Fisher Brothers Recapitalizes Midtown Manhattan Office For $425 Million With Newmark's Representation
605 Third Avenue
$425,000,000
$411/SF
Building Size
1,033,173 SF
Asset Type
Office
Closing
Oct 23, 2026
About this deal
AI
The asset involved in this transaction is an office property located at 605 Third Avenue in Midtown Manhattan. The property encompasses a total square footage of 1,033,173 and has undergone a recapitalization for an equity amount of $425,000,000.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $425,000,000
- Address: 605 Third Avenue
- Market: Midtown Manhattan
- Equity Type: Recapitalization
- Square Footage: 1,033,173
- Sponsor: Winston Fisher & David Cheikin (Fisher Brothers)
- Brokerage: Adam Spies, Douglas Harmon, Joshua King, Adam Doneger, Marcella Fasulo, Avery Silverstein, Meaghan Philbin & Maxwell (Max) Pazzaglini - Newmark
The deal showcases key individuals such as Winston Fisher and David Cheikin, who are identified as the sponsors representing Fisher Brothers. The brokerage firm Newmark played a significant role in facilitating the transaction through its team of brokers.
On the Map
$425,000,000
$411/SF
Office
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Players
New York Office Market Snapshot
Boundary boundary · Office · Equity transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93