Former WeWork CEO Adam Neumann puts his Gramercy penthouse on the market for $37.5M
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Former WeWork CEO Adam Neumann puts his Gramercy penthouse on the market for $37.5M

February 19, 2020

Listing photos courtesy of Compass

After the fallout from a failed IPO and subsequent stepping down from the company, WeWork founder and former CEO Adam Neumann has been slowing unloading his real estate empire. The latest listing is for his three-floor Gramercy penthouse at 78 Irving Place. He and wife Rebekah Paltrow Neumann bought three units in the pre-war condo (that’s half of the total units in the building) in 2017 for a total of $35 million and then embarked on a major combination and remodel.

Taking up the top three floors of the building, the residence was designed by architect Pietro Cicognani with interiors by Windsor Smith. The centerpiece of the elegant home is a spiral staircase that leads to all the floors. Clean white walls with picture moldings, crystal chandeliers, pale gray herringbone wood floors, white and gray marble, and metallic accents feature throughout.

The first floor holds the formal living and dining rooms, a media room, and an eat-in kitchen.

The second floor has four bedrooms, two of which have en-suite bathrooms. The entire third floor is devoted to the master suite, which includes one-and-a-half bathrooms, a sitting room, and a huge dressing room. There is also a nice-sized roof deck.

The $37.5 million asking price–which means the Neumanns will only get a $2.5 million profit at best–also includes a 1,245-square-foot duplex on the first floor that the couple also owns. Compass agent Nick Gavin declined to comment on the sale.

[Listing: 78 Irving Place, Unit PH by Nick Gavin and Josh Doyle of Compass]

[At CityRealty]

All listing photos courtesy of Compass

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

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