Robert Durst building up a rental portfolio

Cross-dressing killer -- and brother to Douglas -- gets into real estate on his own

TRD New York /
Aug.August 21, 2013 08:57 AM

Robert Durst, the black sheep of the billionaire Durst family, has amassed a sizable portfolio of rental properties, including three in the top Brooklyn neighborhoods of  Cobble Hill and Williamsburg. A confessed killer, Durst is the son of  the late Seymour Durst, one of the city’s biggest landlords, and the older brother of developer Douglas Durst.

Durst’s re-entry into the family business started in earnest in November 2011 with the purchase  of two buildings — 250 Pacific Street, a 25-unit rental building in Cobble Hill, and  234 Union Avenue, a 32-unit, six-floor mixed-use building in Williamsburg, according to a just-filed court document. He paid $4.4 million for the Pacific Street property; the price of the Union Avenue building  has not been disclosed.

Almost a year later, in September 2012, Durst paid $3 million for a 42 percent stake in a limited liability corporation in contract to buy a Williamsburg property. The address was not listed on the court filing cited  by DNAinfo, which reported the story.

Durst’s latest acquisitions are two mixed-use buildings in East Harlem, at 61-63 East 125th Street. The four-story properties are run by his second wife’s management company, according to the court filing. He paid $2.4 million for buildings, but the date of the purchase was not listed.

Durst declined to elaborate until after the resolution  of a pending criminal case against him – a charge of  trespassing at the home of brother  Douglas.

“I’d like to talk to you about how great the properties are and how great Brooklyn is, but now is not the time,” Durst told DNAinfo. [DNAinfo]Hiten Samtani


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