Miracle on 78th St: Marisa Noel Brown Finds a Buyer
That was quick! Marisa Noel Brown, the youngest daughter of disgraced hedge fund manager Walter Noel, and her husband Matt Brown, have found a buyer for their townhouse at 12 East 78th Street. The 20-foot-wide manse, which was officially listed for $12 million in May, went into contract late last week. No word yet on what the buyer agreed to pay for it, although it's probably substantially less than what the couple was hoping to get given how desperate they were to unload the property quickly. (It's almost certain they took a big loss on the sale: The couple purchased the home for $13.5 million in January 2008.) No word yet on who the buyer is either, although whoever it is will probably need to spend quite a bit of cash making the home inhabitable. Demolition work had just been completed on the six-story brownstone when the Noel family became embroiled in the Bernie Madoff scandal and the couple elected to put it up for sale. Update: A source "close to Ms. Noel Brown" tells the Observer that the price was $9.75 million. [Cityfile, Stribling]