A $15.3 million luxury property in Manhattan sold for Bitcoin

A $15.3 million luxury property in Manhattan sold for Bitcoin

Blockchain
November 11, 2019 by cryptorolling.com
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U.S. real estate tycoon Ben Shaoul sold a $15.3 million apartment building in Manhattan, but instead of the traditional currency, the deal was made in Bitcoin. This is what Cointelegraph writes with reference to the industry edition The Real Deal.
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The house with a total area of 1059 sq.m. is located in the most respectable part of Manhattan Upper East Side.

Ben Shaoul, who is president of Magnum Real Estate Group, declined to comment, but a source familiar with the details of the deal said that the buyer of the facility was a Taiwan-based firm Affluent International LCC.

In addition, Eric Hedwat, a broker at Jet Real Estate, who represented Magnum Real Estate Group in the transaction, described the transaction as “an exceptionally smooth process”.

Another Ben Shaoul property had previously been offered for sale with an option to pay in Bitcoin, but was eventually sold for $82 million in hard currency.

It is also reported that, in addition to the Magnum Real Estate Group, the cryptocurrencies – Bitcoin, Ethereum and Ripple – are taken over by another company from New York City. The $29 million facilities are also located on the Upper East Side.

As a reminder, at the end of 2017, the first sale of two elite houses for Bitcoin was reported by British developer Go Homes.

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