The Real Deal New York

Madoff sale: sign of improvement?

Pending closing on Ponzi schemer's penthouse could be market barometer

February 02, 2010 10:33AM
By Candace Taylor

From the February issue: Nothing says progress like Madoff. Late last month, The Real Deal broke the story that the Ponzi schemer’s Upper East Side penthouse finally appears close to a sale.
Listing brokers Anne Corey and Serena Boardman of Sotheby’s
International Realty have told interested agents that there is an
accepted offer on the 133 East 64th Street duplex. At press time, the
U.S. Marshals Service, which seized the property from the disgraced
financier, said the listing had not yet entered contract.
The sale (if it does clear the many obstacles of today’s market) may not be unqualified good news.
The penthouse’s asking price is $8.9 million, following a November
price chop of $1 million. It’s also been sitting on the market since
September.  [more]

Comments are closed.