Starbucks CEO Howard Schultz buys penthouse worth $40m (₹270 crore)

Starbucks CEO Howard Schultz has plunked down $40 million for a four bedroom penthouse duplex at the Greenwich Lane.

While Schultz will soon step down as CEO, he will still play an active role in the company as its executive chairman.

The sprawling luxury condo complex of five buildings and five townhouses is on the site of St. Vincent’s Hospital. Other high profile buyers include fashion designer Michael Kors, Tamara Mellon, David Cone, Michael C. Hall and Village Voice owner Peter Barbey.

The property occupies the 16th and 17th floors of the 155 West 11th Street, and measures at 5,587 square feet. A price to space ratio reveals the luxury residence costs about $7,159 per square foot.

The penthouse sale, first reported in the Real Deal, was originally asking $45 million. The 5,587 square foot space features direct elevator access, floor to ceiling windows, stunning city views and more than 1600 square feet of private outdoor space — including a wrap terrace off the living room and a balcony off the master bedroom: perfect spots to enjoy a cup of Joe.

In 2011, The Post reported that Schultz bought a $4.6 million luxury condo in the Greenwich Village neighborhood for his son Jordan, a Huffington Post sports columnist, who had just gotten married.

Schultz is quite the serial real estate collector. He owns a $25 million home in Hawaii, estates in the Hamptons and Seattle and a property at chi chi 950 Fifth Avenue that he bought from Jonathan Tisch in 2008 for $25.492 million.

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