Barbara Corcoran sells NYC penthouse for $20.8m after one day on market

Real estate mogul Barbara Corcoran sealed a sweet deal for her New York penthouse.

The Shark Tank star made waves in May when her tailor-made Manhattan home went into contract after less than a day on the market, the New York Post reports.

Corcoran ultimately earned an extra $US1.5 million ($A2.3 million) on top of her asking price, Realtor reported, for a total of $US13.5 million ($A20.8 million).

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Barbara Corcoran. Picture: Christopher Willard/Disney via Getty Images

The Shark Tank star spent $US2 million in renovations. Picture: Realtor

Corcoran kept it in the family when she tapped Corcoran agents Scott Stewart and Carrie Chiang to list the Upper East Side home for $US12 million ($A18.5 million).

The listing reportedly drummed up a bidding war and one winning offer in less than 24 hours.

The reality TV star purchased the penthouse in 2015 for $US10 million ($A15.4 million), according to city records.

Corcoran fell in love with the Carnegie Hall pad decades earlier, in the early 1990s, glimpsing the duplex once while she worked as a part-time messenger.

“I thought, my God, I’ve never seen anything as beautiful in my life,” Corcoran recalled in an interview with the New York Times.

A curved staircase, original to the home, connects the duplex. Picture: Realtor

The penthouse boasts high ceilings and Central Park views. Picture: Realtor

The five-bedroom nest features five full baths and two half baths, as well as a chef’s kitchen, a formal fining room, a library and a leafy rooftop terrace.

Its two floors are connected by the home’s original curved staircase.

The 76-year-old deal-maker told the Times that her asking price didn’t match up to her total investment on the home — her two-decade tenure saw the co-op apartment undergo a gut renovation worth $US2 million ($A3.08 million).

The meticulous renovation included flipping the floor plan, installing a chef’s kitchen and converting the terrace greenhouse into an indoor/outdoor dining solarium.

Corcoran said she made the extensive improvements with no plans to sell.

“It’s easy to spend money when you’re building a lifelong dream,” she told the outlet in May. “For me, real estate is emotional.”

A library with custom shelves. Picture: Realtor

A large bedroom. Picture: Realtor

Corcoran and her husband, retired Navy captain Bill Higgins, reportedly moved elsewhere uptown to a single-storey condo better suited for Higgins’ mobility needs.

The pair initially angled for the Fifth Ave co-op formerly owned by Paul Newman and Joanne Woodward, which also sold far above ask.

The five-bedroom abode sits atop the pre-war 1158 Fifth Ave, a white-glove cooperative designed in 1924 by influential architects C. Howard Crane and Kenneth Franzheim.

The building offers its residents a 24-hour doorman and concierge, a live-in manager and a fitness centre.

Corcoran transformed her greenhouse into a sunlit dining room. Picture: Realtor

The flurry of interest in Corcoran’s unit appeared to have influenced her next door neighbour to sell, too.

The penthouse next to Corcoran’s listed for $US11.5 million ($A17.7 million) in September.

The five-bedroom duplex, which also boasts a large terrace, doesn’t appear to have attracted the same flurry of buyer interest just yet.

The listing price received a discount earlier this month, according to StreetEasy, down to $10.5 million ($A16.1 million).

Parts of this story first appeared in the New York Post and was republished with permission.

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