Yorkville apartment of Bernie Madoff’s late son Andrew sells for $5.4M
Andrew H. Madoff, the son of Bernie Madoff who passed away from cancer in 2014, lived in a full-floor, five-bedroom apartment at 433 East 74th Street on the Upper East Side. He bought the sprawling condo in 2008 for $4.37 million, and initially tried to rent it in 2012 for $25,000/month. After his death, it went on the market for $5.87 million in February of this year, and according to city records, it’s now found a buyer for $5.39 million.
The 3,213-square-foot home has a massive open living space with 36 feet of wall-to-wall, south-facing, full-floor windows. There’s a decorative fireplace, as well as an additional sitting/media lounge. The kitchen comes with custom Italian walnut cabinetry, marble counters, a hand-cut mosaic backsplash, multiple ovens, two dishwashers, and a large island with a second prep sink.
The master suite boasts a dressing room, 20-foot private balcony, and a limestone bath with a double vanity and soaking tub. It also has a separate area that can be used as an office, sitting room, or gym and that comes with a second en-suite marble bath.
There are four more bedrooms and three more full bathrooms, as well as a guest powder room off the entry and a laundry room.
The boutique condo building, known as Lux 74, was completed in 2008 to the designs of Costas Kondylis and is modern, glassy structure amid a stretch of converted tenements. It has 24-hour concierge service, a landscaped roof deck with an outdoor kitchen and BBQ, fitness center, and a residents’ lounge and dining area with a fireplace.
Though Andrew worked with his father, he was never convicted of anything and, in fact, alerted the feds to his father’s Ponzi scheme (as did his brother Mark, who committed suicide in 2010). When he passed away at the age of 48 his net worth was estimated at $15 million, which he split among his ex-wife, two daughters, and fiancée, Catherine Hooper (he left nothing to his mother Ruth).
[Listing: 433 East 74th Street, 5th Floor by Daniella G. Schlisser and Matthew D. Hughes of Brown Harris Stevens]
Images courtesy of Brown Harris Stevens
