Madoff Penthouse Sold in 2010 for $8.9m being flipped for $17.25m

As we reported a couple of years ago, the creator of Cabbage Patch Kids bought Bernie Madoff’s New York Penthouse put up for sale by the Feds for $8.9m. They are now flipping it after some modest renovations for an asking price of $17.25m. If you wanted any more proof that NYC Penthouses (other than Hedge Fund guru Bill Ackman buying at A One 57 New York Penthouse as  an INVESTMENT) have been perhaps the best performing asset class, here it is.

 

Here’s the listing for this NYC Penthouse on 133 East 64th Street (taken from Street Easy as Dolly Lenz’s website is not loading any listing)

 

Bernie Madoff's New York Penthouse being re-sold

Bernie Madoff’s New York Penthouse being re-sold (c) Dolly Lenz Real estate LLC

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