The Real Deal New York

Posts Tagged ‘dennis kozlowski’


  • Mark Madoff and the Nantucket house at 51 Wanoma Way

    The beach house in Montauk found a buyer quickly, and for more than its list price. Now, as the investigation into the fraud run by Bernard Madoff expands to include his family members, some are wondering what will become of son Mark Madoff’s getaway on Nantucket, a well-heeled resort island off the Massachusetts coast. The five-bedroom waterfront home is not yet on the market, Nantucket brokers say, though a sale is entirely possible, owing to the increasing amount of trouble Mark seems to be in. “I wouldn’t be surprised if it were listed,” said Gary Winn, a principal with Maury People Sotheby’s International Realty, who has no connection to the Madoffs or the property. But the house, which Mark bought for $6.5 million in 2008, just months before Bernie’s $65 billion Ponzi scheme was exposed, was being used until recently. [more]