U.S. SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                     FORM 4

                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
       Section 17(a) of the Public Utility Holding Company Act of 1935 or
               Section 30(f) of the Investment Company Act of 1940

[_]  Check box if no longer  subject to Section 16. Form 4 or Form 5 obligations
     may continue. See Instruction 1(b).

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1.   Name and Address of Reporting Person*

Small                               Albert                H.
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   (Last)                           (First)             (Middle)

7116 Glenbrook Road
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                                    (Street)

Bethesda                             MD                 20814
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   (City)                           (State)              (Zip)


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2.   Issuer Name and Ticker or Trading Symbol


Home Properties of New York, Inc. (HME)
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3.   IRS Identification Number of Reporting Person, if an Entity (Voluntary)



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4.   Statement for Month/Day/Year

October 2, 2002

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5.   If Amendment, Date of Original (Month/Year)


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6.   Relationship of Reporting Person to Issuer
     (Check all applicable)

     [x]  Director                             [_]  10% Owner
     [ ]  Officer (give title below)           [_]  Other (specify below)


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7.   Individual or Joint/Group Filing (Check applicable line)

     [x]  Form filed by one Reporting Person
     [_]  Form filed by more than one Reporting Person
________________________________________________________________________________


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           Table I -- Non-Derivative Securities Acquired, Disposed of,
                             or Beneficially Owned
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                                                                                                                6.
                                                                 4.                              5.             Owner-
                                                                 Securities Acquired (A) or      Amount of      ship
                                                    3.           Disposed of (D)                 Securities     Form:     7.
                                                    Transaction  (Instr. 3, 4 and 5)             Beneficially   Direct    Nature of
                                      2.            Code         ------------------------------- Owned at End   (D) or    Indirect
1.                                    Transaction   (Instr. 8)                   (A)             of Month       Indirect  Beneficial
Title of Security                     Date          ------------     Amount      or     Price    (Instr. 3      (I)       Ownership
(Instr. 3)                            (mm/dd/yy)     Code     V                  (D)             and 4)         (Instr.4) (Instr. 4)
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*    If the Form is filed by more than one  Reporting  Person,  see  Instruction
     4(b)(v).

Reminder: Report on a separate line for each class of securities beneficially
          owned directly or indirectly.

                            (Print or Type Response)                      (Over)




FORM 4 (continued)

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
         (e.g., puts, calls, warrants, options, convertible securities)

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                                                                                                                    10.
                                                                                                          9.        Owner-
                                                                                                          Number    ship
                                                                                                          of        Form
                    2.                                                                                    Deriv-    of
                    Conver-                    5.                              7.                         ative     Deriv-   11.
                    sion                       Number of                       Title and Amount           Secur-    ative    Nature
                    or                         Derivative    6.                of Underlying     8.       ities     Secur-   of
                    Exer-             4.       Securities    Date              Securities        Price    Bene-     ity:     In-
                    cise     3.       Trans-   Acquired (A)  Exercisable and   (Instr. 3 and 4)  of       ficially  Direct   direct
                    Price    Trans-   action   or Disposed   Expiration Date   ----------------  Deriv-   Owned     (D) or   Bene-
1.                  of       action   Code     of(D)         (Month/Day/Year)            Amount  ative    at End    In-      ficial
Title of            Deriv-   Date     (Instr.  (Instr. 3,    ----------------            or      Secur-   of        direct   Owner-
Derivative          ative    (Month/  8)       4 and 5)      Date     Expira-            Number  ity      Month     (I)      ship
Security            Secur-   Day/     ------   ------------  Exer-    tion               of      (Instr.  (Instr.   (Instr.  (Instr.
(Instr. 3)          ity      Year)    Code V    (A)   (D)    cisable  Date     Title     Shares  5)       4)        4)       4)
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Option to Purchase  $28.3125 *        *     *   *     *      *        *        *         *       *        2,700     D
Common Stock
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Option to Purchase  $31.375  *        *     *   *     *      *        *        *         *       *        4,720     D
Common Stock
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Option to Purchase  $28.34   *        *     *   *     *      *        *        *         *       *        7,000     D
Common Stock
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Option to Purchase  $36.03   *        *     *   *     *      *        *        *         *                7,000     D
Common Stock
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Units of Limited    (1)      10/02/02 G     *        100,0000 7/01/00 12/30/2093 Common  100,000          906,836   D
Partnership(1)                                                                   Stock
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Units of Limited    (1)      10/02/02 G     *   100,000       7/01/00 12/30/2093 Common  100,000          100,000   I(4)   By
Partnership(1)                                                                   Stock                                     Spouse

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Units of Limited    *        *        *     *   *     *     *         *        *         *                32,072    I(2)   By
Partnership (1)                                                                                                            Community
                                                                                                                           Realty
                                                                                                                           Company,
                                                                                                                           Inc.
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Phantom Stock      1-for-1   *        *     *   *     *     *         *        *         *                2,859(3)  D
Units
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Explanation of Responses:

*Previously reported.

(1)  Units of Limited Partnership interests in Home Properties of New York,
L.P., a New York limited partnership of which the Owner is the General Partner.
The Reporting Person has the right to redeem the Units.  The Issuer may elect to
acquire the Units to be redeemed for shares of Common Stock at the rate of one
Unit for one share of common stock, or cash, at the option of the Issuer.

(2)  Represents Reporting Person's proportionate interest in the holdings of
the entity.

(3)  Represents phantom stock units accrued to the Reporting Person's account
under the Issuer's Director Deferred Compensation Plan. The Reporting Person's
account will be paid in the form of the Issuer's common stock on or about the
3rd, 5th or 10th anniversary of the deferral depending on the election of the
Reporting Person.

(4)  The Reporting Person disclaims beneficial ownership of these securities
and this report shall not be deemed an admission that the Reporting Person
is the beneficial owner of such securities for purposes of Section 16 or
for any other purpose.


/s/ Albert H. Small by Ann M. McCormick attorney-in-fact    October 3, 2002
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      **Signature of Reporting Person                             Date


**     Intentional misstatements or omissions of facts constitute Federal
       Criminal Violations.

See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:  File three copies of this Form, one of which must be manually signed.
       If space provided is insufficient, see Instruction 6 for procedure.

Alternatively, this form is permitted to be submitted to the Commission in
electronic format at the option of the Reporting Person pursuant to Rule 101(b)
(4) of Regulation S-T.
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