JPOST
Israeli victims of Iranian terrorism among those to be compensated after sale of NYC skyscraper
Danielle Greyman-Kennard
March 26, 2026

Victims of Iranian-sponsored terrorism are finally set to be compensated to the tune of $318 million after the sale of a 36-story commercial and office tower in Manhattan, the United States Attorney for the Southern District of New York, Jay Clayton, announced on Monday. The United States first made efforts to begin seizing the 650 Fifth Avenue skyscraper in 2008, after learning of the Iranian government-owned bank’s secret interest in the property. After more than 17 years of litigation, hundreds of victims of Iran-sponsored terrorism will finally be paid out, following a global settlement. Those being paid out include the American victims and family members harmed by Iran’s actions in Israel, including in the 2001 bombing of a Sbarro restaurant in Jerusalem, suicide bombings through the 1980s and 1990s, and the family of Rabbi Meir Kahane. READ MORE