Rick Nicita & Paula Wagner Sell Tribeca Condo For $5.5M
166 Duane Street
$5,500,000
Building Size
—
Asset Type
Condo
Closing
Mar 14, 2024
AI
The three-bedroom, 3½-bath corner unit at 166 Duane Street in Tribeca, Manhattan, known as Duane Park Lofts, has been sold for $5.5 million. The condo, previously owned by Rick Nicita & Paula Wagner, features high-end minimalist design and city views, as showcased in Architectural Digest.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,500,000
- Address: 166 Duane Street
- Market: Tribeca, Manhattan
Hollywood power couple Paula Wagner and Rick Nicita enlisted Herve Senequier & Leonard Steinberg from Compass as their broker representatives for the sale of their stunning corner unit condo. The successful transaction highlighted the couple's exquisite taste for luxury living.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93