Barbara Corcoran Sells $12M Manhattan Penthouse in One Day

Barbara Corcoran, the 'Shark Tank' star and founder of The Corcoran Group, has swiftly sold her Upper East Side duplex penthouse at 1158 Fifth Avenue for over the $12 million asking price, securing multiple bids within a day of listing. Corcoran originally purchased the four-bedroom, 4,600-square-foot home in 2015 for $10 million and invested an additional $2 million in renovations to create her ideal family residence. The penthouse offers expansive Central Park views from its landscaped terrace and features a greenhouse converted into an indoor-outdoor dining area. The swift sale reflects the strength of Manhattan's luxury real estate market, where 36 homes priced at $4 million or more went under contract in a recent week, totaling nearly $300 million in deals. Despite the sale likely resulting in a financial loss for Corcoran, she emphasized that the property was a cherished home rather than a pure investment. The transaction was among the top luxury contracts in Manhattan that week, highlighting continued robust demand for high-end properties in the city.