J. Carey Smith has found a buyer for his NYC townhouse



A landmarked West Village townhouse once owned by the late magazine publisher Malcolm Forbes — known in part for his extravagant homes, Republican politics and Fabergé egg collection — has found a buyer.

The 25-foot-wide, six-story dwelling at 11 W. 12th St. was last asking $27 million before entering contract. The sale has not closed and it’s not yet certain how much it’s selling for.

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The seller is Texas-based entrepreneur J. Carey Smith, who paid $19.9 million for the stately home in 2019.

The late publisher Malcolm Forbes. Getty Images
J. Carey Smith is the current seller of the property.
The home’s charming red brick exterior. Douglas Elliman
The residence benefits from massive exposures. Douglas Elliman
A view inside the roomy kitchen. Douglas Elliman
There’s room for the new owner to have a home office. Douglas Elliman
A cheerfully designed bedroom inside the townhouse. Douglas Elliman

It was the highest-priced property to enter into contract last week, according to Olshan Realty’s luxury market report. The news was first picked up by the Real Deal.

Smith sold his company, Big Ass Fans, for $500 million in 2017. He has since founded Unorthodox Ventures, an investment company based in Austin.

The townhouse, located along the prime Gold Coast, dates to 1847.

A lovely bath retreat. Douglas Elliman
The handsome formal dining room. Douglas Elliman
The new owner will also get the most supreme New York perk: private outdoor space. Douglas Elliman
There’s plenty of room for outdoor dining now that summer has arrived. Douglas Elliman

The previous owners were Icon developers Todd Cohen and Terrence Lowenberg, who had paid $7.25 million for it in 2012 and then did a gut-renovation.

The 9,652-square-foot home comes with five bedrooms, six baths and a two-car garage.

Details include an elevator, an 800-bottle wine room, a movie theater, a gym and a great room with ceilings over 22 feet high. There are also 2,423 square feet of outdoor space, from a private garden to two terraces and a rooftop hangout.

The listing brokers are Douglas Elliman’s Mark Fromm and Claudia Saez-Fromm.


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