Real Estate
Chipotle Founder Flips West Village Home For Millions: Report
Just eight months after Steve Ells bought 27 E. 11th St. for $29.5 million, he's selling it for $35 million, reported the NY Post.
WEST VILLAGE, NY — Steve Ells is all about speed. Fast food Mexican cuisine and flipping luxury West Village townhouses in less than a year for millions.
The Chipotle founder just sold his West Village pad at 27 E. 11th St. for $35 million, which is just eight months after he bought the property for $29.5 million, reported the New York Post.
It means Ells made a profit of around $5 million.
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The 27 East 11th Street townhouse has five stories, 18 rooms, seven bedrooms, 10 bathrooms, four fireplaces, a private elevator, a roof garden, and more, according to a listing.
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Ells didn't even buy the townhouse in the first place to serve as his primary home, but instead as a crash pad to wait out construction at his nearby mega-mansion.
In 2021, a storm revealed flaws with the bricks of his megamansion that could add years to the construction, which prompted him to buy the 27 E. 11th St. home.
You can read the full story on the New York Post's website.
Read More: Chipotle Founder Buys $30M Village Home Near His 'Mega-Mansion'
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