The Grand Condominium by Arthur Becker

Arthur Becker is a tech mogul. He has invested his money in a condominium project. He is planning to build an 8-unit condominium at 465 Washington Street, Tribeca. The sellout of the project is estimated to be $52.5 million. Arthur did an interview with the Real Deal, https://therealdeal.com/2017/03/28/the-condos-beckon-arthur-becker-going-it-alone-on-tribeca-boutique-project/. He said that the project would be an artisanal boutique with Paris Forino as the designer of the interiors. Arthur Becker started his career as a homebuilder. He stated that he bought the project as a primer. He added that he liked Tribeca section and that it is manageable.

The 465 Washington will comprise of one penthouse duplex and seven simplex apartments that range from two thousand square feet to four thousand square feet after its completion. The prices of the apartments will be between $2,200 for every square foot to $3,200 for each square foot. The price of the penthouse will range from $5 million to $14 million. Arthur Becker purchased the 465 Washington in 2012 from Peter Moore at the cost of $6.1 million. Becker purchased development rights from an adjacent building owner at 471 Washington for an undisclosed sum in order to expand the 5-storey project to ten stories.

Arthur Becker paid for a 30-foot easement for approximately $1 million from the Ponte Family who are the owners of 502-506 Canal Street according to property records. Arthur Becker has investments worth $550 million in projects at New York City according to the Real Capital Analytics. He was once a financial backer with Madison Equities and PMG condo development at 10 Sullivan Street. According to Curbed.com, Arthur is also one of the investors who purchased and sold the assemblage at 251-259 Third Avenue, Gramercy.

Arthur Becker is the CEO of the Zinio, LLC. This is the biggest digital newsstand in the world. Becker served as the chief executive officer at NaviSite before going to work at Zinio. Arthur Becker is a former senior advisor working for the Vera Wang Company. He held this position for seven years. He is a member of the Madison Partners NYC in real estate and technology. Arthur Becker is known as a successful investor who has made wise managements in the course of his career.

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