Barbara Corcoran Finds a Buyer in One Day for $12M | Global Market News
Longtime “Shark Tank” investor Barbara Corcoran, 76, introduced final week that she was placing her beloved New York City penthouse on the market for $12 million — and the house nearly instantly discovered a purchaser.According to the latest Olshan Luxury Market Report, Corcoran’s duplex penthouse at 1158 Fifth had a number of bidders and bought for over the asking price within 24 hours of being listed. The last price paid for the unit and the identification of the new proprietor are nonetheless unknown, however can be disclosed as quickly because the deal closes.The property was one of 36 contracts signed final week in Manhattan with a worth of $4 million or more, per the Olshan report.Related: Barbara Corcoran Says the Best Entrepreneurs Are Good at This One Thing”Real estate is always emotional, but I never thought I’d say goodbye to this beautiful palace in the sky,” Corcoran wrote on Instagram final week. “I’m just hoping the special person who buys it cherishes it as much as I do!”
The 4,600-square-foot, 11-room co-op has 4 bedrooms, 4 full baths, and two half baths. Monthly upkeep charges are $11,693.32. Corcoran listed the property with The Corcoran Group, the real estate firm she based in 1973 and bought in 2001 for $66 million.Corcoran first noticed the penthouse in 1992, when she was delivering letters for a messenger service as a aspect hustle. She was impressed by the house’s terrace with views of Central Park, and requested the home’s then-owner to call in the event that they ever considered promoting the unit.Related: Barbara Corcoran Says This Is the One Question to Ask Before Selling Your HomeMore than twenty years glided by with out a telephone call. Finally, in 2015, the proprietor was able to promote. Corcoran purchased the property for $10 million and spent an further $2 million in renovations, designing the home 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 into a single-story one to save lots of her and her husband, Bill 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 12 months in startups that come on the show. She additionally acknowledged that she makes $4.5 million yearly from her stocks, bonds, and different investments.Corcoran has been on “Shark Tank” for 16 years and has closed 650 offers on the show.
Longtime “Shark Tank” investor Barbara Corcoran, 76, introduced final week that she was placing her beloved New York City penthouse on the market for $12 million — and the house nearly instantly discovered a purchaser.According to the latest Olshan Luxury Market Report, Corcoran’s duplex penthouse at 1158 Fifth had a number of bidders and bought for over the asking price within 24 hours of being listed. The last price paid for the unit and the identification of the new proprietor are nonetheless unknown, however can be disclosed as quickly because the deal closes.The property was one of 36 contracts signed final week in Manhattan with a worth of $4 million or more, per the Olshan report.
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