Arthur Becker; Investor and Real Estate Mogul

Arthur Becker is an entrepreneur, investor, and executive based in New York. He attended the Bennington College where he graduated with a Bachelor of Arts degree. Becker went on to earn a Master’s degree in Business from the Tuck School of Business at Dartmouth College. He was appointed the CEO of NaviSite in 2002. The company provided an array of services such as data center hosting and cloud-based application management. The company grew into a global organization. It has offices in India and the United Kingdom. Becker led the company to a successful exit in 2011. Time Warner acquired the enterprise.

Becker has been the managing director of the Madison Technology Group since January 2001. He was made a managing member of Atlantic Investors in 2002. He is the chairman and CEO of Zinio LLC. He served as a senior advisor to Vera Wang, the fashion company. He is currently a real estate and technology investor. It has made investments in properties all over New York.

According to NY Daily News, Becker is planning to erect a building at 465 Washington Street in Tribeca. The house will have eight units. It will have a projected sellout of more than $50 million. Seven of the units will be simplex apartments, and one will be a penthouse duplex. The prices of the units will range from $2,000 to $3,000 per square foot. They could even go higher. The asking price of the penthouse will be around $15 million. That of a simplex apartment will be $5 million.

In an article on NY Mag, Becker said that it would be an artisanal and boutique building. Paris Forino would design the interior. Becker bought the property from Peter Moore five years ago. Moore is a real estate developer. He bought it at six million dollars because Moore was battling a five-million-dollar foreclosure suit. Becker bought the development rights from the owners of an adjacent building so that he could expand the apartment complex to ten stories. Becker paid more than a million dollars for an easement of thirty feet from the owners of the building. It sits at the back of his property. Becker said that he was optimistic about the sale of the units because he will be selling very few units.

Read more: https://therealdeal.com/2016/08/30/tech-mogul-arthur-becker-gets-trio-of-townhouses-for-stake-in-soho-project/