Do you have fuel pressure at the rail after cranking? Will it fire on starter fluid (ether)? If it won't fire on starter fluid, the new crank position sensor may not be any good, or you have connection problems between the ECU (DME) and ignition.
Was the car running previously and quit, or has in never run while you've owned it? What year E36 is it?
A forum community dedicated to BMW owners and enthusiasts. Come join the discussion about Bimmerfest events, production numbers, programming, performance, modifications, classifieds, troubleshooting, maintenance, and more! Bringing the BMW community together.