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]

Daily Intel has some exciting news this afternoon about Marisa Noel Brown. (You remember Marisa, don't you? She's the daughter of Walter Noel, the hedge fund manager who lost about $7 billion of his investors' money to Bernie Madoff.) It seems Marisa started a jewelry line last fall—a couple of months before the Noel name was disgraced forever—and Marisa happily reports that for the next week, her line will be featured in window of Henri Bendel on Fifth Avenue. Yay! She also says her company now has a website; do note that she seems to have dropped the "Noel" and is going by "Marisa Brown" these days. Do also give serious consideration to purchasing one of her $50-85 creations. "There's always the chance that Irving Picard will sue them and redistribute their profits to the old people and charities that lost all their money to Bernie Madoff." [NYM/Daily Intel]