Tuesday, February 9, 2010
According to sources, toy magnate Alfred R. Kahn, who had bought Bernard Madoff's Manhattan penthouse, has put it under contract. Even though the contract price wasn't disclosed, there are rumors that Anne Corey and Serena Boardman of Sotheby's International Realty have the listing.
Alfred R. Kahn is the chairman and chief executive of 4Kids Entertainment, the New York Company behind such hits as Cabbage Patch Kids and Pokemon. The duplex property was originally listed for $9.9 million in September but the price was later cut by $1 million.
The apartment is one of three Bernard Madoff properties the US government seized and is selling to help reimburse victims of his fraud of $65 billion Ponzi scheme. His beach house in Montauk, N.Y.was sold about 6 percent above asking price. The asking price for his Palm Beach, Fla., mansion is $7.25 million, down from $8.5 million in September. The mansion has been listed by Jim McCann and Burt Minkoff of Corcoran Group.
Alfred R. Kahn is the chairman and chief executive of 4Kids Entertainment, the New York Company behind such hits as Cabbage Patch Kids and Pokemon. The duplex property was originally listed for $9.9 million in September but the price was later cut by $1 million.
The apartment is one of three Bernard Madoff properties the US government seized and is selling to help reimburse victims of his fraud of $65 billion Ponzi scheme. His beach house in Montauk, N.Y.was sold about 6 percent above asking price. The asking price for his Palm Beach, Fla., mansion is $7.25 million, down from $8.5 million in September. The mansion has been listed by Jim McCann and Burt Minkoff of Corcoran Group.



1 Comments:
At February 10, 2010 8:48 AM,
Chack said…
I wonder how much it'll sell for; I'm sure it's a prime property.
Also, after all the court fees, processing and third party feed, I wonder how much the defrauded investors will end up getting. If anything!
Chack Pesh,
Publisher www.FreedomHabits.com
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