The Real Deal New York

Posts Tagged ‘at 133 east 64th street’

  • Doing Madoff’s math

    May 13, 2009 01:22PM

    From the May issue: Last month a pair of tickets owned by Bernard Madoff Investment Securities for the Mets home opener at Citi Field sold for $7,500. The tickets, which attracted 68 bids, each had a face value of just $525. It remains to be seen, however, whether the Upper East Side co-op that Madoff lived in before he went to jail for the largest Ponzi scam in history will also command such heavy buyer interest — and such a significant price premium. Madoff’s co-op was pegged at $7 million in the bond that was put up for his house arrest in December. But now — in an ironic twist for the man whose financial scam may have accelerated the plunge of the real estate market — his apartment at 133 East 64th Street, like all properties in the city, could be worth much less than the $7 million value that’s been bandied about. [more]

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