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Hotelier wants to check out of his $16M Soho condo

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Ed Scheetz, former co-owner of the Hotel Chelsea, wants out of his Soho apartment

Hotelier Ed Scheetz has listed the 4,189-square-foot Soho apartment for which he paid $10 million in 2008. If one thing is looking up for Scheetz, it’s the apartment’s asking price: the former Morgans Hotel Group CEO listed the Greene Street apartment for just shy of $16 million, $5.995 million more than he paid for the spread complete with two bedrooms and a 2,000-square-foot terrace.

Its been a rocky few years for Scheetz, who purchased the penthouse on Greene Street between Grand and Canal streets in the wake of the overdose death of his girlfriend in his Las Vegas apartment. Scheetz also recently bucked his ownership stake in the Chelsea Hotel, despite renaming his King & Grove brand of hotels after the well-known West 23rd Street establishment.

This isn’t the first time Scheetz has tried to ditch the Green Street duplex. It first hit the market in February asking $18 million, and appeared again in July seeking an even $16 million.

The apartment bears the mark of the hotelier, with its ebonized 6-inch wide hickory oak floors, black marble, and other masculine accents throughout. Scheetz made waves with the design community when he gutted the Royalton’s Philippe Starck-designed lobby in favor of what the Observer referred to as "leathery, metallic noir décor" and a two-sided gas fireplace.

20 Greene Street

20 Greene Street, New York, NY