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Durst Organization puts 825 Third on the market, with a twist

Durst Organization puts 825 Third on the market, with a twist

The Durst Organization is hunting for a tenant or investor to rent 825 Third Avenue under a ground lease. The 40-story tower will be vacant by 2019, when the current lease with Advance Publications expires. Any ground-lease deal likely won’t include the customary up-front payment, the New York Post reported. Durst is gunning for steady rental income and seeks a tenant able to renovate the tower. CBRE is marketing the property. The building’s current occupants […]


Source: realdeal

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