Chapter Twenty

Afterword

The History of HJ Kalikow and Co. is a tale of profound resilience. In the face of adversities, economic downturns, and the challenges of an ever-evolving real estate landscape, Kalikow has managed to continue to survive for over 100 years and cultivate a sustained reputation of success and esteem despite its setbacks.

Joseph Kalikow, the founder of the Kalikow real estate enterprise, faced the uncertainty of the Great Depression but weathered the storm with tenacity, finding fortune with a new business partner. From the financial turmoil, the Kalikow real estate business emerged stronger. Joseph’s ability to turn challenges into opportunities laid the foundation for future generations.

The second generation of Kalikows, navigating the complexities of World War II and post-war reconstruction, embraced innovation by contributing to the war efforts with government housing projects and, later, packing facilities. In the aftermath of the war, the Kalikow brothers, Harold, Nathan, and then Sidney, capitalized on the housing boom and the empty tracts of land throughout Queens that their father had bought in the years prior. It was this kind of entrepreneurial skill and vision that allowed the Kalikows to recover after the ill-fated purchase of the old Nabisco Factory in 1956, which could have severely damaged the company. However, the brothers’ determination and ability to stick together helped them to learn from this situation again, and come out stronger and more experienced, propelling HJ Kalikow into the next era of growth.

The third generation, led by Harold and Peter Kalikow, changed focus and was confronted with the upheavals of societal shifts and economic recessions in the heart of the city. They learned from the lessons of their predecessors while still taking risks in the name of progress. Under Peter, HJ Kalikow expanded into Manhattan and began building residential skyscrapers. Not every venture succeeded, including Kalikow’s personal acquisition of the New York Post in the late 1980s. However, each failure became a catalyst for transformation and improvement, cementing the company as a beacon of adaptability.

Now, as the fourth generation takes the reins, they inherit not just success stories but a legacy of resilience forged in onerous trials. The failures of the past have become an integral part of HJ Kalikow and a source of strength that continues driving the company forward. Each setback was not a defeat but a chance to reinvent and redefine success. After all, no great success was ever achieved without failure.

This book is a testament to the unwavering spirit that pulses throughout HJ Kalikow—a spirit that, in the face of failures, found the courage to rise above challenges, adapt to evolving conditions, and create new horizons. The company’s 100-year journey is not a story of avoiding pitfalls, but of turning them into stepping stones.