After selling their fan company for $500 million, Carey and Nancy Smith went real-estate shopping in New York City. Finding homes that fit the bill was anything but a breeze.
Carey and Nancy Smith toured 41 New York City homes before finally agreeing this spring to pay almost $20 million for a Greenwich Village townhouse once owned by Malcolm Forbes. Their real-estate agent kept count.
Their search took them to houses and glitzy condos on the Upper East Side, Upper West Side, Tribeca, Midtown and beyond—and into the homes of big name sellers like Jennifer Lopez and the late Deputy Secretary of State John Whitehead. Frequently, they were underwhelmed by what was available.
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