Announced Oct 6, 2026 · Source: Bisnow
1301 Sixth Ave is an office sale in Midtown (Sixth Ave / Park / Madison / Grand Central), New York. Other details we have: buyer DRA Advisors (49% JV stake); seller Rithm Capital (keeps majority); price $1.3B (valuation, stake sale); size 1.7M SF, 45 stories; fully leased. Bisnow reports: “The two firms are forming a joint venture for 1301 Sixth Ave., with DRA taking a 49% stake in the building and Rithm retaining majority ownership, Commercial Observer reported.” Bisnow reports: “Rithm Capital has sold a slice of a Sixth Avenue office tower to DRA Advisors in a deal that values the property at $1.3B.”
Quoted from the article; the other facts come from our own deal listing.
Read the full report at Bisnow. What the article says:
The two firms are forming a joint venture for 1301 Sixth Ave., with DRA taking a 49% stake in the building and Rithm retaining majority ownership, Commercial Observer reported.
Rithm Capital has sold a slice of a Sixth Avenue office tower to DRA Advisors in a deal that values the property at $1.3B.
The 45-story, 1.7M SF office tower also has a new tenant, with law firm Adler & Stachenfeld moving into the entire 40K SF 12th floor, according to a release from the law firm.
Article date: 2026-10-06T16:17:28-04:00
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