The property at 433 E. 74th St., on Manhattan’s Upper East Side, has been described as “spectacular, sprawling and sun-drenched.”
Even by Manhattan’s sky high real estate prices, the five-bedroom apartment, a rarity in New York City, is priced at a premium. Average prices are running around $1,400 a square foot. The Madoff apartment comes in at $1,828, according to Brown, Harris, Stevens, the listing agent.
That may have less to do with Madoff’s notoriety and more to do with the signature architecture and the apartment’s extremely high-end finishes.
The building has been described as one of the Upper East Side’s “most exclusive boutique condo buildings,” designed by “world-renowned” architect Costas Kondylis.
Inside, the 3,200-square-foot apartment boasts a kitchen with custom-made Italian Walnut cabinetry, Bianco Gioia marble counters and a hand-cut mosaic backsplash. Appliance are equally high end: a SubZero refigerator, a four-burner Viking stove, two dishwashers and a Thermador double oven.
The open concept apartment includes a south-facing wall of glass 36 feet long. A decorative fireplace anchors the main living area.
The Master suite includes a dressing room, a double-windowed limestone spa bathroom with a double vanity and Air Jet soaking tub.
A separate studio/home office/gym with a second en-suite full marble bathroom is attached, along with a 20-foot private balcony.
Four additional bedrooms and 3 additional full bathrooms flesh out the floor plan. One is a master-sized bedroom with a walk-in closet and en-suite full bath, according to the listing.
The building comes with a full-time concierge, a full-time superintendent and porter, a state-of-the-art fitness room, private storage and a breathtaking, fully furnished and landscaped roof-top lounge with an outdoor kitchen and BBQ, maintained year-round.
But all that luxury will cost you. The monthly condo fee is $3,811 on top of $2,203 a month in taxes.
Andrew Madoff made millions of dollars working on the trading desk of his father’s firm. When he died from cancer in 2014, his estate was valued at $16 million.
He swore he knew nothing about his father’s illegal activities, which were housed on a separate floor, and was never charged. But he believed stress from the scandal triggered a flare up of his lymphoma.
His brother, Mark, hanged himself in his apartment two years after his father’s arrest. Bernie Madoff was sentenced to 150 years in prison for swindling his investors out of $65 billion. Of that amount, $17 billion was in cash.
Perhaps not so coincidentally, the apartment was listed for sale on the heels of a television miniseries about the Madoff scandal. It rocked Wall Street when his firm, Bernard L. Madoff Investment Securities LLC, collapsed in 2008.
Whether Andrew Madoff’s assocation with the apartment helps or hurts the sale remains to be seen. The Realtor will be hosting an open house, Sunday, Feb. 28, from 12:30 pm until 2:00 pm.
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