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Adam Neumann, the former WeWork CEO, is looking at selling one of his Manhattan residences, according to Bloomberg. The property, located on Irving Place, in Gramercy, is a four-bedroom duplex penthouse combined with a three-bedroom unit on the floor below.
Neumann paid $27.5 million for the apartments in 2017, and he owns two additional units on the same building, which he bought for $7.2 million; but those will likely not be part of a potential deal, according to Bloomberg. The apartment will be listed with Nick Gavin of Compass, the New York Post says.
And in other news...
- As Manhattan continues to face a luxury condo glut, sellout prices for the 10 most expensive condo projects in the borough fell by 58 percent compared to last year.
- City Council Speaker Corey Johnson responded to the resurrected idea of Staten Island seceding from the rest of New York City, saying the borough’s separation would be a “travesty.”
- Mayor Bill de Blasio is pushing to make significant changes to a bill that would require new city-sponsored developments to set aside 15 percent of their units for the homeless. De Blasio has reportedly suggested making the 15 percent set aside annually, instead of for every new development.
- A City Council committee passed a bill to allow the NYPD to tow vehicles parked on crosswalks, bike lanes, sidewalks, and bus lanes (as opposed to just ticketing them). The bill is aimed at cracking down on city-issued parking placard abuse.
- 1 Park Row’s demolition will begin next week.
- The dollar van network that serves several ‘subway dessert’ areas of Brooklyn and Queens now has a new handy app called Dollaride.
- On the Upper West Side, a community board committee voted to approve a resolution for the city to study the possibility of ending free parking.