Office

605 Third Avenue

605 third avenue, new york, NY

Price

Price on request

Square Feet

867,000

Location

605 third avenue, new york, NY

Leaflet © OpenStreetMap contributors

Property Details

Building Size867,000 SF

Year Built1964

Lease Details

Available Space19,871 SF

Market Context

This office in new york, NY is listed for lease across 867,000 SF. The building dates to 1964. It has been on the market for 60 days.

As of Q1 2026, the New York City Area office market showed average asking rents near $45.36/SF/yr. Source: CBRE Q1 2026 market report.

Projected current pricing

low confidence

Projected asking rent

$45.36/SF/yr

Estimated sale value

$464–$603/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 CBRE data (cap rate 4.5%, asking rent held flat).

View the full New York City Area Office market report →

Compare it against other office listings for lease in new york, NY to benchmark pricing and space — view the full market.

Unified Estimate

Medium Confidence

$3.21/SF/mo-$4.35/SF/mo

Mid: $3.78/SF/mo

Total estimate for 867,000 SF

$3,277,260

Rate estimator only; cost-of-business estimate unavailable.

Lease Rate & Market Trend

2025 – 2026 · county sold comps + market trendsFIPS 36061

Medium Confidence

Avg Rent ($/SF/mo) (market data)
Median $/SF (sold)
Vacancy %

Market asking rent (quarterly avg)Median sale price / SFVacancy rate (right axis)P25–P75 IQR band

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.