Hodgson Russ Renewed 19,900 Square Foot Office Lease At 605 Third Avenue Manhattan
605 3rd Avenue
Building Size
19,900 SF
Asset Type
Office
Closing
Jul 20, 2026
About this deal
AI
This transaction involves a 19,900-square-foot office lease at 605 3rd Avenue, located in Manhattan. The lease has been renewed by law firm Hodgson Russ for a duration of 10 years. The property is managed by Fisher Brothers, with the current market rents reaching as high as $120 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 605 3rd Avenue
- Market: Manhattan
- Asset Size: 19,900 SF
- Landlord: Winston Fisher & Ken Fisher - Fisher Brothers
- Tenant: Hodgson Russ
- Brokers: Brian Cohen & Kyle Ciminelli - Newmark
Besides Hodgson Russ, other notable companies involved in recent leasing activities include Coalesce Capital, which renewed a lease for 16,900 square feet, and Lionheart Strategic Management, which added 6,400 square feet to its existing space.
On the Map
Office
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Players
New York Office Market Snapshot
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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