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Barbara Corcoran Finds a Buyer in One Day for $12M Penthouse | Entrepreneur

May 15, 2025
in Financial
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Barbara Corcoran Finds a Buyer in One Day for M Penthouse | Entrepreneur
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Longtime “Shark Tank” investor Barbara Corcoran, 76, introduced final week that she was placing her beloved New York Metropolis penthouse in the marketplace for $12 million — and the condominium nearly instantly discovered a purchaser.

Based on the newest 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 id of the brand new proprietor are nonetheless unknown, however can be disclosed as quickly because the deal closes.

The property was one in all 36 contracts signed final week in Manhattan with a worth 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 all the time emotional, however I by no means thought I would say goodbye to this stunning 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 true 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 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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Tags: 12MBarbaraBuyerCorcoranDayEntrepreneurfindsPenthouse
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