FORM 10-Q

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                Quarterly Report Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934


For the quarterly period ended June 30, 2002

Commission File Number: 0-11909


              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP - II
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)



       Delaware                                         16-1212761
-----------------------                    ---------------------------------
(State of organization)                    (IRS Employer Identification No.)


2350 North Forest Road, Suite 12A,Getzville, New York  14068
------------------------------------------------------------
(Address of principal executive offices)

(716) 636-0280
--------------
(Registrant's telephone number)

Indicate by a check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes [X]  No [ ]




<PAGE>
<TABLE>
<CAPTION>
Part I - FINANCIAL INFORMATION
Item 1. Financial Statements
                                     Condensed Consolidated Balance Sheets
                                     -------------------------------------
                                                                              June 30,            December 31,
                                                                                2002                  2001
                                                                          ----------------      ----------------
<S>                                                                            <C>                    <C>
                     Assets
--------------------------------------------------
Cost of property and equipment, all held for sale                         $     4,703,885             4,701,829
Less accumulated depreciation                                                   2,531,480             2,531,480
                                                                          ----------------      ----------------
                                                                                2,172,405             2,170,349
Cash and equivalents                                                              272,612               330,328
Other assets                                                                      135,464               118,337
                                                                          ----------------      ----------------
     Total assets                                                         $     2,580,481             2,619,014
                                                                          ================      ================

        Liabilities and Partners' Equity
--------------------------------------------------
Mortgage loans payable                                                            144,620               237,634
Accounts payable and accrued expenses                                              69,021                82,284
Other liabilities                                                                 110,145               106,215
Equity in losses of unconsolidated joint ventures
     in excess of investment                                                    1,126,478             1,143,543
Partners' equity (deficit)                                                      1,130,217             1,049,338
                                                                          ----------------      ----------------
     Total liabilities and partners' equity                               $     2,580,481             2,619,014
                                                                          ================      ================
</TABLE>
<TABLE>
<CAPTION>

                                     Condensed Consolidated Statements of Operations
                                     -----------------------------------------------

                                                        Three months ended June 30,                Six months ended June 30,
                                                     ------------------------------               --------------------------
                                                        2002               2001                      2002            2001
                                                     ----------         -----------               ----------      ----------
<S>                                                  <C>                <C>                       <C>             <C>
Rental income                                        $  222,586            153,379                   442,453         599,735
Other income                                              2,790             37,445                     6,067          54,039
                                                     ----------         ----------                ----------      ----------
     Total income                                       225,376            190,824                   448,520         653,774
                                                     ----------         ----------                ----------      ----------
Property operating costs                                135,048            173,701                   272,957         463,334
Administrative expense - affiliates                      31,049             31,430                    61,346          80,065
Other administrative expense                             51,421             24,639                    82,806          90,946
Interest                                                  4,844              9,495                    10,597         100,100
                                                     ----------         ----------                ----------      ----------
     Total expenses                                     222,362            239,265                   427,706         734,445
                                                     ----------         ----------                ----------      ----------
Operating income (loss)                                   3,014            (48,441)                   20,814         (80,671)
Gain on sale of property of
     consolidated joint venture                              --                 --                        --       4,765,442
Minority interest in consolidated
      joint venture net income                               --                 --                        --        (546,503)

Equity in earnings of joint ventures                     34,261            208,556                    60,065         295,044
                                                     ----------         ----------                ----------      ----------
     Net income                                      $   37,275            160,115                    80,879       4,433,312
                                                     ==========         ==========                ==========      ==========
Net income per limited partnership unit              $     3.62              15.53                      7.85          430.03
                                                     ==========         ==========                ==========      ==========
Weighted average limited partnership units               10,000             10,000                    10,000          10,000
                                                     ==========         ==========                ==========      ==========
</TABLE>
                                       2
<PAGE>
<TABLE>
<CAPTION>
                 Condensed Consolidated Statements of Cash Flows
                 -----------------------------------------------

                                                                                            Six months ended June 30,
                                                                                           --------------------------
<S>                                                                                        <C>              <C>
Cash provided (used) by:                                                                       2002          2001
                                                                                           -----------    -----------
Operating activities:
     Net income                                                                            $    80,879      4,433,312
     Adjustments:
       Net nonoperating gains                                                                  (60,065)    (4,513,983)
       Other, principally changes in other assets and liabilities                              (26,460)      (362,189)
                                                                                           -----------    -----------
          Net cash used in operating activities                                                 (5,646)      (442,860)
                                                                                           -----------    -----------
Investing activities:
     Additions to property and equipment                                                        (2,056)       (66,320)
     Net proceeds from sale of property and joint venture interest                                  --      7,327,000

     Distribution from joint venture                                                            43,000         79,500
                                                                                           -----------    -----------
          Net cash provided by investing activities                                             40,944      7,340,180
                                                                                           -----------    -----------
Financing activities:
     Principal payments on mortgage loans                                                      (93,014)    (6,035,253)
     Distribution to minority interest in consolidated venture                                      --       (117,541)
                                                                                           -----------    -----------
          Net cash used in financing activities                                                (93,014)    (6,152,794)
                                                                                           -----------    -----------
Net increase (decrease) in cash and equivalents                                                (57,716)       744,526
Cash and equivalents at beginning of period                                                    330,328        157,549
                                                                                           -----------    -----------
Cash and equivalents at end of period                                                      $   272,612        902,075
                                                                                           ===========    ===========
</TABLE>
                   Notes to Consolidated Financial Statements

                     Six months ended June 30, 2002 and 2001

Organization
------------

Realmark Property Investors Limited Partnership-II (the Partnership), a Delaware
limited partnership was formed on March 25, 1982, to invest in a diversified
portfolio of income-producing real estate investments. The general partners are
Realmark Properties, Inc. (the corporate general partner) and Joseph M. Jayson
(the individual general partner). Joseph M. Jayson is the sole stockholder of
J.M. Jayson & Company Inc. Realmark Properties, Inc. is a wholly-owned
subsidiary of J.M. Jayson & Company, Inc. Under the partnership agreement, the
general partners and their affiliates receive compensation for services rendered
and reimbursement for expenses incurred on behalf of the Partnership.

Basis of Presentation
---------------------

The accompanying interim financial statements have been prepared in accordance
with accounting principles generally accepted in the United States of America
and, in the opinion of management, contain all necessary adjustments for a fair
presentation. The Partnership's significant accounting policies are set forth in
its December 31, 2001 Form 10-K. The interim financial statements should be read
in conjunction with the financial statements included therein. The interim
results should not be considered indicative of the annual results.

                                       3
<PAGE>
Property and Equipment
----------------------

At June 30, 2002, the Partnership owned and operated an office complex in
Michigan (Northwind Office Park), and was a partner in two joint ventures. It
has a 50% interest in Research Triangle Industrial Park Joint Venture with the
other 50% owned by Realmark Property Investors Limited Partnership VI-A (RPILP
VI-A), an entity affiliated through common general partners. It also has a 50%
interest in Research Triangle Land Joint Venture. In 2001, the Venture sold a
portion of its land, with a gain of $202,000 allocated to the Partnership.

All of the Partnership and venture properties are being actively marketed for
sale and therefore, are not being depreciated. Depreciation expense not recorded
during the three and six month periods ended June 30, 2002 was approximately
$46,000 and $92,000, respectively. Depreciation expense not recorded during the
three and six month periods ended June 30, 2001 and was approximately $50,000
and $100,000, respectively. The sale agreement previously reported for Northwind
Office Park was terminated.

Investment in Research Triangle Industrial Park Joint Venture
-------------------------------------------------------------

The Venture owns and operates the Research Triangle Industrial Park West, an
office/warehouse facility located in Durham County, North Carolina. Summary
financial information of the Venture follows:
<TABLE>
<CAPTION>
                               Balance Sheet Information
                               -------------------------
                                                                          June 30,     December 31,
                                                                            2002           2001
                                                                        -----------    -----------
<S>                                                                     <C>            <C>
            Net property, held for sale                                 $ 1,473,368      1,473,368
            Cash and equivalents                                             13,965         55,158
            Escrow deposits                                                 899,600        876,539
            Other assets                                                    198,804        252,727
                                                                        -----------    -----------
                 Total assets                                           $ 2,585,737      2,657,792
                                                                        ===========    ===========
            Liabilities:
                 Mortgage loan payable                                    5,208,707      5,254,865
                 Accounts payable and accrued expenses                       73,422        134,234
                                                                        -----------    -----------
                                                                          5,282,129      5,389,099
                                                                        -----------    -----------
            Partners' deficit:
                 The Partnership                                         (1,248,781)    (1,266,238)
                 RPILP VI-A                                              (1,447,611)    (1,465,069)
                                                                        -----------    -----------
                                                                         (2,696,392)    (2,731,307)
                                                                        -----------    -----------
                 Total liabilities and partners' deficit                $ 2,585,737      2,657,792
                                                                        ===========    ===========
</TABLE>
                                       4
<PAGE>
<TABLE>
<CAPTION>
                              Operating Information
                              ---------------------

                                            Three months ended June 30,       Six months ended June 30,
                                            ---------------------------       -------------------------
                                                2002           2001               2002          2001
                                              --------       --------           --------      --------
<S>                                           <C>             <C>                <C>           <C>
Rental income                                 $199,907        182,620            361,646       401,240
Other                                           47,283         49,037             94,988        95,678
                                              --------       --------           --------      --------
     Total income                              247,190        231,657            456,634       496,918
                                              --------       --------           --------      --------
Property operating costs                        42,033         30,177             80,293        59,161
Interest                                       108,276        110,241            216,405       220,121
Administrative                                  28,841         13,973             39,022        32,966
                                              --------       --------           --------      --------
     Total expenses                            179,150        154,391            335,720       312,248
                                              --------       --------           --------      --------
     Net income                               $ 68,040         77,266            120,914       184,670
                                              ========       ========           ========      ========

  Allocation of net income:
       RPILP II                                 34,020         38,633             60,457        92,335
       RPILP VI-A                               34,020         38,633             60,457        92,335
                                              --------       --------           --------      --------
                                              $ 68,040         77,266            120,914       184,670
                                              ========       ========           ========      ========
</TABLE>














                                       5

<PAGE>
PART I - Item 2.  Management's Discussion and Analysis of Financial Condition
                  -----------------------------------------------------------
                  and Results of Operations
                  -------------------------

Liquidity and Capital Resources
-------------------------------

The net proceeds from the sale in 2001 of Foxhunt and a portion of the Research
Triangle land, were distributed to the Partnership and the minority interest in
the joint venture. The cash proceeds received by the Partnership were used to
satisfy delinquent Northwind liabilities, primarily real estate taxes, and to
complete improvements to the Northwind property. Although cash decreased
approximately $57,000 during the first six months of 2002, the partnership has
adequate cash remaining from the sales proceeds to fund capital improvements and
to make scheduled debt payments. The Partnership made no distributions to the
limited partners in 2002 or 2001.

Results of Operations
---------------------

As compared to the first six months of 2001, the Partnership's loss, excluding
Foxhunt Apartments, which was sold in March 2001, and before equity in earnings
from joint ventures decreased approximately $74,000 from a loss of $53,000 in
2001 to income of $21,000 in 2002.

Rental income at Northwind Office Park increased approximately $88,000 for the
first six months due to an increase in average rental rates. Other income
decreased $39,000, due primarily to $23,000 in insurance proceeds received in
June 2001 and a $16,000 decrease in interest income. The increase in income was
offset by an increase in property operating costs of $25,000, and a decrease in
interest expense of $6,000. The increase in property operating costs was
primarily attributable to an increase in payroll expense and cleaning costs.
Administrative expenses were consistent for the six months ended June 30, 2002
and 2001.

PART I - Item 3.  Quantitative and Qualitative Disclosures About Market Risk
                  ----------------------------------------------------------

The Partnership's cash equivalents are short-term, interest-bearing bank
accounts and its mortgage loans are fixed-rate. It has not entered into any
derivative contracts. Therefore, it has no market risk exposure.

PART II - OTHER INFORMATION
          -----------------

Item 1.  Legal proceedings
         -----------------

As previously reported, the Partnership, as a nominal defendant, the General
Partners of the Partnership and of affiliated public partnerships (the "Realmark
Partnerships") and the officers and directors of the Corporate General Partner,
as defendants, had been involved in a class action litigation in New York State
court. The Partnership's settlement of this litigation is described in its
Annual Report on Form 10-K for the year ended December 31, 2001.

Item 5.  Other Information
         -----------------

The Certification Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002 is attached as an exhibit in this
report.
                                       6
<PAGE>
                                   SIGNATURES
                                   ----------

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


REALMARK PROPERTY INVESTORS LIMITED PARTNERHIP - II


    August 14, 2002                              /s/ Joseph M. Jayson
    ---------------                              ----------------------------
          Date                                   Joseph M. Jayson,
                                                 Individual General Partner and
                                                 Principal Financial Officer

















                                       7
<PAGE>



                                     Exhibit





REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP - II CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY
ACT OF 2002.



        In connection with the Quarterly Report of Realmark Property Investors
Limited Partnership - II (the "Partnership") on Form 10-Q for the period ending
June 30, 2002 as filed with the Securities and Exchange Commission on the date
hereof (the "Report"), I, Joseph M. Jayson, Individual General Partner and
Principal Financial Officer, certify, pursuant to 18 U.S.C. ss. 1350, as adopted
pursuant to ss. 906 of the Sarbanes-Oxley Act of 2002, that to the best of my
knowledge:

        (1) The Report fully complies with the requirements of section 13(a) or
15(d) of the Securities Exchange Act of 1934; and

        (2) The information contained in the Report fairly presents, in all
material respects, the financial condition and result of the operations of the
Partnership.


    August 14, 2002                              /s/ Joseph M. Jayson
    ---------------                              ----------------------------
          Date                                   Joseph M. Jayson,
                                                 Individual General Partner and
                                                 Principal Financial Officer