A Summary of Arthur Becker’s Soho Investment

Arthur Becker is a tech investor who has recently begun investing in real estate. Becker has invested since 1999. He served as Chief Executive Officer (CEO) for Zinio LLC. Arthur was also CEO of NaviSite Inc. from 2003 to 2010. He co-founded Atlantic Investors LLC. and has been the President or Chairman to multiple other companies. This article describes the district Arthur has chosen to invest in (Soho), as well as describing the properties.

For his first real estate project, he invested in a town house project in the Soho district of New York. According to Therealdeal.com, Soho includes many art galleries and similar places, making these townhouses a nice addition to the area. Becker invested in 10 Sullivan Street for a while and recently assumed ownership of 30, 40, and 50 Sullivan Street, which are three blocks of the same building. He acquired this property through trading his stock in a different condominium development. He traded the stock because he saw the townhouses could bring larger returns for his investment. Becker plans to live in one of the townhouses, selling or leasing out the other two. The properties’ construction completed near the end of 2016.

NY Daily News describes these townhouses to feature a back yard, which is uncommon within New York, as well as a private internal elevator, Danish oak floors, and an exercise room. The townhouses are a massive and roomy 6,500 square feet. They are the very definition of luxury homes and have many more excellent features, such as a terrace for the master bathroom. Sullivan Street is within the Soho district, which is one of the most prestigious neighborhoods in New York. Because Arthur has these three properties, he could easily rent them out for quite a bit of money, allowing him to rapidly spread further into the world of real estate in New York.

Reference: https://www.bloomberg.com/profiles/people/5526418-arthur-p-becker

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