One of the cofounders of WeWork, Adam Neumann, and his wife, Rebekah Paltrow Neumann, are selling their five floors of real estate in a boutique building in New York’s Gramercy Park. The price includes a triplex penthouse on the upper floors as well as a 1,245-square-foot duplex apartment on the first floor.
This is the only active listing for the six-unit building, in which the Neumanns also own a second duplex unit on the first floor (but that is not included in the sale).
Neumann stepped down as CEO from the embattled WeWork last fall after it failed to complete its IPO and the company quickly went from an impressive $47 billion valuation to one of about $8 billion. Forbes estimates Neumann’s net worth as $1 billion.
This four-bedroom unit used to be four separate condos, which the couple purchased for a combined $35 million. They then brought on Pietro Cicognani to oversee the remodel and Windsor Smith to design the interiors. The new look of the 7,880-square-feet unit stays true to the 1920s era when the building was built, with white walls adorned with classic molding and many fixtures in an antique bronze finish. Pictured below is the living room, with working fireplace, that has an elaborate light fixture in subtle metallics. Peeking out from under the rug is the herringbone pattern of the wood floor—a pattern also visible inside the fireplace.
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