<ARTICLE>                     5
<LEGEND>
     This schedule  contains summary  financial  information  extracted from the
     consolidated balance sheets and consolidated statements of operation and is
     qualified in its entirety by reference to such documents.
</LEGEND>
<CIK>                         0001038222
<NAME>                        WELLSFORD REAL PROPERTIES, INC.
<MULTIPLIER>                                   1

                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>               DEC-31-1999
<PERIOD-END>                    DEC-31-1999
<CASH>                                         43,206,958
<SECURITIES>                                            0
<RECEIVABLES>                                  37,259,587
<ALLOWANCES>                                            0
<INVENTORY>                                             0
<CURRENT-ASSETS>                                        0
<PP&E>                                        166,166,098
<DEPRECIATION>                                (6,584,328)
<TOTAL-ASSETS>                                366,331,326
<CURRENT-LIABILITIES>                                   0
<BONDS>                                       119,314,929
<PREFERRED-MANDATORY>                                   0
<PREFERRED>                                             0
<COMMON>                                          192,223
<OTHER-SE>                                    229,498,990
<TOTAL-LIABILITY-AND-EQUITY>                  366,331,326
<SALES>                                                 0
<TOTAL-REVENUES>                               30,170,043
<CGS>                                                   0
<TOTAL-COSTS>                                  12,401,939
<OTHER-EXPENSES>                                7,125,876
<LOSS-PROVISION>                                        0
<INTEREST-EXPENSE>                              9,398,630
<INCOME-PRETAX>                                10,810,801
<INCOME-TAX>                                    1,950,000
<INCOME-CONTINUING>                             8,860,801
<DISCONTINUED>                                          0
<EXTRAORDINARY>                                         0
<CHANGES>                                               0
<NET-INCOME>                                    8,860,801
<EPS-BASIC>                                          0.43
<EPS-DILUTED>                                        0.43