Timothy Forbes lists Greenwich Village townhouse for $12.5M

Publishing family’s West 12th Street property sold in April
By Katherine Clarke | June 25, 2012 09:00AM

A Greenwich Village townhouse owned by Timothy Forbes, the president and chief operating officer of Forbes publishing and the son of late publishing magnate Malcolm S. Forbes, has hit the market for $12.5 million, according to Streeteasy.com.

Forbes listed the property, at 60 West 11th Street, on Saturday with Sara Gelbard, Paul Kolbusz and Christopher Infante of the Corcoran Group. The four-story single-family home has five bedrooms, 3.5 bathrooms, a south-facing landscaped garden and six wood-burning fireplaces, the listing says. It was originally built as one of a pair in 1842 and has since been restored.

Forbes has owned the 3,700-square-foot townhouse since 1987, according to public records.

Neither Forbes nor the Corcoran team was immediately available for comment.

Forbes joined his father’s company in 1986, according to the magazine’s website. He was formerly an independent producer and screenwriter. At Forbes, he is involved in the strategic planning and business development of the company and currently serves as chairman of Forbes.com.

If his townhouse finds a buyer before year’s end, the home will not the only Forbes-related property to have traded hands in 2012.

A nearby townhouse formerly owned by Malcolm S. Forbes at 11 West 12th Street, which had been on the market since February 2011, found a buyer in April, The Real Deal previously reported. Icon Realty Management picked up the 6,800-square-foot townhouse for $7.25 million — far less than the $13.5 million asking price.