Ben Shaoul seeks to flip townhouse for nearly $10M

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

New York /
Jun.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 Articles

arrow_forward_ios
Sterling Equities Chairman Fred Wilpon and 334 West 20th Street (Getty, Compass)
Sterling Equities’ $22M Chelsea townhouse sale claims neighborhood record
Sterling Equities’ $22M Chelsea townhouse sale claims neighborhood record
Chipotle founder Steve Ells with 27 East 11th Street (Getty, BHS)
Chipotle founder wraps up $30M West Village crash pad
Chipotle founder wraps up $30M West Village crash pad
Brooklyn luxury contracts heat up in first week of October
Brooklyn luxury contracts heat up in first week of October
Brooklyn luxury contracts heat up in first week of October
30 Grove Street (Isaacs Ganz / RESERVE Real Estate)
West Village townhouse asking $28M in contract
West Village townhouse asking $28M in contract
Pfizer Mansion (Douglas Elliman)
Pfizer Mansion sells for $9M, shattering Clinton Hill record
Pfizer Mansion sells for $9M, shattering Clinton Hill record
11 East 93rd Street (Google Maps, Reza Nouranian Design)
Mystery buyer drops $16M on historic UES brownstone
Mystery buyer drops $16M on historic UES brownstone
Buyers of fixer-uppers can expect a substantial discount from the list price.
What discount to expect on stale listings, fixer-uppers
What discount to expect on stale listings, fixer-uppers
Aaron and Henry Manoucheri of Universe Holdings and Mariners Cove in Toms River (Universe Holdings, Google Maps)
Universe Holdings buys NJ townhomes for $60M in national expansion
Universe Holdings buys NJ townhomes for $60M in national expansion
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...