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    Ex-WeWork CEO Adam Neumann Selling NYC Penthouse for $37.5M

    Michael Kovac/Getty Images for WeWork

    Adam Neumann, former CEO of the shared workspace business WeWork, has placed his three-level penthouse in Manhattan on the market for $37.5 million, according to Mansion Global. 

    That’s a $2 million price jump from his $35 million outlay when he purchased multiple units in the building at the end of 2017, the Real Deal reported at the time. 

    Neumann, 41, scored a total of four units in the Irving Place building from 1920. He then combined two of the upper-floor units into a three-level spread, and reserved the bottom-floor space as a guest or staff quarters. That 1,234-square-foot duplex on the ground floor is also included in the sale. 

    This real estate spending spree occurred while the Israeli-born entrepreneur was a high-flying CEO with billionaire status at WeWork. After a failed initial public offering, Neumann was forced to resign his position. Now, he’s hoping to pass on his Gramercy Park pad. 

    Spiral staircase

    Luxury bath

    The top three floors have been “masterfully combined” into the penthouse residence, and “reimagined” by architect Pietro Cicognani, with interiors by Windsor Smith.

    The six-bedroom, 5.5-bathroom spread incorporates 7,880-square feet connected by a spiral staircase, and features ornate chandeliers, crown moldings, and herringbone floors. 

    Located in the Gramercy Park Historic District, the white-glove building includes door attendants, an elevator, and only six residences.

    The businessman co-founded WeWork in 2010, and served as CEO from 2010 to 2019. He and his wife, Rebekah Paltrow Neumann, also a WeWork co-founder (and Gwyneth Paltrow’s first cousin), have spent a reported total of $90 million on their real estate portfolio. Along with the Gramercy Park condos, they reportedly own homes in Westchester County, the Hamptons, and a mansion in the Bay Area. 

    Nick Gavin with Compass holds the listing.

    The post Ex-WeWork CEO Adam Neumann Selling NYC Penthouse for $37.5M appeared first on Real Estate News & Insights |®.

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