Arthur Becker has been in the real estate industry for a long time and is part of the Madison Partners. He and his company have funded some big projects for developers like Robert Gladstone, Michael Stern, and Kevin Maloney. He has always been in the background, and their name has not appeared anywhere. But, this is about to change. Arthur Becker has put his name on a new project at 465 Washington Street in Tribeca. In a report by The Real Deal, he is planning to replace the five-storied building with a newer eight unit building. He believes that it is something that he can easily manage. If everything goes according to plan, the apartments and luxury two-storied condos are expected to cost anything between 5 million to 14 million.
In his ideamensch interview, Arthur Becker is very careful about the real estate investments that he makes. Over the years, he and his company have spent about $550 million in different projects around New York City. In 2012 alone, he spent $6.1 million to purchase the building at 465 Washington from Peter Moore that he is transforming into a luxury building. He also purchased the 30-foot easement from the Ponte Family who held it at 502-506 Canal Street. He was also one of the biggest investors in the assemblage of the 251-259 Third Avenue to Alfa Development for a price of $70 million. His recent investments involve the Row Condo super tower at 111 Street and 57th Street where the sales are currently going on for the few remaining space.
Arthur Becker is a renowned real estate investor that has invested nearly half a billion dollars in major real estate projects in and around New York. Apart from real estate, he has an interest in digital companies. He is the CEO of Zinio which is a digital magazine platform for major publishers. He was also part of the data and cloud application solution provider, NaviSite.
Arthur Becker has been investor behind many luxurious and boutiques condos and properties. His interests also lie in micro neighborhood locations such as Tribeca to help his company move into an untapped part of real estate business.