Helmsley executors to get $900K each

New York /
Sep.September 04, 2012 11:00 AM

The five executors responsible for handling the complex affairs of the late, notorious real estate baroness Leona Helmsley, will each be handsomely compensated for the task, DNAinfo reported. A Manhattan Surrogate Court judge recently approved payments of $900,000 for the executors, who include two Helmsley grandsons, her brother, her lawyer Sandor Frankel, and her friend John Codey, DNAinfo said.

The judge who signed off on the deal said Helmsley “entrusted her executors with an estate of singular magnitude and extraordinary complexity,” according to DNAinfo. Helmsley’s estate owns part of the Empire State Building, as well as hundreds of other properties, part of the vast empire Helmsley accumulated, all the while becoming a widely hated landlord.

Helmsley’s estate included $12 million for her dog, which DNAinfo said was reduced through the executors’ work. The executors are likely to seek payment for future work on the estate as well, DNAinfo noted; this payment is only for one year’s worth of work, the year right after Helmsley’s death, in 2008. [DNAinfo] — Guelda Voien


Related Articles

arrow_forward_ios
Michael Jordan with 1 West 34th Street
Sneaker shop makes big jump to 1 West 34th Street
Sneaker shop makes big jump to 1 West 34th Street
Empire State Realty Trust’s Tony Malkin and L+M’s Ron Moelis. Carbon molecules floating from an open book, against nyc skyline (iStock, Illustration by Kevin Cifuentes for The Real Deal)
NY unveils “playbook” for building owners to cut emissions
NY unveils “playbook” for building owners to cut emissions
Empire State Realty Trust's Anthony Malkin (Getty, iStock/Illustration by Kevin Rebong for The Real Deal)
More multifamily deals coming, Tony Malkin says
More multifamily deals coming, Tony Malkin says
Residents at Sven in Long Island City will be able to control the light show atop their building, as well as some in Manhattan. (Spireworks)
LIC tower giving residents chance to light up night
LIC tower giving residents chance to light up night
Empire State Realty Trust CEO Tony Malkin (Getty, iStock)
ESRT braces for more pain at Empire State Building
ESRT braces for more pain at Empire State Building
Anthony Malkin, president of the Empire State Realty Trust, sounded off on working from home, police protests and a socially distanced Observatory. (Getty, iStock)
Tony Malkin on looting, unions and Empire State Building reopening
Tony Malkin on looting, unions and Empire State Building reopening
From left: Empire State Building, 111 Eighth Avenue and 100 Park Avenue (Credit: Taconic Partners, SL Green) 
Office landlords finding out which tenants are paying up during lockdown
Office landlords finding out which tenants are paying up during lockdown
Joseph Scharf (Credit: Linkedin)
Empire State Building’s flex-office location shutting down
Empire State Building’s flex-office location shutting down
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...