The Real Deal New York

Holy guacamole! Chipotle founder sells home at a loss

Steve Ells bought the West Village townhouse for $13.4M, sold it for $11.4M
By Zachary Kussin | February 18, 2014 04:45PM

From Luxury Listings NYC: Steve Ells — the founder of America’s favorite on-the-go burrito and burrito bowl source Chipotle — sold his 24-foot West Village townhouse at a roughly $2 million loss in an $11.4 million deal, according to city records filed today. Music industry exec Lyor Cohen, who had actually been renting the home since last year, made the buy. [more]

  • Ed

    But BUT BUT Manhattan real estate always goes up! That’s what the brokers told me!

    • Victor

      There are plenty more of these deals on the way!!!