The location of the town house once owned by the late entrepreneur, Malcolm Forbes, in Greenwich Village, New York. Image: Google Maps
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https://scmp.com/magazines/style/tech-design/article/3016332/what-its-inside-old-new-york-home-malcolm-forbes-late Tech & Design
What it’s like inside the old New York home of Malcolm Forbes, the late Forbes magazine publisher
Greenwich Village town house used by Forbes magazine publisher to entertain CEOs and celebrities sells for US$8 million less than the original asking price
The great room in the 9,000-square-foot, five-bedroom New York town house, once owned by the late entrepreneur Malcolm Forbes, which was bought for US$19.9 million this month. Photos: Evan Josephs/Compass/The Corcoran Group
The former New York town house of the late American entrepreneur Malcolm Forbes, best known as the publisher of Forbes business magazine, has been sold for US$19.9 million.
According to The Wall Street Journal, the six-level town house, in Manhattan’s Greenwich Village district, which Forbes bought in the early 1960s, was used to host parties for CEOs and celebrities.
Forbes died in 1990, aged 70, and his family sold the town house in 2012 to developers Todd Cohen and Terrence Lowenberg of Icon Realty Management for US$7.25 million.
After extensive renovations, it went on the market in 2018 for US$28.5 million.
Earlier this month, the 9,000-square-foot (836-square-metre), five-bedroom home on 11 West 12th Street was finally sold for more than US$8 million less than the original asking price.
It was bought by J. Carey Smith, founder of Big Ass Fans, the manufacturer of fans, lights and controls for industrial, agricultural, commercial and residential use.
Greenwich Village was ranked at No 8 on Property Shark’s 2018 list of the 50 most expensive neighbourhoods in New York.
The average sale price for a home in the neighbourhood is US$1.35 million.
The New York Times estimated that Forbes’ net worth was somewhere between US$400 million and US$1 billion when he died.
Check out the inside of the town house.
The six-level red-brick town house was originally built in 1847.
The ground-floor entrance to the 11 West 12th Street town house in New York.
After being sold to developers in 2012, designer Paris Forino was brought in to restyle the town house.
The interior of the New York town house, which was restyled by designer Paris Forino.
The great room boasts a 22.5-foot (6.8-metre)-high ceiling and a large gas fireplace.
A library overlooks the great room …
… and the home has a spacious living area.
The property offers about 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 town house.
The home has five bedrooms, but two additional rooms in the house could also be used as bedrooms, the property blog website, Curbed, reported.
The home also comes with two roof terraces.
This article originally appeared on Business Insider.