Bernie Madoff Penthouse at 133 East 64th Street Sold for $14.5m

Bernie Madoff’s infamous NYC Penthouse apartment located at 133 east 64th st was finally sold for $14.5m. As we reported, this notorious NYC Penthouse where Bernie spent a year under house arrest was listed for $17.25m by the creators of the Cabbage Patch kids back in August 2013 by broker to the stars Dolly Lenz. This was just 3 years after it was bought by them for $8.9m in a US Marshall’s seizure sale.

Let’s do the math on this

Purchase Price: $8.9m
Sale Price: $14.5m
Renovations: and Commissions $1m?
Profit: ~$4.6m or  a 51.6% ROI in 4 years…not bad.

 

From the looks of it, the apartment was renovated and very tastefully redecorated between the last sale in 2010.

 

 

 

 

Comments

comments

Category : NEWS

Send to Friend

 

Email Agent