60 EAST 42ND STREET ASSOCIATES
NT 10-Q, 1999-05-17
OPERATORS OF NONRESIDENTIAL BUILDINGS
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                U.S. SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, D.C. 20549

                          FORM 12b-25

                    NOTIFICATION OF LATE FILING


                                        SEC File Number: 0-2670
                                        Cusip Number:
		 (Check One):

[  ] Form 10-K and Form 10-KSB	[  ] Form 20-F
[  ] Form 11-K                  [XX] Form 10-Q and Form 10-QSB
[  ] Form N-SAR

For Period Ended: March 31, 1999

        [  ]    Transition Report on Form 10-K
        [  ]    Transition Report on Form 20-F
        [  ]    Transition Report on Form 11-K
        [  ]    Transition Report on Form 10-Q
        [  ]    Transition Report on Form N-SAR
	For the Transition Period Ended:_________________

Read attached Instruction Sheet Before Preparing Form. 
Please Print or Type.

Nothing in this form shall be construed to imply that the 
Commission has verified any information contained herein.  

If the notification relates to a portion of the filing checked 
above, identify the Item(s) to which the notification relates: 
___________________________________

Part I - Registrant Information 

60 East 42nd St. Associates
Full Name of Registrant

_____________________________
(Former Name if Applicable) 

60 East 42nd Street
Address of Principal Executive Office
(Street and Number) 

New York, New York 10165
City, State and Zip Code <PAGE>

Part II - Rules 12b-25(b) and (c)

If the subject report could not be filed without unreasonable 
effort or expense and the registrant seeks relief pursuant to Rule 
12b-25(b), the following should be completed (Check box if 
appropriate)

      (a)       The reasons described in reasonable detail in Part III
      of this form could not be eliminated without unreasonable
    [ effort or expense; 
    [
    [ (b)	The subject annual report, semi-annual report,
    [ transition report on Form 10-K, Form 20-F, 11-K or Form
    [ N-SAR, or portion thereof will be filed on or before the
[X] [ fifteenth calendar day following the prescribed due date; or
    [ the subject quarterly report or transition report on Form
    [ 10-Q, or portion thereof will be filed on or before the 
    [ fifth calendar day following the prescribed due date; and 
    [
    [ (c)	The accountant's statement or other exhibit required by
      Rule 12b-25(c) has been attached if applicable. 

Part III - Narrative

State below in reasonable detail the reasons why Form 10-K and 
Form 10-KSB, 20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the 
transition report or portion thereof could not be filed within the 
prescribed period.  


	We are awaiting certain financial information regarding the 
Registrant.

Part IV - Other Information

(1)	Name and telephone number of person to contact in regard to 
        this notification

        Mark Labell                   (212) 850-2677
	(Name)			(Area Code)(Telephone Number)

(2)	Have all other periodic reports required under section 13 or 
        15(d) of the Securities Exchange Act of 1934 or section 30 of 
        the Investment Company Act of 1940 during the preceding 12 
        months or for such shorter period that the registrant was 
        required to file such report(s) been filed?  If the answer is 
        no, identify report(s).  
                                              [XX] Yes        [  ] No

                                 -2-<PAGE>
(3)	Is it anticipated that any significant change in results of 
        operations from the corresponding period for the last fiscal 
        year will be reflected by the earnings statements to be 
        included in the subject report or portion thereof?

                                              [  ] Yes        [XX] No

        If so:  attach an explanation of the anticipated change, both 
        narratively and quantitatively, and, if appropriate, state 
        the reasons why a reasonable estimate of the results cannot 
        be made.  

                 60 East 42nd St. Associates
        (Name of Registrant as specified in charter)


has caused this Notification to be signed on its behalf by the 
undersigned thereunto duly authorized Attorney-in-Fact for 
Registrant and each of the Partners in Registrant, pursuant to  
Powers of Attorney, dated March 18, 1998, March 20, 1998 and May 
14, 1998 and attached hereto as Exhibit 1.

Date: May 17, 1999


					60 EAST 42ND ST. ASSOCIATES
						(Registrant)

					By /s/Stanley Katzman
				  	      Stanley Katzman, 
                                              Attorney-in-Fact



                                 -3-<PAGE>

                        EXHIBIT 1

                60 EAST 42ND STREET ASSOCIATES

                        FILE NO. 0-2670

                        POWER OF ATTORNEY

        We, the undersigned general partners of 60 East 42nd 
Street Associates ("Associates"), hereby severally constitute and 
appoint Stanley Katzman and Richard A. Shapiro and each of them, 
individually, our true and lawful attorneys with full power to 
them and each of them to sign for us, and in our names and in the 
capacities indicated below on behalf of Associates, any and all 
reports or other statements required to be filed with the 
Securities and Exchange Commission under Section 13 or 15(d) of 
the Securities Exchange Act of 1934. 
	Signature		Title		Date

/s/Anthony E. Malkin
   Anthony E. Malkin 		General Partner	 March 18, 1998

/s/Scott D. Malkin 
   Scott D. Malkin 		General Partner	 March 20, 1998

/s/Peter L. Malkin
   Peter L. Malkin		General Partner	 March 18, 1998

/s/Richard A. Shapiro
   Richard A. Shapiro		General Partner	 March 18, 1998

/s/Thomas N. Keltner, Jr.
   Thomas N. Keltner, Jr.	General Partner	 March 18, 1998

/s/Mark Labell  
   Mark Labell     		General Partner	 May 14, 1998

/s/Jack Feirman    
   Jack Feirman   		General Partner	 May 14, 1998




                                 -4-<PAGE>

STATE OF NEW YORK	)
				: ss.:
COUNTY OF NEW YORK	)


		On the 18th day of March, 1998 before me personally came 
ANTHONY E. MALKIN, PETER L. MALKIN, RICHARD A. SHAPIRO, and THOMAS 
N. KELTNER, JR., to me known to be the individuals described in 
and who executed the foregoing instrument, and acknowledged that 
they executed the same.  

						  /s/Notary Public 
		    				     NOTARY PUBLIC
STATE OF UK OF GREAT BRITAIN)
		    			   : ss.:
CITY OF LONDON, ENGLAND     )


		On the 20th day of March, 1998 before me personally came 
SCOTT D. MALKIN, to me known to be the individual described in and 
who executed the foregoing instrument, and acknowledged that he 
executed the same.  

/s/Notary Public    
   NOTARY PUBLIC
   of London, England

STATE OF NEW YORK	)
				: ss.:
COUNTY OF NEW YORK	)

		On the 14th day of May, 1998 before me personally came  
JACK FEIRMAN and MARK LABELL, to me known to be the individuals 
described in and who executed the foregoing instrument, and 
acknowledged that they executed the same.  

						/s/Notary Public    
						   NOTARY PUBLI



                             -5-<PAGE>



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