Former Burger King CEO Daniel Schwartz left the fast-food giant in 2019.
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Former Burger King CEO Daniel Schwartz, who left the fast-food chain in 2019, is now following in the footsteps of many elite Manhattan families and stepping into a $17 million penthouse. the real deal reported last week.
The 17-story, 19-unit co-op building at 993 Fifth Avenue on the Upper East Side features a penthouse with more than 5,000 square feet. Designed by Emery Roth in 1935, it has a sophisticated and elegant design. The building once housed Jacqueline Friedman Brogadir, the son of Chanel chairman Alain Wertheimer and the daughter of a former head of commercial banking at Goldman Sachs. The former purchased an apartment in 2019 for $19 million, and the latter purchased an apartment in 2020 for $25 million.
In 2020, the penthouse was put on the market for $20 million. According to StreetEasy listings, market prices have nearly doubled in 2021 to $39.5 million. Since 2022, listing market prices have continued to fall.
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Daniel Schwartz paid $17.2 million for his penthouse, according to public records. He purchased the apartment from David Feinberg of Feinberg Properties.
Schwartz’s penthouse offers stunning views of the surrounding area, overlooking Central Park and Billionaires Row. The unit has a total of 12 rooms, four bedrooms and 4.5 bathrooms. Interior features include a grand marble foyer entry, wrought iron staircase, and marble wood-burning fireplace.
In 2005, Schwartz joined the investment firm 3G Capital and became a partner three years later. In 2010, 3G acquired Burger King for $4 billion and appointed Schwartz as chief financial officer. Three years later, at the age of 32, he was appointed CEO.
Burger King has thrived under Schwartz, becoming Restaurant Brands, one of the largest fast-food restaurant companies, according to The Real Deal. Schwartz remains on the Restaurant Brands board of directors and is a co-managing partner of 3G.
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