Price Cut On Chipotle CEO Townhouse

Wednesday, 17 Oct 2012 05:21 PM

There it is – the first price cut for Steve Ells townhouse at 92 Jane Street. Purchased in 2008 for $13.4 million, Steve tried to sell it for $16.5 million – making a $3.1 million profit in just four years. The new price is $14.9 million, leaving Steve with a profit of barely $1.5 million if it sells at the new asking price. That's still a lot of money as most of us would do anything to make $1.5 million on a 4 year investment.

The landmarked 24’ wide pre-war building was built in 1858 and has five floors, four bedrooms, two family rooms/libraries, three baths and two half baths. It also has 4 active wood burning fireplaces, a wine cellar and views of the Empire State Building from the rooftop terrace.