EXHIBIT 23

CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby consent to the  incorporation by reference in Registration  Statements
333-22553,  33-27417,  33-32224  and  33-17829 on Forms S-8 of our report  dated
March 30, 1998  appearing on Page 12 of the Annual Report of AmBase  Corporation
on Form 10-K for the year ended December 31, 1997.




Price Waterhouse, L.L.P.
New York, New York
March 26, 1998