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.

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