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Sotheby’s to sell Madoff’s NYC home

Bloomberg News / September 10, 2009

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NEW YORK - Sotheby’s International Realty in New York was selected by the US Marshals Service as brokers for the sale of Bernard Madoff’s New York City penthouse apartment, according to people familiar with the decision.

Anne Corey and Serena Boardman of Sotheby’s will have the listing, according to the people, who asked not to be named because the decision is not public. The marshals list the property as 133 E. 64th St. in Manhattan, a penthouse in a cooperative where television newsman Matt Lauer also lives.

The US government is selling three homes once owned by Madoff to pay restitution to victims of his Ponzi scheme, the largest in history. Madoff’s penthouse occupies two floors of the building on the Upper East Side. It was seized July 2 by federal marshals who ordered Madoff’s 67-year-old wife, Ruth, 67, to leave. The government put the apartment’s value at $7.5 million.

Corey and Boardman didn’t return calls for comment. Roland Ubaldo, a deputy US marshal in New York who is in charge of the property disposition, declined to comment.

Madoff, 71, pleaded guilty in March to 11 counts of fraud and money laundering. He was sentenced to 150 years.

Marshals are also selling homes seized from Madoff in Palm Beach, Fla., and in Montauk, N.Y. The Montauk house was listed for sale last week for $8.75 million.

The Palm Beach house still has most of the furniture and artwork, which are being sold separately.