Barbara Corcoran’s NYC Penthouse Sold Shortly After Listing
Fast Sale in a Competitive Market
Barbara Corcoran, a well-known investor on “Shark Tank,” recently listed her luxurious New York City penthouse for $12 million. Remarkably, the property attracted multiple offers and was sold for above the asking price within just 24 hours of its market debut, as reported by the Olshan Luxury Market Report.
Details of the Property
Located at 1158 Fifth Avenue, this expansive duplex penthouse boasts 4,600 square feet of living space, comprising eleven rooms that include four bedrooms and four full bathrooms, with an additional two half bathrooms. The monthly maintenance costs are approximately $11,693.32.
Historic Significance and Personal Touches
Corcoran first came across this stunning penthouse in 1992, while working as a messenger. Captivated by the terrace views overlooking Central Park, she made a note to express her interest to the then-owner. After waiting over two decades, she bought it in 2015 for $10 million and subsequently invested an additional $2 million in renovations, transforming it into her dream home, which includes a library, a full kitchen contiguous with the terrace, and a butler’s pantry.
A Significant Move for the Investor
Corcoran’s decision to part with the penthouse emerges as she transitions to a more accessible single-story apartment to reduce the physical demands of stair climbing for herself and her husband, Bill Higgins, who is 80 years old. They have already secured a new residence in the same Carnegie Hill neighborhood.
Financial Background and Investments
In addition to her real estate ventures, Corcoran has detailed her income from her participation on “Shark Tank,” where she makes $300,000 annually, along with investing more than $1 million in startups that appear on the show. Her financial portfolio also generates an estimated $4.5 million per year from various investments, including stocks and bonds.
A Lasting Legacy
Having spent 16 years on “Shark Tank,” Corcoran has closed over 650 deals, leaving an indelible mark on the entrepreneurial landscape.