Barbara Corcoran pays $4M for UES condo
August 04, 2008 04:56PM
By Adam Pincus
Barbara Corcoran
Barbara Corcoran, the founder of The Corcoran Group, and her husband bought the upper floor condo in a converted townhouse on the Upper East Side for $4 million.
Corcoran and her husband William Higgins bought the unit at 163 East 71st Street in Lenox Hill from the building's owner, Joseph Frantin. The couple has an apartment at 1192 Park Avenue and 94th Street.
The four-bedroom 71st Street unit occupies the second through fifth floors, with a total of 2,710 square feet, and also includes a hardwood roof deck. The apartment is advertised for $20,000 per month on the Web site of Corcoran's old firm.
The apartment went into contract January 31 and closed on April 7, according to property records posted today.
The building, named the Ataraxia, was converted from a single-family home to a two unit condominium earlier this year.
Corcoran is a real estate columnist for the Daily News and a consultant for television programs such as NBC's Today Show. She founded the brokerage firm The Corcoran Group in 1973 and sold it in 2001 for $70 million. She is also the author of the business books "If You Don't Have Big Breasts, Put Ribbons on Your Pigtails" and "Nextville."
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Comments
Anonymous
Someone tell my why would she pay $4 million for this? It's not that great a property. She could have bought an entire townhome for $4 million. Or a fabulous new construction unit. This is not a prime UES block, nearby but still just out of reach. Why would she buy this? Any thoughts?
Comment #1 Posted By: Anonymous 08/04/08
Anonymous
Barbara and Co. purchased this because the exterior of the building resembles Carrie Bradshaw's house.
Comment #2 Posted By: Anonymous 08/05/08
Anonymous
This is VERY much a "prime UES block" - 71st street is often referred to as "Millionaire's Row" - 67th to 73rd has been prime UES location for quite some time now
Comment #3 Posted By: Anonymous 08/05/08
Anonymous
Prime is West of Lexington. This is close to prime, but not itself prime. There are a lot of better properties out there. Just seems that for a little more money she could have bought a much better property. Is there something I'm missing here? This seems way overpriced and not that great a property.
Comment #4 Posted By: Anonymous 08/05/08