Apollo Global Management Acquires Retail Asset At 697-703 Fifth Avenue For $218M With Eastdil Secured Brokers

The asset involved in this transaction is a retail property located at 697-703 Fifth Avenue in the Manhattan market. It was sold for a total amount of $218,000,000 and comprises a total area of 26,000 square feet, resulting in a price per square foot of $8,384.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $218,000,000
• Square Footage: 26,000
• Price per Square Foot: $8,384
• Buyer: Apollo Global Management
• Brokers: Gary Phillips, Will Silverman, Carly Shoulberg, Jake Warner & David Dorros - Eastdil Secured
• Date of Transaction: 1/14/2026

This transaction was facilitated by a brokerage team comprising Gary Phillips, Will Silverman, Carly Shoulberg, Jake Warner, and David Dorros, all of whom are affiliated with Eastdil Secured. Their collective efforts contributed to securing the deal for Apollo Global Management as the buyer.