Madoff Penthouse Sold; Madoff Pad in Palm Beach Still on Market

Considering that Bernie Madoff built himself a cabbage patch of investors, it's fitting that his former Manhattan penthouse would be purchased by the couple who made their millions from the Cabbage Patch franchise of dolls, Al and Patsy Kahn, who talked to the Times of London.And you've gotta love this...

By Thomas Francis

April 12, 2010

[
        {
          "name": "GPT - Billboard - Slot Inline - Content - Labeled - No Desktop",
          "component": "16971022",
          "insertPoint": "2",
          "requiredCountToDisplay": "2"
        },{
          "name": "Editor Picks",
          "component": "15769925",
          "insertPoint": "4",
          "requiredCountToDisplay": "1"
        },{
          "name": "Inline Links",
          "component": "16575154",
          "insertPoint": "8th",
          "startingPoint": 8,
          "requiredCountToDisplay": "7",
          "maxInsertions": 25
        },{
          "name": "GPT - Rectangle 2x - Slot Auto-select - Labeled",
          "component": "15782206",
          "insertPoint": "8th",
          "startingPoint": 8,
          "requiredCountToDisplay": "7",
          "maxInsertions": 25
        },{
          "name": "Inline Links",
          "component": "16575154",
          "insertPoint": "8th",
          "startingPoint": 12,
          "requiredCountToDisplay": "11",
          "maxInsertions": 25
        },{
          "name": "GPT - Leaderboard to Tower - Slot Auto-select - Labeled",
          "component": "15782207",
          "insertPoint": "8th",
          "startingPoint": 12,
          "requiredCountToDisplay": "11",
          "maxInsertions": 25
        }
      ]

Considering that Bernie Madoff built himself a cabbage patch of investors, it's fitting that his former Manhattan penthouse would be purchased by the couple who made their millions from the Cabbage Patch franchise of dolls, Al and Patsy Kahn, who talked to the Times of London.

And you've gotta love this quote, which sounds like it came from the caption of a New Yorker cartoon:

"He was worried about the karma, but I just loved the terrace," Mrs Kahn said.

Alas, no buyer has yet found Bernie's terrace in Palm Beach to be inducement enough to risk the karma that comes with it. The article notes that the asking price has dropped from $8.5 million to $7.2 million.

Become A Member

BEFORE YOU GO...
Can you help us continue to share our stories? Since the beginning, New Times Broward-Palm Beach has been defined as the free, independent voice of South Florida — and we'd like to keep it that way. Our members allow us to continue offering readers access to our incisive coverage of local news, food, and culture with no paywalls.