MAC Cosmetics Signs Lease For 5,325 Square Feet At 579 Broadway In Soho, Manhattan
579 Broadway
Building Size
5,325 SF
Asset Type
Retail
Closing
Aug 25, 2026
About this deal
AI
The asset involved in this lease transaction is a retail space located at 579 Broadway in Soho, Manhattan, encompassing a total square footage of 5,325. The property is positioned in a prime retail market, suitable for high-profile tenants.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 579 Broadway
- Market: Soho, Manhattan
- Landlord: Lord Shivas Properties
- Tenant: MAC Cosmetics
- Landlord's Representative: Ariel Schuster, Michael Paster & Logan Ryan - Newmark
- Tenant's Representative: Michael O'Neill, Jason Greenstone & Taylor Reynolds - Cushman & Wakefield
MAC Cosmetics has signed a lease for a new flagship store, relocating from its existing Broadway location two blocks away, marking a strategic move within the thriving upscale retail environment of Soho.
On the Map
Retail
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93