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Ruth Madoff's 1BR Fixer-Upper

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Thatcornellguy
07/09/09

In reply to Ruth Madoff's 1BR Fixer-Upper
Awww...she's living the just-out-of-college grad's life with a small apartment in a nice part of town to be safe, except mommy and daddy aren't going to be giving the landlord the rent check every month. this is precious.

and this will probably be my life in one year. now im crying.
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NewsFlashGordon
07/09/09

In reply to Ruth Madoff's 1BR Fixer-Upper
"many closets" = two closets?

By New York real estate math, I now have many dollars in my bank account. Huzzah!
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Mama Penguino
07/09/09

In reply to Ruth Madoff's 1BR Fixer-Upper
I swear I'm not being purposefully naive. Do grown folks really live like this? That is, would a person over the age of 21 actually move into a place like this and call it home for more than a few weeks?
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irishflyesq
07/09/09

@Mama Penguino: Yes, and in NY we call it luxury.
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1.1.1.
07/09/09

@irishflyesq:

A friend of mine who lives outside of NYC is still kicking himself for not buying a $90K pied à terre (read: broom closet) 20 years ago. Such a bargain.
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Edited by 1.1.1. at 07/09/09 6:23 PM 1.1.1. was starred 1.1.1. was unstarred

Proofer3
07/09/09

@Mama Penguino: I think perhaps you are being purposefully naive. In many places in the world, this flat would house 6 people. In many places in NEW YORK, this flat would house six people.
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TabithaIapetus
07/09/09

In reply to Ruth Madoff's 1BR Fixer-Upper
Wow. That's what $465k buys in NYC? I am so glad I live in the hinterlands. Of course we don't have Broadway... but I have seen some naked cowboys.
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Xylo
07/09/09

In reply to Ruth Madoff's 1BR Fixer-Upper
Are those the only windows in the whole place?! Even my little Toronto rental has windows, windows, everywhere; south and west-facing.
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depardoo
07/09/09

In reply to Ruth Madoff's 1BR Fixer-Upper
Curiously no picture of the bedroom. 481 sf sounds more like a studio.
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DorothyMantooth
07/09/09

@depardoo: It IS a studio! Look, no door to the "sleeping area." And hey, 481 square feet is actually a pretty big studio. Way to live the dream, Ruthie!
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Richard Lawson
07/09/09

In reply to Ruth Madoff's 1BR Fixer-Upper
It looks like a dorm room!

Please let her put a dry-erase board on the front door.
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DahlELama
07/09/09

@Richard Lawson: "R--a bunch of us r going 2 Chick-Fil-A--c u there! ~D"
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lobstr
07/09/09

@DahlELama: "Looking 4 a ride share 2 Lake Havasu for Spring Break, woooo!"
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Edited by lobstr at 07/09/09 12:49 PM lobstr was starred lobstr was unstarred

kimsama
07/09/09

In reply to Ruth Madoff's 1BR Fixer-Upper
It has its own dishwasher? Yeah, it's nicer than my place, too.

U.S. Attorney's Office, I admit that I -- no, wait, my husband -- stole paper clips from the office while I innocently stood by. I will happily relinquish possession of the stolen paper clips for a paltry $127,000. U.S.
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lobstr
07/09/09

In reply to Ruth Madoff's 1BR Fixer-Upper
How the hell does a 481 square foot apt have "many closets"???
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Kid Twist
07/09/09

In reply to Ruth Madoff's 1BR Fixer-Upper
Maybe she could share a place with Jon Gosselin.
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Rumpelstilskin
07/09/09

In reply to Ruth Madoff's 1BR Fixer-Upper
It appears to have a fireplace at least, to burn old pesky business papers.
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Kitten_Witawip
07/09/09

@Rumpelstilskin: That is a flat screen TV.
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CaptainFantastic
07/09/09

In reply to Ruth Madoff's 1BR Fixer-Upper
Charming. She can start reading Apartment Therapy.
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homoviper
07/09/09

In reply to Ruth Madoff's 1BR Fixer-Upper
Off topic: is the expanded/condensed view option gone forever or am I just experiencing a glitch?
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kimsama
07/09/09

@eXXX: It's driving me nuts -- I'm an expanded view girl, myself. I hope this is temporary, because we lost preview in a similar fashion, and I can't lose expanded view, too (haunting wail).
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homoviper
07/09/09

@kimsama: Yeah I'm all about expanded view, and not having it is making my teeth itch.
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FormerEnglishMajor
07/09/09

In reply to Ruth Madoff's 1BR Fixer-Upper
Something here doesn't make sense - she only has $2.5 million for the rest of her life. She's going to spend a quarter of it on an apt. and reno? She's either got money stashed away and is pretending to live "cheap" or someone is subsidizing her (like, her sons). At best, $2.5 mil throws off (at 5%) - $125K a year - and she has maintenance, food, doctors, transportation, etc.

She's either not really in the market to buy; or she is and she's got money somewhere (that is my bet) and this apt. will be the front. You watch - Ruthie will be traveling, etc. and only in NYC will she look like she's leading a frugal life.
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freedc
07/09/09

@FormerEnglishMajor: Definitely not adding up.

If she does do some renovations, I hope she hires Candice Olsen from HGTV -- she could do wonders with that small space!
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bluebears
07/09/09

@FormerEnglishMajor: i don't know...if her investments are throwing off 125 a year I think thats probably enough for the mortgage payment on 425 plus some living expenses.
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bluebears
07/09/09

@FormerEnglishMajor: but I do think she has money stashed away.
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gerbilsoutofexile...is cheap and easy
07/09/09

@freedc: If she does, there will be at least one floor mirror and many layers of drapery. And sparkle, always lots of sparkle.
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momof3wildkids
07/09/09

In reply to Ruth Madoff's 1BR Fixer-Upper
What co-op board would accept her?
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homoviper
07/09/09

@momof3wildkids: The one whose building has the highest volume of vacancies?
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