Makeup By Mario Signs Long-term Lease For 15,930 SF Office Space At 575 Madison Avenue
575 Madison Avenue
$85
$85/SF
Building Size
15,930 SF
Asset Type
Office
Closing
Dec 17, 2025
AI
The property involved in this lease transaction is located at 575 Madison Avenue in Manhattan. It is an office asset with a total square footage of 15,930 SF. The asking rent for the space was set at $85 per square foot.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 575 Madison Avenue
- Market: Manhattan
- Landlord: Michael Steinberg - Steinberg & Pokoik Management Corporation
- Tenant: Mario Dedivanovic - Makeup by Mario
- Brokers: David Hollander, Joshua Pernice, Gregg Rothkin, Brad Auerbach, Maxwell Tarter, William Hooks - CBRE
The tenant, Mario Dedivanovic, signed a long-term lease to establish the global headquarters for Makeup by Mario, moving from 135 East 57th Street. The broker representatives involved in this deal were part of CBRE, helping to facilitate the lease agreement.
Players
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
186623.53%
Cash-on-Cash
-53337.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93