Barbara Corcoran sold her NYC penthouse for $1.5M above ask
Real estate mogul Barbara Corcoran sealed a sweet deal for her Fifth Avenue penthouse.
The “Shark Tank” star made waves in May when her tailor-made Manhattan home went into contract after less than a day on the market.
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Corcoran ultimately earned an extra $1.5 million on top of her asking price, Realtor.com reported, for a total of $13.5 million.
Corcoran kept it in the family when she tapped Corcoran agents Scott Stewart and Carrie Chiang to list the Upper East Side home for $12 million. The 4,600-square-foot listing reportedly drummed up a bidding war and one winning offer in less than 24 hours.
The reality TV star purchased the aerie in 2015 for $10 million, according to city records. Corcoran fell in love with the Carnegie Hill pad decades earlier, in the early 1990s, glimpsing the duplex once while she worked as a part-time messenger.
“I thought, my God, I’ve never seen anything as beautiful in my life,” Corcoran recalled in an interview with the New York Times.
The five-bedroom nest features five full baths and two half baths, as well as a chef’s kitchen, a formal fining room, a library and a leafy rooftop terrace. Its two floors are connected by the home’s original curved staircase.
The 76-year-old dealmaker told the Times that her asking price didn’t match up to her total investment on the home — her two-decade tenure saw the co-op apartment undergo a gut renovation worth $2 million. The meticulous renovation included flipping the floor plan, installing a chef’s kitchen and converting the terrace greenhouse into an indoor/outdoor dining solarium.
Corcoran said she made the extensive improvements with no plans to sell.
“It’s easy to spend money when you’re building a lifelong dream,” she told the outlet in May. “For me, real estate is emotional.”
Corcoran and her husband, retired Navy captain Bill Higgins, reportedly moved elsewhere uptown to a single-story condo better suited for Higgins’ mobility needs. The pair initially angled for the Fifth avenue co-op formerly owned by Paul Newman and Joanne Woodward, which also sold far above ask.
The five-bedroom sits atop the pre-war 1158 Fifth Ave., a white-glove cooperative designed in 1924 by influential architects C. Howard Crane and Kenneth Franzheim. The building offers its residents a 24-hour doorman and concierge, a live-in manager and a fitness center.
The flurry of interest in Corcoran’s unit appeared to have influenced her next door neighbor to sell, too. The penthouse next to Corcoran’s listed for $11.5 million in September.
The five-bedroom duplex, which also boasts a large terrace, doesn’t appear to have attracted the same flurry of buyer interest just yet. The listing price received a discount earlier this month, according to StreetEasy, down to $10.5 million.
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