This 10-bedroom mansion in New York was offered for only $50,000, with one catch

This 6,000-square-foot, 10-bedroom Victorian mansion could've been yours for only $50,000, but there was one catch: You had to put together a restoration proposal for the historic property in order to be considered

The property has 10 bedrooms.The city of Auburn purchased the foreclosed property, and the city's Planning Department partnered with"This is not an auction, it's a contest," DeRosa told CNN.

Prospective buyers had to state their intended use of the property, the restoration project timeline and cost, and restoration plan in order to be considered

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