‘Big Ass Fans' entrepreneur has found a buyer for his lovely NYC townhouse — which Malcolm Forbes once owned
A landmarked West Village townhouse once owned by the late magazine publisher Malcolm Forbes — known in part for his extravagant homes, Republican politics and Fabergé egg collection — has found a buyer.
The 25-foot-wide, six-story dwelling at 11 W. 12th St. was last asking $27 million before entering contract. The sale has not closed and it's not yet certain how much it's selling for.
The seller is Texas-based entrepreneur J. Carey Smith, who paid $19.9 million for the stately home in 2019.
11 The late publisher Malcolm Forbes.
Getty Images
11 J. Carey Smith is the current seller of the property.
11 The home's charming red brick exterior.
Douglas Elliman
11 The residence benefits from massive exposures.
Douglas Elliman
11 A view inside the roomy kitchen.
Douglas Elliman
11 There's room for the new owner to have a home office.
Douglas Elliman
11 A cheerfully designed bedroom inside the townhouse.
Douglas Elliman
It was the highest-priced property to enter into contract last week, according to Olshan Realty's luxury market report. The news was first picked up by the Real Deal.
Smith sold his company, Big Ass Fans, for $500 million in 2017. He has since founded Unorthodox Ventures, an investment company based in Austin.
The townhouse, located along the prime Gold Coast, dates to 1847.
11 A lovely bath retreat.
Douglas Elliman
11 The handsome formal dining room.
Douglas Elliman
11 The new owner will also get the most supreme New York perk: private outdoor space.
Douglas Elliman
11 There's plenty of room for outdoor dining now that summer has arrived.
Douglas Elliman
The previous owners were Icon developers Todd Cohen and Terrence Lowenberg, who had paid $7.25 million for it in 2012 and then did a gut-renovation.
The 9,652-square-foot home comes with five bedrooms, six baths and a two-car garage.
Details include an elevator, an 800-bottle wine room, a movie theater, a gym and a great room with ceilings over 22 feet high. There are also 2,423 square feet of outdoor space, from a private garden to two terraces and a rooftop hangout.
The listing brokers are Douglas Elliman's Mark Fromm and Claudia Saez-Fromm.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 minutes ago
- Yahoo
What Texas Instruments Capital Strength Means for Its Dividend
Texas Instruments Incorporated (NASDAQ:TXN) is one of the Best Stocks to Buy for Dividends. A robotic arm in the process of assembling a complex circuit board - showing the industrial scale the company operates at. The company follows a strong business model centered on analog and embedded processing products, supported by its long-lasting competitive strengths. Another key part of its strategy to drive long-term growth in free cash flow per share is its disciplined approach to capital allocation. This includes careful selection of research and development projects, building new capabilities, investing in manufacturing capacity, evaluating potential acquisitions, and returning capital to shareholders. Texas Instruments Incorporated (NASDAQ:TXN)'s strategy also focuses on efficiency, which it defines as consistently aiming to generate greater results for every dollar spent. This approach emphasizes directing investments toward the most impactful areas to support the long-term growth of free cash flow per share, rather than simply cutting costs to the bare minimum. For shareholders, this commitment to efficiency is expected to support revenue growth, stronger gross margins, careful management of R&D and SG&A expenses, healthy free cash flow margins, and ultimately, an increase in free cash flow per share. Texas Instruments Incorporated (NASDAQ:TXN) currently offers a quarterly dividend of $1.36 per share. Overall, the company has raised its payouts for 21 consecutive years. In the past five years, it has raised its payouts at an annual average rate of over 9%, which is considered a solid pace in the tech sector. As of June 25, TXN has a dividend yield of 2.65%. While we acknowledge the potential of TXN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None. Sign in to access your portfolio
Boston Globe
an hour ago
- Boston Globe
Free things to do: ‘Love Island' watch party, puppet performance, and more
Free events Pat Loomis will perform alongside his band at the South End Library Park for an afternoon of community mingling and summer fun. South End Branch of the Boston Public Library JAZZ & JUBILATION Although the BPL's South End branch is temporarily closed, it doesn't mean the library is totally out of reach for community members. Next week, one of the South End branch's summer concerts will take place at the South End Library Park, where Pat Loomis, a Boston-based saxophonist and singer, will perform a jazz set. Attendees are encouraged to bring a picnic blanket and snacks for this night of low notes and high spirits. July 1, 6:30 p.m. 685 Tremont St. A RUFF DAY The midweek slump is felt by all — even our furry friends. Every Wednesday at Liberty Hotel's outdoor patio, local dog owners are invited to gather for Yappier Hour, a chance to unwind with your pup while meeting other canines and their human companions. For-purchase add-ons including dog treats and drinks (for people) are available, but not required to participate. Wednesdays, 5:30-7 p.m. Liberty Hotel, 215 Charles St. Advertisement MAIN CHARACTER ENERGY If you're keeping up with 'Love Island,' you may want to couple up with this free event at Tiki Rock. The tropical, Polynesian-themed bar will be hosting a group screening of next Thursday's episode, set to hit streaming sites at 9 p.m. Attendees are encouraged to dress the part and channel their inner-bombshell entering the villa. July 3, 9 p.m. 21+. 2 Broad St. Advertisement COME TO THE CABARET Back Bay's Club Café hosts monthly free cabaret nights, and this Friday, singer KT Sullivan will hit Joséphine's stage with a performance of 'Far Away Places.' Sullivan will perform songs inspired by destinations, including 'April in Paris,' 'I Happen to Like New York,' and more. Following the performance, audience members are welcome to stay for a screening of the latest 'RuPaul's Drag Race: All Stars' episode at the bar. July 4, 6 p.m. 209 Columbus Ave. The Puppet Showplace Theater will be performing outdoor puppet plays at the UnCommon Stage. Rahul Koonathara PULL THE STRINGS Emerson College's UnCommon Stage will be host to 'Party Animals,' a show performed by Brookline's Puppet Showplace Theater. The puppet-led production follows five animal friends, all with different personalities and anxieties, as they navigate throwing their first party. Families with children ages 4 to 9 are encouraged to attend, but all ages are welcome to enjoy the show. July 5, noon. Emerson UnCommon Stage, Boylston and Tremont streets. MEDITATE ON IT If you've been in need of some peace and clarity, you may have already tried meditation. However, with wandering minds, endless newsfeeds, and short attention spans, the act can feel impossible. Gain perspective on the practice with Shambhala Meditation Center's free meditation workshops, where teachers will lead a guided meditation and discussion about how to maintain the practice as part of everyday life. July 6, 12:30-1:30 p.m. 646 Brookline Ave., Brookline. Advertisement Send info on free events and special offers at least 10 days in advance to . Marianna Orozco can be reached at
New York Post
2 hours ago
- New York Post
Mega Millions ticketholder wins record-breaking $348M jackpot in Virginia
Virginia is for winners. A Mega Millions player in Virginia clinched the historic $348 million jackpot Friday night, ending a 20-draw drought and the lottery's first major win since the game was revamped in April. The life-changing ticket was the largest Mega Millions win in Virginia's history and was sold at the E & C VA convenience store in Burgess, 85 miles northeast of Richmond, the lottery announced. 3 A person buys a Mega Millions lottery ticket at a store in Arlington, Virginia on July 29, 2022. AFP via Getty Images The winning numbers were 18, 21, 29, 42 and 50 and the gold Mega Ball 2. The odds of winning the jackpot were an astonishing 1 in 290,472,336. The unidentified winner can choose between the $348 million pot, before taxes, paid out in annual installments over 30 years, or choose the one-time cash option estimated at $155.5 million. The lottery allows winners to have 180 days to claim their prize. Retired truck driver JR Triplett previously held the state's Mega Millions record when he won $239 million in 2004. Triplett opted for one lump sum, which was worth $140 million before taxes, according to WIS News 10. Virginia has produced 10 Mega Millions winners since the game was founded in 2002. Kevin Young, of Bristow, Va., was the last Old Dominion resident to match all six numbers, back in July 2016, when he shared a $15 million jackpot with Christina Ford of Dallas, Ga. 3 The E & C VA convenience store and gas station in Burgess, VA. Google Maps Friday night's drawing is the fourth time the game's jackpot was won in 2025, and the second since the format changed on April 8. The new game, which was marketed as 'bigger and better,' created larger prizes for all non-jackpot tier winners, better odds to win the jackpot and a larger starting jackpot of $50 million instead of the original $20 million. Ticket prices were increased from $2 to $5 following the change. Mega Millions implemented the new system on April 8, and a jackpot worth $112 million was won by the Ironwood Family Trust in South Euclid, Oregon on April 18. 3 The new game, which was marketed as 'bigger and better,' created larger prizes for all non-jackpot tier winners, better odds to win the jackpot and a larger starting jackpot of $50 million instead of the original $20 million. AP Two more jackpots were won from the old format in 2025. A $112 million ticket was sold to an anonymous player in Tempe, Arizona, on Jan. 17. Another anonymous player in Cortland, Illinois, won the $349 million prize on March 25. In December 2024, Rosemary Casarotti purchased a Mega Millions ticket at the Sunshine Food and Gas station in Cottonwood, Calif., worth $1.269 billion. It was the largest jackpot won in 2024, and the fifth largest in game history.
