The Sky isn’t the Limit: Arthur Becker Aiming for the Sky with his $53M Condo

According to Ideamensch, Arthur Becker is going through a new phase in his life, transitioning from being an investor to a full-fledged developer. From his humble beginnings as a homebuilder, to a macadamia orchard operator and then into tech and finance, Arthur has shown incredible growth and advancement in his lifetime.

It’s no surprise that you have big names such as Michael Stern, Kevin Maloney and Robert Gladstone, who are big time developers being linked to his name. But having been successful in helping others make a name for themselves, it has reached a point where he also wants a piece of the real estate industry cake. His most recent project, the 8-unit building at 465 Washington street in Tribeca has all the makings of a grand project. Info sourced from Curbed.com.

Firstly, its $52.5 million budget is a record-breaking investment in the region. The fact that Paris Forino, a celebrated designer, will be in charge of the interior decor is also another cause for excitement.

In a recent briefing, Becker opined that he bought 465 Washington as a primer at $6.1 million from another developer, Peter Moore, but the moment the investment goes through to completion, he knows that he will rake in good money from it.

Once it’s done, 465 Washington will comprise of seven simplex apartments, and one penthouse duplex, ranging from 4,000 square feet. The price points for the units will range from $2,200 per square foot to $3,200 per square foot.

About Arthur Becker

Arthur Becker is the Chairman & CEO of Zinio. Prior to this role, he served as the CEO of Navisite, a company that offers technology and application management service to customers in the US and UK. He has also worked as a senior advisor to the Vera Wang Fashion company for 7 years.

Arthur has been an ardent investor for Madison Partners in New York City, and sources from Real Capital Analytics say that his investments to date could be worth $550 million. Among his highlight in the real estate industry is the sale of an assemblage at 251-259 Third Avenue Gramercy, which they sold to Alfa Development for a whooping $70 million.

Reference: https://therealdeal.com/2017/03/28/the-condos-beckon-arthur-becker-going-it-alone-on-tribeca-boutique-project/

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