Daily Archives: June 29, 2009

Madonna’s $40M Townhouse Now Just a $32.5M Townhouse

Curbed-

One Of Only 26 rooms

One Of Only 26 rooms

It’s official: Madonna is an Upper East Sider, having just closed on the 57-foot-wide Georgian-style townhouse at 152 East 81st Street. Yes, yes—eww, east of Lexington Avenue, the horror, blah blah blah. The lingering mystery was how much the Material Girl shelled out, with initial reports putting her bid at $40 million (the asking price was $42 million, down from $45M). Not so, the Times’ Josh Barbanel reports.

Madge paid only $32.5 million, or $1.25 million per each of its 26 rooms. Of course, there’s also a pair of garages to preserve a bit of privacy and a 3,000-square-foot garden for the brood to stretch their legs. It’s the biggest townhouse deal of the year, but will the discount silence brokers who criticized Madonna’s big-money move to the wrong side of Lex?

Let the Bernie Madoff Penthouse Sweepstakes Begin!

Aerial View Of The Madoff Penthouse

Aerial View Of The Madoff Penthouse

The Upper East Side may have gained a famous new resident in Madonna, but it’s also losing one of its most infamous—Ponzi schemer Bernie Madoff, who just got handed a century-and-a-half of prison time. Despite previous reports that the Madoffs’ penthouse at 133 East 64th Street is on the market, for a while it looked like Ruth Madoff would be hanging around. That’s no longer the case, as news broke over the weekend that the apartment would be among the homes given up by the couple, with sale proceeds going to pay back the fraudster’s victims. (Today the Post reported on Ruth Madoff’s rental troubles.) We can’t recall any other recent U.S. Marshals-led sales of tony pre-war Upper East Side real estate, so this might be uncharted territory. The penthouse has often been said to be worth between $7 million and $8 million, but will it sell for that much? One resident of the building sure hopes not.