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Briar Hall Country Club goes on auction block.


The Briar briar: see brier.  Hall Country Club in Briarcliff Manor, its club house and its operating, 18-hole championship golf course complete with development rights for 87 condominium residences, will be offered for sale at a public auction on December 14, it was announced by Sheldon Good & Company, which will conduct the auction at the direction of the U.S. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. , Southern District of New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
.

The opening bid for the property, the golf course operation and the development rights is $9.9 million. The property is being sold subject to back current real estate taxes owing and payable. A certified or cashier's check cashier's check n. a check issued by a bank on its own account for the amount paid to the bank by the purchaser with a named payee, and stating the name of the party purchasing the check (the remitter).  for $400,000 will be required to bid at the auction, which will take place at the Briar Hall clubhouse, Pine Road, Briarcliff Manor.

Steven Good, president of the auction firm, said "The club and its operation notwithstanding, the Village of Briarcliff Manor has approved extremely valuable and difficult to obtain development rights. These rights alone, within one of the nation's most affluent counties, should be very attractive to real estate developers."

Briar Hall Country Club opened in 1922 and has been in operation since that time.

Located jupt 35 minutes north of midtown mid·town  
n.
A central portion of a city, between uptown and downtown.


midtown
Noun

US & Canad the centre of a town
 Manhattan, Briar Hall encompasses 142 acres of rolling topography. Its 18-hole, 6,313-yard golf course reflects its championship caliber and mature design. The course is fully sprinklered and has a PGA (1) (Professional Graphics Adapter) An early IBM PC display standard for 3D processing with 640x480x256 resolution. It was not widely used.

(2) (Programmable Gate Array) See gate array and FPGA.
 slope rating The slope rating of a golf course, typically in the US, is a measure of its difficulty for bogey golfers. The term comes from the fact that when playing on more difficult courses, players' scores will rise more quickly than their handicaps would predict.  of 127 from the back tees.

The village-approved residential development plan consists of 75 units situated in a three-story, multi-residential building and 12 units within six, 2-unit townhouses.

In addition to the golf course, improvements include a 78,782 square-foot clubhouse with 600-person ballroom; seven tennis courts, in-ground swimming pool, pro shop, maintenance building and pool house. All municipal and public utilities serve the property and there is ample, paved parking.

Open house inspection tours of Briar Hall will be conducted from 11 a.m. to 2 p.m. on Wednesday, December 1. For additional information, contact the Sheldon Good Auction Information Center, (212) 213-9770.
COPYRIGHT 1993 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Briarcliff Manor, New York property to be auctioned by Sheldon Good and Co.
Publication:Real Estate Weekly
Date:Dec 1, 1993
Words:334
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