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166 Duane Street

Rick Nicita & Paula Wagner Sell Tribeca Condo For $5.5M
SOLDCondo

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

Herve Senequier

Compass

Broker

$28.6M

vol

3 deals

Broker

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