Longtime “Shark Tank” investor Barbara Corcoran, 76, announced last week that she was placing her beloved New York Metropolis penthouse available on the market for $12 million — and the condominium nearly instantly discovered a purchaser.
In accordance with the newest Olshan Luxury Market Report, Corcoran’s duplex penthouse at 1158 Fifth had a number of bidders and bought for over the asking value inside 24 hours of being listed. The ultimate value paid for the unit and the identification of the brand new proprietor are nonetheless unknown, however will probably be disclosed as quickly because the deal closes.
The property was one in every of 36 contracts signed final week in Manhattan with a worth of $4 million or extra, per the Olshan report.
Associated: Barbara Corcoran Says the Best Entrepreneurs Are Good at This One Thing
“Actual property is all the time emotional, however I by no means thought I might say goodbye to this lovely palace within the sky,” Corcoran wrote on Instagram final week. “I am simply hoping the particular one that buys it cherishes it as a lot as I do!”
The 4,600-square-foot, 11-room co-op has 4 bedrooms, 4 full baths, and two half baths. Month-to-month upkeep charges are $11,693.32. Corcoran listed the property with The Corcoran Group, the actual property agency she founded in 1973 and bought in 2001 for $66 million.
Corcoran first spotted the penthouse in 1992, when she was delivering letters for a messenger service as a aspect hustle. She was impressed by the condominium’s terrace with views of Central Park, and requested the house’s then-owner to name in the event that they ever thought of promoting the unit.
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Greater than twenty years glided by with out a telephone name. Lastly, in 2015, the proprietor was able to promote. Corcoran purchased the property for $10 million and spent an extra $2 million in renovations, designing the house precisely as she imagined it. She added a library with a fire, a full kitchen subsequent to the terrace, and a butler’s pantry.
Corcoran is transferring out of the duplex penthouse and right into a single-story one to save lots of her and her husband, Invoice Higgins, 80, the journey up and down the steps. The duo has already discovered a single-story condominium in the identical Carnegie Hill neighborhood.
Corcoran previously disclosed that she makes $300,000 as a “Shark Tank” investor, however often invests over $1 million per yr in startups that come on the present. She additionally acknowledged that she makes $4.5 million yearly from her shares, bonds, and different investments.
Corcoran has been on “Shark Tank” for 16 years and has closed 650 deals on the present.
Longtime “Shark Tank” investor Barbara Corcoran, 76, announced last week that she was placing her beloved New York Metropolis penthouse available on the market for $12 million — and the condominium nearly instantly discovered a purchaser.
In accordance with the newest Olshan Luxury Market Report, Corcoran’s duplex penthouse at 1158 Fifth had a number of bidders and bought for over the asking value inside 24 hours of being listed. The ultimate value paid for the unit and the identification of the brand new proprietor are nonetheless unknown, however will probably be disclosed as quickly because the deal closes.
The property was one in every of 36 contracts signed final week in Manhattan with a worth of $4 million or extra, per the Olshan report.
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