Arthur Becker recently purchased the property located at 465 Washington Street in New York with one big goal: to make the leap from backer to mogul in the cutthroat real estate game. Arthur Becker may seem like an unassuming person at first glance but his track record as an investor, tech mogul, and real estate backer is fascinating. Let’s take a look at the man Arthur Becker is and the real estate legend he is hoping to become.
According to The Real Deal, it all starts with taking a long look at Becker’s career arc. He made his first fortune while working as a stockbroker for Bear Stearns back in the early ’00s. Becker bought and sold tech companies before striking it rich. Becker was amazing at what he did but his fulfillment wasn’t all there. The soon-to-be real estate mogul knew what he wanted to do. However, the path to getting there was a winding one that would flesh out who Becker has become.
A look at Becker’s investment portfolio can reveal a whole list of surprising and successful investments. Becker has had his hands in on several investments ranging from macadamia nuts all the way to custom binoculars that were simply called ‘Bnox’. Now each investment tells its own story but some are for more profitable than others. For example, Becker was able to sell his share in the macadamia nut farms to Mrs. Fields — quite the handsome return on investment. From there we have seen that Becker has sort of revolved around the world of finance. He’s bought and sold ancient currency, mostly from Nigeria and Cameroon, while also creating his own custom sculptures out of actual money. These sculptures have been bought by all manner of financial big wigs in New York. Finally Becker became a silent money man for the real estate market in New York and now it is his time to shine.
Becker purchased the property at 465 Washington Street with the aim of building a ground – up boutique condo building. There will be eight units and each one will be a marvelous blend of art and upscale luxury. Right now the building is expected to be sold for nearly $52 million when all is said and done. Visit Bloomberg to know more.