Durst Organization

Durst Organization portfolio

$4.4 billion* – office 83%, elevator 7%; Manhattan 92%, Queens 7%

12th largest portfolio by dollar value

10,756,212 sqft – office 75%, elevator 15%;

24th largest by SF

77 properties – Manhattan 72%, Queens 25%

121th largest

2,598 residential units – Queens 70%, Manhattan 29%

76th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Seller company: 1 for $2.5 million

Borrower company: 4 for $608.9 million

Top Ten Associated Companies:

Wells Fargo (6), JPMorgan Chase (2), Signature Bank (1), Library Hotel Collection (1), Jeannine Tientcheu (1), M&T Bank (1), Bank of America (1), Citibank (1), United Way of New York City (1)

Top Ten Associated People:

Aaron Greene (1), Imrich Henry Kallan (1), Leart Saliu (1), Jeannine Tientcheu (1), John G. Nicol (1), Leeanne Martz (1), Thomas P. Guiltinan (1)

Recent activity as company:

• Durst Organization borrowed $20 million from Wells Fargo for 27-02 1st Street and 27-50 1st Street, Astoria, Queens on June 18, 2024.

• Durst Organization borrowed $450 million from Wells Fargo for N/A Northern Boulevard, 29-37 41st Avenue, 29-11 41st Avenue, 29-37 Queens Plaza North, 29-15 41st Avenue, and others, Long Island City, Queens on June 18, 2024.

• Durst Organization sold 1937 Madison Avenue, East Harlem, Manhattan for $2.5 million to Jeannine Tientcheu on May 28, 2024.

• Durst Organization borrowed $18.9 million from Wells Fargo for 26-50 1st Street and 3-24 27th Avenue, Astoria, Queens on April 10, 2024.

• Durst Organization borrowed $120 million from Wells Fargo for 26-02 1st Street and 3-24 27th Avenue, Astoria, Queens on April 02, 2024.

• Durst Organization borrowed $200 million from JPMorgan Chase for 1472 Broadway, Times Square, Manhattan on September 28, 2022.

• Bruce Teitelbaum and Harry Sussman borrowed $165 million from MSD Partners for 44-02 Vernon Boulevard, 44-02 Vernon Boulevard, and 44-00 Vernon Boulevard, Long Island City, Queens on May 24, 2022.

• Durst Organization borrowed $100 million from JPMorgan Chase for 825 3rd Avenue, Midtown East, Manhattan on April 14, 2022.

• Durst Organization borrowed $127.5 million from Signature Bank for 1-02 26th Avenue, 1-02 26th Avenue, and 1-02 26th Avenue, Astoria, Queens on January 06, 2022.

• United Way of New York City sold 205 East 42nd Street, Midtown, Manhattan for $3 million to Durst Organization on September 20, 2021.