Updated Dec 21, 2023
Adam Neumann Sells Greenwich Village SFR For $13.65M
41 West 11th Street, Manhattan, New York, NY, USA
$13,650,000
$2,522/SF
Building Size
5,411 SF
Asset Type
Single Family Residence
Closing
Jun 30, 2020
About this deal
AI
Located in Greenwich Village, the property at 41 West 11th Street recently changed hands in a sale transaction. The single-family residential (SFR) asset is spread across 5,411 square feet. The property was sold by Adam Neumann, the co-founder and former CEO of WeWork, for a price of $13,650,000. This translates to a price per square foot of $2,522. It is worth noting that the property's previous sale took place in November 2013 for $10,500,000.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $13,650,000
- Square Feet: 5,411
- Price per Square Foot: $2,522
- Last Sale Price: $10,500,000 (11/2013)
Adam Neumann, an Israeli entrepreneur, was the seller of the property. Neumann, who co-founded WeWork, holds an estimated net worth of $750 million, according to Forbes. The sale of this property is significant given Neumann's involvement in the global co-working space company.
On the Map
$13,650,000
$2,522/SF
Single Family Residence
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Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.5K per square foot on a published $13.7M for 5,411 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.16%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93