SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
SCHEDULE 13D
under the Securities Exchange Act of 1934
(Amendment No. 3)
_______________________
RIVERSIDE PARK ASSOCIATES LIMITED PARTNERSHIP
(Name of Issuer)
UNITS OF LIMITED PARTNERSHIP INTEREST
(Title of Class of Securities)
NONE
(CUSIP Number of Class
of Securities)
_______________________
Riverside Acquisition, L.P.
5 Cambridge Center
9th Floor
Cambridge, Massachusetts 02142
(617) 234-3000
_________________________________________________________________
__________
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 28, 1997
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition
which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-
1(b)(3) or (4), check the following box .(
Note: Six copies of this statement, including all exhibits,
should be filed with the
Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
*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 disclosures provided in
a prior cover page.
The information required on the remainder of this cover 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).( (
(continued on next page(s)) Page 1 of 6
_________________________________________________________________
____
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Riverside Acquisition, L.P.
I.R.S. I.D. No.
_________________________________________________________________
____
2. Check the Appropriate Box if a Member of a Group *
(a)
(b)
_________________________________________________________________
____
3. SEC Use Only
_________________________________________________________________
____
4. Sources of Funds *
_________________________________________________________________
____
5. Check Box if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(e) of 2(f)
_________________________________________________________________
____
6. Citizenship or Place of Organization
Delaware
_________________________________________________________________
____
Number 7. Sole Voting Power 200.58
of ______________________________________________
Shares 8. Shared Voting Power - 0 -
Beneficially ______________________________________________
Owned by Each 9. Sole Dispositive Power 200.58
Reporting ______________________________________________
Person With 10. Shared Dispositive Power - 0 -
_________________________________________________________________
____
11. Aggregate Amount Beneficially Owned by Each Reporting Person
200.58 Units
_________________________________________________________________
_
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares*
_________________________________________________________________
_
13. Percent of Class Represented by Amount in Row (11)
35.44%
_________________________________________________________________
_
14. Type of Reporting Person*
PN
_________________________________________________________________
_
*SEE INSTRUCTIONS BEFORE FILLING OUT!
_________________________________________________________________
____
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Winthrop Financial Associates, A Limited
Partnership
I.R.S. I.D. No.
_________________________________________________________________
____
2. Check the Appropriate Box if a Member of a Group *
(a)
(b)
_________________________________________________________________
____
3. SEC Use Only
_________________________________________________________________
____
4. Sources of Funds *
_________________________________________________________________
____
5. Check Box if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(e) of 2(f)
_________________________________________________________________
____
6. Citizenship or Place of Organization
Delaware
_________________________________________________________________
____
Number 7. Sole Voting Power 200.58
of ______________________________________________
Shares 8. Shared Voting Power - 0 -
Beneficially ______________________________________________
Owned by Each 9. Sole Dispositive Power 200.58
Reporting ______________________________________________
Person With 10. Shared Dispositive Power - 0 -
_________________________________________________________________
____
11. Aggregate Amount Beneficially Owned by Each Reporting Person
200.58 Units
_________________________________________________________________
_
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares*
_________________________________________________________________
_
13. Percent of Class Represented by Amount in Row (11)
35.44%
_________________________________________________________________
_
14. Type of Reporting Person*
PN
_________________________________________________________________
_
*SEE INSTRUCTIONS BEFORE FILLING OUT!
_________________________________________________________________
____
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Apollo Real Estate Advisors, L.P.
I.R.S. I.D. No.
_________________________________________________________________
____
2. Check the Appropriate Box if a Member of a Group *
(a)
(b)
_________________________________________________________________
____
3. SEC Use Only
_________________________________________________________________
____
4. Sources of Funds *
_________________________________________________________________
____
5. Check Box if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(e) of 2(f)
_________________________________________________________________
____
6. Citizenship or Place of Organization
Delaware
_________________________________________________________________
____
Number 7. Sole Voting Power 200.58
of ______________________________________________
Shares 8. Shared Voting Power - 0 -
Beneficially ______________________________________________
Owned by Each 9. Sole Dispositive Power 200.58
Reporting ______________________________________________
Person With 10. Shared Dispositive Power - 0 -
_________________________________________________________________
____
11. Aggregate Amount Beneficially Owned by Each Reporting Person
200.58 Units
_________________________________________________________________
_
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares*
_________________________________________________________________
_
13. Percent of Class Represented by Amount in Row (11)
35.44%
_________________________________________________________________
_
14. Type of Reporting Person*
PN
_________________________________________________________________
_
*SEE INSTRUCTIONS BEFORE FILLING OUT!
This Amendment No. 2 to Statement on Schedule 13D relates to
Units ("Units") of limited
partnership interest of Riverside Park Associates Limited
Partnership, a Maryland limited
partnership (the "Partnership"), which has its principal offices
at c/o Three Winthrop
Properties, Inc., 5 Cambridge Center, 9th Floor, Cambridge,
Massachusetts 02142.
Capitalized terms used in this Amendment No. 2 and not defined
herein shall have the
meanings set forth in the Tender Offer Statement on Schedule 14D-
1, as amended, filed by
Riverside Acquisition, L.P., a Delaware limited partnership
("Riverside"), Winthrop Financial
Associates, A Limited Partnership, and Apollo Real Estate
Advisors, L.P. with the Securities
and Exchange Commission.
Item 4. Purpose of Transaction.
The following information is hereby added to the information
provided in response to Item
4:
On October 28, 1998, Riverside sold all of its Units to IPT
I, LLC.
Item 5. Interest in Securities of the Issuer
(a) On October 28, 1997, Riverside sold its entire ownership
interest in the Issuer.
(b) Effective October 28, 1997, Riverside owns no Units
and, accordingly, has no voting
rights with respect to any Units.
Signatures
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.
Dated: November 18, 1997
RIVERSIDE ACQUISITION, L.P.
By: Riverside Acquisition Corporation
its General Partner
By: __/s/_____________________
Michael L. Ashner
Chief Executive Officer
WINTHROP FINANCIAL ASSOCIATES,
A LIMITED PARTNERSHIP
By: __/s/_________________________
Michael L. Ashner
Chief Executive Officer
APOLLO REAL ESTATE ADVISORS, L.P.
By: Apollo Real Estate Management,
Inc.
By: __/s/______________________
Michael Weiner
Vice President
??(..continued) Page 2 of 299 Page 6 of 6
Page 2 of 6
