Originally estimated to sell for $22 million, the property was sold for $26 million and closed within 30 days of an executed Contract of Sale. This was the first sale of the property since 1968 and it was sold to a partnership comprised of Astoria Realty Partners LLC and Mornos Realty LLC, a private investor client of Friedman-Roth Realty Services LLC.
Jude Dayani, of Orsid Realty, represented the seller while Joseph Smith and Nadeem Haque, both of Friedman-Roth, represented the purchaser.
In 1930, one of the hotel's most infamous residents, Jack "Legs" Diamond, while resting in his hotel suite, was shot 5 times by a rival mob yet miraculously survived the murder attempt.
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