It’s no mean trick to see an investment opportunity in a series of young startups, but that’s just what Arthur Becker did back in the early 2000s. Back then Becker was a stock professional at Bear Sterns, and his investment in those startup companies lead him to a place where he could enter another profession: real estate investment. Right now Becker is looking at an upcoming sale, priced at $52.5 million, of his first “from the ground up” property as a real estate investor. That property is the 8-unit luxury condo building at 564 Washington Street in New York, and when it sells, he plans on continuing his impressive lucky streak.
A Life in the Arts
According to Huffington Post, Arthur Becker hasn’t just had a life in finance. He’s been married for 20 years (though they are now separated) to designer Vera Wang. His home is filled with impressive works of arts, and he has a working art studio in his home, too, where he spends time producing his own works. This passion for his work goes side by side with his desire to make real estate investments that are successful and profitable too.
A Silent Backer
Becker’s history in real estate includes his involvement in many highly successful ventures that he backed as a silent partner. These include the 10 Sullivan Street luxury condo development, which he financed with Michael Stern and Robert Gladstone. One of his first deals was the condo on Billionaire’s Row, at 111 W. 57th Street. In that deal, Arthur Becker partnered with Michael Stern and Kevin Maloney. All of these projects have done well, and the future looks bright for more projects going forward. There’s no doubt Becker got into the market at a fortuitous time, but with these successes, why quit now? The future undoubtably is bright for Becker.