Former Airbnb exec snags Cobble Hill townhouse for $4.6M

Shaun Stewart picked up the pad at a discount of roughly $900K

TRD New York /
Dec.December 10, 2018 04:02 PM

120 Congress Street in Brooklyn and Shaun Stewart

A former Airbnb exec just snatched up a Cobble Hill townhome near his new gig.

Shaun Stewart, former global head of Airbnb’s vacation rental business, and his wife, Katie Krawiec Stewart, paid a discounted price of $4.6 million for the three-story home, according to a city filing. The townhouse, located at 120 Congress Street, was listed in February for about $5.5 million.

After his work at Airbnb, Stewart became a director in Google’s self-driving cars unit. Now he is CEO of New Lab, a technology hub for entrepreneurs working in advanced technology. It’s housed in the Brooklyn Navy Yard.

The sellers of the townhouse were Frank Cicero and Stacey Campbell. Stribling’s Jeffrey Stockwell and Alan Shaker had the listing. Shaker referred questions about the sale to lead broker Stockwell, who could not immediately be reached.

The luxury property is one of many to sell at a discount: A recent report found that 84 percent of high-end listings sold at a discount during the first three quarters of 2018. That’s up from 65 percent when the robust market of 2015. But the dollar amount of discounts remained the same, with a median of $500,000.

Related Articles

From left: Mayor Bill de Blasio, 54 West 39th Street, 62 Grand Street, and 208 West 30th Street (Credit: Google Maps)

The Airbnb crackdown continues: City targets three more buildings

Mayor Bill de Blasio and Stanley “Skip” Karol, an Airbnb host (Credit: Getty Images and Youtube)

Airbnb host narrowly clears hurdle in First Amendment claim against city

A West Village Airbnb listing (Credit: Airbnb)

Airbnb Luxe launched without listings in one of their biggest potential markets — why?

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

60 East 93rd Street and Carlton Hobbs (Credit: Google Maps and Getty Images)

Why a $68M townhouse listing was abruptly pulled off the market

Zillow President Jeremy Wacksman

Zillow launches its high-stakes home-flipping business in LA