The Board of Directors
          AMREP Corporation



          We   consent  to  the  incorporation  by  reference  in   the
          registration statements (Nos. 33-09852,  33-19430,  33-40281,
          33-67114  and 33-67116) on Form S-8 of AMREP  Corporation  of
          our  report  dated  October 14, 1994,  with  respect  to  the
          balance  sheets of Fulfillment Corporation of America  as  of
          December  31,  1993 and 1992, and the related  statements  of
          operations,  stockholders' equity, and cash flows for each of
          the  years  in the two year period ended December  31,  1993,
          which  report appears in the Form 8-K/A of AMREP  Corporation
          dated March 27, 1995.

          Our report refers to a change in the method of accounting for
          income taxes in 1993 to adopt the provisions of the Financial
          Accounting  Standards Board's SFAS No.  109,  Accounting  for
          Income  Taxes.   Our  report  also  contains  an  explanatory
          paragraph  that states the Company has certain  environmental
          conditions existing at Company facilities,  some of which may
          require  remediation.   The ultimate cost of the  remediation
          could  not  be  determined,  accordingly,  no  provision  for
          liability was recorded in the financial statements.




                                        KPMG Peat Marwick LLP



          Columbus, Ohio
          March 27, 1995