Barbara Corcoran just nabbed a new co-op on Fifth Avenue.
The founder of the Corcoran Group 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 roughly three weeks after she closed a deal for another penthouse in the neighborhood, about a dozen blocks north of her new digs.
Corcoran paid the full asking price for her latest pad, according to Corcoran’s Carrie Chiang, who represented her in the deal.
Unit PH-W hasn’t traded since the city began recording property transactions digitally, so the unit’s price history is unclear. The latest document attached to the apartment is from 2007, when the then-owner transferred it to a trust.
Chiang said the deal came about as she was on the hunt for a penthouse that fit Corcoran’s requirements, including a location in the 80s. She said she found out about the apartment before it hit the market, and Corcoran asked to see it before it was officially listed.
“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 terrace, according to Chiang, who described the home as having tall ceilings and much of its original details. She added that Corcoran plans to move into the apartment shortly and is considering some minor renovations next year.
The co-op building housing the unit, along with 55 others, was built in 1926. It includes amenities such as a 24-hour doorman and elevator service.
“It’s absolutely the best penthouse I’ve ever seen,” Chiang said. “She’s so happy there.”
Serena Boardman with 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 sprawling terrace and dining area encased in glass — for $13.5 million, $1.5 million more than its asking price.
At the time of the deal, Corcoran said that she and her husband, Bill Higgins, had their sights set on another pad on the Upper East Side, one without the curving staircase that Higgins was having difficulty climbing safely.
Corcoran and Higgins, now 76 and 80 years old respectively, bought the co-op at 1158 Fifth Avenue for $10 million in 2015 and shelled out roughly $2 million to renovate it. The couple lived there for a decade before offloading it.
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