<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>                             9-MOS
<FISCAL-YEAR-END>                   DEC-31-2000
<PERIOD-END>                        SEP-30-2000
<CASH>                               31,204,187
<SECURITIES>                                  0
<RECEIVABLES>                        45,319,324
<ALLOWANCES>                                  0
<INVENTORY>                                   0
<CURRENT-ASSETS>                              0
<PP&E>                              173,934,397
<DEPRECIATION>                       (9,548,335)
<TOTAL-ASSETS>                      371,252,031
<CURRENT-LIABILITIES>                         0
<BONDS>                             118,648,464
<PREFERRED-MANDATORY>                25,000,000
<PREFERRED>                                   0
<COMMON>                                165,925
<OTHER-SE>                          211,250,587
<TOTAL-LIABILITY-AND-EQUITY>        371,252,031
<SALES>                                       0
<TOTAL-REVENUES>                     18,280,231
<CGS>                                         0
<TOTAL-COSTS>                         8,453,174
<OTHER-EXPENSES>                      4,988,412
<LOSS-PROVISION>                              0
<INTEREST-EXPENSE>                    5,039,998
<INCOME-PRETAX>                       3,398,840
<INCOME-TAX>                            673,000
<INCOME-CONTINUING>                   2,725,840
<DISCONTINUED>                                0
<EXTRAORDINARY>                               0
<CHANGES>                                     0
<NET-INCOME>                          2,162,333
<EPS-BASIC>                                0.25
<EPS-DILUTED>                              0.25