By SARAH KERSHAW
Published: October 5, 2010
The 40-acre Greenwich, Conn., estate of the late hotel magnate Leona Helmsley was sold Tuesday for $35 million — down from the $125 million it was listed for in 2008 and $20 million less than the last asking price, according to a person with knowledge of the deal.
Fred R. Conrad/The New York Times
Leona Helmsley in 1998.
The 21,987-square foot mansion, owned by Ms. Helmsley and her husband, Harry, was at the center of a high-profile tax evasion case against the couple in the late 1980s. They were indicted on charges of evading more than $4 million in income taxes by fraudulently claiming luxury amenities for the mansion as business expenses, including a $1 million marble dance floor. Mr. Helmsley, who died in 1987, was declared unfit to stand trial, but Mrs. Helmsley, who was 87 when she died in 2007, served 18 months in federal prison in Connecticut.
The property was on the market for more than 800 days and its price was slashed several times, with the last asking price $55 million, the person with knowledge of the deal said. Jane Howard Basham, the broker who handled the sale for David Oglivy and Associates Realtors, declined to discuss the deal.
Comments