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

Mark Lapidus prefers co-op living to co-living

TRD New York /
Jun.June 27, 2017 02:30 PM

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.

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 TRData LogoTINY 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.


Related Articles

arrow_forward_ios
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

WeWork CEO Adam Neumann (Credit: Getty Images and iStock)

WeWork’s side businesses are fizzling

Sarah Pontius (Credit: Union College)

Another head rolls at WeWork

From left: Dan Teran and Joe De Buy (Credit: Getty Images)

Two bitter rivals compete for WeWork castoff

WeWork's Artie Minson and Managed by Q's Dan Teran 

WeWork in talks to sell off Managed by Q to free up some cash

From left: 1 West End Avenue, 161 West 13th Street and 66 Ninth Avenue (Credit: StreetEasy and Wikipedia)

Porter House penthouse among NYC’s 5 priciest homes to hit the market last week

15 East 90th Street (Credit: Google Maps)

Lonely townhouse finds a match after years on market

From left: renderings of 1 Propect Park West, 85 Jay Street and 98 Front Street in Brooklyn (Credit: StreetEasy)

The priciest Brooklyn condo filings of 2019

arrow_forward_ios