Exhibit 32.1

      CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER
                                   PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

        I, Alan E. Casnoff, certify, pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the
Quarterly Report of DVL, Inc. on Form 10-Q for the quarter ended September 30,
2004, fully complies with the requirements of Section 13(a) or 15(d) of the
Securities Exchange Act of 1934 and that information contained in such Quarterly
Report on Form 10-Q fairly presents in all material respects the financial
condition and results of operations of DVL, Inc.

Date:  November 15, 2004                         By:  /s/ Alan E. Casnoff
                                                      -------------------------
                                                 Name:  Alan E. Casnoff
                                                 Title:  Chief Executive Officer




        I, Jay Thailer, certify, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly
Report of DVL, Inc. on Form 10-Q for the quarter ended September 30, 2004, fully
complies with the requirements of Section 13(a) or 15(d) of the Securities
Exchange Act of 1934 and that information contained in such Quarterly Report on
Form 10-Q fairly represents in all material respects the financial condition and
results of operations of DVL, Inc.

Date:  November 15, 2004                         By:  /s/ Jay Thailer
                                                      -------------------------
                                                 Name:   Jay Thailer
                                                 Title:  Chief Financial Officer