Morris Kalimian’s ELK Investors pays $300K for air rights for hotel in Lower East Side

Morris Kalimian’s ELK Investors through the entity Allen Street Owner LLC paid 81-83 Rivington Corp. $300,000 for air rights for Kalimian’s hotel project at 141 Orchard Street in the Lower East Side. The deal closed on October 31, 2019, and was recorded on November 6, 2019. The transaction involves 3 parcels.
The transfer price of $300,000 was recorded in property records, but may not be an accurate reflection of the price paid for the development rights.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
A recent story on the property. link.

Share this article