The auction sale does not include state-required licenses to operate the facility as a nursing home. The property consists of two connected buildings. Building A accommodated 24 residents and consisted of 20 rooms and 24 beds. Building B accommodated 64 residents in two nursing units. Unit one had 12 rooms and 24 beds, unit two had 21 rooms and 40 beds.

Sheldon Good officials add that the property, which was originally built as the Macy estate, is ideal for high-density development such as single-family homes, townhouses or an apartment building. Other uses might include senior housing, not-for-profit offices, sports and activities centers, they add.

Another notable parcel that will be put on the auction block at the Dec. 18 event is a 111-acre development site in Roxbury, N.J. that was originally on the conventional market for sale at $5.5 million. The property is zoned Light Industrial/Office Research. The property is being sold without reserve, subject to a minimum bid of $1.25 million. A certified or cashier's check in the amount of $125,000 is required to bid on day of auction, Sheldon Good officials note.

Sheldon Good's Director of Business Development Larry Samberg relates that some of the uses that could be developed at the Roxbury parcel include: professional offices, business offices and research facilities, manufacturing limited to assembly of finished components, packaging of finished products, fabrication of clothing and apparel, mini-warehousing/self-storage facilities, child care centers and essential services from office to industrial to assisted living. The property is located east of the International Trade Center, one of the state's largest and most successful business parks.

Rounding out the properties slated for sale at the auction are one and two- bedroom cooperatives in Yonkers, the Bronx, andStaten Island. Also, a two-family Brooklyn residence, a three-family home in Newark, NJ and a single-family home in New Britain, CT will be auctioned.