Holy guacamole! Chipotle founder sells West Village home at loss

From left: Lyor Cohen, 92 Jane Street and a Chipotle burrito
From left: Lyor Cohen, 92 Jane Street and a Chipotle burrito

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.

Cohen was previously the North American chairman and CEO of Warner Music Group. He’s now spearheading a new music venture named 300 that’s dedicated to finding new talent.

Ells purchased the 92 Jane Street home for $13.425 million in 2008, records show. The spread measures 4,400 square feet across five floors, and has four bedrooms, three bathrooms and two half bathrooms.

A Chipotle spokesperson did not immediately return a call seeking comment.

The home took some time to sell. It was first listed for $16.5 million in September 2012 and then underwent some price chops to $13.99 million before Ells rented the digs to Cohen for an undisclosed sum early last year, StreetEasy shows.

The home went back on the market last June with a $14.5 million ask with the same Corcoran Group trio of Robert Browne, Chris Kann and Jennifer Ireland. They did not immediately respond to a message seeking comment on the deal.

The sale entered contract in early January and transferred earlier this month, the deed shows.

Cohen, who could not immediately be reached, bought quite the bundle. Fronted by a restored 19th century Greek Revival façade, thoroughly modern-looking floor-to-ceiling glass windows comprise the rear. The townhouse boasts two roof terraces, four wood-burning fireplaces and a wine cellar.

Cohen had long been on the prowl for a home since selling his townhouse on East 94th Street for $25 million in December 2012, according to previous reports. — Zachary Kussin

 

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