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11 West 12th Street

Carey Smith Sells Landmark Greenwich Village Townhouse For $26.5 Million In Off-Market Deal
SOLDSingle Family

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:

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

Claudia Saez Fromm

Douglas Elliman

Broker

$74.3M

vol

5 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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