EXHIBIT 23.1 Consent of Independent Auditors We consent to the incorporation by reference in this Current Report (Form 8-K) of Kimco Realty Corporation of our report dated January 22, 1997, with respect to the consolidated financial statements of The Price REIT, Inc. included in its Annual Report on Form 10-K for the year ended December 31, 1996, filed with the Securities and Exchange Commission. /s/ Ernst & Young LLP San Diego, California January 28, 1997