{"id":14794,"date":"2025-10-24T11:22:10","date_gmt":"2025-10-24T11:22:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/14794\/"},"modified":"2025-10-24T11:22:10","modified_gmt":"2025-10-24T11:22:10","slug":"david-werner-leading-165m-acquisition-of-dursts-205-east-42nd-street-sources-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/14794\/","title":{"rendered":"David Werner Leading $165M Acquisition of Durst\u2019s 205 East 42nd Street: Sources \u2013 Commercial Observer"},"content":{"rendered":"

David Werner Real Estate Investments<\/a> is leading a $165 million acquisition of the Durst Organization<\/a>\u2019s office building at 205 East 42nd Street, Commercial Observer has learned.<\/p>\n

The sale of the 21-story Midtown Manhattan office property, which was developed by the Durst family in 1927, is expected to close \u201cimminently,\u201d sources told CO. The Promote reported<\/a> in late September that 601W Companies<\/a> was in contract to buy the building steps from Grand Central Terminal, but the developer is a minority partner in the deal, while David Werner has a majority stake, according to sources.<\/p>\n

SEE ALSO: Comras Under Contract to Buy Prime Miami Retail Portfolio From Morgan Stanley<\/a><\/p>\n

A partial residential conversion of 205 East 42nd is being considered, sources said.\u00a0<\/p>\n

The purchase marks something of a trend for David Werner, who has been targeting<\/a> office-to-resi transformations in partnership with MetroLoft Management at neighboring buildings at 675 Third Avenue along with 235 East 42nd Street<\/a> and 219 East 42nd Street<\/a>. With the purchase of 205 East 42nd, a contiguous strip would be mapped out for the developer.\u00a0<\/p>\n

Current anchor tenants in the 532,000-square-foot building at 205 East 42nd include City University of New York, Fedcap Rehabilitation Services and United Way of New York City, according to Durst.<\/p>\n

Newmark<\/a> arranged the sale with a team led by Adam Spies, Doug Harmon, Adam Doneger, Josh King and Marcella Fasulo.\u00a0<\/p>\n

David Werner Real Estate Investments, Durst Organization, 601W and Newmark did not immediately return requests for comment.<\/p>\n

Andrew Coen can be reached at acoen@commercialobserver.com<\/a>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"David Werner Real Estate Investments is leading a $165 million acquisition of the Durst Organization\u2019s office building at…\n","protected":false},"author":2,"featured_media":14795,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[10909,10910,10911,10912,10913,75,84,83,10914,9,24,63],"class_list":{"0":"post-14794","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-manhattan","8":"tag-adam-doneger","9":"tag-adam-spies","10":"tag-david-werner","11":"tag-doug-harmon","12":"tag-josh-king","13":"tag-manhattan","14":"tag-manhattan-headlines","15":"tag-manhattan-news","16":"tag-marcella-fasulo","17":"tag-new-york","18":"tag-new-york-city","19":"tag-nyc"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/14794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=14794"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/14794\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/14795"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=14794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=14794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=14794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}