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 Mr. Neumann declined to comment through their respective publicists.
Mr. 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 Mr. 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.
An eat-in kitchen, living room and dining room are arranged across the very top floor, giving the main living and entertaining spaces access to the 800-plus-square-foot roof deck. A dramatic spiral staircase descends at the core of the apartment to all three levels.
Four bedrooms of varying sizes and amenities span the middle floor, while the entire fifth floor below is devoted to the Neumanns’ master suite. An L-shaped bedroom and sitting room take up one half of the sprawling boudoir, while the other half encompasses a large dressing room and office, floor plans of the home show.
Images of the interior show elegant interiors swathed in a blank palette of whites and grays glammed up with statement light fixtures and Art Deco-inspired details.
As part of the $37.5 asking price, the penthouse is being sold together with the smaller of two first-floor duplexes that the Neumanns also own. The listing agent bills the additional unit as “perfect for guest or staff accommodation.”