A big-ass deal led Manhattan’s luxury signed contracts last week.
J. Carey Smith, a Texas-based entrepreneur known for launching “Big Ass Fans” and “Big Ass Lights,” found a buyer off-market for his townhouse at 11 West 12 Street, according to Olshan Realty’s weekly report. The home, which entered contract asking $27 million, was the priciest property to snag a signed contract in Manhattan between June 16 and June 22.
Smith, who sold his company Big Ass Solutions for $500 million in 2017, purchased the five-story, 25-foot-wide townhouse from Icon Realty Management for just under $20 million in 2019. The team at Icon bought the property from Malcolm Forbes, the publisher of Forbes Magazine, for $7.5 million seven years prior and gut renovated it.
The 9,700-square-foot home has five bedrooms, six bathrooms and a two-car garage. It also features an elevator, gym, movie theater and 2,400 square feet of outdoor space spread across two terraces and a garden.
Smith’s townhouse was one of 26 homes in Manhattan asking $4 million or more to enter contract last week, down from 37 in the previous period. Of the properties, 11 were condos, five were co-ops, two were condops and eight were townhouses.
The second most expensive home to find a buyer was a condo at Extell Development’s Central Park Tower, with an asking price of $16.5 million. The apartment initially asked close to $19 million when the developer started marketing units off floor plans in 2016.
Unit 90W spans 3,000 square feet and has three bedrooms and three bathrooms. It also features floor-to-ceiling windows with views of Central Park.
Extell Marketing Group and Corcoran Sunshine are heading sales at the building, marketed as the tallest residential building in the world. Amenities in the Billionaires’ Row supertall, located at 217 West 57th Street, include indoor and outdoor pools, a fitness center and cigar lounge.
The homes’ combined asking price was $207 million, for an average price of $8 million and a median of $6.2 million. The typical home spent more than 380 days on the market and was discounted 3 percent from the original listing price.
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