Big news: word comes this morning that billionaire real estate mogul Steven Roth is the mystery buyer behind the $9.41 million sale of Bernie Madoff's Montauk beach house. Roth, chairman of commercial real estate giant Vornado Realty Trust, was represented by Sotheby's Ed Petrie in the sale. The U.S. Marshals received four bids on the oceanfront property, and closed on the house with Roth last Friday. And with that, we bid 216 Old Montauk Highway adieu. Less than two months after it was listed, the deal is officially complete. Next up: the Destructoporn watch begins!
· Private Properties: Vornado Realty's Roth Buys Madoff's Montauk Estate [WSJ]