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Rich Cribs: An auction for Old Westbury estate, and more

GIDDY UP! There’s a 70 percent discount off

GIDDY UP! There’s a 70 percent discount off the last asking price of this seven-bedroom estate Old Westbury that once belonged to the family of jockey and thoroughbred horse breeder Albert C. Bostwick, Jr. “A group of foreign investors paid $13.3 million for it, finished the subdivision, had it on market for $17,750,000, and now they want to liquidate and bring the money overseas,” says broker Richard Maltz. The place is now up for auction with a starting bid of $4.9 million, although offers are subject to seller approval. The house, which needs restoring, has 18 rooms, including a library, a salon, seven bathrooms and two half-baths. Annual taxes are $186,000. The 21.05-acre property in the East Williston school district has been approved for a four-lot subdivision. “It’s subdivided but no infrastructure is in, so somebody could still buy it as an estate,” says Maltz, vice president of the real estate auction division for David R. Maltz & Co., Inc. The live, off-site auction begins at 11 a.m. Nov. 18 at New York LaGuardia Airport Marriott Hotel Photo Credit: Prudential Douglas Elliman Real Estate

GIDDYUP! The owners of a seven-bedroom estate Old Westbury that once belonged to the family of jockey and thoroughbred horse breeder Albert C. Bostwick, Jr. is trying to auction off the property.

“A group of foreign investors paid $13.3 million for it, finished the subdivision, had it on market for $17,750,000, and now they want to liquidate and bring the money overseas,” says broker Richard Maltz. The place is now up for auction with a starting bid of $4.9 million, although offers are subject to seller approval.

The house, which needs restoring, has 18 rooms, including a library, a salon, seven bathrooms and two half-baths. Annual taxes are $186,000. The 21.05-acre property in the East Williston school district has been approved for a four-lot subdivision.

“It’s subdivided but no infrastructure is in, so somebody could still buy it as an estate,” says Maltz, vice president of the real estate auction division for David R. Maltz & Co., Inc. The live, off-site auction begins at 11 a.m. Nov. 18 at New York LaGuardia Airport Marriott Hotel, 10205 Ditmars Blvd., East Elmhurst. For details, click here.

INDULGE YOURSELF. If you lived in this 14-room estate in Head of the Harbor, you could go on a fairy tale date without leaving home. “It has a movie theater in it, which is very unique, with double wood doors like you’re going into a treasure chest,” says listing agent Bonnie Glenn of Coach Realtors.

“It’s called King Arthur’s Theater, and there are swords on the ceiling and walls … They’re built-into lighted display areas in the theater.” After the movie, it’s OK to indulge at the home’s private lower-level ice cream parlor -- there’s a gym, there, too, where you can undo the damage. There’s also an indoor pool and spa. The five-bedroom, 5½-bathroom home has walls of glass with panoramic water views. The 2.07-acre property on Stony Brook Harbor includes its own dock and a resort-style yard with gunite pool. The place has been listed since August for $8.2 million. Annual taxes are $36,555.

OLD AND NEW. On the market for $15.5 million, this gated 1923 Georgian estate was meticulously restored and thoughtfully updated, says listing agent Anna Alyskewycz of Prudential Douglas Elliman Real Estate. “It has the charm of yesteryear and the conveniences of today," she says.

"They restored it to its original grandeur, truly." For instance, two to three layers of old paint were painstakingly removed from the dining room walls to reveal the original wood paneling underneath. A 14,000-square-foot wing was added in 2004, which includes a 17-seat movie theater – but the wing was built to match the opposite wing to preserve the appearance of the home’s exterior.

“It has complete symmetry,” says Alyskewycz. The six-bedroom home,  has a new kitchen, a ballroom, a wine cellar, a gym and eight fireplaces. There are seven bathrooms and five half-baths. The 7.17-acre property includes a pool and poolhouse, a tennis court, two cottages, a nine-car garage and a four-car garage. Annual taxes are $85,818.

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