Lucas Durst
Durst Organization
Owner
Durst Organization NYC portfolio
$7.6 billion -office 80%, elevator 11%, condo 5%; Manhattan 88%, Queens 11%*
19th 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%
177th largest
2,596 residential units – Queens 70%, Manhattan 29%
122th largest by residential units
0 foreclosures, 0 bankruptcies, 8 other court cases.
Person Activity past 24 months:
Borrower signatory: 7 for $2.5 billion
Top Ten Associated Companies:
Wells Fargo (8), JPMorgan Chase (5), Citibank (2), Bank of America (1), M&T Bank (1), Signature Bank (1)
Top Ten Associated People:
Vasantha Ranganathan (2), Jeffrey L. Cirillo (2), Jessica Wong (2), David Arza (1), Dominick Guerriero (1), Leeanne Martz (1), Leart Saliu (1), John G. Nicol (1), Aaron Greene (1)
Recent activity as signatory:
• 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.
• Durst Organization borrowed $250 million from Wells Fargo and JPMorgan Chase for 1165 Avenue Of The Americas on May 08, 2025.
• Durst Organization borrowed $106.4 million from JPMorgan Chase for 825 Third Avenue, 825 Third Avenue, 825 Third Avenue, 825 Third Avenue, 825 Third Avenue, and others, Midtown East, Manhattan on April 02, 2025.
• Durst Organization borrowed $225 million from Citibank for 657 3 Avenue on April 01, 2025.
• Durst Organization borrowed $20 million from Wells Fargo for 27-24 1 Street on June 07, 2024.
• Durst Organization borrowed $450 million from Wells Fargo for 29-19 41 Avenue on May 31, 2024.
• Durst Organization borrowed $18.9 million from Wells Fargo for 20 Halletts Point on April 04, 2024.
• Durst Organization borrowed $120 million from Wells Fargo for 20 Halletts Point on March 21, 2024.
• Durst Organization borrowed $200 million from JPMorgan Chase for 1490 Broadway on September 22, 2022.
Latest Stories:
• Clipper Equity pays $50M to Durst Organization for dev site in East Harlem (December 02, 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)
• Durst signs $450M refi at 958-unit Sven in LIC, was on market for $800M (June 19, 2024)
• Durst Organization adds $200M in debt from JPMorgan Chase at 4 Times Square (September 29, 2022)
• Durst signs $87.5M refi with M&T Bank for dev site in East Harlem (September 15, 2021)