Jordan Goldblum Of Feil Leases Retail Space To Luckin Coffee At 488 Madison Avenue
488 Madison Avenue
$275
$275/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Nov 30, 2025
AI
The property asset involved in this transaction is a retail space located at 488 Madison Avenue in Midtown East. The asking rent for this space is $275 per square foot, and the total space measures 1,000 square feet. The asset type is classified as Retail.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $275/ft
- Address: 488 Madison Avenue
- Market: Midtown East
- Landlord: Jordan Goldblum - Feil
- Tenant: Luckin Coffee
- Brokers: David Green & Albert Halawani - KSR
- Lease Type: Retail Lease
The transaction was brokered by David Green and Albert Halawani from KSR, representing the landlord and tenant respectively. This collaboration facilitated the leasing of the retail space to Luckin Coffee by landlord Jordan Goldblum of Feil.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
57683.64%
Cash-on-Cash
-16486.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93