Back in 11th December 2010, the eldest son of disgraced financier Bernard Madoff who was jailed for 150 years in the worst investment fraud ‘Ponzi scam’ in American history, Mark Madoff, 46, hanged himself in the living room of his SoHo apartment. This terrible and unnecessary tragic death of Mark was reported as the result of his father’s monstrous crime who succumbed to two years of unrelenting pressure from false accusations and innuendo. The very same exclusive luxury SoHo loft in New York City is now up for rent for just $35,000 a month. However, it’s interesting to note that this SoHo apartment in 158 Mercer Street’s New Museum Building will go on the market in November for the second time in just over a year, as it went on rent last year at a price of $32,500 per month. The current rental figure of $35K is however $2,500 more than what is being paid by the current occupants, who are leaving in November.
Notably, Mark Madoff’s widow, Stephanie Mack and their kids haven’t lived in the lavish apartment since shortly after he hanged himself there with a dog leash in 2010, that too on the second anniversary of his disgraced dad’s arrest.
Stephanie Mack also reportedly stated that she along with their children tried to move back in the apartment for the sake of ‘normalcy’, but was unsuccessful to bring herself to actually do it.
But, this $35K deal is a limited period offer, as there’s a lien on the apartment. And, the bankruptcy trustee charged with recouping ill-gotten gains from Bernie Madoff’s Ponzi scheme actually suing Mack for $27.5 million. Interestingly, the trustee, Irving Picard, states that Mark and his wife Mack bought this 4,000 sq ft. apartment costing $6.1 million with the help of a loan from Mark’s mom that was never repaid.
The apartment has been described to as very high-end and magnificent, and has undergone a spectacular renovation. This 4-bedroom, 3-bath apartment also has a huge living room with fireplace, 13-foot ceilings, oversized windows and a gourmet kitchen.
However, we have earlier seen some of the other rental properties in New York City which includes the SoHo townhouse which becomes the most expensive rental home in Manhattan after asking for $100,000 a month, Frank Gehry's New York penthouse for rent at $60,000 per month, and Kate Winslet's Chelsea apartment for rent at $30,000 a month.
Also, we have seen that the Madoff's Mercedes E3 20 black station wagon that once belonged to the $65 billion fraudster Bernard Madoff also went up for auction.