Menu

Crime & Courts

Peter Madoff's New York mansion for sale for $4.5M

The New York mansion that once belonged to the brother of Bernard Madoff is on the market for $4.5 million.

Peter Madoff's Old Westbury estate on Long Island has been listed by the U.S. Marshals Service.

Madoff, who pleaded guilty last year to falsifying documents and lying to regulators as part of his brother's Ponzi scheme, was sentenced to 10 years in prison.

He was ordered to forfeit his family's assets as part of the plea deal.

The 1935 mansion has five bedrooms and five bathrooms. The property also boasts a tennis court, swimming pool and pool house.

The U.S. Marshals Service has already sold Peter Madoff's Park Avenue apartment for $4.6 million.

The proceeds are going to victims of the Ponzi scheme.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.30% up 4.25%  
15 Y Fixed Graph 3.29% dw 3.32%  
30 Y Fixed Jumbo Graph 4.58% dw 4.59%  
5/1 ARM Graph 3.45% dw 3.63%  
5/1 Jumbo ARM Graph 3.52% up 3.49%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.38% dw 4.46%  
$50K HELOC Graph 4.11% dw 4.17%  
$30K Loan Graph 4.99% dw 5.10%  
$50K Loan Graph 4.40% dw 4.55%  
$75K Loan Graph 4.40% dw 4.51%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.91% up 2.87%  
36 M Used Graph 3.43% up 3.35%  
48 M New Graph 3.19% up 3.14%  
48 M Used Graph 2.97% up 2.92%  
60 M New Graph 3.22% up 3.17%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.34% -- 0.34%  
1 yr Graph 0.68% -- 0.68%  
5 yr Graph 1.38% up 1.37%