Former Airbnb exec buys Cobble Hill home for $4.6M

December 11, 2018 By Raanan Geberer Brooklyn Daily Eagle

120 Congress St. Photo via Google Maps

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A former Airbnb executive and his wife recently bought a three-story Cobble Hill townhouse for $4.6 million.

Buyer Shaun Stewart, former global head of Airbnb’s vacation rental business, is now CEO of New Lab, a technology hub for high-tech entrepreneurs based in the Brooklyn Navy Yard, according to The Real Deal.

The $4.6 million cost of the house will certainly seem high to most people, but it’s actually a discounted price. The original price of the house at 120 Congress St. when it was listed in February was $5.5 million, The Real Deal said.

According to a recent report, 84 percent of high-end listings sold at a discount during the first three quarters of 2018. This represents a median amount of $500,000.

The sellers of the house were Frank Cicero and Stacey Campbell, The Real Deal reported.