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                                                                    EXHIBIT 23.3

                          INDEPENDENT AUDITORS' CONSENT

We consent to the incorporation by reference in Amendment No. 1 to Registration
Statement No. 333-50095 of Vornado Realty Trust on Form S-3 and Registration
Statement Nos. 333-52573, 333-29011, 333-09159 and 33-62344 on Form S-8 of
Vornado Realty Trust and  Amendment No. 4 to Registration Statement No.
333-40787 and Amendment No. 4 to Registration Statement No. 333-29013 of Vornado
Realty Trust and Vornado Realty L.P. both on Form S-3, of our report dated June
22, 1998 on the consolidated statement of revenues and certain expenses of New
York Equities Company and Subsidiary for the year ended September 30, 1997,
which report appears in the Form 8-K/A of Vornado Realty Trust and Vornado
Realty L.P. dated July 13, 1998.

Buchbinder Tunick & Company LLP
New York, NY
July 10, 1998


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