Long Island's Oheka Castle, burdened by $63.5M debt, heads to auction

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Long Island's Oheka Castle, the area's largest residence, will be sold at auction on October 27. The property carries a debt burden exceeding $63.5 million. Its current owner has invested approximately $50 million in restoration since purchasing it in 1984. The estate has approved plans for a 95-unit luxury condominium development, adding to its value.

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