Arthur Becker has been responsible for silently financing some major developers including Kevin Maloney, Michael Stern and Robert Gladstone. Now he is developing his own condominium project. He is planning an eight unit building and is projecting his sellout at $52.5 million.
According to angel.co, once the project has been completed there will be seven apartments and a penthouse. The units will range from 2,000 up to 4,000 square feet. The estimated selling price will be $2,200 to $3,200 per square foot. This makes the selling price between $5 and $14 million.
Becker purchased a building from Peter Moore in 2012 after Moore had defaulted on a loan. The price was $6.1 million and the idea was to expand the structure from five to ten stories. Becker additionally purchased the rights to the adjoining unit. In New York City alone Becker has invested $550 million in different projects.
Becker additionally has a high profile project involving row condos. A sales gallery has already been put together by the developers but Becker feels it is too early to begin selling the units. He also financially backed PMG and Madison Equities for another condo development project and now owns three adjacent condos.
Arthur Becker was born in 1950 and grew up in Brooklyn, New York. He currently works and resides in New York, New York. Becker earned his Bachelors Degree in photography and ceramics at Bennington College. He attended Dartmouth and started working in New England moving 18th century homes. Additionally he was the CEO of two companies based in technology.
Becker went back to working in photography in the late 1990’s with the goal of creating images of photographs that included texture and was fairly common in paintings. More recently he has been focusing on currency and exploring the meaning of money in relationships. Becker’s work has been on exhibit at the Hal Katzen in New York, the Art Basel, Arcature Fine Art in Palm Beach, Florida as well as Morgan Walker Fine Art.
Check out his website arthurbeckerstudio.com.
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