Sheldon Good & Company to auction 20 Waterfront Townhome Condominiums in Catskill, New York, premiere all-season recreational destination in one of the 10 “Coolest Small Towns in America”

. October 2, 2008

Eight to be sold, absolute, regardless of price; minutes from Hunter and Ski Windham Resorts in Hudson Valley vacation mecca

(New York, NY and Catskill, NY, September x, 2008) – The waterfront townhome condominiums at Catskill Creek are residences for all seasons and all reasons. Serenely and perfectly located with excellent Hudson River access, the residences offer an idyllic life gently drifting along with the creek itself, set against the broad brush of nature’s awe-inspiring majesty as a backdrop. Cradled within a wondrous community of artisans and with easy access to premier skiing and other sports activities nearby, it can be difficult to choose which pursuit to nurture on any given day. Or just to sit back, reflect and watch life drifting by on the creek.

catskill-creek.jpgIn a truly fabulous auction event, Sheldon Good & Company Auctions NorthEast, LLC (www.sheldongood.com), the New York office of the nation’s leading real estate auction company, in a developer’s sellout, is offering a truly unique opportunity to become a member of this wondrous community with the announcement of the auction of 20 Catskill Creek Condominiums at Water’s Edge in Catskill, New York. Eight of the three-and four-bedroom waterfront townhome condominiums at 37 Marina Drive will be sold absolute, regardless of price.

Originally priced to $479,000, suggested opening bids for the waterfront townhouse condominiums are from $100,000 to $150,000. A certified or cashier’s check in the amount of $15,000 is required to buy. A 10% Buyer’s Premium will be added to the final high bid price, per the Terms of Sale.

The auction will be held Saturday, November 1st at the Teaneck Marriott at Glenpointe, 100 Frank W. Burr Blvd, Teaneck, NJ at 12 noon; registration begins at 11 a.m.

Steven L. Good, Chairman and CEO of Sheldon Good & Company Auctions, Inc., said: “This fabulous auction event offers a truly unique opportunity to become a member of the wondrous Catskill community, and better yet, offers the chance to name your own price on a brand-new waterfront home that is ideal as a vacation home, weekend getaway, or even a full-time residence.”

Mr. Good added: “The condominiums at Catskill Creek are everything you want for a four-season, active lifestyle. Located in the vacation mecca of the Hudson Valley, the Catskill Creek condominiums are minutes away from premier skiing at Hunter and Ski Windham Resorts, five golf courses, boating, hiking, fishing, famous festivals and the crossroads of New York State Thruway Exit 21 and
Route 23. If you like either an active or laid-back lifestyle and an affordable access to the serenity of the Hudson Valley, these condominiums are for you!”

Lawrence B. Samberg, Managing Director of Sheldon Good & Company Auctions NorthEast, said: “Our auction of the Catskill Creek Condominiums provides a rare opportunity to acquire an affordable foothold in the Catskills. By the way, Catskill was named by Frommer’s Budget Travel Magazine as among the ‘10 Coolest Small Towns’ across America, and the fabled Hudson Valley community, where lifestyle and recreational pursuits include a winter wonderland of skiing and year-round seasons of active lifestyle and rich culture.”

About the Catskill Creek Condominiums at Water’s Edge townhomes:

The townhomes offer Hudson River access, two-and-a-half or three baths, master bedroom suite and balcony with river and marina views, spacious open floor plans, 1-2 car garages, rear patio, 40 foot dock space available and outdoor heated pool.

Floor plans:

There are five spacious floor plans available, all of which have bright, open designs, fabulous river views, and attached one- or two-car garages. Expertly built for years of enjoyment, many of the homes were designed to be energy-efficient and are New York State ENERGY STAR rated.

Amenities, amenities, amenities:

Many of the residences are flush with a significant number of amenities, which include custom kitchens with premium stainless steel appliances, fine cabinetry, Corian ® countertops, fireplace with marble trim and mantel, luxurious master suites with whirlpool tubs and separate showers, private balconies and patios and plush carpeting. Upgrade packages including hardwood floors are available.

Sample available residences:

Res no. beds/baths Total sq. ft. Orig. price Sugg. opening bid Taxes

1 3/2.5 1,734 $279,900 $100,000 $3,898

2 4/3 2,030 $299,900 $100,000 $4,088

12 3/2.5 2,614 $399,900 $150,000 $4,379

13 3/2.5 3,191 $439,900 $150,000 $4,676

14 3/2.5 3,211 $439,900 $150,000 $4,676

18 3/2.5 3,336 $479,900 $150,000 $4,900

Inspection dates: are from 11 a.m.- 3 p.m. on October 4th, 5th, 11th, 12th, 18th, 19th, 25th and 26th. The purchase of a Bidder’s Information Packet is required in order to buy at the auction, and must be received three days prior to the auction.

About the Catskill lifestyle:

Writing in Budget Travel, reporter Laura MacNeil noted: “These towns all have fewer than 10,000 people, but they rival larger cities when it comes to good food, culture and quality of life.”

Catskill’s natural beauty was so profound that it inspired the founding of a school for landscape artists. Catskill is home to the former residence and studio of Thomas Cole, founder of the Hudson River School of landscape painting. After the historic music festival which defined a generation in nearby Woodstock, Catskill is once again attracting artisans, craftspeople and musicians, including those who covet its affordable Victorian homes as well as for the area’s laid-back surroundings.

Interviewed by Hudson-Catskill Newspapers, Budget Travel’s Laura MacNeil told reporter Colin DeVries that she fell in love with Catskill while researching her story. “I loved that town,” she told the newspaper. “I was taken by the sense of community that I saw.” MacNeil took note of Catskill’s shops and restaurants that added to the village’s character and also noted that the architecture and scenic vistas were particularly “cool.” MacNeil also cited the burgeoning artistic movement in the town, with a large presence of art galleries and a rich diversity of shopping and dining facilities.

Outdoor enthusiasts who come to Catskill and its environs, relish in endless recreational and adventure options, from boating and fishing, to hiking, camping, golf or skiing at Hunter Mountain or Ski Windham. Spectacular waterfalls, stunning mountain vistas and miles of trails thrill visitors to the 300,000-acre Catskill Forest Preserve.

About Sheldon Good & Company Auctions LLC:
Sheldon Good & Company Auctions (www.sheldongood.com), in the past has been rated as the largest real estate auction company in the United States by a number of prestigious publications. The company has aggregate sales of over $9 billion. For further information and a Bidder’s Information Packet, which is a requirement to bid, please telephone the Sheldon Good Auction Line at 1-212-213-9770 or log onto www.sheldongood.com/catskillcreek.php

Category: Auction News

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