NYC real estate heirs weren’t low-balled for their share of family’s $2B fortune: judge

A Manhattan judge has dismissed claims made by the daughter and grandson of a real estate mogul, Sol Goldman, regarding their share of the family’s $2 billion fortune. Sol Goldman, who passed away in 1987, owned significant holdings in Manhattan, including the Chrysler Building and the Stanhope Hotel.

Amy Goldman, a prominent Democratic donor, and her nephew Steven Gurney Goldman, filed a lawsuit against Amy’s sister, Jane, and Sol Goldman Investments, alleging that Jane manipulated the appraisal process, resulting in them receiving less than they were entitled to.

The court ruled that the company could not have breached the contract as it was not a party to the deal. An appraisal conducted in 2022 valued Steven and Amy’s shares at $91 million each, lower than the $130 million they had expected.

While claims against SGI were dismissed, other allegations, including improper management, were not addressed in the ruling. The original complaint was described as “three lawsuits” in one, with some claims being directed to Surrogate’s Court.

Following Sol Goldman’s passing, Jane took over the family business, which was shared with Diane, Amy, and their late brother Allan. Steven, Allan’s son, sought more control after Allan’s death, leading to a legal battle with Jane.

Amy and Steven accused Jane of attempting to seize control of the family’s extensive real estate empire through unlawful means. Sol Goldman’s empire was the largest private real estate portfolio in New York City at the time of his death.