{"id":48631,"date":"2025-11-22T15:49:08","date_gmt":"2025-11-22T15:49:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/48631\/"},"modified":"2025-11-22T15:49:08","modified_gmt":"2025-11-22T15:49:08","slug":"inside-the-13-5-million-penthouse-barbara-corcoran-just-sold-and-what-it-means-for-nyc-luxury-real-estate","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/48631\/","title":{"rendered":"Inside The $13.5 Million Penthouse Barbara Corcoran Just Sold and What It Means for NYC Luxury Real Estate"},"content":{"rendered":"\n

Business maven and \u201cShark Tank\u201d shark Barbara Corcoran<\/a> has found a buyer for her 4,600-square-foot Manhattan penthouse in a \u201cNew York minute.\u201d<\/p>\n

Listed for $12 million, a bidding war ensued, driving the price up to $13.5 million \u2014 and the apartment went under contract just 24 hours after it was listed, according to Entrepreneur<\/a>, which also reported the deal officially closed in October 2025.<\/p>\n

The palatial penthouse features five bedrooms, five full baths, two half baths, a butler\u2019s pantry and a library with a wood-burning fireplace. On her Instagram<\/a> page, Corcoran said, \u201cReal estate is always emotional, but I never thought I\u2019d say goodbye to this beautiful palace in the sky. I\u2019m just hoping the special person who buys it cherishes it as much as I do!\u201d<\/p>\n

Discover More: Barbara Corcoran Put $62 Million Into Her \u2018Shark Tank\u2019 Investments \u2014 How Much Did She Make?<\/a><\/p>\n

Find Out: How Middle-Class Earners Are Quietly Becoming Millionaires \u2014 and How You Can, Too<\/a><\/p>\n

Corcoran, 76, and her spouse, Bill Higgins, a former FBI agent who is 80, decided to exchange their two-story penthouse for a single-level apartment so Higgins wouldn\u2019t have to climb the stairs.<\/p>\n

GOBankingRates takes a look at the sale<\/a> and what it means for NYC real estate, with data from the Elliman Report<\/a> and Olshan Realty<\/a>, which both report on the luxury real estate market (priced at $4 million and above).<\/p>\n

While real estate is experiencing lulls<\/a> around the country, Manhattan real estate has seen a 16.6% upsurge in sales compared to the second quarter last year, according to the Elliman Report, cited Brick Underground<\/a>, an online publication dedicated to covering New York real estate.<\/p>\n

For You: The Wealthiest Suburb in Each of America\u2019s 50 Largest Metro Areas<\/a><\/p>\n

Investor, \u201cShark Tank\u201d judge and founder of the renowned Corcoran Group, Barbara Corcoran has just sold her Fifth Avenue duplex penthouse. Multiple bids drove the price up $1.5 million above asking an indication of a robust market in New York City. How does Corcoran\u2019s deal reflect the Manhattan housing market<\/a>?<\/p>\n

Corcoran\u2019s sale was one of 36 luxury real estate contracts signed in Manhattan, reported Olshan. Other deals in Manhattan luxury buildings reached $298.5 million and had a minimum asking price of\u00a0$8.3 million. According to Olshan, Manhattan luxury real estate is on the move, with 30 contracts signed every month since February 2025, although March saw 15 more luxury contracts than usual.<\/p>\n

The top contract listed at $25 million for a NoMad neighborhood (north of Madison Avenue) penthouse at the Madison House luxury building. The condo features four bedrooms and a 41-foot great room with a connected terrace offering panoramic views of the city.<\/p>\n

Following closely behind was a contract for an eight-bedroom condop<\/a> in a doorman building on Central Park and Fifth Avenue. The 16th-floor apartment features a 42-foot great room and a sitting room with breathtaking Central Park views. The condop originally hit the market at $29.5 million in 2021. However, it passed through several brokerages, with the last being Corcoran, which closed the sale for $24.25 million.<\/p>\n

Among other luxury contracts in Manhattan<\/a>, three apartments were townhouses. The highest sale price was for a four-story, 5,000-square-foot mansion townhouse on Charles Street in the West Village, listed at $12.995 million. The mansion featured five bedrooms, five fireplaces, a rooftop terrace and a dumbwaiter. Other luxury real estate deals in Manhattan included 11 co-ops, two condops and 20 condos, according to the report.<\/p>\n

More From GOBankingRates<\/p>\n

This article originally appeared on GOBankingRates.com<\/a>: Inside The $13.5 Million Penthouse Barbara Corcoran Just Sold and What It Means for NYC Luxury Real Estate<\/a><\/p>\n