The verb refers to famous living American artist and filmmaker Julian Schnabel who angered his neighborhood in New York City in 2007 by erecting a hot pink high rise residential tower.
2. noun. An inappropriately renovated building hated by its neighbors.
Oh, no, honey! We would schnabel our house if we painted it lime green.
2. noun. Such as shame what they've done to that place. It's now a big schnabel!