1

                                                               Exhibit 23.1


                       INDEPENDENT AUDITORS' CONSENT

      We consent to the incorporation by reference in this Registration
Statement of Vornado Realty Trust on Form S-8 of our report dated March 7,
1995, appearing in the Annual Report on Form 10-K of Vornado Realty Trust
for the year ended December 31, 1995.



DELOITTE & TOUCHE LLP

New York, New York
July 30, 1996