Update: I came back and it looked like it had been dead no more than 10 minutes. I briefly seared it for the dogs. I don't waste or medicate with anything other than salt.
They look cool. hunt around on MFK there is a guy that had one he bought as bait. He raised it up to 2 or 3 feet. He made it sounds like it was great little addition. If I get time I will try to find his thread. good luck, nice find.
By the way, aren't the creeks and streams of New York full of eels? My understanding was they were fairly common on the eastern sea board.