Exhibit 23(b)

                        CONSENT OF INDEPENDENT AUDITORS

We consent to the incorporation by reference in the Registration Statement
Form S-8 pertaining to the Amended 1997 Stock Option and Incentive Plan of SL
Green Realty Corp. (the "Company") of our reports (i) dated February 10, 1999,
except for the last paragraph in Note 16, as to which the date is March 12,
1999, with respect to the consolidated financial statements and schedule of the
Company for the year ended December 31, 1998 and for the period August 21, 1997
(date of commencement of operation) to December 31, 1997, (ii) dated February
10, 1998 with respect to the combined financial statements of SL Green
Predecessor for the period January 1, 1997 to August 20, 1997 and for the year
ended December 31, 1996 and (iii) dated February 10, 1998 with respect to the
combined financial statements of the uncombined joint ventures of SL Green
Predecessor for the period January 1, 1997 to August 20, 1997 and for the year
ended December 31, 1996, included in its Annual Report on Form 10-K of the
Company for the year ended December 31, 1998, filed with the Securities and
Exchange Commission. We also consent to the use of our reports (i) dated March
19, 1999 with respect to the statement of revenues and certain expenses for the
555 West 57th property for the year ended December 31, 1998, included in its
Form 8-K/A, dated January 25, 1999 and filed with the Securities and Exchange
Commission on April 9, 1999, (ii) dated August 3, 1999 with respect to the
statement of revenues and certain expenses for the Madison Properties for the
year ended December 31, 1998, included in its Form 8-K/A, dated May 24, 1999 and
filed with the Securities and Exchange Commission on August 6, 1999, and (iii)
dated August 3, 1999 with respect to the statement of revenues and certain
expenses for the 90 Broad Street property for the fiscal year ended April 30,
1999, included in its Form 8-K/A, dated May 24, 1999 and filed with the
Securities and Exchange Commission on August 6, 1999.

                             /s/ Ernst & Young LLP

New York, New York
September 17, 1999