Tour The $40 Million Manhattan Penthouse Bought By Starbucks CEO Howard Schultz
Howard Schultz is marking the relinquishment of his Starbucks CEO position in a major way.
He reportedly dropped a cool $40 million on a glassy duplex penthouse at The Greenwich Lane development, sources told The Real Deal.
The property was described as a "jewel box in the sky" by the listing, and it had originally listed for $45 million. The apartment went into contract in February 2015, but the sale just recently closed via an anonymous LLC.
Schultz is expected to step down from his leadership position on April 3, and he will focus on Starbucks' higher-end Reserve line and the company's social initiatives.
Take the private elevator up to the 16th floor to access the duplex penthouse apartment. The apartment's total square footage is 5,587 when you also take the 17th floor into account.
Four bedrooms and four and a half bathrooms.
In total, the penthouse has four bedrooms and four and a half bathrooms.
Floor-to-ceiling windows and 1,600 square feet of outdoor space allow residents to overlook much of lower Manhattan and the Hudson River.