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                                                                   EXHIBIT 23.6

                        CONSENT OF INDEPENDENT AUDITORS

The Partners
Two Park Company:

We consent to the incorporation by reference in the prospectus supplement dated
March 26, 1997, to the prospectus dated December 26, 1995, of Vornado Realty
Trust of our report dated March 14, 1997, with respect to the balance sheets of
Two Park Company, a New York general partnership, as of December 31, 1996 and
1995, and the related statements of operations, changes in partners' capital and
cash flows for each of the years in the three-year period ended December 31,
1996, which report appears in the Form 8-K of Vornado Realty Trust dated March
12, 1997, and to the reference to our firm under the heading "Experts" in the
prospectus supplement.

                                                   /s/ KPMG PEAT MARWICK LLP

                                                     KPMG Peat Marwick LLP

Boston, Massachusetts
March 26, 1997