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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 805 3rd Avenue
- Market: Manhattan
- Landlord: Charles S. Cohen - Cohen Brothers Realty Corporation
- Tenant: The South African Consulate
- Landlord's Representatives: Glenn Isaacson, Ava Beganovic & Tony Builder - Bradford Allen; Marc Horowitz - Cohen Brothers Realty
- Tenant's Representative: Michael Goldman - Cresa
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
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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