Updated Jun 25, 2025
J. Carey Smith Sells Landmark Townhouse At 11 West 12th Street For $27 Million
11 West 12th Street
$27,000,000
$2,797/SF
Building Size
9,652 SF
Asset Type
Single Family
Closing
Jun 23, 2025
About this deal
AI
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
New York Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2.8K per square foot on a published $27M for 9,652 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93