Exhibit 24

                                POWER OF ATTORNEY

     I hereby  appoint  PETER M.  PIZZA and IRVING  NEEDLEMAN,  and each of them
acting  singly,  my  attorneys-in-fact  to sign,  in my name  and on my  behalf,
reports on Securities and Exchange  Commission  Forms 3, 4 and 5 relating to the
ownership,  acquisition  and  disposition of shares of the Common Stock of AMREP
Corporation,  and any  rights  thereto,  and to  cause  the  same to be filed in
accordance with the requirements of Section 16(a) of the Securities Exchange Act
of 1934, as amended, and the rules and regulations thereunder.

     This Power of Attorney  shall remain in effect until the  undersigned is no
longer required to file such reports, unless earlier revoked in writing.

January 9, 2007
                                                     /s/  Michael P. Duloc
                                                     ---------------------
                                                     Michael P. Duloc