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Barbara Corcoran Sells Carnegie Hill Co-Op For $13.5 Million With Brokers Scott Stewart Carrie Chiang And Andres Perea-Garzon
SOLD
$13,500,000
New York
See Similar DealsCo-Op4,600 SF
Sold 10/25/2025
SOLD
Barbara Corcoran Sells Carnegie Hill Co-Op For $13.5 Million With Brokers Scott Stewart Carrie Chiang And Andres Perea-Garzon
1158 5th Avenue
See Similar DealsCo-Op4,600 SF
Sold 10/25/2025
Summary
NEW YORK
Asset Type:Co-Op
Price Per Square Foot:$2,934
Total Square Footage:4,600 SF
Transaction Type:Sale
A co-op located at 1158 5th Avenue in Carnegie Hill was sold for $13,500,000. The property spans 4,600 square feet, equating to a price per square foot of $2,935. The seller, Barbara Corcoran, previously acquired the penthouse for $10 million in 2015 and invested $2 million in renovations.
Summary of transaction details:
- Property Type: Co-Op
- Transaction Amount: $13,500,000
- Square Footage: 4,600
- Price per Square Foot: $2,935
- Address: 1158 5th Avenue
- Market: Carnegie Hill
- Seller: Barbara Corcoran
- Brokers: Scott Stewart, Carrie Chiang & Andres Perea-Garzon - The Corcoran Group
The transaction was notable for occurring less than a day after listing. A bidding war ensued, leading to the sale being $1.5 million over asking price as Corcoran and her husband decided to relocate uptown to a more accessible condo.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$720,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65
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