Daily Real Estate News | October 6, 2010 | Share
Helmsley Mansion Sells at Deep Discount
The Greenwich, Conn., estate of the late hotel magnates Leona and Harry Helmsley has finally sold for $35 million. The property was originally listed in early 2008 for $125 million. It was most recently listed at $55 million by Lyn Stevens of Greenwich Fine Properties.
Cynthia L. Smith of the Greenwich law firm Whitman, Breed, Abbott & Morgan LLP, purchased the property. Jane Basham of David Ogilvy & Assoc. sold the property.
The 28-room, 22,000-square-foot home on more than 40 acres was originally built in 1918. In 1989, the Helmsleys were accused of illegally billing their company for more than $3 million in renovations to this property. Mrs. Helmsley was convicted and sentenced to 16 years in prison, though she served less than two. Mr. Helmsley was too ill to stand trial.
Source: Greenwich Time, Susan Nova (10/05/2010)
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