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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 BD6r14OQwRybVeeVvEi3Rw==

<SEC-DOCUMENT>0000905148-03-002665.txt : 20030724
<SEC-HEADER>0000905148-03-002665.hdr.sgml : 20030724
<ACCEPTANCE-DATETIME>20030724144036
ACCESSION NUMBER:		0000905148-03-002665
CONFORMED SUBMISSION TYPE:	4/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030313
FILED AS OF DATE:		20030724

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RECKSON ASSOCIATES REALTY CORP
		CENTRAL INDEX KEY:			0000930548
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				113233650
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		225 BROADHOLLOW RD
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747
		BUSINESS PHONE:		6316946900

	MAIL ADDRESS:	
		STREET 1:		225 BROADHOLLOW RD
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			RECHLER ROGER
		CENTRAL INDEX KEY:			0001061711

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13762
		FILM NUMBER:		03800742

	BUSINESS ADDRESS:	
		STREET 1:		225 BROADHOLLOW RD
		STREET 2:		C/O RECKSON ASSOCIATES
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747
		BUSINESS PHONE:		6316226789

	MAIL ADDRESS:	
		STREET 1:		225 BROADHOLLOW RD
		STREET 2:		C/O RECKSON ASSOCIATES
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747
</SEC-HEADER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>efc3-1042_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   04/22/03  TZ    -->
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4/A</documentType>
   <periodOfReport>2003-03-13</periodOfReport>
   <dateOfOriginalSubmission>2003-03-17</dateOfOriginalSubmission>
    <issuer>
        <issuerCik>0000930548</issuerCik>
        <issuerName>RECKSON ASSOCIATES REALTY CORP</issuerName>
        <issuerTradingSymbol>RA</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
      <reportingOwnerId>
            <rptOwnerCik>0001061711</rptOwnerCik>
            <rptOwnerName>RECHLER ROGER</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>1</isDirector>
         <isOfficer>1</isOfficer>
         <isTenPercentOwner>0</isTenPercentOwner>
         <isOther>0</isOther>
         <officerTitle>Executive Vice President</officerTitle>
       </reportingOwnerRelationship>
   </reportingOwner>
   <derivativeSecurity>
      <securityTitle>
         <value>Phantom Stock</value>
            <footnoteId id="F1"/>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>0</value>
            <footnoteId id="F2"/>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-03-13</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>A</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>8680</value>
         </transactionShares>
         <transactionValue>
           <value>0</value>
         </transactionValue>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>2005-03-13</value>
            <footnoteId id="F3"/>
      </exerciseDate>
      <expirationDate>
         <value>2007-03-13</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Class A common stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>8680</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>8680</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <footnotes>
<footnote id="F1"> The original filing of this Form 4 (the &quot;Original Filing&quot;) was made on March 17, 2003. In addition to the information provided herein, the Original Filing reported that Mr. Rechler was granted 138,889 shares of Class A common stock pursuant to the Company's Long-Term Incentive Plan. Subsequent to the Original Filing, Mr. Rechler waived his right to receive such 138,889 shares. This Amendment is being filed to remove that transaction from the report and, as a result, to indicate that Mr. Rechler holds directly 448,146 shares of Class A common stock.</footnote>

<footnote id="F2"> The phantom stock converts to Class A common stock of the Company on a 1-for-1 basis.</footnote>

<footnote id="F3"> The grant is scheduled to be earned as of March 13, 2005 and vests in three equal annual installments beginning on March 13, 2005.</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>/s/ Roger M. Rechler</signatureName>
      <signatureDate>2003-07-24</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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