Huffpost New York

The Juiciest Madoff Fruit

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The year's most wildly frothed-over piece of plump New York real estate isn't officially on the market. It's not even one of those quiet listings, like the philanthropist Courtney Sale Ross' duplex at 740 Park Avenue, which was mutedly made available late last year for more than $60 million.This co-op is six floors below hers. And it's even nicer.

Apartment 6/7B at 740 Park belongs to the disgraced financier J. Ezra Merkin, whose clients lost around $2.4 billion in the Madoff Ponzi scheme. Brokers are talking; enquiring; circling. "I keep hearing, 'It's going to come on, it's going to come on, it's going to come on,'" one Brown Harris Stevens managing director said this week, "but nothing concrete, nothing solid."

Read the whole story at The New York Observer