There’s no doubt that real estate investors who do well in the highly competitive New York market have a keen combination of market savvy, a great sense of timing, and the ability to stay on top of current trends.
A Keen Market Sense
Arthur Becker is a real estate mogul who got into this heady market after making wise investment choices in Silicon Valley in the early 2000s. The startups he funded back then did well, and with that success he was eventually able to move into the New York real estate scene. Somewhere along the line, he met and married designer Vera Wang. Though they are now separated, they undoubtedly shared a love for art that keeps Becker creatively fueled to this day.
In his home in New York, he houses his own art collection, with valuable pieces acquired over the years. He also has a working art studio, which is a place where he works out his own creative visions. With all of this he continues to work his investment magic on the New York real estate scene.
Becker’s most recent project is a condo building at 564 Washington Street. It’s the first project Becker has been involved in since the very beginning, and it’s priced at $52.5 million. Prior to this project, he acted as a silent investor in other major condo projects, including the 10 Sullivan Street building. He partnered with Michael Stern and Robert Gladstone on that project, which was a major success for Becker. The partners traded three adjacent properties (https://therealdeal.com/2016/08/30/tech-mogul-arthur-becker-gets-trio-of-townhouses-for-stake-in-soho-project/) to him for his share in the condo building, and Becker plans on living in one of the buildings while selling the other two. Before 10 Sullivan Street, he partnered with Stern and Kevin Maloney on the condo at 111 W. 57th Street at Billionaire’s Row. The success of all of these projects points to Becker’s great instincts as an investor.
Going forward, Arthur Becker plans on continuing his success, and there’s no doubt his keen instincts on the market there will serve him well.