Andrew Madoff, son of the disgraced Ponzi schemer Bernie Madoff, has just listed his exclusive luxury New York City condominium on the rental market for $25,000 a month. Andrew purchased the fifth-floor apartment for $4,370,000 in October 2008, a mere two months before his father revealed to Andrew and his late brother Mark that he had committed the largest Ponzi scam in history. After years of semi-obscurity, Andrew Madoff raised the eyebrows of real estate watchers earlier this month when he listed the NYC apartment for sale for $4,490,000, but pulled it a week later and re-listed it as a rental property with a hefty price tag.
Maddoff’s private sanctuary from the horrors of the last few years is a spectacular, sprawling and sun-drenched home at Lux 74, one of the Upper East Side’s most exclusive boutique condominiums. The unit encompasses a full floor and is a loft-like five bedroom residence. The entry foyer leads to an enormous living space, infused with unobstructed sun. The open kitchen is equipped with stainless steel SubZero, Viking, Thermador and Miele appliances including 2 dishwashers, 3 ovens and finished with customized cabinetry, a mosaic backsplash and marble counters. Further enhancing the living space is an oversized decorative fireplace, and, nestled in the corner, a media room.
In the unit, there are five true bedrooms, including a Master Suite featuring a walk-in closet, a windowed marble spa bathroom and a sitting room/nursery with another en-suite bath. There are 4 additional bedrooms and 3 more baths, plus a powder room and a windowed laundry room with 2 washers and 1 dryer. Madoff’s building, Lux 74, is a luxury condominium offering its residents a full time concierge, a state-of-the-art fitness room and a breathtaking roof-top lounge with an outdoor kitchen and BBQ. The apartment is available on July 1st.