. Gould and J. Gould acquired the Shares from time-to-time through the Issuer's equity incentive plans, personal funds and gifts (including transfers for which no consideration was paid).
Item 4.	Purpose of Transaction
	The Reporting Persons hold the shares of the Issuer's common stock ( the "Shares") for investment purposes. Each of them, subject to market conditions and their respective assessments of prospects of the Issuer, may acquire additional Shares from time to time, through open market (including pursuant to the Issuer's dividend reinvestment plan (the "DRIP")) and/or privately negotiated transactions, as they each may determine in their discretion. Each of Messrs. M. Gould and J. Gould may acquire additional Shares through equity awards pursuant to the Company's incentive plans, in each case subject to the applicable transfer and ownership restrictions in such plans and the Issuer's governing documents. Each of the Reporting Persons may also determine at any time to dispose of Shares. Other than as discussed above, none of the Reporting Persons currently have any plans to effect any of the transactions required to be described in Item 4 of Schedule 13D.
Item 5.	Interest in Securities of the Issuer
(a)	The responses of the Reporting Persons with respect to Rows 7 through 13 of the respective cover pages of the applicable Reporting Person to this Statement, including the footnotes thereto, are incorporated herein by reference. Includes for each of Matthew J. Gould and Jeffrey A. Gould, 23,625 shares potentially issuable pursuant to restricted stock units (the "RSU Shares") scheduled to vest as of June 30, 2026 subject to the determination by the Issuer's compensation committee that the applicable metrics related to the vesting of such awards have been satisfied.
(b)	See Item 5(a).
(c)	See Item 5(a). Other than the RSU Shares and Shares potentially issuable pursuant to the DRIP (pursuant to a dividend declared in June 2026 which shares, if any, may be issued in July 2026 (the number of shares potentially issuable pursuant to the DRIP and the price therefore is currently not known)), no Reporting Person has effected any transaction in the Issuer's common stock during the past 60 days.
(d)	Not applicable.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Jeffrey A. Gould and Matthew J. Gould are brothers and indirectly control Georgetown, which is the managing general partner of the Partnership.
Item 7.	Material to be Filed as Exhibits.
	Not applicable.

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.

GOULD INVESTORS L P

Signature:	/s/ Matthew J. Gould
Name/Title:	Matthew J. Gould, Manager
Date:	07/01/2026

GOULD JEFFREY

Signature:	/s/ Jeffrey A. Gould
Name/Title:	Jeffrey A. Gould
Date:	07/01/2026

GOULD MATTHEW J

Signature:	/s/ Matthew J. Gould
Name/Title:	Matthew J. Gould
Date:	07/01/2026