The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AT&T Inc COM 00206R102 1,721 45,618 SH   SOLE 0 0 0 45,618
Abbott Laboratories COM 002824100 412 8,476 SH   SOLE 0 0 0 8,476
Abbvie Inc COM 00287Y109 1,493 20,585 SH   SOLE 0 0 0 20,585
AETNA INC NEW COM 00817Y108 959 6,316 SH   SOLE 0 0 0 6,316
Alibaba Group Hldg Lim COM 01609W102 1,431 10,154 SH   SOLE 0 0 0 10,154
Alphabet, Inc. Cl A COM 02079K305 345 371 SH   SOLE 0 0 0 371
Altria Group, Inc. COM 02209S103 204 2,739 SH   SOLE 0 0 0 2,739
Amazon Com Inc COM 023135106 1,797 1,856 SH   SOLE 0 0 0 1,856
American Expresss Company COM 025816109 415 4,926 SH   SOLE 0 0 0 4,926
American Tower Corp. COM 03027X100 1,204 9,099 SH   SOLE 0 0 0 9,099
Amgen Inc. COM 031162100 2,329 13,522 SH   SOLE 0 0 0 13,522
Apple Computer COM 037833100 4,476 31,082 SH   SOLE 0 0 0 31,082
Applied Materials, Inc. COM 038222105 756 18,303 SH   SOLE 0 0 0 18,303
BP p.l.c. ADR COM 055622104 344 9,919 SH   SOLE 0 0 0 9,919
BRT Realty Trust COM 055645303 681 86,681 SH   SOLE 0 0 0 86,681
Bank of America Corp. COM 060505104 1,425 58,755 SH   SOLE 0 0 0 58,755
Arcos Dorados Holdings, Inc. COM 061830626 304 40,852 SH   SOLE 0 0 0 40,852
Bank of New York Mellon Corporation COM 064058100 1,616 31,683 SH   SOLE 0 0 0 31,683
Berkshire Hathaway Cl B COM 084670702 1,133 6,691 SH   SOLE 0 0 0 6,691
Boeing Company COM 097023105 867 4,383 SH   SOLE 0 0 0 4,383
Bristol Myers Company COM 110122108 3,171 56,910 SH   SOLE 0 0 0 56,910
Brown Forman Cl A Vtg COM 115637100 296 6,000 SH   SOLE 0 0 0 6,000
Brown Forman Corp Cl B COM 115637209 521 10,724 SH   SOLE 0 0 0 10,724
Buckeye Partners, L.P. COM 118230101 214 3,350 SH   SOLE 0 0 0 3,350
CME Group, Inc. COM 12572Q105 376 3,000 SH   SOLE 0 0 0 3,000
C S X Corp COM 126408103 569 10,427 SH   SOLE 0 0 0 10,427
CVS Health Corp. COM 126650100 827 10,272 SH   SOLE 0 0 0 10,272
Celgene Corp COM 151020104 534 4,113 SH   SOLE 0 0 0 4,113
Chevrontexaco Corp. COM 166764100 552 5,295 SH   SOLE 0 0 0 5,295
Cisco Systems Inc COM 17275R102 1,548 49,457 SH   SOLE 0 0 0 49,457
Citigroup Inc COM 172967424 1,312 19,618 SH   SOLE 0 0 0 19,618
Coca-Cola Company COM 191216100 989 22,059 SH   SOLE 0 0 0 22,059
Colgate-Palmolive Co COM 194162103 392 5,288 SH   SOLE 0 0 0 5,288
Comstock Resources, Inc. COM 205768302 91 12,930 SH   SOLE 0 0 0 12,930
Consolidated Edison, Inc. COM 209115104 398 4,929 SH   SOLE 0 0 0 4,929
DELTA AIR LINES INC DEL COM NEW 247361702 1,096 20,385 SH   SOLE 0 0 0 20,385
Differential Brands Group, Inc. COM 25374L108 37 19,593 SH   SOLE 0 0 0 19,593
Disney Walt Co COM 254687106 1,762 16,585 SH   SOLE 0 0 0 16,585
Discover Financial Services COM 254709108 650 10,445 SH   SOLE 0 0 0 10,445
Du Pont E I De Nemour & Co COM 263534109 304 3,768 SH   SOLE 0 0 0 3,768
EQT Corp. COM 26884L109 295 5,040 SH   SOLE 0 0 0 5,040
Ecolab, Inc. COM 278865100 319 2,400 SH   SOLE 0 0 0 2,400
Ellsworth Growth and Income Fund Ltd. COM 289074106 868 94,706 SH   SOLE 0 0 0 94,706
Extra Space Storage, Inc. COM 30225Y102 751 9,630 SH   SOLE 0 0 0 9,630
Exxon Mobil Corporation COM 30231G102 4,531 56,131 SH   SOLE 0 0 0 56,131
FACEBOOK INC CL A 30303M102 2,035 13,477 SH   SOLE 0 0 0 13,477
General Electric Co. COM 369604103 2,653 98,219 SH   SOLE 0 0 0 98,219
General Motors Corp COM 37045V900 295 8,450 SH   SOLE 0 0 0 8,450
GERON CORP COM 374163103 33 11,893 SH   SOLE 0 0 0 11,893
Gilead Sciences Inc COM 375558AN3 285 4,030 SH   SOLE 0 0 0 4,030
Google Inc Class C COM 38259P508 1,500 1,651 SH   SOLE 0 0 0 1,651
Hewlett-Packard Company COM 428236103 303 17,319 SH   SOLE 0 0 0 17,319
Intel Corp COM 458140100 954 28,269 SH   SOLE 0 0 0 28,269
Intl Business Machines COM 459200101 2,911 18,924 SH   SOLE 0 0 0 18,924
Investors Bancorp Inc COM 46146P102 571 42,709 SH   SOLE 0 0 0 42,709
iShares PHLX Semiconductor ETF COM 464287523 560 3,994 SH   SOLE 0 0 0 3,994
ISHARES TR RUSSELL 2000 ETF 464287655 222 1,573 SH   SOLE 0 0 0 1,573
iShares MSCI All Country Asia ex Japan ETF COM 464288182 552 8,180 SH   SOLE 0 0 0 8,180
J P Morgan Chase & Co COM 46625H900 3,627 39,688 SH   SOLE 0 0 0 39,688
Johnson & Johnson COM 478160104 2,685 20,297 SH   SOLE 0 0 0 20,297
Johnson Controls Inc COM 478366107 271 6,252 SH   SOLE 0 0 0 6,252
Lam Research Corp. COM 512807108 663 4,689 SH   SOLE 0 0 0 4,689
Leidos Holdings, Inc. COM 525327102 816 15,782 SH   SOLE 0 0 0 15,782
Lilly Eli & Co COM 532457108 1,387 16,848 SH   SOLE 0 0 0 16,848
Lockheed Martin Corp COM 539830109 1,627 5,860 SH   SOLE 0 0 0 5,860
M&T Bank Corp. COM 55261F104 275 1,700 SH   SOLE 0 0 0 1,700
VanEck Vectors Gold Miners ETF COM 57060U100 299 13,545 SH   SOLE 0 0 0 13,545
Marsh & McLennan Companies Inc COM 571748102 504 6,462 SH   SOLE 0 0 0 6,462
McDonalds Corp COM 580135101 1,249 8,154 SH   SOLE 0 0 0 8,154
Medtronic Inc COM 585055106 900 10,138 SH   SOLE 0 0 0 10,138
Merck & Co Inc COM 58933Y105 2,818 43,964 SH   SOLE 0 0 0 43,964
METLIFE INC COM 59156R108 1,226 22,319 SH   SOLE 0 0 0 22,319
Microsoft Corp COM 594918104 3,493 50,678 SH   SOLE 0 0 0 50,678
Micron Technology, Inc. COM 595112103 990 33,142 SH   SOLE 0 0 0 33,142
Morgan Stanley China A Share Fund COM 617468103 14,602 652,756 SH   SOLE 0 0 0 652,756
NetEase, Inc. ADR COM 64110W102 729 2,425 SH   SOLE 0 0 0 2,425
Nike Inc Class B COM 654106103 230 3,902 SH   SOLE 0 0 0 3,902
NVIDIA Corp. COM 67066G104 289 2,000 SH   SOLE 0 0 0 2,000
Nuveen Mortgage Opportunity COM 670735109 3,096 120,904 SH   SOLE 0 0 0 120,904
Nuveen Mortgage Opportunity COM 67074R100 718 29,227 SH   SOLE 0 0 0 29,227
One Liberty Properties, Inc. COM 682406103 4,683 199,853 SH   SOLE 0 0 0 199,853
Oracle Corporation COM 68389X105 571 11,386 SH   SOLE 0 0 0 11,386
Pepsico Inc COM 713448108 5,241 45,377 SH   SOLE 0 0 0 45,377
Pfizer, Inc. COM 717081103 3,603 107,278 SH   SOLE 0 0 0 107,278
PIMCO Enhanced Short Maturity Active COM 72201R833 5,973 58,723 SH   SOLE 0 0 0 58,723
Procter & Gamble Co COM 742718109 1,214 13,928 SH   SOLE 0 0 0 13,928
ProShares Short 20 Year Treasury ETF COM 74347X849 311 13,825 SH   SOLE 0 0 0 13,825
Realty Income Corp. COM 756109104 681 12,338 SH   SOLE 0 0 0 12,338
Rockwell Collins, Inc. COM 774341101 584 5,559 SH   SOLE 0 0 0 5,559
S&P Global, Inc. COM 78409V104 1,309 8,965 SH   SOLE 0 0 0 8,965
S&P Depos Rcpts COM 78462F103 604 2,496 SH   SOLE 0 0 0 2,496
SPDR STOXX Europe 50 ETF COM 78463X103 411 12,114 SH   SOLE 0 0 0 12,114
SPDR Nuveen Barclays Short Term Municipal Bond ETF COM 78464A425 204 4,197 SH   SOLE 0 0 0 4,197
SPDR DoubleLine Total Return Tactical ETF COM 78467V848 217 4,401 SH   SOLE 0 0 0 4,401
SPDR Dow Jones Industrial Average ETF COM 78467X109 349 1,635 SH   SOLE 0 0 0 1,635
Schlumberger Ltd F COM 806857108 240 3,643 SH   SOLE 0 0 0 3,643
SCHWAB STRATEGIC TR US LRG CAP ETF 808524201 207 3,587 SH   SOLE 0 0 0 3,587
Schwab Fundamental International Large Company Index ETF COM 808524755 254 9,064 SH   SOLE 0 0 0 9,064
Schwab International Small-Cap Equity ETF COM 808524888 249 7,394 SH   SOLE 0 0 0 7,394
SPDR Materials Select Sector ETF ETF 81369Y100 1,021 18,978 SH   SOLE 0 0 0 18,978
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 3,103 39,158 SH   SOLE 0 0 0 39,158
SPDR Consumer Staples Select Sector ETF 81369Y308 1,655 30,123 SH   SOLE 0 0 0 30,123
SPDR Consumer Discretionary Select Sector ETF 81369Y407 1,580 17,628 SH   SOLE 0 0 0 17,628
SPDR Financial Select Sector ETF 81369Y605 2,197 89,042 SH   SOLE 0 0 0 89,042
SPDR Utilities Select Sector ETF COM 81369Y886 241 4,630 SH   SOLE 0 0 0 4,630
Shire plc ADR COM 82481R106 576 3,487 SH   SOLE 0 0 0 3,487
Simon Property Group, Inc. COM 828806109 721 4,456 SH   SOLE 0 0 0 4,456
SIRIUS XM HLDGS INC COM 82968B103 112 20,392 SH   SOLE 0 0 0 20,392
Southern Co. COM 842587107 208 4,340 SH   SOLE 0 0 0 4,340
Southwest Airlines Co. COM 844741108 896 14,413 SH   SOLE 0 0 0 14,413
Starbucks Corp COM 855244109 226 3,880 SH   SOLE 0 0 0 3,880
Sysco Corp COM 871829107 287 5,700 SH   SOLE 0 0 0 5,700
Taiwan Semiconductor Manufacturing Co. Ltd COM 874039100 259 7,412 SH   SOLE 0 0 0 7,412
Talon International, Inc. COM 87484F108 4 40,250 SH   SOLE 0 0 0 40,250
3M Company COM 88579Y101 1,304 6,264 SH   SOLE 0 0 0 6,264
Time Warner Inc New COM 887317303 984 9,795 SH   SOLE 0 0 0 9,795
Toyota Motor Corp. ADR COM 892331307 828 7,888 SH   SOLE 0 0 0 7,888
Travelers Companies, Inc. COM 89417E109 338 2,673 SH   SOLE 0 0 0 2,673
US Bancorp Com (New) COM 902973304 791 15,230 SH   SOLE 0 0 0 15,230
Union Pacific Corp Commo COM 907818108 507 4,654 SH   SOLE 0 0 0 4,654
United Parcel Svc Inc Cl B COM 911312106 1,562 14,123 SH   SOLE 0 0 0 14,123
Unitek Global Services, Inc. COM 911363109 864 7,663 SH   SOLE 0 0 0 7,663
United Tech Corp COM 913017109 301 2,466 SH   SOLE 0 0 0 2,466
United Healthcare Corp COM 91324P102 549 2,963 SH   SOLE 0 0 0 2,963
Universal Health Realty Income Trust COM 91359E105 1,868 23,486 SH   SOLE 0 0 0 23,486
Urban Edge Properties COM 91704F104 489 20,598 SH   SOLE 0 0 0 20,598
Vanguard Energy ETF ETF 92204A306 1,309 14,791 SH   SOLE 0 0 0 14,791
Vanguard Health Care ETF ETF 92204A504 666 4,519 SH   SOLE 0 0 0 4,519
Verizon Communications COM 92343V104 1,552 34,761 SH   SOLE 0 0 0 34,761
Visa Inc. COM 92826C839 637 6,794 SH   SOLE 0 0 0 6,794
VMware, Inc. COM 928563402 473 5,405 SH   SOLE 0 0 0 5,405
Wal-Mart Stores Inc COM 931142103 1,297 17,132 SH   SOLE 0 0 0 17,132
Wells Fargo & Co New COM 949746101 949 17,121 SH   SOLE 0 0 0 17,121
Western Digital Corp. COM 958102105 635 7,170 SH   SOLE 0 0 0 7,170
WILLIAMS COS INC DEL COM 969457100 764 25,228 SH   SOLE 0 0 0 25,228
XEROX CORP COM 984121103 238 8,297 SH   SOLE 0 0 0 8,297
Yum Brands Inc. COM 988498101 720 9,762 SH   SOLE 0 0 0 9,762
Yum China Holdings, Inc. COM 98850P109 385 9,762 SH   SOLE 0 0 0 9,762
Zimmer Biomet Holdings, Inc. COM 98956P102 654 5,094 SH   SOLE 0 0 0 5,094
Delphi Automotive plc COM G27823106 1,526 17,408 SH   SOLE 0 0 0 17,408
Chubb Ltd COM H1467J104 1,786 12,284 SH   SOLE 0 0 0 12,284