Exhibit 24

                                POWER OF ATTORNEY



The undersigned hereby appoints 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.

Dated:  January 7, 2007

                                                     /s/ John Meneough
                                                     -----------------
                                                     John Meneough