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488 Madison Avenue

Jeffrey J. Feil Of The Feil Organization Leases Office Space To Thompson Coburn At 488 Madison Avenue
LEASEDOffice

Jeffrey J. Feil Of The Feil Organization Leases Office Space To Thompson Coburn At 488 Madison Avenue

488 Madison Avenue

$75

$75/SF

Building Size

46,000 SF

Asset Type

Office

Closing

Dec 18, 2025

AI

The asset involved in this transaction is an office space located at 488 Madison Avenue in Manhattan. The lease was signed with a total area of 46,000 square feet priced at $75 per square foot. This property is managed by The Feil Organization.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $75/ft
  • Lease Term: 15-year lease
  • Landlord: Jeffrey J. Feil - The Feil Organization
  • Tenant: Thompson Coburn

The leasing arrangement reflects Thompson Coburn's commitment to maintaining its long-standing presence in this office location, specifically on the 14th and 15th floors of the building, through the renewal of their existing lease.

Players

Jeffrey J. Feil

The Feil Organization

Landlord

$51.5M

vol

6 deals

Landlord

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

211506.67%

Cash-on-Cash

-60449.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93