ossining

New Condos Up For Auction in Westchester County

Filed under: Auctions, Real Estate Developments

The Westchester County New York town of Ossining-on-Hudson is the site of the latest condo auction. Condominiums in the Orchid Condominiums will be auctioned off by Sheldon Good & Company on November 21 for prices starting at $175,000. There are a total of 23 luxury condominium homes in the recently-completed, four-story Orchid Condominium building in the heart of historic Ossining.
Eight residences will be sold subject to low minimum bids starting at just $175,000 for one-bedroom condominiums and $225,000 for two and three-bedroom designs. The homes were originally priced from $399,000 to $599,000. The original building was erected in 1938 by the Cambridge Instrument Company and has a red brick façade. Units have bamboo hardwood flooring and modern kitchens with contemporary cabinets in cherry-wood finish, granite countertops and stainless steel appliances. Many residences also have spacious patios or terraces.

The auction will take place at the Crown Plaza White Plains located at 66 Hale Avenue, White Plains, New York. Interested buyers can view the available homes and furnished model residences during pre-auction Open Houses on Saturdays and Sundays from 11am to 2pm starting October 23rd and 24th and every weekend up until the November 21st auction.

"We initially looked to launch a conventional sales program earlier this year, but decided to finish the building first and sell all of the homes in one day through a competitive bidding auction event," notes Ricky Aryeh, a principal of Lionheart Enterprises, Ltd., the Orchid's developer.

Tags: condo auction, condominium, ossining, sheldon good, westchester county