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1301 6th Avenue

Updated Jul 31, 2025

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Paramount Group Secures $900 Million Loan From Wells Fargo And Morgan Stanley For 1301 6th Avenue
FINANCEDOffice

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

Morgan Stanley
Morgan Stanley Lender
Paramount Group
Paramount GroupLandlord

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Deal FAQ

About $514 per square foot on a published $900M for 1,750,000 square feet (2025).

Browse New York office loans on Traded.

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

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