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                                                                    Exhibit 23.4

                          INDEPENDENT AUDITORS' CONSENT



We consent to the incorporation by reference in the Registration Statement No.
333-29013 of Vornado Realty Trust and Vornado Realty L.P. and the Post Effective
Amendment to Registration Statement No. 33-62395 of Vornado Realty Trust both on
Form S-3, of our report dated October 3, 1997 on the statement of revenues and
certain expenses of the Montehiedra Town Center for the year ended December 31,
1996, which report appears in the Form 8-K of Vornado Realty Trust dated
September 22, 1997.

DELOITTE & TOUCHE LLP

Boston, Massachusetts
October 3, 1997



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