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605 3rd Avenue

LEASEDOffice

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

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:

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.

Players

David Firestein

TSCG (The Shopping Center Group)

Broker

$2.6M

vol

3 deals

Broker
HR
Hodgson RussBuyer
Winston Fisher

Winston Fisher

Fisher Brothers

Landlord

$1.6B

vol

18 deals

Landlord

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