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Auction of LI’s Oheka Castle Draws Bidders with Big Dreams
Lawrence Levy, associate vice president and executive dean of Hofstra University’s National Center for Suburban Studies, spoke to Newsday about the auction of Long Island’s Oheka Castle, which will take place later this month in Manhattan. The property has been called “a real-life Gatsby estate” and “one of the rarest trophy properties in the country.” Buyers could include hedge funds interested in developing condos, a boutique hotel chain or a catering company. “It would be broadly appealing once the economic backdrop improves in terms of being able to borrow to finance construction and purchasing,” Levy said.



