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J. Carey Smith Sells Landmark Townhouse At 11 West 12th Street For $27 Million

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SOLD
$27,000,000

New York

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Single Family9,652 SF
Sold 06/23/2025
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Property Image
SOLD

J. Carey Smith Sells Landmark Townhouse At 11 West 12th Street For $27 Million

11 West 12th Street

See Similar Deals
Single Family9,652 SF
Sold 06/23/2025
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Summary

NEW YORK
Asset Type:Single Family
Price Per Square Foot:$2,797
Total Square Footage:9,652 SF
Transaction Type:Sale

A landmarked six-story townhouse at 11 West 12th Street in Manhattan's West Village has entered contract. The property has an asking price of $27,000,000 and offers a total square footage of 9,652. The price per square foot is noted at $2,797. The townhouse was previously owned by Malcolm Forbes and was purchased by the seller in 2019 for $19.9 million after selling Big Ass Fans.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $27,000,000
  • Address: 11 West 12th Street
  • Market: West Village, Manhattan
  • Square Footage: 9,652
  • Price Per Square Foot: $2,797
  • Seller: J. Carey Smith
  • Brokers: Mark David Fromm & Claudia Saez Fromm - Douglas Elliman

The deal includes J. Carey Smith, the founder of Unorthodox Ventures, as the seller. Mark David Fromm and Claudia Saez Fromm are the broker representatives involved in this transaction, representing the seller throughout the sale process.

Players

Claudia Saez Fromm
5 deals$74.3M volume(212) 203-1798
BROKER

Claudia Saez Fromm
Douglas Elliman
5 deals$74.3M volume(212) 203-1798
BROKER

Mark David Fromm
Douglas Elliman
4 deals$65.2M volume(917) 331-4400
BROKER

Douglas Elliman
BROKERAGE

Details

SOLD
IMAGE: - UNDER CONTRACT IMAGE: J. Carey Smith, Mark David Fromm & Claudia Saez Fromm DATE: 06/23/2025 ADDRESS: 11 West 12th Street MARKET: West Village, Manhattan ASSET TYPE: Single Family SELLER: J. Carey Smith BROKERS: Mark David Fromm (@MarkDavid_Fromm) & Claudia Saez Fromm (@ClaudiaSaezFromm) - Douglas Elliman (@DouglasElliman) ASKING PRICE: $27,000,000 SF: 9,652 ~ PPSF: $2,797 NOTE: A landmarked six-story townhouse at 11 W. 12th St. in Manhattan’s West Village, once owned by Malcolm Forbes and most recently listed for $27 million, has entered contract. Seller J. Carey Smith, founder of Unorthodox Ventures, bought the 9,652-square-foot property for $19.9 million in 2019 after selling Big Ass Fans.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$95,925.30
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