Madoff's Manhattan Penthouse Finally Sold


By William Stolerman

After some hesitation, Bernard Madoff's Manhattan penthouse has gone into contract. It was originally listed in September for $9.9 million, and was later slashed to $8.9 million. The final tag however remains unknown.

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The anonymous buyer became the owner of a 4,000 square foot duplex cooperative apartment on the 11th and 12th floors of 133 E. 64th Street. The three bedrooms are based on the lower floor while the living room, kitchen and a wraparound terrace are located above.

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The apartment is one of three of Madoff's properties that the government seized and is trying to sell in an effort to reimburse victims of his $65 billion Ponzi scheme.

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Another was the Madoff beach home in Montauk, N.Y. which was sold in the fall to real-estate mogul Steven Roth for $9.41 million. In contrast, the Madoff's near 8,800-square-foot house in Palm Beach, Florida, remains on the market with an asking price of $7.25 million, down from $8.5 million in September.

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It's a tough time for the Madoff family. We recently reported several members have to declare every single dime they spend.

Via [wsj]

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