Sheldon Good & Company Will Auction-Off 23 Luxury Condominium in Westchester County

October 15, 2010 / Russell Legato, Residential Property Analyst

An elite compilation of city-style luxury condominium units will be presented through an innovative, real estate auction and a one-day only Grand Opening event. Orchids, a luxury condominium, which is located at Spring Street Ossining-on-Hudson, close to the banks of the Hudson River, and just 44 minutes via Metro North express train service from Manhattan, will be auctioned for as low as $175,000 on the 21st of November.

Sheldon Good & Company Will Auction-Off 23 Luxury Condominium in Westchester County

Sheldon Good & Company, America’s Real Estate Auctioneer will auction-off the 23 units of luxury condominium in the recently-furnished four-level Orchid Condominium building.

Bids for eight residences will be subject to a low-minimum bid, $175,000 for a one-bedroom spacious condominium unit and $225,000 for the two and three-bedroom luxury condominium designs.

The luxury condominium units are initially priced from $399,000 to $599,000.

Ricky Aryeh, a principal of Lionheart Enterprises, Ltd., the Orchid’s developer, said that his company is initially looking-forward to launch a straightforward sales plan since the first quarter of the year, but they decided to finished the luxury condo units first for the competitive one-day bidding auction.

Aryeh is also confident that the public will grab this unique opportunity to live in a luxury condominium unit, which is designed after New York City’s stylish uptown addresses.

Jeffrey Hubbard, Managing Director for Sheldon Good & Company says that this is the first bidding-auction which is held in Westchester County, and is considered as a “win-win” for potential customers and developers.

Ossining-on-Hudson is rated no.2 as the “Best Place to Live” for the Westchester Magazine’s October 2010 issue.

The luxury condominium is inspired by the classic Brooklyn-and-Manhattan condominium buildings in the area.

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