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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, 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