The possibility of the Y(4260) being the molecular state of DD1(2420) + c.c. is investigated through one boson exchange model. It turns out that the potential of J P C = 1 −− state formed by DD1(2420) + c.c. is attractive and it is strong enough to bind them together when the momentum cutoff Λ 1.5 GeV. To produce the Y(4260) with correct binding energy, we need Λ ≈ 2.3 GeV. Besides, DD1(2420) + c.c. can also form a state with exotic quantum numbers, J P C = 1 −+ , and its potential is more attractive than that of the J P C = 1 −− state. Therefore, an exotic state with mass around 4240 MeV is expected to be exist. Our estimation of the mass of the J P C = 1 −+ state in charmonium region is in agreement with that prodicted by the chiral quark model and the lattice QCD.