<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 MARCH 31, 1997 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>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<EXCHANGE-RATE>                                      1
<CASH>                                             793
<SECURITIES>                                         0
<RECEIVABLES>                                    2,578
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                         283,910
<DEPRECIATION>                                  42,551
<TOTAL-ASSETS>                                 274,486
<CURRENT-LIABILITIES>                                0
<BONDS>                                        104,676
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            69
<OTHER-SE>                                     100,010
<TOTAL-LIABILITY-AND-EQUITY>                   274,486
<SALES>                                              0
<TOTAL-REVENUES>                                13,842
<CGS>                                                0
<TOTAL-COSTS>                                    9,647
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               2,354
<INCOME-PRETAX>                                  1,841
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              1,269
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,269
<EPS-PRIMARY>                                      .20
<EPS-DILUTED>                                      .20