People that have successfully invested in the real estate sector will tell you that when it is done in the correct manner, it is one of the best vehicles to success. Arthur Becker has been investing in real estate for a number of years now and his current success is enough evidence that it is possible to make a fortune out of real estate as long as you know how to. The most recent deals that he has been part of are the acquisition of three townhouses that stand side by side on Sullivan Street. He had to give up his stake in another condominium development within the same neighborhood in order to get this deal.
The real estate property that he has purchased was part of a development that had been made by Madison Equities with the help of properties market group. There are previous records that show that the property had been purchased at a cost of 30.5 million dollars in 2012. After some time, the lot was subdivided into smaller units and the company got their approval to construct four storey houses on the plots.
The time that it will take for the project to be completed has been estimated to be about 3 months. The developer plans that he will live in one of the units, and then he will lease or sell the other two. The one he plans to live in has a smaller backyard than the others, which is why he has chosen to keep it as opposed to selling. There is another house that was part of the development, but was not claimed by Arthur. The last time that this unit was in the market, it had a $20million asking price. This dropped to $18.5 million before the property was taken off the market altogether.
Arthur has made quite a fortune in real estate. He owns a company by the name of Atlantic Investors, LLC. The company has been transacting real estate property in New York and they have a capital base of more than$500 million. He was genuinely amazed at how the investment had turned into a great venture almost overnight. He is a truly inspirational entrepreneur. https://www.crunchbase.com/person/arthur-becker#/entity