Long Island’s 127-room Oheka Castle heads to auction with $63.5m debt
Oheka Castle, the largest residence on Long Island, will be auctioned on 27 October. The mansion, designed in 1919, is burdened with over $63.5 million in debt. Since its purchase in 1984, the current owner invested about $50 million in restoration efforts. The property also has development potential with approved plans for 95 luxury condominiums. Prospective buyers must provide a $750,000…
We haven't written up this one. Times of India has the full story — the link below goes straight to it.
