A Home with a View: Barbara Corcoran’s NYC Penthouse
Following Her Heart
When Barbara Corcoran, founder of The Corcoran Group, first laid eyes on a 4,600-square-foot penthouse apartment on Fifth Avenue in 1992, she knew she had to make it hers. At the time, Corcoran was delivering packages part-time to keep her business afloat, but as she stepped into the luxurious space, she envisioned herself living there one day.
A Chance Encounter
As she handed over an envelope to the apartment’s owner, Corcoran couldn’t help but notice the stunning green terrace through the French doors. She made a bold request to the owner, asking if she would consider selling the property to her if she ever decided to part with it. Although the owner didn’t take her seriously at the time, Corcoran’s determination and perseverance would eventually pay off.
Years of Persistence
Fast forward to 2018, when Corcoran and her husband, Bill Higgins, finally purchased the 11-room duplex apartment for $10 million. They invested an additional $3 million in renovations, transforming the space into a true oasis in the heart of New York City. The apartment boasts a greenhouse, a curved staircase, and a breathtaking terrace with panoramic views of the city.
Emotional Connection
For Corcoran, buying a home is not just about the physical space; it’s about the emotional connection she feels with the property. She has a knack for choosing homes that resonate with her, often purchasing them sight unseen. “I have an emotional love affair with them,” she explains. “I walk in and I go, ‘I belong here.’”
Dreaming Big
Corcoran’s ability to envision herself living in a space is key to her success in real estate. She believes that relationships are important, but dreaming big is what truly matters. “I envisioned myself living here,” she says, reflecting on her journey to owning the penthouse apartment.
A Smart Investment
Corcoran’s investment in the penthouse apartment is likely to pay off in the long run. She estimates that she could have sold the property for $12 million, but she’s happy to hold onto it for now. “New York is a crazy market,” she notes, “but one thing I know for sure is I will make a lot of money.”
Leave a Reply