Page 1 ALL-STATE PROPERTIES L.P. (A LIMITED PARTNERSHIP) FINANCIAL DATA SCHEDULE THREE MONTHS ENDED SEPTEMBER 30, 1996 (UNAUDITED) EXHIBIT 27 Cash $ 8,423 Receivables 2,930 Real Estate and Construction in Progress 105,635 Total Assets 121,833 Notes Payable 528,886 Convertible Subordinated Debentures 2,384,452 Partners' Deficit (3,846,590) Total Liabilities and Partners' Deficit 121,833 Net Sales of Real Estate 175,000 Total Revenues 157,205 Cost of Real Estate Sold 108,419 Total Cost and Expenses 149,700 Net Income 7,505 Income Per Partnership Unit 0.00 See notes to financial statements. Page 2 SIGNATURES Pursuant to the requirement of the Securities Exchange Act of 1934, Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ALL-STATE PROPERTIES L.P. By: STANLEY R. ROSENTHAL General Partner Dated: November 14, 1996 ______________________