Barbara Corcoran lists iconic NYC penthouse for $12 million
- Barbara Corcoran originally visited the penthouse in 1992 and bought it in 2015.
- The penthouse is equipped with a distinctive greenhouse and features that require careful consideration as she ages.
- Corcoran is now selling the penthouse for $12 million, emphasizing the emotional aspect of real estate.
In May 2025, Barbara Corcoran, a prominent real estate mogul, announced the sale of her 4,600-square-foot penthouse apartment located on Fifth Avenue in New York City. Corcoran originally visited the penthouse in 1992 and was captivated by its design and potential for her future. Although it was a challenging period in real estate at that time, she expressed her interest to the owner. After years of waiting, the penthouse was ultimately sold to her in 2015 when the former owner was ready to part with it. Corcoran has invested in improvements to the apartment, making it a testament to her style and vision as a real estate expert. The dream penthouse features a stunning terrace, a greenhouse, and unique architectural elements such as a curved staircase, which has become a challenge for her and her husband as they age. In a 2020 interview, Corcoran expressed how emotional the process of moving is for her, noting that she mourns every transition from one home to another. The real estate mogul emphasized the importance of dreams when it comes to selecting homes, rather than just relationships. At that time, she estimated that the apartment could potentially be sold for $12 million due to her upgrades and improvements. As of her recent announcement, Barbara Corcoran has officially put the penthouse on the market for the initially suggested price of $12 million. She has worked alongside Corcoran broker Scott Stewart and colleague Carrie Chiang to list the property. Scott Stewart described the penthouse as a representation of Corcoran's genius in real estate design. The property has garnered attention for its luxurious features and prime location in one of the most desirable areas of New York City. Ultimately, the decision to sell comes not only from her attachment to the property but also from practicality as physical limitations have made certain aspects of the penthouse less accessible. Corcoran’s willingness to sell her dream home reflects the realities of aging and changing lifestyle needs, while still maintaining her love for real estate and its emotional connections. She hopes that the next owners will appreciate the space as much as she has, creating new memories within its walls.