Forbes Village townhouse finds buyer after almost one year on market

TRD New York /
Jan.January 16, 2012 01:30 PM

The Malcolm S. Forbes townhouse in Greenwich Village, which has been on the market since last February, has finally found a buyer, according to and a New York City residential tracking report by Olshan Realty, released today.

The 6,800-square-foot townhouse, between Fifth and Sixth avenues, went into contract this past Saturday, data shows. Its most recent asking price was $13.5 million.

The 25-foot wide brick home at 11 West 12th Street, which was purchased in the 1960s by Forbes Magazine founder Malcolm Forbes, was formerly owned by Macmillan Publishing Company. It has played host to hundreds of gatherings, attended by figures such as Margaret Thatcher, Ronald and Nancy Reagan, David Niven, Richard Nixon, Elizabeth Taylor, and Paul Volcker, according to the listing by Brown Harris Stevens’ Paula Del Nunzio.

The property sits on a 103-foot-lot and can potentially be rebuilt to approximately 8,000 square feet, not including the numerous potential outdoor spaces, the listing says.

Del Nunzio, who originally listed the property in February for $15.25 million, later dropped the asking price in July by $1.75 million after the property failed to attract enough interest. Del Nunzio was not immediately available for comment.

The identity of the buyer was not immediately clear. — Katherine Clarke

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