Durst Organization

Lender

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Durst Organization NYC portfolio

$7.6 billion -office 80%, elevator 11%, condo 5%; Manhattan 88%, Queens 11%*

18th largest portfolio by dollar value

10,274,254 sqft – office 76%, elevator 16%, condo 6%; Manhattan 85%, Queens 14%

31th largest by SF

51 properties – Manhattan 66%, Queens 32%, Brooklyn 1%

173th largest

2,596 residential units – Queens 70%, Manhattan 29%

119th largest by residential units

0 foreclosures, 0 bankruptcies, 8 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $5 million

Seller company: 9 for $320.8 million

Borrower company: 8 for $2.6 billion

Top Ten Associated Companies:

Wells Fargo (8), JPMorgan Chase (5), David Werner Real Estate Investments (5), Citibank (4), 601West Companies (4), Bank of America (2), Ben-Josef Group Holdings (2), Metro Loft Management (1), Clipper Equity (1), M&T Bank (1)

Top Ten Associated People:

David Werner (5), Vasantha Ranganathan (2), Jeffrey L. Cirillo (2), Jessica Wong (2), Asaf Dror (2), David Arza (1), Dominick Guerriero (1), David Bistricer (1), Leeanne Martz (1), Leart Saliu (1)

Recent activity as company:

Durst Organization sold 138 West 44 Street for $12.6 million to Ben-Josef Group Holdings on April 24, 2026.

Durst Organization sold 140 West 44 Street for $5.4 million to Ben-Josef Group Holdings on April 24, 2026.

• Dupler Group sold 739 3 Avenue for $5 million to Durst Organization on December 15, 2025.

Durst Organization sold 81 East 124 Street for $50 million to Clipper Equity on November 25, 2025.

Durst Organization sold 205 East 42nd Street, 205 East 42nd Street, 205 East 42nd Street, 205 East 42nd Street, 205 East 42nd Street, and others, Grand Central, Manhattan for $11.3 million to David Werner Real Estate Investments and 601West Companies on November 10, 2025.

Durst Organization ground leased 205 East 42nd Street, 205 East 42nd Street, 205 East 42nd Street, 205 East 42nd Street, 205 East 42nd Street, and others, Grand Central, Manhattan valued at $61.4 million to David Werner Real Estate Investments and 601West Companies on November 10, 2025.

Durst Organization sold 205 East 42nd Street, 205 East 42nd Street, 205 East 42nd Street, 205 East 42nd Street, 205 East 42nd Street, and others, Grand Central, Manhattan for $62.2 million to David Werner Real Estate Investments and 601West Companies on November 10, 2025.

Durst Organization sold 205 East 42nd Street, 205 East 42nd Street, 205 East 42nd Street, 205 East 42nd Street, 205 East 42nd Street, and others, Grand Central, Manhattan for $15 million to David Werner Real Estate Investments and 601West Companies on November 10, 2025.

Durst Organization borrowed $1.3 billion from Wells Fargo, JPMorgan Chase and Bank of America for 1490 Broadway on August 05, 2025.

Durst Organization borrowed $190 million from Citibank for 739 3 Avenue on May 08, 2025.

Latest Stories:

• Clipper Equity pays $50M to Durst Organization for dev site in East Harlem (December 02, 2025)

• David Werner, 601West pay $150M to Durst for office in Grand Central, of $165M total reported (November 26, 2025)

• Durst feuds with Hell’s Kitchen ground landlord over reset of $6.8M leasehold rent (September 30, 2025)

• Metro Loft files conversion plans for 464 units at 675 Third in Grand Central (September 12, 2025)

• Durst ups debt to $1.3B in refi for office in Times Square (August 14, 2025)

• Durst Organization refis 3 Manhattan office buildings with $440M (May 22, 2025)

• Durst Organization signs $70M refi with Citibank for office in Murray Hill (May 06, 2025)

• David Werner, Metro Loft pay $100M to Durst in Grand Central for resi conversion (April 17, 2025)

• Durst signs $450M refi at 958-unit Sven in LIC, was on market for $800M (June 19, 2024)

• Durst signs $120M construction loan with Wells Fargo at two Hallets Point projects (April 03, 2024)

Court Records:

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Properties:

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