Madoff Not A Selling Point for NYC Penthouse
Disgraced financier Bernard Madoff’s lavish penthouse is being sold by Sotheby’s International Realty in New York. The Upper East side co-op has been valued at $7.5 million by the government.
Good Morning America took viewers on a tour of the property this week, pointing out that the luxury residence features his and her dens – I’m not kidding – and closets that are bigger than some Manhattan apartments.
Madoff’s “den” included a leather bull, which apparently was his logo or trademark or something like that, as a decoration.
Anyway, it’s a beautiful place in a great location. But really, how many people are eager to live in a place that a much-despised felon who ripped off thousands of innocent investors used to call home?
Doesn’t the place have a certain stigma attached to it?
The fact that the Madoff property is up for grabs and that Sotheby’s was tapped to sell it has gotten plenty of exposure in the media.
But I don’t think Sotheby’s is going to be using Madoff’s name anywhere in its glossy marketing literature.