The $190 Million Secret Of 733 Third Avenue: 5 Reasons This Midtown East Tower Is NYC's Greenest Corporate Hub
As of late 2025, 733 Third Avenue remains one of the most stable and strategically important Class A office buildings in the heart of Manhattan’s Midtown East market. Far from being an aging structure, this 24-story tower has secured its future as a premier corporate destination, recently backed by a massive nine-figure financial deal and serving as the headquarters for major global firms. Its enduring success is a testament to continuous, forward-thinking repositioning by its managing owner.
The building, situated on the southeast corner of Third Avenue and 46th Street, has cemented its status as a modern commercial center, blending classic New York architecture with cutting-edge sustainability. With its recent $190 million refinancing and a host of corporate tenants making long-term commitments, 733 Third Avenue is a definitive case study for the revitalization of the Grand Central commercial district.
The Durst Organization’s Strategic Vision and Financial Stability
The history of 733 Third Avenue is inextricably linked to one of New York City’s most storied real estate dynasties: The Durst Organization. Built in 1961, the tower was designed by the renowned architectural firm Emery Roth & Sons, responsible for shaping much of the mid-century Manhattan skyline.
The Durst Organization has continuously invested in the property, ensuring it remains competitive in the demanding Midtown East market. A key development in its recent history was a complete renovation of the entry, lobby, and elevator cabs, completed around 2005, which modernized the building’s aesthetic and infrastructure.
A $190 Million Vote of Confidence
In a significant financial move that underscored the building's long-term value, the property, along with 17 office condo units at 205 East 42nd Street, secured a substantial $190 million refinancing deal. This transaction, overseen by Douglas Durst, highlights the strong institutional confidence in the Grand Central commercial corridor and the quality of Durst’s assets.
The deal not only provides financial stability but also positions 733 Third Avenue for continued capital improvements and tenant retention, ensuring its status as a Class A property for years to come.
The Green Revolution: LEED Gold and Sustainable Features
One of the most compelling aspects of 733 Third Avenue’s modern identity is its commitment to environmental responsibility. The building's sustainable features are a major draw for corporate tenants prioritizing ESG (Environmental, Social, and Governance) goals.
LEED Gold Certification
In 2018, 733 Third Avenue achieved LEED Gold certification under the LEED v4 Existing Buildings: Operations + Maintenance program. This rigorous certification is a clear indicator of the tower's superior operational efficiency, water reduction strategies, and commitment to occupant well-being.
The building’s environmental strategy includes several key elements:
- Green Roofs and Terraces: The property features 7,107 square feet of green roofs, which help manage stormwater runoff, reduce the urban heat island effect, and provide exclusive outdoor terraces for tenants.
- Renewable Energy: The tower utilizes renewable wind power for a portion of its electricity, reducing its carbon footprint.
- Waste Management: The building actively participates in sustainability programs, including the Empire Building Challenge, focusing on initiatives like organics waste collection throughout New York City.
A Premier Corporate Hub: Notable Tenants and Location Advantages
With approximately 445,000 square feet of multi-tenant office space, 733 Third Avenue serves as a critical hub for high-profile financial, accounting, and technology firms.
The EisnerAmper Headquarters
One of the most significant recent tenant moves was the establishment of EisnerAmper’s new New York City headquarters. The accounting and business advisory firm’s state-of-the-art office fit-out, designed by architect FCA, was a celebrated project, winning a 2021 Corenet Award for Excellence and an IFMA Award.
This commitment by a major firm like EisnerAmper underscores the building's appeal for companies seeking modern, amenity-rich, and strategically located office space.
Key Corporate Entities
The building’s tenant roster is diverse and high-caliber, reflecting its status in the Grand Central market. Notable entities include:
- EisnerAmper: Major accounting and business advisory firm.
- Fujitsu North America: A global technology leader that recently renewed its lease.
- Cohen & Company: A prominent financial services firm.
- Rosenberg & Estis, P.C.: A major New York real estate law firm.
In addition to these tenants, the building's leasing and management involves numerous other entities, including brokerage firms like Lee & Associates, Savills, Colliers International, and Newmark, all of whom recognize 733 Third Avenue as a prime commercial asset.
Unrivaled Grand Central Access
The building's location in the Turtle Bay neighborhood offers unparalleled access to transportation, a crucial factor for any major corporate headquarters.
- Grand Central Terminal: Located just two blocks away, providing immediate access to the Metro-North Railroad for suburban commuters from New York (NY) and Connecticut (CT).
- NYC Subway: Direct access to major subway lines, including the 4, 5, 6 trains, and the 42nd Street Shuttle (S), connecting tenants to virtually all parts of Manhattan and the outer boroughs.
- LIRR (Long Island Rail Road): The recent opening of LIRR service at Grand Central Madison further enhances the building's connectivity to Long Island.
The surrounding area is a vibrant mix of commercial activity, high-end dining, and essential services, making it an ideal environment for a modern workforce.
733 Third Avenue’s Legacy and Future Outlook
The building at 733 Third Avenue stands as a powerful symbol of Midtown East's resilience and capacity for reinvention. From its inception by Emery Roth & Sons to its current LEED Gold status and recent $190 million refinancing, the Durst Organization has ensured the property remains a leader in the competitive New York City commercial landscape.
Its strategic location near Grand Central Terminal, combined with its modern, sustainable features, makes it a highly desirable address for companies like EisnerAmper and Fujitsu North America. As New York City’s office market continues to evolve, 733 Third Avenue serves as a blueprint for how classic commercial properties can be successfully repositioned to meet the demands of the 21st-century corporate world, focusing on environmental stewardship and tenant experience. Its story is one of enduring quality and continuous, smart investment.
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