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 period ended June 30, 2001

                                       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: 0-18149


                     DEAN WITTER REALTY YIELD PLUS II, L.P.
         ---------------------------------------------------------------
         (Exact name of registrant as specified in governing instrument)


               Delaware                                   13-3469111
        -----------------------               ---------------------------------
        (State of organization)               (IRS Employer Identification No.)

   2 World Trade Center, New York, NY                       10048
----------------------------------------                 ----------
(Address of principal executive offices)                 (Zip Code)


Registrant's telephone number, including area code: (800) 829-8585
                                                    --------------

Former name, former address and former fiscal year, if changed since last
report: not applicable

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 [ ]
<PAGE>

                         PART I - FINANCIAL INFORMATION
                         ------------------------------

Item 1.  Financial Statements

                     DEAN WITTER REALTY YIELD PLUS II, L.P.

                                 BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                 June 30,         December 31,
                                                                   2001              2000
-----------------------------------------------------------------------------------------------
<S>                                                             <C>                <C>
                                     ASSETS

Cash and cash equivalents                                       $ 1,194,655        $ 2,860,434

Other assets                                                             --              4,729
-----------------------------------------------------------------------------------------------

                                                                $ 1,194,655        $ 2,865,163
===============================================================================================


                        LIABILITIES AND PARTNERS' CAPITAL

Accounts payable and other liabilities                          $    84,817        $   177,244

Distributions payable to General Partners                           173,164            114,481
-----------------------------------------------------------------------------------------------

                                                                    257,981            291,725
-----------------------------------------------------------------------------------------------

Partners' capital (deficiency):
   General Partners                                               3,266,552          3,325,464
   Limited Partners ($500 per Unit, 173,164
      Units issued)                                              (2,329,878)          (752,026)
-----------------------------------------------------------------------------------------------

Total partners' capital                                             936,674          2,573,438
-----------------------------------------------------------------------------------------------

                                                                $ 1,194,655        $ 2,865,163
===============================================================================================
</TABLE>

                 See accompanying notes to financial statements.
<PAGE>

                     DEAN WITTER REALTY YIELD PLUS II, L.P.

                            STATEMENTS OF OPERATIONS

                Three and six months ended June 30, 2001 and 2000

<TABLE>
<CAPTION>
                                            Three months ended                  Six months ended
                                                 June 30,                          June 30,
                                           2001             2000             2001             2000
------------------------------------------------------------------------------------------------------
<S>                                      <C>              <C>              <C>              <C>
Revenues:
  Equity in earnings of
    joint venture                        $   5,199        $ 256,908        $   5,199        $ 583,993
  Interest and other                         9,851           24,275           37,715           64,321
------------------------------------------------------------------------------------------------------

                                            15,050          281,183           42,914          648,314
------------------------------------------------------------------------------------------------------

Expenses:
  General and administrative                21,148           19,945           45,203           36,714
------------------------------------------------------------------------------------------------------

Net (loss) income                        $  (6,098)       $ 261,238        $  (2,289)       $ 611,600
======================================================================================================

Net (loss) income allocated to:
  Limited Partners                       $  (5,488)       $ 235,114        $  (2,060)       $ 550,440
  General Partners                            (610)          26,124             (229)          61,160
------------------------------------------------------------------------------------------------------

                                         $  (6,098)       $ 261,238        $  (2,289)       $ 611,600
======================================================================================================

Net (loss) income per Unit of
limited partnership interest             $   (0.03)       $    1.36        $   (0.01)       $    3.18
======================================================================================================
</TABLE>

                 See accompanying notes to financial statements.
<PAGE>

                     DEAN WITTER REALTY YIELD PLUS II, L.P.

                   STATEMENT OF PARTNERS' CAPITAL (DEFICIENCY)

                         Six months ended June 30, 2001

<TABLE>
<CAPTION>

                                       Limited           General
                                       Partners          Partners            Total
---------------------------------------------------------------------------------------
<S>                                  <C>                <C>                <C>
Partners' capital (deficiency)
 at January 1, 2001                  $  (752,026)       $ 3,325,464        $ 2,573,438

Net loss                                  (2,060)              (229)            (2,289)

Distributions                         (1,575,792)           (58,683)        (1,634,475)
---------------------------------------------------------------------------------------

Partners' capital (deficiency)
 at June 30, 2001                    $(2,329,878)       $ 3,266,552        $   936,674
=======================================================================================
</TABLE>

                 See accompanying notes to financial statements.
<PAGE>

                     DEAN WITTER REALTY YIELD PLUS II, L.P.

                            STATEMENTS OF CASH FLOWS

                     Six months ended June 30, 2001 and 2000

<TABLE>
<CAPTION>
                                                                  2001               2000
---------------------------------------------------------------------------------------------
<S>                                                           <C>                <C>
Cash flows from operating activities:
   Net (loss) income                                          $    (2,289)       $   611,600
   Adjustments to reconcile net (loss) income to net
     cash (used in) provided by operating activities:
      Equity in earnings of joint venture                          (5,199)          (583,993)
      Decrease (increase) in other assets                           4,729             (1,159)
      (Decrease) increase in accounts payable and other
       liabilities                                                (92,427)            22,629
---------------------------------------------------------------------------------------------

         Net cash  (used in) provided by
           operating activities                                   (95,186)            49,077
---------------------------------------------------------------------------------------------

Cash flows from investing activities:
   Distributions from joint venture                                 5,199            909,792
   Contributions to joint venture                                      --           (254,600)
---------------------------------------------------------------------------------------------

         Net cash provided by investing
           activities                                               5,199            655,192
---------------------------------------------------------------------------------------------


Cash flows from financing activities:
  Distributions                                                (1,634,475)                --
  Increase in distributions payable to
    General Partners                                               58,683                 --
---------------------------------------------------------------------------------------------

       Net cash used in financing activities                   (1,575,792)                --
---------------------------------------------------------------------------------------------

(Decrease) increase in cash and cash equivalents               (1,665,779)           704,269

Cash and cash equivalents at beginning of period                2,860,434          1,377,357
---------------------------------------------------------------------------------------------

Cash and cash equivalents at end of period                    $ 1,194,655        $ 2,081,626
=============================================================================================
</TABLE>

                 See accompanying notes to financial statements.
<PAGE>

                     DEAN WITTER REALTY YIELD PLUS II, L.P.

                          Notes to Financial Statements

1.  The Partnership
    ---------------

Dean Witter Realty Yield Plus II, L.P. (the "Partnership") is a limited
partnership organized under the laws of the State of Delaware in 1988. The
Managing General Partner of the Partnership is Dean Witter Realty Yield Plus II
Inc., which is wholly-owned by Dean Witter Realty Inc. ("Realty").

The Partnership's last property investment was its 42% interest in the
partnership ("GCGA") which owned the One Congress Street property. GCGA sold the
property on August 31, 2000, and this sale has effectuated the dissolution of
the Partnership. However, the Partnership can't wind up its affairs and
distribute the balance of the Partnership's cash reserves until GCGA terminates
its operations (see Note 2). The Managing General Partner plans to terminate the
Partnership in 2001.

The Partnership's 42% share of the general partnership interest in GCGA was
accounted for on the equity method. The remaining 58% general partnership
interest in GCGA was owned by Dean Witter Realty Yield Plus, L.P. ("Yield
Plus"), an affiliate.

The Partnership's records are maintained on the accrual basis of accounting for
financial and tax reporting purposes.

Net (loss) income per Unit amounts were calculated by dividing net (loss) income
allocated to Limited Partners, in accordance with the Partnership Agreement, by
the weighted average number of Units outstanding.

In the opinion of management, the accompanying financial statements, which have
not been audited, include all adjustments, consisting only of normal recurring
accruals, necessary to present fairly the results for the interim periods.

These financial statements should be read in conjunction with the annual
financial statements and notes thereto included in the Partnership's annual
report on Form 10-K filed with the Securities and Exchange Commission for the
year ended December 31, 2000. Operating results of interim periods may not be
indicative of the operating results for the entire year.
<PAGE>

                     DEAN WITTER REALTY YIELD PLUS II, L.P.

                          Notes to Financial Statements


2.  Investments in Joint Venture
    ----------------------------

As part of the One Congress Street sale agreement, GCGA continues to be
responsible for completing the repair work it began relating to the parking
garage area of the property. At closing of the sale, $1.2 million was deducted
from the sale proceeds GCGA received, and placed in escrow to ensure that GCGA
would complete and pay for all the required repair work; the Partnership's 42%
share of such escrow deposit was $495,000. The Managing General Partner expects
that the remaining repair work will be completed in the Summer of 2001, and the
funds needed to complete such work will not exceed the amount of the escrow
deposit. GCGA can terminate its operations after GCGA determines that the
parking garage repair work has been satisfactorily completed.

Summarized income statements of GCGA is as follows:

<TABLE>
<CAPTION>
                                      Three months ended                     Six months ended
                                           June 30,                              June 30,
                                   2001               2000                2001              2000
-----------------------------------------------------------------------------------------------------
<S>                           <C>                <C>                 <C>                <C>
Revenue                       $     19,845       $  4,006,590        $     19,845       $  7,518,109
-----------------------------------------------------------------------------------------------------

Expenses:
  Interest on second
    mortgage loan                       --          2,130,685                  --          4,236,786
  Other interest                        --            944,801                  --          1,890,104
  Property operating                 7,466          1,971,281               7,466          3,281,602
  Depreciation and
    amortization                        --            714,073                  --          1,426,443
-----------------------------------------------------------------------------------------------------

                                     7,466          5,760,840               7,466         10,834,935
-----------------------------------------------------------------------------------------------------

Net income (loss)             $     12,379       $ (1,754,250)       $     12,379       $ (3,316,826)
=====================================================================================================
</TABLE>

The property was sold in August 2000. GCGA's second mortgage loan was a
participating mortgage loan from the Partnership (42%) and Yield Plus (58%). The
Partnership did not recognize interest income on its share of the second
mortgage loan; instead, the Partnership recognized its share of GCGA's earnings
exclusive of GCGA's interest expense on the second mortgage loan.
<PAGE>

                     DEAN WITTER REALTY YIELD PLUS II, L.P.

                          Notes to Financial Statements



3.  Related Party Transactions
    --------------------------

Realty performs administrative functions, processes investor transactions and
prepares tax information for the Partnership. During the six-month periods ended
June 30, 2001 and 2000, the Partnership incurred approximately $9,000 and
$16,500, respectively, for these services. These amounts are included in general
and administrative expenses.


4.  Distributions
    -------------

On February 27, 2001, the Partnership paid a distribution, to Limited Partners
only, of approximately $1,576,000 ($9.10 per Unit), consisting of $1,048,000
($6.05 per Unit) from the remaining proceeds from the sale of the One Congress
Street property and $528,000 ($3.05 per unit) from Partnership cash reserves.
The General Partners deferred receipt of their share (approximately $59,000) of
the distribution of cash reserves to ensure that the Partnership would have cash
on hand to cover all liabilities that may arise while the Partnership winds up
its affairs. The amounts deferred were charged against partners' capital and
recorded as distributions payable.

<PAGE>

                     DEAN WITTER REALTY YIELD PLUS II, L.P.


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS
         -----------------------------------------------------------------------

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

As discussed in Note 1 to the Financial Statements, the partnership ("GCGA")
which owned the One Congress Street property sold the property on August 31,
2000. The Partnership's interest in GCGA was the Partnership's only remaining
property interest. The Partnership dissolved pursuant to the terms of its
Partnership Agreement, effective August 31, 2000, the date on which the One
Congress Street property was sold. The Partnership plans to wind up its affairs,
distribute its remaining cash reserves and terminate its existence by filing a
certificate of cancellation in the office of the Delaware Secretary of State in
2001.

As discussed in Note 4 to the Financial Statements, on February 27, 2001, the
partnership paid, to Limited Partners only, a distribution of $9.10 per Unit.
The Partnership believes that its cash reserves are adequate for its needs until
it is terminated.

Except as discussed above and in the financial statements, the Managing General
Partner is not aware of any trends or events, commitments or uncertainties that
may have a material impact on liquidity.

Operations
----------

The decrease in the Partnership's equity in earnings of joint venture was due to
the loss of operating income resulting from the August 2000 sale of the One
Congress Street property.

There were no other individually significant factors which caused fluctuations
in the Partnership's operating results for the three- and six-month periods
ended June 30, 2001 compared to 2000.

Inflation
---------

Inflation has been consistently low during the periods presented in the
financial statements and, as a result, has not had a significant effect on the
operations of the Partnership or its properties.
<PAGE>

                     DEAN WITTER REALTY YIELD PLUS II, L.P.

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

Item 6.   Exhibits and Reports on Form 8-K.

          a)    Exhibits.
                None.

          b)    Reports on Form 8-K.
                Report on Form 8-K dated August 4, 2000 disclosing the
                contract to sell the One Congress Street property.


<PAGE>

                     DEAN WITTER REALTY YIELD PLUS II, L.P.


                                   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.

                                 DEAN WITTER REALTY YIELD PLUS II, L.P.

                                 By:  Dean Witter Realty Yield Plus II Inc.
                                      Managing General Partner


Date:  August 9, 2001            By:  /s/ E. Davisson Hardman, Jr.
                                      -----------------------------------
                                      E. Davisson Hardman, Jr.
                                      (President)


Date:  August 9, 2001            By:  /s/ Raymond E. Koch
                                      -----------------------------------
                                      Raymond E. Koch
                                      Vice President, Assistant Secretary
                                      and Controller
                                      (Principal Financial and
                                      Accounting Officer)