Tour The $40 Million Manhattan Penthouse Bought By Starbucks CEO Howard Schultz Everybody has to live somewhere.

By Dennis Green

This story originally appeared on Business Insider

Corcoran
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.

Greenwich Village

Greenwich Lane is a new development on a busy corner in New York City's Greenwich Village.

Lobby

The lobby is well-appointed with marble fixtures.

Garden

A private garden for residents lies out back.

Children's playroom

There's a children's playroom ...

Swimming pool

... and a 25-meter swimming pool for communal building use. There's also a separate 5,300-square-foot health center.

Private elevator

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.

Views

Floor-to-ceiling windows and 1,600 square feet of outdoor space allow residents to overlook much of lower Manhattan and the Hudson River.

Dennis Green

Reporter

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

This 24-Year-Old's Creative Side Hustle Surpassed $1 Million in Sales: 'Definitely Doing Something Right'

Content creator and actor Alyssa McKay saw the perfect opportunity to innovate.

Business News

These Are the 10 Highest-Paying Jobs With the Lowest Stress, According to a New Report

From astronomer to geographer, these jobs will reportedly offer the highest paychecks with the least amount of stress in 2025.

Starting a Business

How Startup Competitions Provide Access to Silicon Valley

Here's how participating in startup competitions can help you expand your business's presence and scale it rapidly.

Money & Finance

Preserving My Legacy — How I Secured My Family's Financial Future Through a Trust

A trust isn't just a legal tool for the ultra-wealthy — it's a strategic way to ensure your loved ones benefit from your hard work.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.