This is why Arthur Becker will make a fortune from his New York Real Estate Investment Venture

Arthur Becker is a tech guru, a real estate investment mogul, and the incumbent chairman & C.E.O of the Zinio Company that distributes digital magazines. He previously served as the C.E.O of NaviSite that provided data center hosting as well as cloud-based application management to different enterprises. According to Fashionista.com, Mr. Arthur also served as a senior advisor to Vera Wang Fashion Company for seven years. In 2011, NaviSite was sold out to Time Warner and it was after this move that Arthur privately invested in technology and real estate.

Mr. Arthur Becker has completed many different technology-based projects, thereby qualifying him as a tech guru. This has helped him amass much of his fortune. However, in the recent years, he has expanded his venture and portfolio into the real estate investment platform and his entry has been groundbreaking. He currently ranks at top 10 among all the real estate investors in New York City.

His recent deal is the acquisition of three adjacent townhouses located on the Sullivan Street. The three townhouses are 6500 sq.ft and although they are not yet completed, their value is projected to increase once completion is done. This new acquisition in SoHo District adds more to Mr. Arthur’s real investment portfolio that stands out as one of his best ventures. Upon completion, Mr. Arthur intends to reside in one of the houses and lease out the remaining two to tenants intending to reside in SoHo District. It is an opportunity for the real investment mogul to have a stake in the control of property in one of the most desirable neighborhoods in the lower Manhattan. Mr. Arthur described SoHo as one of the most charming streets citing it as one of the reasons he was interested in owning the three townhouses. Mr. Arthur alongside, JDS Development Group, invested in Property Markets Group and AmBase Corp. at 111 West 57th Street, which is also in the New York City. His foray into the real investment in the New York City is projected to give him more fortune additive to the one he amassed while in the tech industry.

Read More: http://www.nytimes.com/1989/06/23/style/vera-wang-wed-to-arthur-becker.html

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