Barbara Corcoran just found a new co-op on Fifth Avenue.
The Corcoran Group founder and “Shark Tank” investor paid $16 million for a penthouse at 1016 Fifth Avenue in what appears to be an off-market deal, according to public records. The deal comes about three weeks after she closed a deal on another penthouse in the neighborhood, about a dozen blocks north of her new digs.
Corcoran paid full asking price for her latest sanitary pad, according to Corcoran’s Carrie Chiang, who represented her in the deal.
Unit PH-W has not traded since the city began digitally recording real estate transactions, so the unit’s price history is unclear. The last document associated with the apartment dates from 2007, when the then owner transferred it to a trust.
Chiang said the deal came together when she was hunting for a penthouse that met Corcoran’s needs, including a location in the 1980s. She said she heard about the apartment before it went on the market, and Corcoran asked to see it before it was officially put on the market.
“Barbara knows what she wants,” Chiang said. “Once she saw it, she said, ‘Carrie, I’m not going to lose this one.'”
The unit has three bedrooms, formal dining and living rooms, a library and a terrace, according to Chiang, who described the house as having high ceilings and many of its original details. She added that Corcoran plans to move into the apartment soon and is considering some minor renovations next year.
The co-op building that houses the unit, along with 55 others, was built in 1926. It features amenities such as a 24-hour doorman and an elevator.
“It’s absolutely the best penthouse I’ve ever seen,” Chiang said. “She is so happy there.”
Serena Boardman of Sotheby’s International represented the seller.
Corcoran found a buyer for her previous home, Unit PHB at 1158 Fifth Avenue, just one day after listing the duplex in May. She traded the five-bedroom apartment – known for its expansive terrace and glass-enclosed dining area – for $13.5 million, $1.5 million more than the asking price.
At the time of the deal, Corcoran said she and her husband, Bill Higgins, had their sights set on another pad on the Upper East Side, one without the curved staircase that Higgins found difficult to climb safely.
Corcoran and Higgins, now 76 and 80 years old respectively, bought the co-op at 1158 Fifth Avenue in 2015 for $10 million and spent about $2 million renovating it. The couple lived there for ten years before dissolving it.
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