<ARTICLE> 5
<LEGEND>
THIS RESTATED  FINANCIAL DATA SCHEDULE  CONTAINS SUMMARY  FINANCIAL  INFORMATION
EXTRACTED  FROM  HOME  PROPERTIES  OF  NEW  YORK,  INC.'S  FINANCIAL  STATEMENTS
CONTAINED IN ITS  SEPTEMBER  30, 1996 FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY
BY  REFERENCE  TO SUCH  FINANCIAL  STATEMENTS.  RESTATED TO REFLECT  ADOPTION OF
STATEMENT OF FINANCIAL ACCOUNTING STANDARDS NO. 128, "EARNINGS PER SHARE".
</LEGEND>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               SEP-30-1996
<EXCHANGE-RATE>                                      1
<CASH>                                           1,260
<SECURITIES>                                         0
<RECEIVABLES>                                    3,808
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                         238,878
<DEPRECIATION>                                  37,987
<TOTAL-ASSETS>                                 226,566
<CURRENT-LIABILITIES>                                0
<BONDS>                                        110,527
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            58
<OTHER-SE>                                      80,229
<TOTAL-LIABILITY-AND-EQUITY>                   226,566
<SALES>                                              0
<TOTAL-REVENUES>                                33,062
<CGS>                                                0
<TOTAL-COSTS>                                   23,064
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               6,440
<INCOME-PRETAX>                                  3,558
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              2,932
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     2,932
<EPS-PRIMARY>                                      .53
<EPS-DILUTED>                                      .53