In 2012, the property was bought by investors who were intending to establishing a hotel and spa, but sadly those plans never came to fruition.
After several years languishing on the market, Elm Court was finally purchased in December of 2022 for just $8 million (£6.3m) by real estate developer Linda S. Law of Law & Associates, who plans to finish returning the property to its former glory.
Speaking to the New York Post in 2023, Law said: “I’d had my eye on it for years,” going on to say: “It was already 75% renovated. People thought it would take $20 million or $30 million to renovate it, but we estimate we’ll spend about $6 million.” We can't wait to see the finished product!
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