WeLive: Adam Neumann buys Greenwich Village townhouse

TRD New York /
Jan.January 06, 2014 03:50 PM

Adam Neumann, the founder of collaborative workspace provider WeWork, has a new transaction to add to his repertoire, but this time it’s not for office space. Neumann, along with his actress and filmmaker wife Rebekah Paltrow Neumann (a cousin of Gwyneth), bought a townhouse at 41 West 11th Street for $10.5 million, according to city records filed today.

The home is located between Fifth and Sixth avenues in the Greenwich Village. Sara Gelbard, Paul Kolbuzs and Christopher Infante of the Corcoran Group had the listing for the nearly 23-foot-wide property. The home first hit the market in December 2012 for $11.995 million and underwent some price cuts until reaching its final ask of $10.9 million this past July, according to StreetEasy.

The sale entered contract in early August and transferred in late November, according to the deed.

The home was built in 1847 in the Greek Revival style, according to the listing. It boasts seven wood-burning fireplaces and original hardwood flooring. The parlor alone has full-height windows and plaster rosettes. There are six bedrooms, 5.5 bathrooms, and the home is configured as an owners’ triplex topped with a guest suite.

“It’s a beautiful house with lots of details,” Kolbuzs told The Real Deal.

Infante declined comment. Gelbard did not immediately respond to a request for comment. A representative for Neumann did not immediately respond to a request seeking confirmation and comment.

Israeli native Neumann has had quite the year with WeWork. The company’s on track to become the city’s fifth-largest office tenant, as previously reported.

His company is also looking to add a 500,000-square-foot space at the Brooklyn Navy Yard and, as of November, was in advanced talks to take all 300,000 square feet of Rudin Management’s 110 Wall Street. In September, the company inked an 86,000-square-foot lease at 25 Broadway, as The Real Deal reported. In March, WeWork took over 120,000 square feet at 222 Broadway in a deal that was valued at roughly $75.7 million, as The Real Deal also reported.

And in 2012, Neumann acquired the rights to buy the top 25 floors of the iconic Woolworth Building for $68 million.

The seller is listed as Rick Bierman, a real estate attorney, who bought the townhouse in September of 1987 and raised his family there. With his kids grown, he said it’s time for he and his wife Kathy to downsize.

“I’m very happy that the Neumanns are buying and let me tell you why: They’re a family,” he said.


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