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WeWork’s real estate head buys UES co-op for $2.8M

Mark Lapidus prefers co-op living to co-living

120 East 79th Street and Mark Lapidus (Credit: Adam Pincus for <em>The Real Deal</em>)
120 East 79th Street and Mark Lapidus (Credit: Adam Pincus for The Real Deal)

WeWork’s head of real estate may bang the drum for co-living, but when it comes to his personal abode he prefers a co-op.

Mark Lapidus and his wife Cari just laid out $2.8 million for a three-bed co-op on the Upper East Side, property records filed with the city Tuesday show.

The Lapiduses bought the pad, which has a formal dining room and an outside double staff room, at 120 East 79th Street from the cardiologist Howard Levite, who had purchased the home in 2002, records show.

A representative for Lapidus was not immediately available for comment.

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Lapidus joined the co-working giant as head of real estate in 2012 after meeting company cofounder Adam Neumann at a wedding.

He was involved with launching WeWork’s [TRDataCustom] first two co-living locations at 110 Wall Street and another in Washington, D.C.

He also comes from a real estate family, which earlier this year sold a ground lease on a property it owns in the Flatiron District with Samco Properties to Madison Realty Capital for $85 million.

Faith Fisher Einhorn of Douglas Elliman represented the sellers in the deal.

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