The Greenwich Village townhouse where the late Malcolm Forbes threw extravagant parties for CEOs and celebs just sold for $20 million - take a look inside.
Malcolm Forbes was the publisher of Forbes Magazine. He died at the age of 70 in 1990. In his obituary, The New York Times estimated that his net worth was somewhere between $400 million and $1 billion.
Forbes' former townhouse is located in Greenwich Village at 11 West 12th Street. In a 2018 Property Shark report, the Village was ranked the 8th-most expensive neighborhood in New York City.
Source: Google Maps
The six-level townhouse was originally built in 1847. Malcolm Forbes bought the townhouse in the early 1960s and, according to The Wall Street Journal, he used it "purely" to host parties and visiting celebrities.
Source: Curbed, The Corcoran Group, The Wall Street Journal
After being sold to developers back in 2012, designer Paris Forino was brought in to style the 9,000-square-foot townhouse.
Source: Curbed
In June 2019, it was sold for $19.9 million to J. Carey Smith, founder of "Big Ass Fans."
Source: The Wall Street Journal
The property offers around 2,400 square feet of outdoor space, which can be accessed through a set of glass doors that open up from the kitchen.
Source: Curbed
The home has five bedrooms, but according to Curbed, two additional rooms in the house could also be used as bedrooms.
Source: Curbed
The townhouse was originally listed for $28.5 million. After multiple price cuts it was finally sold for over $8 million less than the original asking price.
Source: The Corcoran Group
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