<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>                   3-MOS
<FISCAL-YEAR-END>               DEC-31-1999
<PERIOD-END>                    MAR-31-2000
<CASH>                                      16,580,558
<SECURITIES>                                         0
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<ALLOWANCES>                                         0
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<DEPRECIATION>                              (7,585,455)
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<SALES>                                              0
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<CGS>                                                0
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<INCOME-TAX>                                    18,000
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