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In 2018, Smith bought cyclist Lance Armstrong’s former home in Austin for $6.88 million.
The purchases were perhaps funded because Smith sold his fan-, light- and control-producing companies, called Big Ass Fans, for $500 million in 2017.
The sellers of the Manhattan townhouse, developers Todd Cohen and Terrence Lowenberg, bought it for $7.25 million in 2012 and then renovated it.
The 9,652-square-foot home, which comes with a garden and a two-car garage, first went on the market for $28.5 million last year.
It underwent two price cuts to its most recent asking price of $21.9 million. The home additionally features an 800-bottle wine room, a movie theater, a gym and a great room with ceilings over 22 feet high.
The listing brokers were Kyle Blackmon and Leonard Steinberg, of Compass, while Smith was repped by Corcoran’s Mark David Fromm.



