Over the weekend the listing finally surfaced for 133 East 64th Street #PHA, formerly the Upper East Side digs of one Bernard Madoff and now the temporary possession of our dear old Uncle Sam. We'll give it up to the Sotheby's gang: The photos certainly do improve on our previous looks inside Madoff Manor. But $9.9 million? Estimates put the duplex more in the $7-$7.5 million range, and buyers know that the government wants to get rid of this puppy quick. (The co-op board, however, will still be a force to be reckoned with.) How did Sotheby's brokers Serena Boardman and Anne Corey address the penthouse's sordid past? They're taking the Fifth.
The complete, Bernie-free brokerbabble:
Perched atop a distinguished white-glove prewar cooperative, this 9 into 7 room duplex penthouse affords spectacular views of the Manhattan skyline. The beautiful residence boasts an impressive Gallery with an elliptical staircase, a grand Living Room with triple exposures and an elegantly proportioned Dining Room. These sun-flooded rooms feature French doors that open onto a tremendous wrap-around planted and irrigated terrace. Adjacent, the large and well-appointed chef's Kitchen incorporates a Breakfast Room and Staff Room with bath. Downstairs the private quarters include a very gracious corner Master Suite with a huge walk-in closet and an over-sized marble bathroom. Beyond there is a cozy Library featuring custom built-ins and an en-suite bathroom plus another Bedroom with an en-suite bathroom and ample closet space. Offered in superb condition, the impeccably renovated apartment incorporates herringbone hardwood floors, hand-carved moldings and four wood-burning fireplaces.Let's assume the penthouse's reputation precedes it. So what will it go for in the end? UrbanDigs thinks $6-6.5 million, which can't make Madoff's victims very happy. Talk about a lousy return on their investment!
· Listing: 133 East 64th Street [Sotheby's]
· 133 East 64th Street coverage [Curbed]