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Village's Forbes Townhouse Sells at 47.5 Percent Discount

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Red rooms and the PriceChopper: two tastes that go great together. First the William F. Buckley maisonette on Park Avenue sold after chopping its price from $24.5 million to $10 million. Now 11 West 12th Street, the Malcolm S. Forbes House that also contains a red room, has sold, too?for a mere $7.5 million, down from an initial ask of $15.25 million and a PriceChopped ask of $13.5 million. That's a 47.5 percent discount, The Real Deal notes, which means the house doesn't even have the PriceChopper Hall of Fame to fall back on. The buyer is Icon Realty Management, a real estate investment firm.
· Icon buys Forbes townhouse at 47.5 percent discount [Real Deal]
· 11 West 12th Street coverage [Curbed]