Starbucks CEO Howard Schultz drops $40M on the Greenwich Lane’s most expensive penthouse

February 13, 2017

It’s safe to say this $40 million penthouse is of the “venti” size, considering it’s the priciest unit in new mega-development the Greenwich Lane and, at $7,159/square foot, one of the most expensive residential sales in Greenwich Village to date. Though The Real Deal reports that the buyer is Starbucks CEO Howard Schultz, whose estimated $3 billion net worth makes this a drop in the bucket. The 5,587-square-foot duplex spans the 16th and 17th floors and boasts floor-to-ceiling windows with skyline views and more than 1,600 square feet of private outdoor space.

The penthouse has four bedrooms, direct elevator access, oak hardwood floors, custom millwork and six-inch baseboards, and custom lighting designed by Thomas O’Brien. A gallery on the 16th floor opens to a loft family room, which has a 44-square-foot balcony. Also on this floor is the master suite with its 184-square-foot terrace, two large walk-in closets, and marble bathroom, as well as two other bedrooms with en-suite bathrooms. Upstairs is the chef’s kitchen, which comes complete with custom-paneled, dark-stained cabinetry, veined gray marble countertops and backsplash, and high-end appliances. The bright living room has a fireplace and wet bar and opens to a huge, 1,400-square-foot, wrap-around terrace.

Greenwich lane Garden

Schultz will be stepping down from his role as CEO in just two months to focus more on Starbucks’ new Reserve Roastery and Tasting Room business. In a recent interview with CNN Money, he attributed his ambition to his upbringing in the projects in Canarsie, Brooklyn, a long way away from his new Village penthouse.

[Listing: 155 West 11th Street, PH South by the Corcoran Group]

[Via TRD and CityRealty]


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