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.
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