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Rick Nicita & Paula Wagner Sell Tribeca Condo For $5.5M
SOLD
$5,500,000
New York
See Similar DealsCondo
Sold
SOLD
Rick Nicita & Paula Wagner Sell Tribeca Condo For $5.5M
166 Duane Street
See Similar DealsCondo
Sold
Summary
NEW YORK
Asset Type:Condo
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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