For the past several years tech mogul Arthur Becker has been slowly ingratiating himself within the New York real estate scene. Of course, most people know Arthur Becker for his high profile marriage to fashion designer Vera Wang, but the businessman has much more going on behind the headlines. Becker has taken a long and winding road throughout his career in order to become one of the biggest real estate developers in New York, and he just added a slate of projects to his itinerary. Let’s dive into Becker’s latest project which is located on Sullivan Street down in Soho.
It was reported just last year that Becker had purchased into a real estate development on Sullivan Street down in Soho. The project, which takes place on 10 Sullivan Street, is looking to become one of the best premium condo developments in town. Now Becker is doubling down on his investment by purchasing adjacent townhouses to the 10 Sullivan street project. Recent public reports showed that Becker purchased 30 Sullivan Street, 40 Sullivan Street, and 50 Sullivan Street. These locations don’t have their townhouses completely built as of yet but Becker is already promising that they’ll be finished within the next two or three months. Becker’s goal is to live in one of the townhouses while selling the other two.
Arthur Becker hasn’t announced how much he’s invested into the Soho project as of yet but financial reports from Real Capital Analytics show nearly $15 million invested. Becker’s supremely confident that the project will turn out to be highly profitable. Visit Bloomberg for more info.
Arthur Becker has taken a long and winding road to success, as we stated above, and his career is definitely worth studying. Becker first won his fortune as a stockbroker, buying and trading tech companies in the early ’00s. After striking it big as a stockbroker it was time to try something new. Since then we have seen Becker dive into a variety of different industries while trying to establish himself as an entrepreneur. Among those different industries we have seen Becker invest in custom binoculars, macadamia nut farms, ancient currencies from South Africa and more. More details can be found on Crunchbase.