The Lipstick Foreclosure: Madoff Site in Trouble
It’s not often that a criminal mastermind’s former lair goes up for sale. The oval-shaped and rose-colored building at 885 Third Ave. is, because of decreased rent revenues that partially reflect Madoff’s departure, no longer making the money it was for holders of its $210 million mortgage, Royal Bank of Canada , who are seeking to divest themselves of it, the newspaper reported.
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