Mogul Arthur Becker Decides to Invest and Develop a Condominium Project in Tribeca

Arthur Becker has contributed money to projects like Kevin Maloney, Michael Stern, and Robert Gladstone. However, he wants to participate in a condominium project called 465 Washington Street based in Tribeca. The project consists an eight-unit building, as well as a sellout of $52.5 million. Becker cited that he bought the condominium as a primer and because he liked that section of Tribeca, which was easier to manage.

465 Washington Street

465 Washington Street will involve seven apartments and a single penthouse duplex that ranges from 2,000 to 4,000 square feet. Further, the cost will be between $2,200 to 3,200 per square foot. Moreover, the penthouse will cost between $5 million and $14 million.

In 2012, Arthur Becker bought 465 Washington Street from Peter Moore for $6.1 million. Becker purchased development rights from 471 Washington, a nearby building, to expand the five-story building to ten stories. He also paid the Ponte family more than $1 million to get a 30-foot easement.

Other Involvements of Arthur Becker

Becker invested in many New York City projects that amount to $550 million. Further, he has an outstanding reputation as a financial backer in Property Markets Group and JDS Development Group. Becker was also a financial backer of the condominium development of PMG and Madison Equities at 10 Sullivan Street. He exchanged his shares to assume ownership of the three neighboring townhouses at 30, 40, and 50 Sullivan.

Arthur Becker

Arthur Becker is the Managing Member of an investment firm that deals with real estate and early stage Bio Tech Ventures called Madison Partners LLC. Before that, Becker was the Chairman and chief executive officer of Zinio, LLC.

According to NY Daily News, before joining Zinio, he served as the CEO of NaviSite, a firm that offers Internet technology services. NaviSite has offices in the United States, India, and the United Kingdom. Arthur also worked at Vera Wang Fashion Company where he served as a senior advisor. Arthur studied at Bennington College where he earned a degree in Arts. Further, he specialized in ceramics and photography. Becker also attended Amos Tuck School of Business.

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One thought on “Mogul Arthur Becker Decides to Invest and Develop a Condominium Project in Tribeca”

  1. There are few properties like this to invest in and I think the ideas of crowd funding has made more open ones available to more people. While rush essay writing services has been able to gain so much control of the matter. I think there should be new concerns about who would make such knowledge count because of the skills involved.

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