The trustee appointed by a Federal bankruptcy court to oversee the liquidation of the investment firm of Bernard Madoff has asked some real estate brokers to assess the value of his apartment at 133 East 64th Street on the northwest corner at Lexington Avenue where he is under "house arrest" for admitting to a $50 billion "ponzi" scheme, according to a story in today's edition of The New York Post by Jennifer Gould Keil, Jeremy Olshan and Dan Mangan.
According to the article, the brokers were invited to visit the apartment by Irving Picard, the trustee. The apartment currently is part of the collateral for Mr. Madoff's bail, the article continued, adding that one broker estimated that the apartment was worth about $8 million.
According to the article, the brokers were invited to visit the apartment by Irving Picard, the trustee. The apartment currently is part of the collateral for Mr. Madoff's bail, the article continued, adding that one broker estimated that the apartment was worth about $8 million.
Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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