Cabbage Patch tycoon gets $20.5M at TWC

New York /
Jun.June 09, 2011 08:51 AM
Top row, from left: Al Kahn, the Time Warner Center living room and Bernie Madoff, whose former penthouse Kahn purchased last year. Bottom row, from left: the unit’s kitchen, the building exterior and another interior shot of the unit

Cabbage Patch Kids and Pokémon creator Al Kahn and his wife, Patsy, who purchased Bernie Madoff’s 133 East 64th Street penthouse last year for $8 million, have closed on the sale of their Time Warner Center condominium for around $20.5 million, according to the Post. The 62nd-floor unit had been on the market since January 2010, when it was listed for $33.6 million, and had since undergone a series of price cuts, most recently to $24.95 million. The 4,375-square-foot spread, which was listed by Brown Harris Stevens dynamic duo Elizabeth Sample and Brenda Powers, went into contract in February, as The Real Deal reported at the time. It’s unclear where Al will be moving next; the tabloid reports that the couple’s marriage is on the rocks and that only Patsy has moved into the Upper East Side former Ponzi pad. She’s redecorating. [Post]


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