https://www.live-feeds.com/feed/developers-buy-oheka-castle-for-72-million-at-auctionContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/developers-buy-oheka-castle-for-72-million-at-auctionhttps://www.live-feeds.com/feed/developers-buy-oheka-castle-for-72-million-at-auction#u170348Mon, 02 Nov 2026 14:45:14 +0000Developers purchased Long Island's historic Oheka Castle for $72 million at a private foreclosure auction following a Chapter 11 bankruptcy filing. Ronald Browning and Paul Alflen of Gold Coast Property and Estate Management won the bidding with a $71.8 million offer, which ultimately reached $72 million plus a buyer premium. The massive 127-room property serves as a hotel and wedding venue, and the transaction leaves scheduled weddings intact through 2028. The final auction price amounted to nearly half of the estate's appraised value after spending more than a decade in foreclosure