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Carey Smith Sells Landmark Greenwich Village Townhouse For $26.5 Million In Off-Market Deal
SOLD
$26,500,000
New York
See Similar DealsSingle Family9,562 SF
Sold 10/06/2025
SOLD
Carey Smith Sells Landmark Greenwich Village Townhouse For $26.5 Million In Off-Market Deal
11 West 12th Street
See Similar DealsSingle Family9,562 SF
Sold 10/06/2025
Summary
NEW YORK
Asset Type:Single Family
Price Per Square Foot:$2,771
Total Square Footage:9,562 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,413,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$94,148.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$125,623.52
Annual Debt Service$1,507,482.24
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