Paramount Group Secures $900 Million Loan From Wells Fargo And Morgan Stanley For 1301 6th Avenue
1301 6th Avenue
$900,000,000
$514/SF
Building Size
1,750,000 SF
Asset Type
Office
Closing
Jul 30, 2025
About this deal
AI
The asset involved in the transaction is a 1,750,000 square foot office building located at 1301 6th Avenue, situated in the Manhattan market. The landlord of this property is Albert Behler, who represents Paramount Group. The total loan amount secured for this property is $900,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $900,000,000
- Address: 1301 6th Avenue
- Market: Manhattan
- Lender: Wells Fargo & Morgan Stanley
- Landlord: Albert Behler - Paramount Group
This transaction involves key players such as Wells Fargo and Morgan Stanley as lenders for the financing secured by Paramount Group. Albert Behler, representing the landlord Paramount Group, facilitated the mortgage financing for the office tower in Midtown Manhattan.
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93