Ben Shaoul seeks to flip townhouse for nearly $10M

Developer gut renovated West Chelsea home he purchased for $2.7M

TRD New York /
June 24, 2014 04:05 PM

Ben Shaoul has overhauled a single-family townhouse in West Chelsea, and for his troubles, he’s seeking roughly $7.3 million more than he paid for the property.

The six-floor home at 450 West 25th Street is on the market for nearly $10 million, a handsome markup from the $2.7 million purchase price Shaoul paid last year, reported Curbed. That said, Shaoul put considerable work into the property.

Architect Wayne Turett, the man behind Tribeca Development Partners and Gold Development’s 15 Leonard Street, reimagined the 6,624-square-foot, four-bedroom house with a glass façade in the rear overlooking a backyard kitchen and garden. The cellar has been excavated to create a 10-foot-high rec room, and the penthouse family room includes north and south-facing terraces.

The listing went live on Urban Compass on Friday, but the brokers staged the property three months ago and have been showing it since.

Shaoul and partner Marc Ratner bought the house from painter Christine Amarger, according to Curbed. [Curbed]Tom DiChristopher

Related Article

Vornado president Michael Franco and 512 West 22nd Street (Credit: VNO)

WarnerMedia to anchor Vornado’s West Chelsea spec office

Magnum Real Estate's Ben Shaoul and 385 First Avenue (Credit: Getty Images and StreetEasy)

Investor linked to detained Chinese oil tycoon snaps up 10 condos at Ben Shaoul’s Gramercy Park tower

15 West 76th Street and David Berkowitz (Credit: RiverPark Ventures)

Charity case? Hedge funder makes tidy sum off townhouse sale to nonprofit

2 North Moore and Mark Zittman (Credit: Google Maps and Tuatara Capital)

Townhouse at 2 North Moore sells for $27M after 5 years on the market