Starbucks CEO Howard Schultz Buys $40 Million Manhattan Retirement Pad

Image by Getty Images/Forward Montage

By Daniel J. Solomon February 13, 2017

Howard Schultz has bought one of Manhattan’s most expensive penthouses as he prepared to leave his position as the chief executive officer of Starbucks and head into semi-retirement.

Located in Greenwich Village, on the former site of St. Vincent’s Hospital, the apartment spills over the 16th and 17th floors of 155 West 11th Street. It’s 5,587 square feet, including 1,600 square feet of outdoor space in which to lounge and enjoy the view, reported The Real Deal real estate Web site.

Schultz, who helped build the Seattle-based coffee dispenser into one of the world’s largest global chains, will be handing off the reins to successor Kevin Johnson come April. He will still have a role in the company, working on the development of Reserve, Starbucks’ new line of “super-premium” coffee… because that four dollar latte wasn’t pricey enough.

Contact Daniel J. Solomon at [email protected] or on Twitter @DanielJSolomon

Daniel J. Solomon is the former Assistant to the Editor/News Writer at the Forward. Originally from Queens, he attended Harvard as an undergraduate, where he wrote his senior thesis on French-Jewish intellectual history. He is excited to have returned to New York after his time in Massachusetts. Daniel’s passions include folk music, cycling, and pointed argument.

A message from our CEO & publisher Rachel Fishman Feddersen

I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.

The coming year promises to be filled with more complex and historic developments. We are entering an era where independent, fact-based Jewish journalism will be more important than ever. We need to be ready for whatever 2025 will bring, and with your help, we can be.

We’ve set a goal to raise $260,000 by December 31. That’s an ambitious goal, but one that will give us the resources we need to invest in the high quality news, opinion, analysis and cultural coverage that isn’t available anywhere else.

If you feel inspired to make an impact, now is the time to give something back. Join us as a member at your most generous level.

— Rachel Fishman Feddersen, Publisher and CEO