Bernie Madoff’s brother sold his ManhattanÂ apartment as he prepares to turn himself in for his 10 year prison sentence -Â and was forced to leave behind most of his high-priced belongings.
Peter Madoff, Bernie’s younger brother,Â previously pleaded guilty to playing a role in the massive Ponzi scheme andÂ agreed to forfeit a symbolic $143.1billion and spend a decade behind bars.
As part of that repayment process, he soldÂ his two-bedroom apartment in the upscale Upper East Side neighborhood forÂ $4.6million.
But Madoff and his wife Marion wereÂ stunnedÂ to learn that with the sale of the apartment, they were alsoÂ forced to leaveÂ most of their expensive possessions inside.
A source told the New YorkÂ Post:Â ‘They wanted to takeÂ furniture, silverware and glasses – but the federal marshals packed upÂ everything. They were surprised and shocked.’
The paper reported that the couple could onlyÂ take clothes, a mattress and a box spring.
The contract in the sale has been formallyÂ signed and the purchaser, only identified as a lawyer from Chicago, isÂ apparently getting a bargain.
Madoff bought the sixth-floor pad forÂ $4.1million in 2004 and went on to spend an additional $1million for variousÂ renovations.
The apartment boasts two bedrooms, two largeÂ living rooms, four bathrooms and a maid’s room.
A Viking oven range, Sub-ZeroÂ refrigerator,Â Bosch dish washer, and separate wine cooler all helpÂ qualify the listing asÂ being in mint condition, according to the listing agents at PrudentialÂ Douglas Elliman.
Because of its placement in the building onÂ 975 Park Avenue, in between 82nd and 83rd streets, the apartment is said to haveÂ incredible light as there are both north and west-facing windows.
The co-op building was erected in 1929, andÂ in truly lavish fashion has an elevator operator and a concierge in addition toÂ the full time doorman.
The buyer also has access to the commonÂ ‘modern’ gym and private storage and a bicycle room.
As for Madoff, 67, The New York Post reports that he has downsized to aÂ $3,200 one-bedroom apartment on the opposite end of the island, in Battery ParkÂ City.
He will be headed for an even smaller bedroomÂ in February 6- just after his granddaughter’s bat mitzvah- when he will reportÂ to Otisville Prison Camp in the suburbs of New York City.