Boutique condos are seeing a lot of interest these days. A clear proof of that is the Miami luxury condos, which were sold for $26 million! New York now has a great condo in the market. Andrew Madoff earlier this month listed his Lux74, luxury condo located in Manhattan’s posh Upper East Side for $4,490,000. He however, re-listed it a week later as a rental property, the price tag being a steep $25,000 per month.
For those of you whose memory needs some refreshing about this name, Andrew Madoff is the son of Bernie Madoff who was imprisoned for 150 years in 2009 on various charges of fraud and money laundering. His Ponzi scheme is considered to be the biggest financial fraud in US history, with losses to clients adding upto billions of dollars. Infact in 2008, it was Andrew and his brother Mark who had informed the authorities about the fraud, upon being confessed about it by their father. Andrew had bought this property for $4,370,000 in October 2008, just two months before this whole drama unfolded.
His apartment is on the fifth floor of one of the most exclusive boutique condominiums in the city. The flat occupies the entire fifth floor, covering a living space of 3,212 square feet. The place has five bedrooms, five and a half bathrooms. The master suite comes with a walk in closet, a cozy marble spa bathroom with huge windows, a sitting room that can be used as a nursery, with another attached bath. There are three more baths, plus a laundry room equipped with two washers and dryers and a powder room. The entire apartment building has been designed using a lot of glass that allows lots of sunlight to come in, along with giving it a very modern feel. This feature is best enjoyed in the huge living space, which is led to from the foyer.
The kitchen is also gorgeous with its customized cabinetry, marble counters, and a mosaic backsplash. It comes with top notch SubZero, Viking, Thermador and Miele kitchen appliances that include 2 dishwashers and 3 ovens. There is a media room too and a decorative fireplace adds to the charm of the living space. This luxury condo offers full time concierge service to all its residents, along with access to a well equipped fitness room and a lovely roof-top lounge with an outdoor kitchen and BBQ, which is maintained throughout the year. The unit will be available from July 1st.