CONSENT OF ERNST & YOUNG LLP

Published on August 13, 1998



EXHIBIT 23(B)

CONSENT OF INDEPENDENT AUDITORS

We consent to the reference to our firm under the caption 'Experts' in the
Registration Statement (Form S-3) and related Prospectus of Kimco Realty
Corporation for the registration of an aggregate maximum total of $750,000,000
of its debt securities, preferred stock, depositary shares, common stock and
common stock warrants and to the incorporation by reference therein of our
report dated January 16, 1998 (except for Note 11, as to which the date is March
5, 1998), with respect to the consolidated financial statements and schedule of
The Price REIT, Inc. included in its Annual Report (Form 10-K) for the year
ended Decmber 31, 1997, filed with the Securities and Exchange Commission.

ERNST & YOUNG LLP

San Diego, California
August 10, 1998