Edgar Filing: DAVIDSON SCOTT E

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

DAVIDSON SCOTT E

2. Issuer Name and Ticker or Trading Symbol
WELLSFORD REAL PROPERTIES INC [WRP]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

C/O DAVIDSON KEMPNER PARTNERS, 885 THIRD AVE STE 3300

3. Date of Earliest Transaction (Month/Day/Year)
08/24/2005

(Street)

NEW YORK, NY 10022

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.02 par value per share ("Common Stock")	08/24/2005		P		50,000	A	$ 17.75	750,870	I	See Notes ⁽¹⁾ ⁽²⁾ ⁽³⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
DAVIDSON SCOTT E C/O DAVIDSON KEMPNER PARTNERS 885 THIRD AVE STE 3300 NEW YORK, NY 10022		X
LEVART TIMOTHY I C/O DAVIDSON KEMPNER PARTNERS 885 THIRD AVE STE 3300 NEW YORK, NY 10022		X
BRIVIO ROBERT J JR C/O DAVIDSON KEMPNER PARTNERS 885 THIRD AVE STE 3300 NEW YORK, NY 10022		X
Epstein Eric Philip C/O DAVIDSON KEMPNER PARTNERS 885 THIRD AVENUE, SUITE 3300 NEW YORK, NY 10022		X
Yoseloff Anthony Alexander DAVIDSON KEMPNER PARTNERS 885 THIRD AVENUE, SUITE 3300 NEW YORK, NY 10022		X
LEFFELL MICHAEL J C/O DAVIDSON KEMPNER PARTNERS 885 THIRD AVE STE 3300 NEW YORK, NY 10022		X

Signatures

/s/ Thomas L. Kempner, Jr.		08/26/2005
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The shares of Common Stock to which this note relates are held directly by Davidson Kempner Partners, a New York limited partnership ("DKP"), as to 142,367 shares of Common Stock; Davidson Kempner Institutional Partners, L.P., a Delaware limited partnership ("DKIP"), as to 234,122 shares of Common Stock; M.H. Davidson & Co., a New York limited partnership ("CO"), as to 18,924 shares of Common Stock; and Davidson Kempner International, Ltd., a British Virgin Islands corporation ("DKIL"), as to 344,946 shares of Common Stock.
(2)	MHD Management Co., a New York limited partnership ("MHD") is the general partner of DKP. Davidson Kempner Advisers, Inc., a New York corporation ("DKAI"), is the general partner of DKIP and is registered as an investment adviser with the U.S. Securities Exchange Commission. Davidson Kempner International Advisors, L.L.C., a Delaware limited liability company ("DKIA"), is the investment manager of DKIL and a certain managed account. Thomas L. Kempner, Jr., Marvin H. Davidson, Stephen M. Dowicz, Scott E. Davidson, Michael J. Leffell, Timothy I. Levart, Robert J. Brivio, Jr., Eric P. Epstein and Anthony A. Yoseloff (collectively, the "Principals") are the general partners of CO and MHD, the sole managing members of DKIA and the sole stockholders of DKAI.
(3)	Each of the Reporting Persons disclaims beneficial ownership of the securities to which this Form 4 relates except to the extent each may be deemed to have a pecuniary interest in such securities pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
Remarks: This is Part Two of a Two Part Form 4 Filing. This Part Two is a continuation of Part One to indicate all Reporting Persons. It is not a separate Form 4 filing.

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