NEW YORK CITY—Sheldon Good & Co. has put up for auction a condominium at the Ritz-Carlton New York Residences. The sale marks a rare opportunity to participate in a round of luxury property bidding in here, as well as the first ever auction for the Ritz-Carlton New York.
The condominium features three bedrooms, three and one-half bathrooms, and offers expansive views of the city that include the Hudson River and the Statue of Liberty. The auction will be held at the Ritz-Carlton Battery Park City, at Two West St., on Sunday, April 6th.
Sheldon Good had several reasons for deploying this unusual approach, John Cuticelli, chairman, Sheldon Good Luxury Residences, tells GlobeSt.com. “Using the auction as a sales strategy for real estate is one that is accepted in most regions of the world and one SGC has specialized in for almost 50 years. The seller needed to move this property in a very definitive time frame with the most transparent process that clearly establishes market value.”
He adds, “There is no better way to establish the market value of a property than by allowing consumers to review all the factors relative to that property and their buying decision in a definitive time frame after which they would come together and bid their price.”
The 1,944-square-foot condo features floor-to-ceiling windows offering extensive natural light; three bedrooms, with one currently designed as a library; a walk-in cedar closet in the master bedroom; the five-fixture marble master bathroom complete with a double vanity, separate shower and bath; two and one-half additional marble-appointed baths with brushed nickel fixtures; a gourmet kitchen as well as a washer and dryer.
Residents of the Ritz-Carlton can partake of the five-star services offered by the hotel, including a 24-hour concierge and doorman, 24-hour in-residence dining from the extensive room service menu and access to the newly renovated 24-hour fitness center with state of the art equipment. Residences also provide full access to housekeeping services, overnight laundry and valet parking.