5 Shocking New Updates Inside 733 Third Avenue NYC: The $190M Midtown East Powerhouse
The iconic 733 Third Avenue in New York City is not just another Midtown East skyscraper; it is a dynamic commercial hub undergoing continuous evolution, with major financial and leasing activity defining its status in the 2025 market. This prestigious Class A office tower, strategically located in the Turtle Bay neighborhood near Grand Central Station, continues to attract top-tier corporate tenants, cementing its reputation as a cornerstone of Manhattan’s business district. The building's recent activity, including a massive refinancing deal and a flurry of new leases, underscores the enduring value of modernized, well-managed commercial real estate, even in a shifting economic landscape.
As of late 2024 and early 2025, the property is buzzing with news, from significant financial transactions executed by its owner, The Durst Organization, to the expansion of its flexible office offerings. The building, which spans 23 stories and offers approximately 445,000 square feet of prime commercial space, remains a focal point for major companies seeking a central, high-quality, and amenity-rich New York City address. Its LEED Gold certification and state-of-the-art infrastructure make it a competitive choice for modern enterprises.
Building Profile and Ownership: The Durst Organization’s Midtown Gem
The history and profile of 733 Third Avenue are intrinsically linked to one of New York City’s most storied real estate families, The Durst Organization. Built around 1960 and 1961, the tower stands prominently on the corner of Third Avenue and East 46th Street, a nexus for commerce and transit.
- Location: 733 Third Avenue, New York, NY 10017 (Midtown East / Turtle Bay)
- Building Class: Class A Office Tower
- Owner/Manager: The Durst Organization
- Year Built: 1960–1961
- Stories: 23
- Total Square Footage: Approximately 445,000 square feet
- Sustainability: LEED Gold Certified
- Key Features: White marble attended lobby, exclusive outdoor terraces, and green roofs.
The Durst Organization, known for its long-term ownership and commitment to sustainability, has continuously updated and maintained the property to meet contemporary tenant demands. This commitment is evident in the building's prestigious LEED Gold certification, a mark of its superior environmental performance and efficiency. The building's location offers unparalleled access to Grand Central Terminal, making it a highly desirable address for companies with a global and national presence.
The Latest Financial and Leasing Transactions Defining 2025
The most significant recent developments at 733 Third Avenue are centered on its financial stability and aggressive leasing strategy, highlighting the building's strong position in the Manhattan commercial market.
A Massive $190 Million Refinance Deal
In a major financial move that signaled confidence in the Midtown East market, The Durst Organization secured a substantial $190 million refinancing package for the property. This transaction, which also involved the nearby 205 East 42nd Street, is a clear indicator of the building’s strong underlying value and the owner's ability to attract significant capital. The financing helps stabilize the asset and provides capital for future upgrades, ensuring the building remains competitive against newer construction in the area.
The Rise of "DurstReady" and New Tenant Leases
The Durst Organization has been strategically utilizing its "DurstReady" program, a flexible office solution that caters to companies seeking pre-built, high-end, and immediately available office suites. This agile offering allows tenants to sign leases for varying terms, including those as short as six months, a crucial feature in today's dynamic business environment.
Recent leasing activity underscores the success of this strategy:
- Renewals and Expansions: Three key tenants—Fujitsu America, Marwood Group, and Continental Industries Group—recently committed to renewing their leases. These transactions, which totaled approximately 9,387 square feet, demonstrate the high tenant retention rate and the building's ability to satisfy a diverse mix of corporate needs.
- Available Space: The DurstReady spaces are currently available on floors such as the 10th and 19th, offering a modern, turn-key solution for businesses looking to quickly establish or expand their presence in Manhattan.
This mix of long-term renewals and flexible leases positions 733 Third Avenue as a resilient and adaptable office environment, appealing to both established corporations and growing firms.
The Corporate Powerhouses Calling 733 Third Avenue Home
The tenant roster at 733 Third Avenue is a testament to its Class A status, featuring a compelling mix of financial, accounting, and technology entities. The building serves as the headquarters for several major firms, adding significant prestige and topical authority to the property's profile.
EisnerAmper: A State-of-the-Art Headquarters
One of the most notable tenants is the accounting and business advisory firm, EisnerAmper, which relocated its New York City headquarters to five floors within the tower. This move was a major commitment to the Midtown East location and resulted in a state-of-the-art workspace designed for the future of business. The design of the new EisnerAmper office, led by Francis Cauffman Architects (FCA), was highly acclaimed, earning the "Top New York City 2020 Design & Construction of a New Facility" award from the International Facility Management Association (IFMA).
The EisnerAmper space is a prime example of the modern office environment: collaborative, technologically advanced, and focused on employee wellness. The firm’s presence firmly establishes 733 Third Avenue as a hub for professional services.
Other Key Entities
Beyond EisnerAmper, the building is home to a robust list of entities, including:
- Fujitsu North America: A major technology and IT services firm that recently renewed its commitment to the address.
- Cohen & Company: A prominent financial services and accounting firm.
- Praedium Group: A real estate investment management firm.
- Continental Industries Group: An industrial holding company.
- Marwood Group: A healthcare-focused advisory firm.
The concentration of these diverse, high-value tenants—from global technology to specialized financial services—reinforces 733 Third Avenue's standing as a premier business address in the Grand Central district.
Architectural Features and Amenities for the Modern Workforce
A key factor in the building's continued success is its focus on premium amenities and high-quality design, which appeal directly to the post-pandemic demands of the modern workforce. The building's features go beyond mere functionality, aiming to enhance the tenant experience and promote sustainability.
The building’s impressive white marble attended lobby provides a luxurious and professional welcome, setting a high standard for the entire property. Furthermore, The Durst Organization has prioritized outdoor and green spaces, a highly sought-after amenity in Manhattan. The building incorporates approximately 7,107 square feet of green roofs, along with exclusive outdoor terraces that provide tenants with valuable open-air retreats and unique collaboration areas.
The combination of a central, transit-rich location, institutional ownership by The Durst Organization, a prestigious tenant base, and ongoing capital improvements makes 733 Third Avenue an enduring powerhouse in the New York City office market. Its ability to secure major refinancing and continually attract high-profile tenants like EisnerAmper and Fujitsu America confirms its status as a resilient, Class A asset well into 2025 and beyond.
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