Adam Neumann has returned to the Manhattan luxury market – but this time, he is taking a slightly weaker approach.
The collapsed founder of Wework has re-listed his widespread Triplex Pentthouse to 78 Irving Place for $ 22.75 million, marking a considerable discount from previous offers.
But the thinnest price is for one reason: the sale no longer includes the additional guest apartment that had joined during primary attacks to sell.
For years, Neumann, 46, and his wife, Rebekah, had tried to sell a full 7,880 -meter -meter spread as a package, ranking it recently for $ 24.99 million in 2024 and initially $ 37.5 million in 2020.
In 2023, the price dropped to $ 32 million. Last summer, it was ranked again for $ 25 million.
Now, sources have told the post that they are holding the smallest unit for themselves-like a guest suite or home base when they are in New York-while offering only the main residence: dust rooms.
The property is co-raised by Madeline Hult Elghanayan of Douglas Elliman, along with Jason Haber of Compass.
“This is a singular apartment in today’s market. He must be advertised as such,” Haber Post told. “And so, we bifurcated it in what is no longer in the market. And now we are focusing our full efforts in this very special settlement in itself, not with another apartment attached to sale.”
It is often described as a “city in the city in the sky”, Triplex crowns a six -residence building outside the Gramercy Park.
Designed by architect Pietro Cicognani, the apartment features a sculptural spiral staircase under a bright window of the window, the city’s loud window and radiant ray floors. Each floor includes approximately 2,200 square meters and is a service from a private elevator.
The high -level space that enters the space includes an excellent corner room with a stone fireplace, an official dining area, an environmental lounge and a kitchen of a chef equipped with industry scale equipment.
The entire Midfes floor is dedicated to the main suite, completed with a midnight ribbon, a private study, a Parisian -style dressing room and a marble bathroom with a steam shower and a bath tub.
The lower level houses three extra bedrooms, each with an en-suite bath and dressing area, plus a lounge or flexible use library. Above all is a private terrace nearly 1,000 square meters with horizontal views and space for a summer kitchen, a bathroom and a custom fireplace.
“I sell a lot of cities all over the city; they never come with a doorman,” Haber said. “And for the first time – and I’ve done this for 18 years – I’m seeing a union of both.
Neumann and Rebekah, a cousin of actress Gwyneth Paltrow, bought the two original units in 2017 for $ 27.5 million and later combined them.
While they have now chosen to keep the smallest unit for personal use, the couple’s decision to sell only the main residence can be a more strategic game in a soft ultra-luxury market.
Restoration comes while Neumann continues to offer parts of his once expansive real estate portfolio.
In 2020, he sold his Hamptons home for $ 1.25 million. In 2021, he sold his hometown of Greenwich Village Townhome for $ 13.65 million and his complex in San Francisco for $ 22.4 million. And in 2023, he sold his home in Westchester for $ 3.42 million.
Since his departure from Wework, Neumann has launched a new real estate enterprise called Flow, which has attracted large interest of investors – especially an investment of $ 350 million by Andreessen Horowitz in exchange for capital linked to Neumann’s Sun property.
Flow has masked a portfolio of nearly 4,000 luxury leases in southeastern cities such as Miami and Fort Lauderdale.
Flow recently raised $ 100m more, increasing its estimation to $ 2.5 billion.
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