Durst Ventures

What Durst Ventures does

The Durst Organization, marketed as Durst Ventures, is a family-owned real estate company founded in 1915 that builds, owns, and operates Class A commercial office and residential properties in New York City and Philadelphia. The portfolio spans approximately 16 million square feet of commercial space and 4,000 rental apartments, anchored by trophy Manhattan assets including One World Trade Center (developed through a public-private partnership with the Port Authority of New York and New Jersey), One Bryant Park (LEED Platinum), One Five One (the first sustainable skyscraper in the United States), 114 West 47th Street, 825 Third Avenue, and 1155 Avenue of the Americas, alongside residential developments such as VIA 57 West, HELENA 57 West, FRANK 57 West, EŌS, Sven, and the 2.4M SF Halletts Point waterfront project in Astoria, Queens.

The company's technology stack centers on sustainable building operations: portfolio-wide LEED Gold and Platinum certifications under LEED v4 Existing Buildings: Operations + Maintenance, Dynamic View smart glass installations at 825 Third Avenue, the Durst Ready sub-brand offering pre-furnished and move-in-ready office space with Knoll Furniture and sit/stand desks, and the Well& by Durst hospitality amenity platform (launched 2017) operating food halls, event venues, wine bars, and tenant lounges across the commercial portfolio. Capital reinvestment is material and ongoing, with $130-150M improvement programs concurrently underway at 825 Third Avenue, One Five One, and 1155 Avenue of the Americas.

Revenue is generated primarily through multi-year subscription-style commercial office leases and recurring residential rent, supplemented by retail space leasing, amenity and event space services, and select advisory and partnership income. The go-to-market combines an internal enterprise leasing team with broker channel partnerships (CBRE joint representation, KSR New York exclusive representation). Customer mix is heavily weighted to enterprise tenants across financial services, legal, insurance, TAMI sectors, and government, with Bank of America as the largest single anchor at 2.44 million square feet across One Bryant Park under a 20-year term. The company is privately held with no external PE/VC backing and operates with 501-1,000 employees headquartered at 1155 Avenue of the Americas, New York.

Name

Durst Ventures

Legal name

The Durst Organization

Website

https://durst.org

Company type

Private

Founded year

1915

Operating status

Operating

Headcount range

501–1,000 employees

Short description

The Durst Organization is a family-owned NYC real estate firm founded in 1915 that owns and operates approximately 16 million square feet of Class A commercial office space and 4,000 rental apartments across Manhattan, Queens, and Philadelphia, anchored by trophy LEED-certified assets such as One World Trade Center and One Bryant Park.

Ownership category

akta.pro rank

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Marketing or Sales

Revenue model

1. Commercial Office Leasing: Revenue generated from leasing Class A office space across Manhattan portfolio including One World Trade Center, One Bryant Park, One Five One, and multiple Midtown properties. Space is leased on multi-year terms to enterprise tenants.
2. Residential Rental: Income from 4,000 rental apartments across residential properties including VIA 57 West, HELENA 57 West, FRANK 57 West, EŌS, Sven, and Halletts Point. Monthly rental payments constitute recurring revenue.
3. Retail Space Leasing: Ground floor and retail space leasing across commercial properties including storefronts at 825 Third Avenue, 1155 Avenue of the Americas, and Historic Front Street commercial units.
4. Amenity and Event Space Services: Revenue from Well& by Durst food halls, event spaces, and hospitality services within tenant buildings, including catering and venue rentals.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

The Durst Organization, doing business as Durst Ventures, develops, owns, and operates Class A commercial office towers, retail space, and residential rental apartments across New York City (Manhattan and Queens) and Philadelphia. It leases roughly 16 million square feet of commercial space and 4,000 residential units, and operates standalone programs including Durst Ready furnished offices and the Well& by Durst hospitality amenity platform. Revenue is generated primarily through multi-year commercial leases, residential rental income, retail leases, and amenity services.

Product overview

Durst Ventures operates as The Durst Organization, a family-run real estate company managing 16 million square feet of Class A properties including premier Manhattan office towers and 4,000 rental apartments. The company offers a portfolio of commercial and residential properties across New York City (Manhattan, Queens) and Philadelphia. Key product offerings include: Durst Ready (furnished, move-in ready office spaces), Well& by Durst (hospitality-focused tenant amenities), and individual Class A commercial properties including One World Trade Center, One Bryant Park, and One Five One. The portfolio also includes residential properties like VIA 57 West, HELENA 57 West, FRANK 57 West, EOS, Sven, and the Halletts Point development. The company differentiates through sustainability leadership (LEED certifications) and amenity offerings.

Differentiator

Problem solved

Functional benefit

Brands

• Well& by Durst: Hospitality-focused food, meeting, and event spaces for tenants at Durst properties, launched in 2017
• Durst Ready

Products and services

• Commercial Property Leasing Leasing of Class A commercial office and retail space across Manhattan, Queens, and Philadelphia properties, including full-floor and partial-floor offices, ground-floor retail storefronts, and headquarters opportunities such as the 600,000 SF block at 114 West 47th Street. Targeted at enterprise tenants in TAMI, financial services, legal, and professional services sectors.
• Residential Property Leasing Rental apartments across residential properties including VIA 57 West, HELENA 57 West, FRANK 57 West, EŌS, Sven, and Halletts Point, comprising approximately 4,000 rental units in Manhattan and Queens ranging from studios to multi-bedroom configurations.
• Durst Ready Office Pre-furnished, wired, move-in ready office space featuring Knoll Furniture, sit/stand desks, and LED lighting, designed to combine the agility of flexible office space with the reliability of a family-owned real estate company. Marketed to mid-market tenants seeking expedited occupancy.
• Well& by Durst Hospitality-focused tenant amenity brand offering food halls, meeting spaces, event venues, and wellness facilities across Durst's commercial properties, including the 64th-floor amenity space at One World Trade Center and the 45,600 SF amenity floor at One Five One. Provides elevated dining and event experiences for tenants with catering and venue rentals.

Quantifiable outcome

• 97% occupancy at One World Trade Center
• +2 more outcomes

Named customers18 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered flagship, core and minor.

• Port Authority of New York and New JerseyflagshipStrategic or Co-development PartnerPublic-private partnership between The Durst Organization and the Port Authority for the development of One World Trade Center, the tallest building in the Western Hemisphere. This landmark development represents a core strategic partnership for Durst's flagship property.
• CBREcoreChannel Partner/ Reseller/ DistributorJoint leasing representation agreement for major transactions. CBRE works alongside Durst's internal leasing team to market and lease significant spaces including the 600,000 SF headquarters opportunity at 114 West 47th Street.
• HOKcoreImplementation/ SI/ Consulting PartnerArchitecture and design firm engaged for renovations at 114 West 47th Street, including reimagined lobby and amenity spaces design for the 26-story building.
• KSR New YorkcoreChannel Partner/ Reseller/ DistributorExclusive broker representation for Historic Front Street commercial retail spaces. KSR New York brokers Zach Nathan, Brandon Berger, and Hunter Lazan handle all leasing for the Seaport North mixed-use development.
• McEnroe Organic Farm / Model Organic Farm FoundationminorStrategic or Co-development PartnerCo-founding partnership between Durst and McEnroe families in The Model Organic Farm Foundation, a nonprofit operating one of the largest organic farms in New York State. Reflects Durst's commitment to sustainability and community.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• SL Green Realty Corp. Largest office landlord in Manhattan, directly comparable as a Class A office owner in the same Midtown and Downtown submarkets where Durst operates. Both target financial services and TAMI tenants in trophy assets.
• Vornado Realty Trust: Major Manhattan office REIT concentrated in Penn District and Midtown, with a similar tenant mix to Durst and comparable exposure to financial services and trophy asset revaluation.
• Empire State Realty Trust: Owner of the Empire State Building and a Manhattan office portfolio, with a comparable focus on Class A office and a similar TAMI/financial services tenant base.
• Boston Properties: Major publicly-traded office REIT with significant NYC presence and trophy Class A product, comparable to Durst's premium positioning and enterprise tenant focus.
• Tishman Speyer: Private global real estate investor with a meaningful Manhattan office portfolio (including Rockefeller Center), competing for the same trophy office tenants and large HQ transactions as Durst.
• Related Companies: Large private NYC developer with mixed-use, residential, and commercial product comparable to Durst's portfolio mix, including major office towers and luxury residential in Manhattan.
• Rudin Management Company: Long-tenured NYC family-owned real estate operator with a comparable Manhattan office and residential portfolio, similar family-controlled governance model to Durst.
• LeFrak Organization: Family-owned NYC real estate company with large-scale mixed-use and residential developments, comparable to Durst's Halletts Point residential strategy and family-controlled structure.
• RXR Realty: Private NYC real estate operator with a Class A office and mixed-use portfolio, directly competing in Midtown Manhattan for similar enterprise tenants and HQ transactions.

Broad incumbents

• Brookfield Property Partners: Large global real estate platform with significant Manhattan office exposure (formerly including Brookfield Place and other assets), competing for the same institutional office tenants at scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Durst Ventures