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                                                                    EXHIBIT 23.3


                          INDEPENDENT AUDITORS' CONSENT



We consent to the incorporation by reference in Registration Statement No.
333-64015 of Vornado Realty Trust on Form S-3, 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 and 333-09159 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 March 20, 1998 with
respect to the consolidated balance sheets of Mendik Real Estate Limited
Partnership and consolidated venture as of December 31, 1997 and 1996, and the
related consolidated statements of operations, partners' capital (deficit), and
cash flows for each of the years in the three-year period ended December 31,
1997, which report is incorporated by reference in the Form 8-K of Vornado
Realty Trust as filed with the Securities and Exchange Commission on
February 12, 1999.


KPMG Peat Marwick LLP
Boston, Massachusetts
February 12, 1999