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.

Business News

Your Old Apple AirPods Can Soon Act as an Over-the-Counter Hearing Aid, According to the FDA

The new software is compatible with the Apple AirPods Pro and accessible through iOS — for free and now FDA-authorized.

Science & Technology

39% of Your Skills Will be Obsolete in 5 Years — Here Are 6 Skills You Will Need to Adapt and Thrive

AI agents are transforming business — adapt or be left behind.

Side Hustle

'Over $100,000 a Month': His Spicy Side Hustle Became a Full-Time Business and Hit 7-Figure Revenue — Here's How He Did It

Brock Giles, 36, started a business inspired by his childhood filled with "food, cooking and entertaining."

Science & Technology

3 Reasons Why Web3 Will Flip Digital Ownership On Its Head

Here are the three things that Web3 could completely change about digital ownership.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.