<PAGE>



                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20459

                                    FORM 10-Q

(Mark One)

    X        QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
             EXCHANGE ACT OF 1934

                For the quarterly period ended September 30, 1999

                                       OR

             TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
             EXCHANGE ACT OF 1934

               For the transition period from _______ to ________

                         Commission File Number 0-13500

                  1626 New York Associates Limited Partnership
                  --------------------------------------------
             (Exact name of Registrant as specified in its charter)


          Massachusetts                                  04-2808184
---------------------------------           ------------------------------------
   State or other jurisdiction of           (I.R.S. Employer Identification No.)
   incorporation or organization)

  Five Cambridge Center, Cambridge, MA                    02142-1493
 ---------------------------------------                  ----------
 (Address of principal executive office)                  (Zip Code)

     Registrant's telephone number, including area code (617) 234-3000
                                                        --------------


Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the Registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes X  No
                                      --     --

                                    1 of 15
<PAGE>


                  1626 NEW YORK ASSOCIATES LIMITED PARTNERSHIP

                          FORM 10-Q SEPTEMBER 30, 1999
                         PART 1 - FINANCIAL INFORMATION


Item 1.  Consolidated Financial Statements

Consolidated Balance Sheets (Unaudited)

(In Thousands, Except Unit Data)
<TABLE>
<CAPTION>

                                                                                 September 30,         December 31,
                                                                                     1999                  1998
                                                                                 -------------         ------------
<S>                                                                                <C>                    <C>
ASSETS

Real estate:

      Land                                                                         $10,270                $10,270
      Buildings and improvements, net of accumulated
         depreciation of $55,137 and $51,925 as of
         September 30, 1999 and December 31, 1998, respectively                     37,210                 38,490
                                                                                   -------                -------

                                                                                    47,480                 48,760

Other Assets:

      Cash and cash equivalents                                                        115                    291
      Restricted cash                                                                5,612                  2,410
      Accounts receivable, net of reserves of $18 and $85
         as of September 30, 1999 and December 31, 1998, respectively                  123                    104
      Prepaid expenses and other assets                                              1,017                  1,825
      Deferred rent receivable                                                       7,292                  7,669
      Deferred costs, net                                                            3,756                  3,974
                                                                                   -------                -------

Total Assets                                                                       $65,395                $65,033
                                                                                   =======                =======
</TABLE>

                 See notes to consolidated financial statements.

                                    2 of 15
<PAGE>
>

                  1626 NEW YORK ASSOCIATES LIMITED PARTNERSHIP

                          FORM 10-Q SEPTEMBER 30, 1999


Consolidated Balance Sheets (Unaudited)

(In Thousands, Except Unit Data)

(Continued)

LIABILITIES AND PARTNERS' DEFICIT

<TABLE>
<CAPTION>

                                                                                 September 30,          December 31,
                                                                                     1999                  1998
                                                                                 -------------         ------------
<S>                                                                                <C>                    <C>
Liabilities:

      Mortgage notes payable to affiliates                                         $  75,450             $  75,450
      Notes and loans payable and accrued interest
         to general partners and affiliates                                           41,305                35,114
      Accounts payable, accrued expenses, security
         deposits and other liabilities                                                3,851                 3,717
      Accrued interest on mortgage notes to affiliates                                60,946                58,667
                                                                                   ---------             ---------

Total Liabilities                                                                    181,552               172,948
                                                                                   ---------             ---------

Commitments and Contingencies

Partners' Deficit:

      Limited Partners' Deficit - Units of Investor
      Limited Partnership Interest
         $250,000 stated value per unit; authorized, issued and outstanding
         -1,340 as of September 30, 1999 and December 31, 1998                      (119,652)             (111,791)
      Less: investor notes                                                               (68)                  (68)
                                                                                   ---------             ---------

                                                                                    (119,720)             (111,859)

      General Partners' Equity                                                         3,563                 3,944
                                                                                   ---------             ---------

         Total Partners' Deficit                                                    (116,157)             (107,915)
                                                                                   ---------             ---------

Total Liabilities and Partners' Deficit                                            $  65,395             $  65,033
                                                                                   =========             =========
</TABLE>

                 See notes to consolidated financial statements.

                                    3 of 15
<PAGE>

                  1626 NEW YORK ASSOCIATES LIMITED PARTNERSHIP

                          FORM 10-Q SEPTEMBER 30, 1999



Consolidated Statements of Operations (Unaudited)

(In Thousands, Except Unit Data)
<TABLE>
<CAPTION>

                                                                                     For the Nine Months Ended
                                                                                  September 30,        September 30,
                                                                                     1999                  1998
                                                                                 -------------         -------------
<S>                                                                                <C>                    <C>

Revenues:
      Rent and escalation income                                                 $   9,804              $  26,775
      Interest and other income                                                        231                    328
      Gain on sale of property                                                           -                 17,046
                                                                                 ---------              ---------
         Total revenues                                                             10,035                 44,149
                                                                                 ---------              ---------

Expenses:
      Interest on obligations to affiliates                                          8,853                 17,541
      Interest                                                                           -                  1,682
      Depreciation and amortization                                                  3,707                  8,002
      Real estate and other taxes                                                    2,141                  5,281
      Utilities                                                                      1,043                  2,575
      Cleaning and security                                                          1,006                  2,499
      Asset and property management fees                                               370                    385
      Repairs and maintenance                                                          232                    778
      Payroll                                                                          523                    919
      General and administrative                                                       127                    847
      Professional fees                                                                275                    392
      Provision for doubtful accounts                                                    -                     60
                                                                                 ---------              ---------

         Total expenses                                                             18,277                 40,961
                                                                                 ---------              ---------

Net (loss) income                                                                 $ (8,242)              $  3,188
                                                                                 =========              =========


Net loss allocated to general partners                                            $   (381)              $   (558)
                                                                                 =========              =========

Net (loss) income allocated to investor limited partners                          $ (7,861)              $  3,746
                                                                                 =========              =========

Net (loss) income per unit of investor limited
   partnership interest                                                         $(5,866.42)             $2,795.52
                                                                                 =========              =========
</TABLE>


                 See notes to consolidated financial statements.

                                    4 of 15
<PAGE>

                  1626 NEW YORK ASSOCIATES LIMITED PARTNERSHIP

                          FORM 10-Q SEPTEMBER 30, 1999
Consolidated Statements of Operations (Unaudited)

(In Thousands, Except Unit Data)

<TABLE>
<CAPTION>

                                                                                     For the Three Months Ended
                                                                                 September 30,         September 30,
                                                                                     1999                  1998
                                                                                 -------------         -------------
<S>                                                                                <C>                    <C>

Revenues:
      Rental and escalation income                                                 $    3,426            $    8,529
      Interest and other income                                                            91                   104
                                                                                   ----------            ----------

         Total revenues                                                                 3,517                 8,633
                                                                                   ----------            ----------

Expenses:
      Interest on obligations to affiliates                                             3,044                 6,112
      Interest                                                                              -                   567
      Depreciation and amortization                                                     1,303                 2,675
      Real estate and other taxes                                                         515                 1,751
      Utilities                                                                           485                 1,117
      Cleaning and security                                                               331                   741
      Asset and property management fees                                                  131                   159
      Repairs and maintenance                                                              71                   169
      Payroll                                                                             209                   388
      General and administrative                                                           39                   320
      Professional fees                                                                    70                   141
                                                                                   ----------            ----------

         Total expenses                                                                 6,198                14,140
                                                                                   ----------            ----------

Net loss                                                                           $   (2,681)           $   (5,507)
                                                                                   ==========            ==========


Net loss allocated to general partners                                             $     (119)           $     (247)
                                                                                   ==========            ==========

Net loss allocated to investor limited partners                                    $   (2,562)           $   (5,260)
                                                                                   ==========            ==========

Net loss per unit of investor limited
      partnership interest                                                         $(1,911.94)           $(3,925.37)
                                                                                   ==========            ==========


</TABLE>


                 See notes to consolidated financial statements.

                                    5 of 15


<PAGE>
                  1626 NEW YORK ASSOCIATES LIMITED PARTNERSHIP

                          FORM 10-Q SEPTEMBER 30, 1999

Consolidated Statement of Partners' Deficit (Unaudited)

(In Thousands, Except Unit Data)
<TABLE>
<CAPTION>


                                                  Units of
                                                  Investor             Investor
                                                   Limited              Limited                General                 Total
                                                 Partnership           Partners'              Partners'              Partners'
                                                  Interest              Deficit                Equity                 Deficit
                                              ------------------ ---------------------- ----------------------  --------------------

<S>                                                 <C>              <C>                    <C>                     <C>
Balance - December 31, 1998                         1,340            $  (111,859)           $  $3,944               $(107,915)

     Net loss                                           -                 (7,861)                (381)                 (8,242)
                                                    -----            -----------               ------               ---------

Balance - September 30, 1999                        1,340            $  (119,720)           $  $3,563               $(116,157)
                                                    =====            ===========               ======               =========
</TABLE>
                 See notes to consolidated financial statements.

                                    6 of 15
<PAGE>

                  1626 NEW YORK ASSOCIATES LIMITED PARTNERSHIP

                          FORM 10-Q SEPTEMBER 30, 1999

Consolidated Statement of Cash Flows (Unaudited)

(In Thousands)

<TABLE>
<CAPTION>

                                                                                     For the Nine Months Ended
                                                                                 September 30,         September 30,
                                                                                     1999                  1998
                                                                                 -------------         -------------
<S>                                                                                <C>                    <C>

Cash Flows from Operating Activities:

Net (loss) income                                                                  $ (8,242)           $  3,188
Adjustments to reconcile net (loss) income to net cash
  used in operating activities:
      Depreciation                                                                    3,212               6,806
      Amortization                                                                      568               1,368
      Change in deferred rent receivable                                                377              (3,013)
      Gain on sale of property                                                            -             (17,046)
      Provision for doubtful accounts                                                   (67)                 56

Changes in operating assets and liabilities:

      (Increase) decrease in accounts receivable, prepaid
         expenses and other assets                                                     (181)              1,261
      Increase (decrease) in accounts payable, accrued expenses,
         security deposits and other liabilities                                        134              (2,383)
                                                                                   --------            --------

         Net cash used in operating activities                                       (4,199)             (9,763)
                                                                                   --------            --------

Cash Flows from Investing Activities:

      Net proceeds from sale of property                                                  -              50,389
      Additions to buildings and improvements                                        (1,932)             (4,527)
      Increase in deferred leasing costs                                               (350)             (1,923)
                                                                                   --------            --------

         Net cash (used in) provided by investing activities                         (2,282)             43,939
                                                                                   --------            --------

Cash Flows from Financing Activities:

      Payment of accrued interest on mortgage notes to affiliates                         -              (5,252)
      Increase in accrued mortgage interest                                           2,279              10,803
      Principal payments on mortgage notes to affiliates                                  -              (7,270)
      Increase in notes payable and accrued interest to
         general partners and affiliates                                              6,191               9,283
      Principal payments on other mortgage notes                                          -             (37,867)
      Increase in restricted cash                                                    (2,165)             (3,347)
      Payment of deferred financing costs                                                 -                (399)
      Deferred purchase price obligation payment                                          -                (209)
                                                                                   --------            --------

         Net cash provided by (used in) financing activities                          6,305             (34,258)
                                                                                   --------            --------

         Net decrease in cash and cash equivalents                                     (176)                (82)

Cash and cash equivalents, beginning of year                                            291                 221
                                                                                   --------            --------

Cash and cash equivalents, end of year                                             $    115            $    139
                                                                                   ========            ========

Supplemental Disclosure of  Cash Flow Information:

      Cash paid for interest                                                       $  2,796            $ 11,307
                                                                                   ========            ========

Supplemental Disclosure of  Non-Cash Investing Activities:

      Sale of property in 1999 and 1998 - See Notes 2 and 4

</TABLE>

                 See notes to consolidated financial statements.

                                    7 of 15

<PAGE>


                  1626 NEW YORK ASSOCIATES LIMITED PARTNERSHIP

                          FORM 10-Q SEPTEMBER 30, 1999

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


1.    General

      The accompanying consolidated financial statements, footnotes and
      discussions should be read in conjunction with the consolidated financial
      statements, related footnotes and discussions contained in the
      Partnership's Annual Report on Form 10-K for the year ended December 31,
      1998.

      The financial information contained herein is unaudited. In the opinion of
      management, all adjustments necessary for a fair presentation of such
      financial information have been included. All adjustments are of a normal
      recurring nature except as discussed in Notes 2 and 4. The balance sheet
      at December 31, 1998 was derived from audited financial statements at such
      date.

      1626 New York Associates Limited Partnership (the "Investor Partnership")
      was organized to acquire and own a 99% general partnership interest in and
      serve as a general partner of Nineteen New York Properties Limited
      Partnership (the "Operating Partnership"). The Investor Partnership and
      the Operating Partnership are collectively referred to as the
      "Partnerships."

      As of September 30, 1999, the Operating Partnership owned one commercial
      rental property located in New York City (the "Property").


      The results of operations for the nine months ended September 30, 1999 and
      1998 are not necessarily indicative of the results to be expected for the
      full year.

2.    Sale of Property and Liquidation of Partnership

      In November 1999, the Partnership sold its remaining property, 757 Third
      Avenue, to an unaffiliated third party for $102,000,000. All proceeds were
      used to satisfy any related indebtedness. Upon winding up of the
      Partnerships affairs, the Partnership will be liquidated.

3.    Debt Modification with Related Parties

      On October 22, 1998, the debt securing the Partnership's remaining
      property, 757 Third Avenue, was restructured into two non-recourse loans.
      The first component in the amount of $27,193,000, bears interest at 295
      basis points over 30-day LIBOR (8.35 % at September 30, 1999), and was
      scheduled to mature on February 1, 1999, but has been extended to December
      31, 1999. The second component in the amount of $48,257,000, bears
      interest at 9% and matures on February 28, 2016. A mandatory prepayment of
      $7,500,000 against the second component was due on February 1, 1999, but
      has been extended to December 31, 1999.


                                     8 of 15


<PAGE>



                  1626 NEW YORK ASSOCIATES LIMITED PARTNERSHIP

                          FORM 10-Q SEPTEMBER 30, 1999

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


3.    Debt Modification with Related Parties (Continued)

      A third component of the Modified Loan is an unsecured note (the
      "Unsecured Note") representing the additional financing expected to be
      drawn upon by the Operating Partnership to fund capital improvements and
      tenant lease-up costs with respect to the remaining property. However, any
      borrowings under this credit line are subject to the lender's discretion.
      Accordingly, it is possible that the Operating Partnership may not be able
      to borrow against this credit line each time it deems it necessary. The
      outstanding balance against the Unsecured Note was $22,336,000 as of
      September 30, 1999 and is included in notes payable and accrued interest
      to general partners and affiliates. The Unsecured Note bears interest at a
      fixed annual rate 14% through February 28, 1999 and then 16.75% thereafter
      and was scheduled to mature on February 28, 1998, but was extended to
      December 31, 1999.

4.    Sale of Property

      On January 13, 1998, the Partnership sold its 1372 Broadway property to an
      unaffiliated third party for $52,000,000. All of the proceeds were used to
      partially satisfy the approximately $94,000,000 allocated portion of the
      Modified Loan (including accrued and unpaid interest), with the
      unsatisfied portion of the Modified Loan being reallocated among the
      remaining properties. For financial reporting purposes, the sale resulted
      in a gain of approximately $17,046,000.

5.    Transaction With Related Parties

      For the nine months ended September 30, 1999 and 1998, the Operating
      Partnership paid $370,000 and $385,000, respectively, in asset and
      property management fees to an affiliate of the General Partner.


                                     9 of 15


<PAGE>



                  1626 NEW YORK ASSOCIATES LIMITED PARTNERSHIP

                          FORM 10-Q SEPTEMBER 30, 1999


Item 2.  Management's Discussion and Analysis of Financial Condition and Results
         of Operations

         The matters discussed in this Form 10-Q contain certain forward-looking
         statements and involve risks and uncertainties (including changing
         market conditions, competitive and regulatory matters, etc.) detailed
         in the disclosure contained in this Form 10-Q and the other filings
         with the Securities and Exchange Commission made by the Registrant from
         time to time. The discussion of the Registrant's liquidity, capital
         resources and results of operations, including forward-looking
         statements pertaining to such matters, does not take into account the
         effects of any changes to the Registrant's operations. Accordingly,
         actual results could differ materially from those projected in the
         forward-looking statements as a result of a number of factors,
         including those identified herein.

         This Item should be read in conjunction with the Consolidated Financial
         Statements and other items contained elsewhere in this Report.

         Liquidity and Capital Resources

         The Registrant serves as the general partner of Nineteen New York
         Properties Limited Partnership (the "Partnership"). In November 1999,
         the Partnership sold its remaining property, 757 Third Avenue, to an
         unaffiliated third party for $102,000,000. All proceeds were used to
         satisfy any related indebtedness. Accordingly, the Registrant will be
         liquidated.

         The Registrant's sole source of revenue was from distributions from the
         Partnership and interest income on cash reserves. The Registrant is
         responsible for its operating expenses. The Partnership received rental
         revenue from tenants and is responsible for operating expenses,
         administrative expenses, capital improvements and debt service
         payments.

         The debt securing the Partnership's remaining property, 757 Third
         Avenue, was restructured into two non-recourse loans. The first
         component in the amount of $27,193,000, bears interest at 295 basis
         points over 30-day LIBOR (8.35% at September 30, 1999), and was
         scheduled to mature on February 1, 1999, but was extended to December
         31, 1999. The second component in the amount of $48,257,000, bears
         interest at 9% and matures on February 28, 2016. A mandatory prepayment
         of $7,500,000 against the second component was due on February 1, 1999,
         but was extended to December 31, 1999.

         As a result of the disposition of the Registrant's remaining property,
         for tax purposes, the Registrant's partners will be allocated
         substantial gains in 1999 due to recapture of tax benefits received in
         prior years.

         The Registrant's original objective of capital appreciation will not be
         achieved and it is anticipated that the Registrant's partners will not
         receive any future distributions. Accordingly, the Registrant's
         partners will not receive a return of their original investment.


                                    10 of 15

<PAGE>


                  1626 NEW YORK ASSOCIATES LIMITED PARTNERSHIP

                          FORM 10-Q-SEPTEMBER 30, 1999


Item 2.  Management's Discussion and Analysis of Financial Condition and
         Results of Operations (Continued)

         Liquidity and Capital Resources (Continued)

         The Registrant and the Partnership had $115,000 of cash and cash
         equivalents and $5,612,000 of restricted cash at September 30, 1999, as
         compared to $291,000 and $2,410,000 respectively, at December 31, 1998.
         Restricted cash primarily includes amounts held in mortgage collateral
         accounts. The $176,000 decrease in cash and cash equivalents at
         September 30, 1999, as compared to December 31, 1998, was due to
         $4,199,000 of cash used in operating activities and $2,282,000 of cash
         used in investing activities, which were partially offset by $6,305,000
         of cash provided by financing activities. Cash used in investing
         activities included $1,932,000 of improvements to real estate, the
         majority of which were tenant improvements, and $350,000 of cash
         expended on leasing activities. Cash provided by financing activities
         included a $2,279,000 increase in accrued interest and a $6,191,000
         increase in notes payable and accrued interest to general partners and
         affiliates. In addition, Registrant's restricted cash increased by
         $2,165,000, due to an increase in restricted cash operating accounts
         and borrowings against the Unsecured Note. All other increases
         (decreases) in certain assets and liabilities are the result of the
         timing of receipt and payment of various activities.

         The Partnership's only other source of liquidity was an unsecured
         credit line provided by Zeus that had an outstanding balance of
         $22,336,000 at September 30, 1999. This credit line has been used by
         the Partnership to fund capital improvements and tenant lease-up costs
         at the remaining property.

         Results of Operations

         Nine Months ended September 30, 1999 vs. September 30, 1998

         The Registrant generated a net loss of approximately $8.2 million for
         the nine months ended September 30, 1999, as compared to net income of
         approximately $3.2 million for the nine months ended September 30,
         1998. The operations of the Registrant for the nine months ended
         September 30, 1999, as compared to September 30, 1998, declined due to
         the gain on sale of the Registrant's 1372 Broadway property in January
         1998. In October 1998, the Registrant transferred its 535 Fifth Avenue,
         545 Fifth Avenue, 509 Fifth Avenue and 300 Park Avenue South properties
         to their lender.

         Rent and escalation income decreased to approximately $9.8 million for
         the nine months ended September 30, 1999, as compared to approximately
         $26.8 million for the nine months ended September 30, 1998. With
         respect to the remaining property, 757 Third Avenue, rent and
         escalation income decreased to approximately $9.8 million for the nine
         months ended September 30, 1999, as compared to approximately $11.6
         million for the nine months ended September 30, 1998. Rent and
         escalation income decreased due to a decrease in occupancy for the nine
         months ended September 30, 1999, as compared to 1998. Rental rates
         remained relatively constant.

                                    11 of 15


<PAGE>



                  1626 NEW YORK ASSOCIATES LIMITED PARTNERSHIP

                          FORM 10-Q-SEPTEMBER 30, 1999

Item 2.  Management's Discussion and Analysis of Financial Condition and
         Results of Operations (Continued)

         Results of Operations (Continued)

         Nine Months ended September 30, 1999 vs. September 30, 1998

         Expenses decreased by approximately $22.7 million for the nine months
         ended September 30, 1999, as compared to 1998. With respect to the
         remaining property, expenses increased by approximately $1.6 million
         for the nine months ended September 30, 1999, as compared to 1998, as a
         result of an increase in depreciation and management fees, which was
         partially offset by a decrease in interest expense. All other expenses
         remained relatively constant at the Registrant's 757 Third Avenue
         property.

         Depreciation expense increased due to the effect of the current and
         prior years additions to fixed assets, primarily tenant improvements.
         Management fees increased due to the change of the managing agent that
         occurred in connection with the debt extension in 1998. Interest
         expense decreased due to a decline in the interest rate on the debt
         outstanding on the Registrant's remaining property, which was slightly
         offset by an increase in principal indebtedness on the Unsecured Note.

         As of November 1, 1999 and 1998, the current property's occupancy was
         89% and 96%, respectively. During the first nine months of 1999, the
         Partnership signed renewal, extension, and expansion leases totaling
         approximately 41,000 square feet at rental terms comparable to
         buildings of similar quality in the market. The decrease in occupancy
         is a direct result of certain lease terminations that occurred in the
         fourth quarter of 1998.

         Three Months ended September 30, 1999 vs. September 30, 1998

         The Partnership generated a net loss of approximately $2.7 million for
         the three months ended September 30, 1999, as compared to a net loss of
         approximately $5.5 million for the three months ended September 30,
         1998.

         Rental and escalation income decreased to approximately $3.4 million
         for the three months ended September 30, 1999 as compared to
         approximately $8.5 million for the three months ended September 30,
         1998. With respect to the remaining property, rent and escalation
         income decreased to approximately $3.4 million for the three months
         ended September 30, 1999, as compared to approximately $3.8 million for
         the three months ended September 30, 1998. Rent and escalation income
         decreased due to a decrease in occupancy for the three months ended
         September 30, 1999 as compared to 1998. Rental rates remained
         relatively constant.


                                    12 of 15
<PAGE>


                  1626 NEW YORK ASSOCIATES LIMITED PARTNERSHIP

                          FORM 10-Q-SEPTEMBER 30, 1999

Item 2.  Management's Discussion and Analysis of Financial Condition and
         Results of Operations (Continued)

         Results of Operations (Continued)

         Three Months ended September 30, 1999 vs. September 30, 1998

         Expenses decreased by approximately $7.9 million for the three months
         ended September 30, 1999, as compared to 1998. With respect to the
         remaining property, expenses increased by approximately $1.4 million
         for the three months ended September 30, 1999, as compared to 1998, as
         a result of an increase in depreciation and management fees, which was
         partially offset by a decrease in interest expense. All other expenses
         remained relatively constant at the Registrant's 757 Third Avenue
         property.

Item 3.  Quantitative and Qualitative Disclosure About Market Risk

         None



                                    13 of 15


<PAGE>



                  1626 NEW YORK ASSOCIATES LIMITED PARTNERSHIP

                          FORM 10-Q-SEPTEMBER 30, 1999




Part II - Other Information


Item 6.    Exhibits and Reports on Form 8-K


           a) Exhibit 27, Financial Data Schedule, is filed as an exhibit to
              this report.

           b) Reports on Form 8K:

              No report on Form 8-K was filed during the period.



                                    14 of 15


<PAGE>



                  1626 NEW YORK ASSOCIATES LIMITED PARTNERSHIP

                          FORM 10-Q-SEPTEMBER 30, 1999



                                   SIGNATURES


Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                            1626 NEW YORK ASSOCIATES LIMITED PARTNERSHIP


                        BY: TWO WINTHROP PROPERTIES, INC.
                            MANAGING GENERAL PARTNER

                        BY: /s/ Michael L. Ashner
                            ----------------------------
                            Michael L. Ashner
                            Chief Executive Officer

                        BY: /s/ Thomas Staples
                            ----------------------------
                            Thomas Staples
                            Chief Financial Officer




                        DATED:   November 19, 1999


                                    15 of 15