<ARTICLE>                                                      5
    <LEGEND>
    This schedule contains summary financial information
    extracted from unaudited financial statements for the
    three month period ending March 31, 1996 and is
    qualified in its entirety by reference to such financial
    statements
    </LEGEND>
    <CIK>                                               0000813812
    <NAME>            Riverside Park Associates LP 
    <MULTIPLIER>                                                   1
    <CURRENCY>                              U.S. Dollars
           
                                         
    <PERIOD-TYPE>                           3-MOS
    <FISCAL-YEAR-END>                       DEC-31-1996
    <PERIOD-START>                          JAN-01-1996
    <PERIOD-END>                            MAR-31-1996
    <EXCHANGE-RATE>                                                1
    <CASH>                                                 1,999,741        
    <SECURITIES>                                                   0
    <RECEIVABLES>                                                  0
    <ALLOWANCES>                                                   0
    <INVENTORY>                                                    0
    <CURRENT-ASSETS>                                       1,971,247
    <PP&E>                                                72,102,794         
    <DEPRECIATION>                                        26,795,564
    <TOTAL-ASSETS>                                        49,278,218
    <CURRENT-LIABILITIES>                                 39,246,520
    <BONDS>                                                        0
    <COMMON>                                                       0
    <PREFERRED-MANDATORY>                                          0
    <PREFERRED>                                                    0
    <OTHER-SE>                                            10,031,698
    <TOTAL-LIABILITY-AND-EQUITY>                          49,278,218
    <SALES>                                                        0
    <TOTAL-REVENUES>                                       2,695,253        
    <CGS>                                                          0
    <TOTAL-COSTS>                                          2,883,591       
    <OTHER-EXPENSES>                                         795,122       
    <LOSS-PROVISION>                                               0
    <INTEREST-EXPENSE>                                       946,898      
    <INCOME-PRETAX>                                         (340,114)        
    <INCOME-TAX>                                                   0
    <INCOME-CONTINUING>                                     (340,114) 
    <DISCONTINUED>                                                 0
    <EXTRAORDINARY>                                                0
    <CHANGES>                                                      0
    <NET-INCOME>                                            (340,114) 
    <EPS-PRIMARY>                                              00.00 
    <EPS-DILUTED>                                              00.00