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.

Libertina BrandtJun 20, 2019, 19:20 IST

Santi Visalli/Getty Images; The Corcoran Group; Yutong Yuan/Business Insider

Malcolm Forbes' old townhouse in Greenwich Village just sold for $19.9 million, an $8 million cut from its original asking price.
The Forbes family sold the townhouse in 2012 for $7.25 million to developers who renovated the property.
J. Carey Smith, founder of "Big Ass Fans," bought the townhouse in June 2019.
Greenwich Village is one of the most expensive neighborhoods in New York City.
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The former townhouse of the late Forbes magazine publisher Malcolm Forbes has been sold for $19.9 million.

According to The Wall Street Journal, the six-level townhouse, which Forbes bought in the early 1960s, was used to host parties for CEOs and celebrities.

The Forbes family sold the townhouse in 2012 to developers Todd Cohen and Terrence Lowenberg of Icon Realty Management for $7.25 million. After massive renovations, it hit the market in 2018 for $28.5 million.

In June 2019, the 9,000-square-foot, five-bedroom home on 11 West 12th Street was finally sold for over $8 million less than the original asking price.

It was purchased by J. Carey Smith, founder of "Big Ass Fans."

Greenwich Village was ranked No. 8 on Property Shark's 2018 list of the 50 most expensive neighborhoods in New York City. The median sale price for a home in the neighborhood is $1.35 million.

Keep reading for a look inside the townhouse.

See 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.

Source: The New York Times

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 great room boasts 22.5-foot-high ceilings and a gas fireplace.

Source: Curbed

A library overlooks the great room ...

Source: Curbed

... and the home has a spacious living area.

Source: Curbed

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

There are six full bathrooms in the townhouse.

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 home also comes with two roof terraces.

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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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.

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.

After being sold to developers back in 2012, designer Paris Forino was brought in to style the 9,000-square-foot townhouse.

In June 2019, it was sold for $19.9 million to J. Carey Smith, founder of "Big Ass Fans."

The great room boasts 22.5-foot-high ceilings and a gas fireplace.

A library overlooks the great room ...

... and the home has a spacious living area.

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.

There are six full bathrooms in the townhouse.

The home has five bedrooms, but according to Curbed, two additional rooms in the house could also be used as bedrooms.

The home also comes with two roof terraces.

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.