139 Orchard Street, New York, NY
The hotel site at 139 Allen Street has been finally been checked out, selling at a bankruptcy auction for $30.75 million. The winners of the bid were Morris Moinian of Fortuna Realty and his investment partner, Morry Kalimian of Elk Investors.
The structure dates back to 2008, but fell into foreclosure three years later. It stands at its full height, but a lot of work is still yet to be done.