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Multi-property auction set.


Sheldon Good & Company, the nation's largest real estate auction company, has announced both an extension and an amalgam of the company's successful multi-property commercial/residential and residential "trophy home" auction programs to be conducted on Thursday, December 17th at the Grand Hyatt Hotel at Lexington Avenue and East 42nd Street. Registration begins at 6 p.m.

Properties to be auctioned on December 17th include two Riverside Drive A number of cities around the world have a Riverside Drive.

In the United States:
  • Riverside Drive (Anderson, California)
  • Riverside Drive (Asotin County, Washington)
  • Riverside Drive (Austin, Texas)
  • Riverside Drive (Bandon, Oregon)
 apartment buildings with spectacular Hudson River Hudson River

River, New York, U.S. Originating in the Adirondack Mountains and flowing for about 315 mi (507 km) to New York City, it was named for Henry Hudson, who explored it in 1609. Dutch settlement of the Hudson valley began in 1629.
 views at 583 and 587 Riverside Drive; and two Orange County, NY properties.

The apartment building at 583 Riverside Drive overlooks the Hudson River. This pre-war six-story 52,140 square-foot elevatored building is currently configured as 37 apartments. The building will be delivered vacant, providing an excellent opportunity for development and conversion into a cooperative, condominium condominium

In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common.
, non-profit dormitory or luxury apartments.

The current owner has architectural plans to convert the building into 53 apartments, all two- to four-bedroom units. As currently configured, the apartments range in size from four rooms/two bedrooms to eight rooms/six bedrooms.

The walls are painted plaster; ceilings are 9-feet high, also painted plaster. Floors are hardwood strip and herringbone pattern Noun 1. herringbone pattern - a pattern of columns of short parallel lines with all the lines in one column sloping one way and lines in adjacent columns sloping the other way; it is used in weaving, masonry, parquetry, embroidery
herringbone
 parquet. Some units have carpet or vinyl flooring installed over the hardwood. The units have appropriate bathroom and kitchen facilities.

Suggested opening bid is $1.1 million, with 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).  in the amount of $110,000, required to bid on day of auction.

The property at 587 Riverside Drive is a pre-war 39-unit, six-story elevatored apartment building also overlooking the Hudson River. It contains 55,320 square feet of space, plus a full basement.

Currently, the building is configured in apartments ranging in size from three rooms/one bedroom to nine rooms/seven bedrooms. Apartments are similar to those at 583 Riverside Drive.

Suggested opening bid for the property is $800,000, with a certified or cashier's check in the amount of $80,000 required to bid on day of auction.

This auction is both an extension and an amalgam of Sheldon Good auctions in the New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 area in which "trophy home mansions are successfully marketed in multi-property auction venues, as well as residential, commercial and mixed-use properties. Recently, Sheldon Good & Company conducted auction programs on behalf of a Tuxedo Park Tuxedo Park may refer to:
  • Tuxedo Park, New York, U.S.
  • Tuxedo Park, Calgary, Alberta, Canada
See also
  • Tuxedo (disambiguation)
 castle-like estate, prized townhomes in the East 60's, trophy homes in Lloyd Neck and Mill Neck; a magnificent Paul Rudolph-designed waterfront estate in Kings Point overlooking Manhasset Bay; a spectacular waterfront estate in Hewlett Bay Park; a restored grist mill in Hamptonburgh in Orange County, NY; and a former IBM research IBM Research, a division of IBM, is a research and advanced development organization and currently consists of eight locations throughout the world and hundreds of projects.  facility in Ulster, NY.

For further information, call Sheldon Good & Company Auctions Northeast at (212) 213-9770.
COPYRIGHT 1998 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Real Estate Weekly
Date:Dec 9, 1998
Words:442
Previous Article:Sales off to fast start at new Macklowe tower.
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