After graduating from
Hofstra University, Kalikow began his career in real estate in 1967. His first building was the Park Kensington, completed in 1969 in
Great Neck. In the late 1970 Kalikow befriended Alfred Momo, a former car racing team manager who worked for Jaguar. The two collaborated to create the
Momo Mirage. The concept was featured on the front cover of the December 1971 issue of Road & Track. Due to the market and economic situation in Italy where the car was being produced, only a handful examples were built. In 1973 Kalikow shifted his full attention to real estate. By 1984 Kalikow had built over 10 residential properties, including the office building
101 Park Avenue in midtown Manhattan, and acquired several other properties, including one in London. He acquired
195 Broadway in 1983. In 1988, Kalikow purchased
The New York Post from
Rupert Murdoch for $37.6 million. In 1993, Kalikow declared bankruptcy and lost the newspaper, which was eventually purchased by Murdoch's
News Corporation. Kalikow served as chairman of the
Metropolitan Transportation Authority from March 2001 to October 2007. In May 2000, Kalikow was named chairman of the
Grand Central Partnership, one of New York City's
Business Improvement Districts (BIDs). Kalikow company officers are located in
101 Park Avenue, located near
Grand Central Terminal. ==Political involvement==