Carey Smith Sells Landmark Greenwich Village Townhouse For $26.5 Million In Off-Market Deal
11 West 12th Street
$26,500,000
$2,771/SF
Building Size
9,562 SF
Asset Type
Single Family
Closing
Oct 6, 2025
AI
A single-family townhouse located at 11 West 12th Street in the Greenwich Village market was sold for $26,500,000. The property encompasses a total area of 9,562 square feet, translating to a price per square foot of $2,771.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $26,500,000
- Seller: Carey Smith
- Brokers: Mark David Fromm & Claudia Saez Fromm - Douglas Elliman
- Sale Date: 10/06/2025
This transaction involved Carey Smith, the founder of Big Ass Fans, who was the seller of the property. The townhouse has notable historical significance, having once been owned by the Forbes family, and the sale took place as an off-market deal.
Players
New York Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93