<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
KNICKERBOCKER VILLAGE INC. AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<CASH> 767,231
<SECURITIES> 0
<RECEIVABLES> 409,993
<ALLOWANCES> 308,000
<INVENTORY> 0
<CURRENT-ASSETS> 1,874,875
<PP&E> 7,888,223
<DEPRECIATION> 219,019
<TOTAL-ASSETS> 11,196,764
<CURRENT-LIABILITIES> 2,763,496
<BONDS> 5,917,842
0
0
<COMMON> 317,048
<OTHER-SE> 1,523,532
<TOTAL-LIABILITY-AND-EQUITY> 11,196,764
<SALES> 5,384,575
<TOTAL-REVENUES> 5,405,385
<CGS> 0
<TOTAL-COSTS> 5,324,332
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 268,590
<INCOME-PRETAX> 81,053
<INCOME-TAX> 47,000
<INCOME-CONTINUING> 34,053
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 34,053
<EPS-BASIC> 0.23
<EPS-DILUTED> 0
</TABLE>