Longtime “Shark Tank” investor Barbara Corcoran, 76, announced last week that she was placing her beloved New York Metropolis penthouse in the marketplace for $12 million — and the condo virtually instantly discovered a purchaser.
In response to the most recent Olshan Luxury Market Report, Corcoran’s duplex penthouse at 1158 Fifth had a number of bidders and offered for over the asking worth inside 24 hours of being listed. The ultimate worth paid for the unit and the id of the brand new proprietor are nonetheless unknown, however can 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 Best Entrepreneurs Are Good at This One Thing
“Actual property is all the time 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 true property agency she founded in 1973 and offered in 2001 for $66 million.
Corcoran first spotted the penthouse in 1992, when she was delivering letters for a messenger service as a facet hustle. She was impressed by the condo’s terrace with views of Central Park, and requested the house’s then-owner to name in the event that they ever considered promoting the unit.
Associated: Barbara Corcoran Says This Is the One Question to Ask Before Selling Your Home
Greater than twenty years glided by and not using a telephone 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 avoid wasting her and her husband, Invoice Higgins, 80, the journey up and down the steps. The duo has already discovered a single-story condo 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 in the marketplace for $12 million — and the condo virtually instantly discovered a purchaser.
In response to the most recent Olshan Luxury Market Report, Corcoran’s duplex penthouse at 1158 Fifth had a number of bidders and offered for over the asking worth inside 24 hours of being listed. The ultimate worth paid for the unit and the id of the brand new proprietor are nonetheless unknown, however can 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 a part of Entrepreneur+ immediately for entry.
