Bernard Madoff

Bernard Madoff’s West Palm Beach mansion at 410 N. Lake Way closed today for $5.65 million, Joseph Guccione, U.S. Marshal for the South District of New York, announced. Originally listed Sept. 1, 2009 for $8.49 million, brokers Burt Minkoff and Jim McCann of the Corcoran Group were most recently asking $6.5 million. The Wall Street Journal previously reported that Sotheby’s International Realty represented the buyer, whose identity remains unknown. “This sale marks the final disposition of all the properties related to the Bernard L. Madoff case,” said Roland Ubaldo, the Supervisory Deputy U.S. Marshal. “We will continue to dispose of the remaining assets with the goal of receiving maximum gain for the victims of this crime.” TRD

[more]

From the South Florida website: After one year and $2 million worth of price cuts, Bernard Madoff’s Palm Beach mansion has gone into contract, according to the Wall Street Journal. Unlike Madoff’s other properties — a waterfront home in Montauk, N.Y. and a penthouse on New York City’s Upper East Side — the five-bedroom, 8,800-square-foot house at 410 North Lake Way had been languishing on the market, with brokers calling it overpriced and a probable teardown. Originally listed for $8.49 million last September, brokers Burt Minkoff and Jim McCann of the Corcoran Group were most recently asking $6.5 million for the home on behalf of the U.S. Marshals Service, which will use the proceeds of the sale to return money to victims of Madoff’s $50 billion Ponzi scheme.

[more]

Bernard Madoff and his former penthouse apartment at 133 East 64th Street

Bernie Madoff’s Upper East Side penthouse may be close to finding a buyer. Brokers asking to show Madoff’s former
home at 133 East 64th Street have been told that there is an accepted
offer on the property, sources said. The seized co-op,
which is being sold by the United States Marshals Service, is
currently listed by Sotheby’s International Realty brokers Anne Corey
and Serena Boardman for $8.9 million after a $1 million price chop in November. The property was listed as having an accepted offer in at least one
brokerage’s internal listing system Thursday afternoon. But Roland Ubaldo, a spokesperson for the US Marshals Service, said
the brokers are negotiating with potential buyers and that the
property is still being shown. Corey and Boardman were not immediately available for comment. Madoff’s former Montauk home recently sold for $9.4 million.
[more]