WeWork’s Miguel McKelvey lists townhouse for $21M

The Greenwich Village abode is also being offered up as a $50K-per-month rental

New York /
Jan.January 02, 2020 09:45 AM
WeWork CCO Miguel McKelvey  and 18 West 11th Street (Credit: Getty Images and Google Maps)

WeWork CCO Miguel McKelvey  and 18 West 11th Street (Credit: Getty Images and Google Maps)

WeWork co-founder Miguel McKelvey is looking to part ways with his Greenwich Village townhouse.

McKelvey, the embattled flexible-office-space company’s chief culture officer, listed the 5,000-square-foot home for $21 million, the New York Post reported. Douglas Elliman’s Clinton Stowe and Melissa Bolotow have the listing, which is also being offered up as a $50,000-per-month rental.

He bought the property at 18 West 11th Street for $12 million in 2015, city records show.

The Weatherman — a militant political group later renamed Weather Underground — accidentally detonated a bomb in the basement in 1970, resulting in three deaths. The 1845 townhouse was remodeled in 1978 and features a rear garden with a private entrance, a central atrium, a radiant heating system and a two-floor master bedroom. The pad is just north of Washington Square Park.

McKelvey, who co-founded WeWork with Adam Neumann in 2010, has largely stayed out of the limelight amid the firm’s aborted public offering, diminished valuation and SoftBank takeover and rescue package.
McKelvey recently said the company’s troubles had shocked him and offered reassurances to a group of WeWork employees. [NYP] — Georgia Kromrei


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