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                                                                 EXHIBIT 8.3




                 [FELDMAN FINANCIAL ADVISORS, INC. LETTERHEAD]





December 22, 1997



Board of Directors
Atlantic Liberty Savings, F.A.
186 Montague Street
Brooklyn, New York  11201

Gentlemen:

It is the opinion of Feldman Financial Advisors, Inc., that the subscription
rights to be received by the eligible account holders and other eligible
subscribers of Atlantic Liberty Savings, F.A. (the "Association"), pursuant to
the Plan of Reorganization adopted by the Board of Directors of the
Association, do not have any economic value at the time of distribution or at
the time the rights are exercised in the subscription offering.

Such opinion is based on the fact that the subscription rights are acquired by
the recipients without payment therefor, are nontransferable and of short
duration, and afford the recipients the right only to purchase shares of common
stock of Brooklyn Heights Bancorp, the holding company formed to acquire all of
the capital stock of the Association, at a price equal to its estimated
aggregate pro forma market value, which will be the same price at which any
unsubscribed shares will be sold in the community offering.

Sincerely,

/s/ FELDMAN FINANCIAL ADVISORS, INC.

FELDMAN FINANCIAL ADVISORS, INC.