songline
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Buyer for Bernie Madoff's Montauk mansion from the U.S. Marshals for more than $8.75M asking price
The seaside house where Bernie Madoff relaxed when he wasn't swindling investors has found a buyer - for more than the listed price of $8.75 million.
The 3,000-square-foot, five-bedroom Montauk home sits on a 1.2-acre lot amid the dunes of a windswept beach. It's modest by Hamptons standards but boasts stunning views of the Atlantic and is closer to the surf than zoning laws now allow.
Madoff's notoriety helped spark interest in the place, "but it's really all about the location, the views and the home," said Anne Lacombe of the Corcoran Group, which brokered the sale.
The U.S. Marshals Service put the house on the market Sept. 1 to help repay victims of Madoff's Ponzi scheme. The name of the buyer and the exact price are being kept secret until the deal closes.
The jailed scam artist's waterfront mansion in Palm Beach, Fla., remains on the market for $8.5 million and his Manhattan penthouse is listed for $9.9 million.
OK ... So they will make 27-28 million in Real Estate sales, But they need Billions,
They will not even come close to 5 billion let alone 65B.
And the lawyers are taking so much it is insane to think that the people who lost the most will get a drop in the bucket; There is greed to the end of this road.
http://www.nydailynews.com/real_estate/2009/09/18/2009-09-18_buyer_for_bernies_montauk_mansion.html
The seaside house where Bernie Madoff relaxed when he wasn't swindling investors has found a buyer - for more than the listed price of $8.75 million.
The 3,000-square-foot, five-bedroom Montauk home sits on a 1.2-acre lot amid the dunes of a windswept beach. It's modest by Hamptons standards but boasts stunning views of the Atlantic and is closer to the surf than zoning laws now allow.
Madoff's notoriety helped spark interest in the place, "but it's really all about the location, the views and the home," said Anne Lacombe of the Corcoran Group, which brokered the sale.
The U.S. Marshals Service put the house on the market Sept. 1 to help repay victims of Madoff's Ponzi scheme. The name of the buyer and the exact price are being kept secret until the deal closes.
The jailed scam artist's waterfront mansion in Palm Beach, Fla., remains on the market for $8.5 million and his Manhattan penthouse is listed for $9.9 million.
OK ... So they will make 27-28 million in Real Estate sales, But they need Billions,
They will not even come close to 5 billion let alone 65B.
And the lawyers are taking so much it is insane to think that the people who lost the most will get a drop in the bucket; There is greed to the end of this road.
http://www.nydailynews.com/real_estate/2009/09/18/2009-09-18_buyer_for_bernies_montauk_mansion.html