Brett Gottlieb And Christopher Halloran Of DRA Advisors Acquire 49% Of 1301 Sixth Avenue For $1.3B
1301 Sixth Avenue
$1,258,000,000
$1/SF
Building Size
1,750,000,000 SF
Asset Type
Office
Closing
Sep 30, 2026
About this deal
AI
The asset involved in the transaction is located at 1301 Sixth Avenue in Manhattan and comprises an office property. The sale price for this asset is $1,300,000,000 with a total square footage of 1,750,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,300,000,000
- Address: 1301 Sixth Avenue
- Market: Manhattan
- Buyer: Brett Gottlieb & Christopher Halloran - DRA Advisors
- Seller: Rithm Capital
- Brokers: Adam Spies, Douglas Harmon, Adam Doneger, Joshua King, Marcella Fasulo, Avery Silverstein, Benjamin Lushing & Matthew Gill - Newmark
- Note: DRA Advisors buys 49% interest in 1301 Avenue of the Americas
Key individuals involved in the transaction include Brett Gottlieb and Christopher Halloran representing DRA Advisors as the buyers of the asset. The seller of the property is Rithm Capital, while the brokerage firm Newmark facilitated the deal through the efforts of Adam Spies, Douglas Harmon, Adam Doneger, Joshua King, Marcella Fasulo, Avery Silverstein, Benjamin Lushing, and Matthew Gill.
On the Map
$1,258,000,000
$1/SF
Office
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Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.01%
Cash-on-Cash
-0.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93