CHASE MANHATTAN CORP
SC 13G/A, 1996-02-13
NATIONAL COMMERCIAL BANKS
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                        SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, D.C.  20549
                                   SCHEDULE 13G/A
                               INFORMATION STATEMENT
                         PURSUANT TO RULES 13D-1 AND 13D-2
                     UNDER THE SECURITIES EXCHANGE ACT OF 1934

                             (AMENDMENT NO. _____1_____)


NAME OF ISSUER:   Home Properties of New York, Inc.


TITLE OF CLASS OF SECURITIES: Common Stock, $.01 par value


CUSIP NO.    437306103


Check the following box if a fee is being paid with this statement [ ]. 
(A fee is not required only if the filing person: (1) has a previous 
statement on file reporting beneficial ownership of more than five percent
of the class of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership of five percent
or less of such class.) (See Rule 13d-7).

* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities 
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).




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(1)  NAME OF REPORTING PERSON:       The Chase Manhattan Corporation

     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS:   13-2633613


(2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:  (A) []
                                                        (B) [x]

(3)  SEC USE ONLY


(4)  CITIZENSHIP OR PLACE OF ORGANIZATION:   Delaware

        NUMBER OF SHARES BENEFICIALLY
        OWNED BY EACH REPORTING PERSON WITH:

		(5)  SOLE VOTING POWER:
		       38,500 Common Shares 

		(6)  SHARED VOTING POWER:
		       0      Common Shares

		(7)  SOLE DISPOSITIVE POWER:
	               0      Common Shares

		(8)  SHARED DISPOSITIVE POWER:
	              283,400 Common Shares 


(9)  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 
     REPORTING PERSON:
	              283,400 Common Shares


(10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES 
     CERTAIN SHARES:

			Not Applicable

(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

                                 5.268%

(12) TYPE OF REPORTING PERSON:       HC


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(1)  NAME OF REPORTING PERSON:       The Chase Manhattan Bank, N.A.

     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS:   13-2633612


(2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:  (A) []
                                                        (B) [x]

(3)  SEC USE ONLY


(4)   CITIZENSHIP OR PLACE OF ORGANIZATION:   United States

        NUMBER OF SHARES BENEFICIALLY
        OWNED BY EACH REPORTING PERSON WITH:

		(5)  SOLE VOTING POWER:
		       38,500 Common Shares 

		(6)  SHARED VOTING POWER:
		       0      Common Shares

		(7)  SOLE DISPOSITIVE POWER:
                       0      Common Shares

		(8)  SHARED DISPOSITIVE POWER:
	              283,400 Common Shares 


(9)  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 
     REPORTING PERSON:
	              283,400 Common Shares


(10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES 
     CERTAIN SHARES:
			Not Applicable

(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

                                 5.268%

(12) TYPE OF REPORTING PERSON:       BK


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                     SECURITIES AND EXCHANGE COMMISSION
                          WASHINGTON, D.C.  20549
                              SCHEDULE 13G/A
                     UNDER THE SECURITIES EXCHANGE 1934


FEE BEING PAID:          NO


ITEM 1 (a)   NAME OF ISSUER:     Home Properties of New York, Inc.

ITEM 1 (b)   ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
                                 850 Clinton Square
                                 Rochester, New York 14604


ITEM 2 (a)   NAME OF PERSON FILING: 
                                 The Chase Manhattan Corporation ("CMC")
                                 The Chase Manhattan Bank, N.A. ("CMB")

ITEM 2 (b)   ADDRESS OF PRINCIPAL BUSINESS OFFICE:
                                 1 Chase Manhattan Plaza
                                 New York, N.Y.  10081


ITEM 2 (c)   CITIZENSHIP:        Delaware (CMC)
				 United States (CMB)


ITEM 2 (d)   TITLE OF CLASS OF SECURITIES:
                                 Common Stock, $ .01 par value (the "Shares")


ITEM 2 (e)   CUSIP NO: 437306103 


ITEM 3       If this statement is filed pursuant to Rule 13d-1(b),
             or 13d-2(b), check whether the person filing are:

             This statement is not being filed pursuant to rule 13d-1(b)
             or 13d-2(b)


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ITEM 4 (a)   AMOUNT BENEFICIALLY OWNED:

             CMB is the beneficial owner of 283,400 Shares. By virtue of its 	
             ownership of all the outstanding common stock of CMB, CMC 	
             may be deemed to possess indirect beneficial ownership of all of 
             the Shares beneficially owned by CMB.

ITEM 4 (b)   PERCENT OF CLASS:
		
             CMB is the beneficial owner of 5.268% of the Shares. By virtue 	
             of its ownership of all the outstanding common stock of CMB, 	
             CMC may be deemed to possess indirect beneficial ownership 
             of all of the Shares beneficially owned by CMB.

ITEM 4 (c)   CMB has the power to vote as indicated below. By virtue 	
             of its ownership of all the outstanding common stock of CMB, 	
             CMC may be deemed to possess the same level of power to vote 
             indicated below.

		(i) SOLE POWER TO VOTE:       38,500  Common Shares

		(ii) SHARED POWER TO VOTE:     0      Common Shares

		(iii) SOLE POWER TO DISPOSE:   0      Common Shares

		(iv) SHARED POWER TO DISPOSE: 283,400 Common Shares 


ITEM 5       OWNERSHIP OF 5 PERCENT OR LESS OF A CLASS:
			NOT APPLICABLE


ITEM 6      OWNERSHIP OF MORE THAN 5 PERCENT ON BEHALF OF 
            ANOTHER PERSON:
			NOT APPLICABLE      


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ITEM 7      IDENTIFICATION AND CLASSIFICATION OF SUBSIDIARIES 
            WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE 
            PARENT HOLDING COMPANY:


	      The Chase Manhattan Bank, N.A.   - BANK


ITEM 8      IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF 
            THE GROUP:
		NOT APPLICABLE


ITEM 9      NOTICE OF DISSOLUTION OF GROUP:
		NOT APPLICABLE


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ITEM 10     CERTIFICATION:

BY SIGNING BELOW I CERTIFY THAT, TO THE BEST OF MY 
KNOWLEDGE AND BELIEF, THE SECURITIES REFERRED TO ABOVE 
WERE ACQUIRED IN THE ORDINARY COURSE OF BUSINESS AND 
WERE NOT ACQUIRED FOR THE PURPOSE OF AND DO NOT HAVE THE 
EFFECT OF CHANGING OR INFLUENCING THE CONTROL OF THE 
ISSUER OF SUCH SECURITIES AND WERE NOT ACQUIRED IN 
CONNECTION WITH OR AS A PARTICIPANT IN ANY TRANSACTION 
HAVING SUCH PURPOSE OR EFFECT.



SIGNATURE:  AFTER REASONABLE INQUIRY AND TO THE BEST OF 
MY KNOWLEDGE AND BELIEF, I CERTIFY THAT THE INFORMATION 
SET FORTH IN THIS STATEMENT IS TRUE, COMPLETE AND CORRECT.





                              The Chase Manhattan Corporation




                              BY: /s/ John V. Caulfield
                                  John V. Caulfield, Vice President






                              DATED: FEBRUARY 14, 1996                          


                              The Chase Manhattan Bank, N.A.




                              BY: /s/ John V. Caulfield
                                  John V. Caulfield, Vice President






                              DATED: FEBRUARY 14, 1996    



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