News Banner


For Immediate Release

Contact:
September 9, 2009

Southern District of New York

Roland Ubaldo and Bill Dundon (212) 331-7200;

Southern District of Florida

Barry Golden (954) 214-0301

United States Marshals Service Selects Realtors to Sell

Madoff Properties in New York City and Palm Beach, Fla.

New York – The United States Marshals Service announced today the remaining properties in New York and Florida, formerly owned by Bernard L. and Ruth Madoff, are in the hands of brokers and on the market – a 4,000 square-foot duplex penthouse in New York City and a 6,500 square-foot estate in Palm Beach, Fla.  The Manhattan penthouse is being offered for sale by Sotheby’s International Realty and the Palm Beach property will be offered for sale by the Corcoran Group, according to the Marshals Service, which selected the real estate firms.  Madoff’s vacation home in Montauk, N.Y., was placed on the market earlier this month with the Corcoran Group. 

“The United States Marshals Service took a major step towards restitution for the victims last week by announcing the broker to list the Madoff home in Montauk,” said United States Marshal Joseph R. Guccione, who heads the agency’s Southern District of New York office where the Madoff investigations were conducted.  “We are taking an even bigger step this week by announcing that brokers have been selected for the remaining properties and they will be listed for sale immediately.”

The properties are located at:

 

133 East 64th Street, (PH11/12), New York, N.Y.

410 North Lake Way, Palm Beach, Fla.

 

 For specific details on the New York City penthouse, please contact:

 

Anne V. Corey                                                           Serena Boardman

Vice President                                                          Senior Vice President

Sotheby's International Realty                                    Sotheby's International Realty

38 East 61st Street                                                     38 East 61st Street

New York, N.Y. 10065                                                 New York, N.Y. 10065

Office: 212-606-7733                                                  Office: 212-606-7611

Fax:     212-606-7661                                                  Fax:     212-606-7661

Cell:     917-270-0698                                                 Cell:     917-667-2468

Anne.Corey@Sothebyshomes.com                          serena.boardman@sothebysrealty.com

 

 

For specific details on the Palm Beach property, please contact:

 

Jim McCann                                                               Burt Minkoff

Senior Associate Broker                                         Salesperson

Corcoran Group                                                          Corcoran Group

340 Royal Poinciana Way                                          340 Royal Poinciana Way

Suite 302                                                                     Suite 302

Palm Beach, FL 33480                                               Palm Beach, FL 33480

Office: 561-296-8720                                                  Office: 561-512-8978

Fax:     561-832-6541                                                  Fax:     561-655-8854

jim.mccann@corcoran.com                                       burt.minkoff@corcoran.com

                                                                                               

 

In addition to the selection of real estate brokers for the remaining Madoff properties, the United States Marshals are announcing that the three vessels belonging to Bernard L. Madoff will be auctioned in Ft. Lauderdale, Fla., on Nov. 17, 2009.

 

For specific details on the vessel auction, please contact:

J.R. Hipple
National Liquidators,
1915 Southwest 21st Avenue,
Fort Lauderdale, Fla. 33312-3113
jrhipple@hipple.biz
www.yachtauctions.com

The United States Marshals Service administers the Department of Justice's Asset Forfeiture Program by managing and disposing of properties seized and forfeited by federal law enforcement agencies and U.S. attorneys nationwide. The program has become a key part of the federal government's efforts to combat major criminal activities.  The Marshals Service currently manages approximately 18,000 assets with a value of more than $1.98 billion.

Additional information about the U.S. Marshals can be found at http://www.usmarshals.gov.

###
America’s Oldest Federal Law Enforcement Agency