clock menu more-arrow no yes

Filed under:

Former Forbes townhouse in Greenwich Village returns for $28.5M after reno

New, 37 comments

The Forbes family sold the home to a pair of developers in 2012, and they’ve now brought it to the market after a spiffy reno

Via Compass

Greenwich Village’s former Forbes family townhouse has returned to the market six years after the family sold it to a pair of developers for $7.25 million. The Wall Street Journal first reported on the listing, which has returned to the market after a gut renovation for $28.5 million.

The former chairman and editor-in-chief of Forbes Magazine, Malcolm Forbes purchased the townhouse in the 1960s, at which point it was connected to the former Forbes headquarters at 60 Fifth Avenue, according to the Journal. Malcolm Forbes largely used the townhouse for conducting business meetings, and hosting lavish parties where the likes of Elizabeth Taylor, David Niven, and Margaret Thatcher attended.

Developers Todd Cohen and Terrence Lowenberg, as part of their firm Icon Realty Management, picked up the townhouse from the Forbes family in 2012, and have spent the last several years spiffing it up.

They hired architect Paris Forino to design the interiors of the Greek Revival townhouse, which was built in 1847. The townhouse now spans six levels, and offers up nearly 10,000 square feet of interior space and over 2,400 square feet of outdoor space, which includes a 33-foot-deep garden, and two roof terraces. In all, the townhouse has five bedrooms (which can be increased to seven), six full bathrooms, an elevator that connects all six levels of the townhouse, and a two-car garage on the ground floor.

Some of the standout features of the home include the double height great room with 22.5-foot ceilings and a gas fireplace with stone mantels; the home theater, sauna, and gym in the basement; the wood-paneled library that overlooks the great room and is connected to a 800-bottle wine cellar; and the full-floor master suite on the third floor. Do you think this stunning townhouse will sell for its full ask?