Ex-WeWork CEO Adam Neumann wants $37.5M for Gramercy duplex

WeWork co-founder Adam Neumann has officially put his lavish home in Manhattan’s posh Gramercy neighborhood on the market, asking $37.5 million.

Murmurings that Mr. Neumann planned to sell the remodeled triplex began percolating in December, and they finally materialized on Thursday, when the listing went live with real estate agent Nick Gavin of Compass. The agent and Neumann declined to comment through their respective publicists.

Neumann, 41, who stepped down as WeWork’s CEO in September following the company’s failed initial public offering, bought four apartments in the 1920s condo building, including its penthouse, in 2017 for a combined $35 million, according to public records.

The deal marked an upgrade for the entrepreneur and his wife, Rebekah Paltrow Neumann, WeWork’s co-founder, who already owned a historic Greenwich Village townhouse for which they paid $10.5 million in 2013, according to public records.

Unlike in the Greenwich Village deal, which the couple closed using their own names, they chose privacy in the multi-unit Gramercy sale by obscuring their identities behind a limited liability company. But construction applications later filed as part of the family’s ambitious remodel confirm the connection. A point of contact in city building documents was Adam Neumann’s then chief of staff.

The couple have completely redone the Gramercy home over the past three years. They merged the existing duplex penthouse with the full floor below to create an airy three-story apartment.


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