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805 3rd Avenue

The South African Consulate Leases Penthouse Office At 805 3rd Avenue Manhattan For 31,494 SF
LEASEDOffice

The South African Consulate Leases Penthouse Office At 805 3rd Avenue Manhattan For 31,494 SF

805 3rd Avenue

Building Size

31,494 SF

Asset Type

Office

Closing

Jan 21, 2026

AI

The property involved is an office space located at 805 3rd Avenue in Manhattan, featuring a total square footage of 31,494. The asset is part of a significant leasing transaction wherein the South African Consulate has signed a lease for the penthouse area, effectively relocating from their previous location at 845 Third Avenue while remaining in Midtown.

Summary of transation details:

This transaction highlights the strategic collaboration between key individuals in the real estate sector. The landlord, Charles S. Cohen, represents Cohen Brothers Realty Corporation, while the tenant is represented by Michael Goldman from Cresa. The landlord's representatives include a team from Bradford Allen and another representative from Cohen Brothers Realty, emphasizing the multi-faceted nature of the negotiation process involved in this lease agreement.

Players

Tony Builder

Bradford Allen

Broker

9 deals

Broker
CC
Cohen Brothers Realty CorporationLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93