EXHIBIT 23

CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby consent to the  incorporation by reference in Registration  Statements
33-27417,  33-32224 and  33-17829 on Forms S-8 of our report dated  February 20,
1997  appearing on Page 11 of the Annual  Report of AmBase  Corporation  on Form
10-K for the year ended December 31, 1996.




Price Waterhouse, L.L.P.
New York, New York
February 20, 1997