EXHIBIT 23









                          INDEPENDENT AUDITOR'S CONSENT



We consent to the incorporation by reference into AMREP Corporation's previously
filed  Registration  Statements  on Form S-8 Nos.  33-67114 and 333-17695 of our
report,  dated June 14, 2002,  appearing  in this Annual  Report on Form 10-K of
AMREP Corporation for the year ended April 30, 2002.





/s/McGladrey & Pullen, LLP

Davenport, Iowa
July 26, 2002