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Shark Tank star and Corcoran Group founder Barbara Corcoran knows how to make a deal.
The fixture of Manhattan real estate listed her Carnegie Hill penthouse last Thursday for $12 million, and the property was under contract by Friday.
Olshan Realty highlighted the deal in its weekly luxury market report, where it was the seventh priciest apartment contract signed the week of May 5-11.
“Sources say it went over the asking price with multiple bidders,” the report noted.
The converted greenhouse at 1158 Fifth Avenue | Credit: Melanie Greene
Corcoran purchased the home 10 years ago for $10 million, and the $12 million asking price is less than what she spent total on buying the property and renovating it. But, she told The New York Times that she hoped with that list price, she’d receive multiple bids — looks like she got her wish.
The five-bedroom duplex at 1158 Fifth Avenue was represented by Carrie Chiang and Scott Stewart of The Corcoran Group. The feature that first drew Corcoran to the property was stunning views of Central Park from the home’s landscaped terrace. The top floor also features a greenhouse that was converted into an indoor-outdoor dining area.
A sitting room at 1158 Fifth Avenue | Credit: Melanie Greene
During the report period, 36 homes in Manhattan asking $4 million or more went under contract, up from 33 homes the week before.
The priciest contract signed during the week was a penthouse at 15 East 30th Street that was listed for $25 million. That property is a 5,100-square-foot condo that first hit the market in September 2019 when the sponsor initially asked $23.5 million. The building, known as Madison House, includes 30,000 square feet of amenities, like a concierge, fitness center, yoga room, 75-foot lap pool, cold plunge, hot tub, garden, children’s playroom, lounge and bar. The unit itself features a 26-foot terrace and 23-foot ceilings.
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