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                                                                Exhibit No. 23.2

                         Consent of Independent Auditors

   
      We consent to the reference to our firm under the captions "Experts",
"CRIT Historical Financial Data", and "Selected Financial Data" in the
Registration Statement (Form S-4 No. 333-30307) and related Proxy
Statement/Prospectus of Lexington Corporate Properties, Inc. for the
registration of 1,496,959 shares of its common stock and to the incorporation by
reference therein of our report dated January 29, 1997, as amended, with respect
to the financial statements and schedule of Corporate Realty Income Trust I
included in its Form 10-K, as amended for the year ended December 31, 1996,
filed with the Securities and Exchange Commission.
    


                                       /s/ ERNST & YOUNG LLP
                                       -----------------------------------
                                       ERNST & YOUNG LLP

New York, New York

   
November 24, 1997