590 7 Avenue

Owner: Rxr Realty

Acquired: June 24, 2025, $8 million

Debt: March 04, 2026, $65 million

Built: 2000

SF: 1,100,000

Dwelling units: 0

No. of buildings: 1

Class: Tower Type (O4)

Floors: 38

Legacy BBLs: 1010130029

Transactions:

• RXR Realty, SL Green Realty and Apollo Global Management borrowed $65 million from Corebridge Financial for 592 7th Avenue, Garment District, Manhattan on March 04, 2026.

• RXR Realty, Apollo Global Management and SL Green Realty borrowed $575.3 million from Corebridge Financial for 592 7th Avenue, Garment District, Manhattan on June 24, 2025.

• City of New York sold 5 Times Square, Garment District, Manhattan for $8 million to RXR Realty, Apollo Global Management and SL Green Realty on June 24, 2025.

• RXR Realty sold 592 7th Avenue, Garment District, Manhattan for $360 million to RXR Realty, Apollo Global Management and SL Green Realty on November 12, 2024.

• RXR Realty borrowed $10 million from Morgan Stanley for 5 Times Square, Garment District, Manhattan on April 23, 2024.

Development:

• Apollo Global Management filed major alteration job M01334510 for 907,560 sqft R-2 building with 1224 apartments in Garment District, Manhattan, on January 14, 2026.

• Apollo Global Management filed major alteration job M01157068 for 907,560 sqft R-2 building with 942 apartments in Garment District, Manhattan, on December 20, 2024.

• Joshua Steinberg filed alteration job M01387011 for building in Garment District, Manhattan, on April 15, 2026.

• Mario Ramirez filed alteration job M01335671 for 26,200 sqft E building with 0 apartments in Garment District, Manhattan, on January 09, 2026.

• Mario Ramirez filed alteration job M01297382 for 765 sqft E building with 0 apartments in Garment District, Manhattan, on December 17, 2025.

• Milivoj Sofranin filed alteration job M01305123 for building in Garment District, Manhattan, on October 20, 2025.

• Milivoj Sofranin filed alteration job M01300259 for building in Garment District, Manhattan, on October 09, 2025.

Violations:

According to city public data, the properties have received $7,040 in OATH penalties in the last year.

Latest Stories:

• Apollo, RXR, SLG up resi units at 5 Times Square conversion to 1,224 in new filing (January 20, 2026)

• RXR, Apollo, SL Green sign $575.3M construction loan for 5 Times Square resi conversion (June 25, 2025)

• RXR, Apollo, SL Green pay $8M to City of New York for fee under 5 Times Square (June 25, 2025)

• Apollo, SLG, RXR file plans for 942 resi units at 5 Times Square (December 30, 2024)

• Apollo acquires $360M stake in RXR’s 5 Times Square, part of major recap, potential conversion (November 13, 2024)

• RXR Realty signs $700M 5 Times Square refi with Morgan Stanley, Athene, AIG, Arab Banking, AustralianSuper (September 29, 2022)