Arthur Becker- Real Deal Recap

In an interview with The Real Deal, Arthur Becker talked about planning an eight-unit building at 465 Washington Street in Tribeca. This new condominium project will be an eight-unit building at 465 Washington Street in Tribeca and is reported to have a projected sellout of $52.5 million. According to NYMag.com, when this project is completed, it will have one penthouse duplex and seven simplex apartments ranging from 2,000 square feet to 4,000 square feet. Prices will range from $2,200 per square foot to $3,200 per square foot. Units will ask between $5 million and $14 million for the penthouse. Becker bought the 465 Washington building in 2012 for $6.1 million from Peter Moore, who was facing a foreclosure suit after defaulting on a loan. Becker will expand this five-story building to 10 stories. The project will take two years to construct and he is very optimistic about the deal.

For those of you who don’t know about Arthur Becker, he is a tech mogul who has invested in some of the biggest deals and is now a developer in New York. Arthur was born on 1950 in Brooklyn, New York. He graduated from Bennington College in 1969 studying fine arts. He then went to business school in Dartmouth. Becker began his career as a homebuilder in New England. He then operated a macadamia orchard in Hawaii before gradually moving into tech and finance. He became CEO of two technology companies. Arthur Becker was CEO of NaviSite from 2002 through 2010 and then began investing. In New York, he has invested in projects in Redhook, Tribecca, Third Avenue, Chelsea Tower and Townhouses on Sixth Avenue, Sullivan Street, and Steinway at 57th Street, the tallest residential project in New York City. He is also still very passionate about art and photography. He truly is the renaissance man of today.

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