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

                                    FORM 10-Q


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

For the quarterly period ended September 30, 2008

                                       or

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

For the transition period from __________ to __________

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, Getzville, New York 14068
-------------------------------------------------
(Address of principal executive offices)

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

Indicate by 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 [ ]

Indicate by check mark whether the registrant is an accelerated filer
(as defined in Rule 12b-2 of the Exchange Act).      Yes  [ ]       No [X]
<PAGE>
Part I - FINANCIAL INFORMATION
Item 1. Financial Statements
        --------------------
<TABLE>
<CAPTION>
                                              Condensed Balance Sheets
                                              ------------------------

                                                                                   (Unaudited)
                                                                                   September 30,      December 31,
                                                                                       2008               2007
                                                                                  ---------------    -------------
<S>                                                                                   <C>              <C>
                   Assets
                   ------
Property and equipment, all held for sale                                             $ 4,863,356      4,863,356
Less accumulated depreciation                                                          (2,531,480)    (2,531,480)
                                                                                      -----------    -----------
                                                                                        2,331,876      2,331,876
Equity interest in unconsolidated
      joint ventures in excess of investment                                              359,594        634,047
Cash and equivalents                                                                      446,004        752,241
Accounts receivable                                                                         7,236          8,856
Receivable from affiliates                                                                 59,550         59,550
Other assets                                                                              480,700        126,101
                                                                                      -----------    -----------
     Total assets                                                                     $ 3,684,960      3,912,671
                                                                                      ===========    ===========

      Liabilities and Partners' Equity
      --------------------------------

Accounts payable and accrued expenses                                                      67,039         30,806
Other liabilities                                                                          43,315         44,455
Partners' equity                                                                        3,574,606      3,837,410
                                                                                                     -----------
                                                                                      -----------    -----------
     Total liabilities and partners' equity                                           $ 3,684,960      3,912,671
                                                                                      ===========    ===========
</TABLE>














                                       2
<PAGE>
<TABLE>
<CAPTION>
                                                  Condensed Statements of Operations
                                                  ----------------------------------
                                                                (Unaudited)

                                                   Three months ended Sept. 30,   Nine months ended Sept. 30,
                                                 -------------------------------  --------------------------
                                                    2008                2007         2008            2007
                                                 ---------           ---------    ---------        ---------
<S>                                              <C>                   <C>          <C>              <C>
Rental income                                    $ 219,420             218,691      644,882          637,440

Other income                                           393                 816        1,259            2,048
                                                 ---------           ---------    ---------        ---------
     Total income                                  219,813             219,507      646,141          639,488
                                                 ---------           ---------    ---------        ---------
Property operating costs                           143,347             178,909      453,015          451,484

Administrative expense - affiliates                 29,761              36,185       92,052          124,336
Other administrative expense                        18,984              22,235       89,425           78,471
                                                 ---------           ---------    ---------        ---------
     Total expenses                                192,092             237,329      634,492          654,291
                                                 ---------           ---------    ---------        ---------
Income (loss) before equity in earnings of
     joint ventures                                 27,721             (17,882)      11,649          (14,803)
Equity interest (loss) in earnings of joint
  ventures                                        (207,359)              2,964     (274,453)          13,471
                                                 ---------           ---------    ---------        ---------
     Net loss                                    $(179,638)            (14,858)    (262,804)          (1,332)
                                                 =========           =========    =========        =========

Net income (loss) per limited partnership unit      (17.42)              (1.44)      (25.49)            0.13
                                                 =========           =========    =========        =========
Weighted average limited partnership units
     outstanding                                    10,000              10,000       10,000           10,000
                                                 =========           =========    =========        =========
</TABLE>













                                       3

<PAGE>
<TABLE>
<CAPTION>
                                          Condensed Statements of Cash Flows
                                          ----------------------------------
                                                     (Unaudited)
                                                                                 Nine months ended September 30,
                                                                                --------------------------------
                                                                                   2008                  2007
                                                                                ------------          ----------
<S>                                                                                <C>                   <C>
Cash used in:
Operating activities:
     Net loss                                                                      $(262,804)            (1,332)

     Adjustments:
       Equity in earnings of joint ventures                                          274,453            (13,471)
       Other, principally changes in other assets and liabilities                   (317,886)           (34,761)
                                                                                   ---------          ---------
          Net cash used in operating activities                                      306,237            (49,564)
                                                                                   ---------          ---------
Net decrease in cash and equivalents                                                (306,237)           (49,564)
Cash and equivalents at beginning of period                                          752,241            775,650
                                                                                   ---------          ---------
Cash and equivalents at end of period                                              $ 446,004            726,086
                                                                                   =========          =========
</TABLE>































                                       4

<PAGE>
                          Notes to Financial Statements
                  Nine months ended September 30, 2008 and 2007
                                   (Unaudited)

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 unaudited interim financial statements have been prepared in
accordance with accounting principles generally accepted in the United States of
America and the instructions to Form 10-Q. Accordingly, they do not include all
of the information and notes required by accounting principles generally
accepted in the United States of America for complete financial statements. The
balance sheet at December 31, 2007 has been derived from the audited financial
statements at that date. In the opinion of management, all adjustments
(consisting of normal recurring adjustments) considered necessary for a fair
presentation, have been included. The Partnership's significant accounting
policies are set forth in its December 31, 2007 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.

Property and Equipment
----------------------

At September 30, 2008, 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.

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 nine month periods ended September 30, 2008 was
approximately $40,000 and $125,000 respectively. Depreciation expense not
recorded during the three and nine month periods ended September 30, 2007 was
approximately $43,000 and $128,000, respectively.

Tender Offer
------------

On May 6, 2008, an unrelated third party filed a tender offer with the
Securities Exchange Commission under Schedule TO to purchase all units of
limited partnership interest of the Partnership. Certain units (10.7%) have been
transferred as a result of the TO. Refer to TO related filings for additional
information.
                                       5
<PAGE>
                          Notes to Financial Statements
                  Nine months ended September 30, 2008 and 2007
                                   (Unaudited)

Investment in Joint Venture
---------------------------

The Partnership has a 50% interest in Research Triangle Industrial Park Joint
Venture (the Venture) with Realmark Property Investors Limited Partnership - VIA
(RPILP - VIA), an entity affiliated through common general partners, owning the
other 50%. The Venture owned the Research Triangle Industrial Park West, an
office/warehouse facility located in Durham County, North Carolina, which was
sold in December 2006. Summary financial information of the Venture follows:
<TABLE>
<CAPTION>
                                              Balance Sheet Information
                                              -------------------------
                                                                              September 30,     December 31,
                                                                                  2008              2007
                                                                              ------------      -----------
<S>                                                                            <C>                   <C>
Assets:
     Cash and equivalents                                                      $    1,767            1,041
     Receivable from affiliates                                                   877,490        1,056,840
     Accrued interest receivable                                                  147,882           84,504
     Other assets                                                                  20,661           20,661
                                                                               ----------       ----------
                      Total assets                                             $1,047,800        1,163,046
                                                                               ==========       ==========

Liabilities:
     Accounts payable and accrued expenses                                        116,642           33,050
     Payable to affiliates                                                        424,078           74,010
                                                                               ----------       ----------
                      Total liabilities                                           540,720          107,060
                                                                               ----------       ----------
Partners' equity:
     The Partnership                                                              253,540          527,993
     RPILP - VI A                                                                 253,540          527,993
                                                                               ----------       ----------
                                                                                  507,080        1,055,986
                                                                               ----------       ----------
                      Total liabilities and partners' equity                   $1,047,800        1,163,046
                                                                               ==========       ==========
</TABLE>










                                       6
<PAGE>
<TABLE>
<CAPTION>
                                                Operating Information
                                                ---------------------

                                                  Three months ended September 30,       Nine months ended September 30,
                                                 ----------------------------------     ---------------------------------
                                                      2008                  2007            2008                  2007
                                                  ---------               ---------       ---------             ---------
<S>                                               <C>                        <C>             <C>                   <C>
Interest income                                   $  21,126                  21,126          63,378                63,378
Other                                                    --                      10              --                 6,810
                                                  ---------               ---------       ---------             ---------
     Total income                                    21,126                  21,136          63,378                70,188
                                                  ---------               ---------       ---------             ---------

Property operating costs                                 --                      --              --                 7,084
Interest                                                275                      --             790                   239
Administrative                                      435,569                  15,208         611,494                35,923
                                                  ---------               ---------       ---------             ---------
     Total expenses                                 435,844                  15,208         612,284                43,246
                                                  ---------               ---------       ---------             ---------
     Net income (loss)                            $(414,718)                  5,928        (548,906)               26,942
                                                  =========               =========       =========             =========
Allocation of net income (loss):
     The Partnership                               (207,359)                  2,964        (274,453)               13,471
     RPILP - VI A                                  (207,359)                  2,964        (274,453)               13,471
                                                  ---------               ---------       ---------             ---------
                                                  $(414,718)                  5,928        (548,906)               26,942
                                                  =========               =========       =========             =========
</TABLE>
Joint Venture Results of Operations
-----------------------------------

As compared to the first nine months of 2007, the Joint Venture's administrative
expenses increased approximately $420,000 due to an increase in professional
fees.

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

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

Effective January 1, 2001, management began formally marketing all remaining
properties in the Partnership for sale. The Partnership continues to maintain a
cash position adequate to fund capital improvements. Cash decreased
approximately $ 306,000 and $50,000 during the first nine month period ended
September 30, 2008 and 2007, respectively. The Partnership made no distributions
to limited partners in the first nine months of 2008 and 2007. In accordance
with the settlement of the lawsuit (Part II, Item 1), it is anticipated that
with the sale of the remaining property and joint ventures, the Partnership may
be in a position to make distributions to the limited partners.


                                       7
<PAGE>
Results of Operations
---------------------

As compared to the first nine months of 2007, the Partnership's income,
excluding equity in earnings from joint ventures, increased approximately
$26,000 from a net loss of $14,803 in 2007 to a net income of $11,649 in 2008.

Total expenses decreased approximately $19,000. Property operations increased
approximately $2,000, primarily due to increased utility and maintenance costs.
Other administrative expense increased approximately $11,000 due to an increase
in professional fees. Administrative expense to affiliates decreased
approximately $32,000 due to an decrease in portfolio management fees.

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

The Partnership's cash equivalents are short-term, interest-bearing bank
accounts.

PART I - Item 4. Controls and Procedures
                 -----------------------

Disclosure Controls and Procedures: The Partnership's management, with the
participation of the Partnership's Individual General Partner and Principal
Financial Officer, has evaluated the effectiveness of the Partnership's
disclosure controls and procedures (as such term is defined in Rule 13a-15(e)
under the Securities Exchange Act of 1934, as amended) as of the end of the
period covered by this report. Based upon such evaluation, the Partnership's
Individual General Partner and Principal Financial Officer have concluded that,
as of the end of such period, the Partnership's disclosure controls and
procedures are effective.

Internal Control Over Financial Reporting: There have been no significant
changes in the Partnership's internal control over financial reporting (as
defined in Rule 13a-15(f) under the Securities and Exchange Act of 1934, as
amended) during the fiscal quarter to which this report relates that have
materially affected, or are reasonably likely to materially affect, the
Partnership's internal control over financial reporting.

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, 2007.

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

        Reports on Form 8-K

            None.

                                       8
<PAGE>
Item 6. Exhibits
        --------

        31. Certification Pursuant to Rule 13a-14(a), as Adopted Pursuant to
            Section 302 of the Sarbanes-Oxley Act of 2002.

        32. Certification Pursuant to 18 U.S.C. Section 1350, as Adopted
            Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.


















































                                       9
<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


              November 14, 2008                  /s/ Joseph M. Jayson
              -----------------                  ------------------------------
                    Date                         Joseph M. Jayson,
                                                 Individual General Partner and
                                                 Principal Financial Officer










































                                       10