Billionaire WeWork Co-Founder Adam Neumann Takes a Loss on Sale of Hamptons Home

Published: March 21, 2020 | By: American Luxury Staff

Earlier in the month, WeWork co-founder Adam Neumann listed his triplex residence in Manhattan for sale for $38 million. At the time the unit in Gramercy Park hit the open market, however, Neumann had another New York property up for sale, albeit quietly: this retreat on Long Island.

The high-rise condo remains on the market, but the retreat is now sold. Neumann let the bucolic slice of Hamptons heaven go for $1.25 million; he purchased it in 2012, for $1.7 million.

The property is nestled in Long Island farm country; it borders over 150 acres of land set aside for agriculture. The lot extends to about an acre, with large swaths of lawn, a guest house, a pool, and mature trees providing a quiet and private lifestyle away from the bustle of Manhattan.

The farmhouse contains four bedrooms and three baths. Its interior layout includes an open-concept living and dining area, and its living style is traditional.

In 2010, Neumann co-founded WeWork. He left the company in 2019. His net worth is around $1 billion.

Photo credit: Google Maps

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