Time Warner Center and James NicholsonThe U.S. Marshal’s office has unloaded the Time Warner Center condo that belonged to James Nicholson, the ex-hedge fund boss who currently resides at the Metropolitan Correctional Center in Lower Manhattan while awaiting sentencing for swindling investors out [more]
Time Warner Center and James NicholsonThe U.S. Marshal’s office has unloaded the Time Warner Center condo that belonged to James Nicholson, the ex-hedge fund boss who currently resides at the Metropolitan Correctional Center in Lower Manhattan while awaiting sentencing for swindling investors out [more]
Bernie Madoff’s Upper East Side penthouse, last listed for $8.9 million, has gone into contract for an undisclosed price, according to the Wall Street Journal. The buyer is also as-yet unknown. As The Real Deal first reported last month, brokers seeking to show the 133 East 64th Street home had been told there was an accepted offer on the seized duplex co-op, which was being sold by the United States Marshals Service. Sotheby’s International Realty brokers Anne Corey and Serena Boardman had the listing, which came on the market in September for $9.9 million and saw a $1 million price chop in November. [more]
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]
The year 2009 was a trying time to be a real estate broker, developer or investor, but it never lacked for news. In the aftermath of the financial crisis, the industry watched in awe — and sometimes horror — as residential sales ground to a virtual halt, condo projects stopped in their tracks, office rents shrank and retail stores disappeared. Buyers at buildings like 22 Renwick sued to get out of their contracts, and some were granted the opportunity to back out of their contracts. Meanwhile, an amazing cast of characters — from Kent Swig to Harry Macklowe to Lev Leviev — publicly fought for survival. There were also glimmers of hope, from the opening of the High Line in June to the expansion of Halstead Property into Connecticut to the sale of Former Lehman Brothers CEO Dick Fuld’s sale 16-room co-op apartment at 640 Park Avenue for $25.87 million, almost $5 million more than he bought it for two years ago. Click here to see The Real Deal staff’s picks for the stories that most altered the New York City real estate landscape in 2009. [more]
