Entrepreneur sells TriBeCa 5BD condo

Medium fc334838c84d8a0fc680c3e621d8425f Elizabeth Rad sold a five-bedroom, four-bath condo at 166 Duane St. in TriBeCa to Palmyra LLC for $6.85 million on Nov. 29.

The 4,200-square-foot Unit #11B is in the Duane Park Lofts development, which was built in 1910 and converted in 1997. It has 30 units on 12 floors.

Rad is partner at Le Relais de Venise L'Entrecote in New York City. She is also owner at Sorrel River Ranch Hotel & Spa Resort.

She previously was vice president at Crown Properties for 23 years until 2006.

According to BlockShopper.com, there have been 154 condo sales in TriBeCa during the past 12 months, with a median sales price of $1.875 million.

Address: 166 Duane Street, Unit: 11b
Buyer(s): Palmyra LLC
Seller(s): Rad and Elizabeth
Sale date: Nov. 29, 2010