Longtime “Shark Tank” investor Barbara Corcoran, 76, introduced final week that she was placing her beloved New York Metropolis penthouse available on the market for $12 million — and the house virtually instantly discovered a purchaser.
Based on the most recent Olshan Luxurious Market Report, Corcoran’s duplex penthouse at 1158 Fifth had a number of bidders and offered 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 likely be disclosed as quickly because the deal closes.
The property was one among 36 contracts signed final week in Manhattan with a price of $4 million or extra, per the Olshan report.
Associated: Barbara Corcoran Says the Finest Entrepreneurs Are Good at This One Factor
“Actual property is at all times emotional, however I by no means thought I would say goodbye to this lovely palace within the sky,” Corcoran wrote on Instagram final week. “I am simply hoping the particular one who 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 based in 1973 and offered in 2001 for $66 million.
Corcoran first noticed the penthouse in 1992, when she was delivering letters for a messenger service as a facet hustle. She was impressed by the house’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.
Associated: Barbara Corcoran Says This Is the One Query to Ask Earlier than Promoting Your Dwelling
Greater than twenty years glided by and not using a cellphone name. Lastly, in 2015, the proprietor was able to promote. Corcoran purchased the property for $10 million and spent a further $2 million in renovations, designing the house precisely as she imagined it. She added a library with a hearth, a full kitchen subsequent to the terrace, and a butler’s pantry.
Corcoran is shifting 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 house in the identical Carnegie Hill neighborhood.
Corcoran beforehand 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 said 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 offers on the present.
Longtime “Shark Tank” investor Barbara Corcoran, 76, introduced final week that she was placing her beloved New York Metropolis penthouse available on the market for $12 million — and the house virtually instantly discovered a purchaser.
Based on the most recent Olshan Luxurious Market Report, Corcoran’s duplex penthouse at 1158 Fifth had a number of bidders and offered 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 likely be disclosed as quickly because the deal closes.
The property was one among 36 contracts signed final week in Manhattan with a price of $4 million or extra, per the Olshan report.
The remainder of this text is locked.
Be part of Entrepreneur+ immediately for entry.