Bitcoin

All photos courtesy of Compass

June 3, 2021

$3.3M South Street Seaport penthouse will also accept bitcoin

To appeal to more buyers, the owner of this South Street Seaport penthouse will accept digital currency as payment. The loft-style three-bedroom home at 130 Beekman Street is currently on the market for $3,295,000 or 88 bitcoin. The apartment is the first time a Compass listing in Manhattan is available for purchase with cryptocurrency, according to the agent marketing the property, Rachel Glazer.
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Distinctive Homes

October 19, 2018

$16M Upper West Side mansion with NYC’s third-largest ballroom will also accept bitcoin

By Michelle Cohen

This 10,720-square-foot, 32-foot-wide mansion with Riverside Park as a backyard and river views was built in 1879 as part of the Upper West Side's "gold coast." When hedge fund manager Roy Niederhoffer purchased the home for $12.9 million in 2013, it had been split up into multiple units. Niederhoffer restored the six-story home to its original mansion-style glory and is now selling the home for just under $16 million. The grand home at 40 Riverside Drive is possessed of the city's third largest ballroom in a private house, and as Bloomberg reports, the seller is accepting bitcoin, as he's a fan of the cryptocurrency.
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Distinctive Homes

April 12, 2018

Upper East Side townhouse asks $30M in U.S. dollars or $45M in Bitcoin

By Michelle Sinclair Colman

Last month, New York City had its first cryptocurrency real estate closing. The next week, an owner of the Plaza floated the idea of selling a "Plaza Token" to a group of foreign investors. Now, hedge fund founder and tech investor Claudio Guazzoni de Zanett, the owner of the landmarked townhouse at 10 East 76th Street, is asking one price in US dollars and a higher value in digital currencies due to their volatility. He is willing to accept bitcoin, Ethereum or Ripple. "I’m a true believer in these networks, but it’s very volatile," Zanett told the Wall Street Journal. "They could be down 60% in two weeks."
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Distinctive Homes

Everything you need to know about cryptocurrency and real estate

NYC skyline via Pexels; Bitcoin via Pexels

April 2, 2018

Everything you need to know about cryptocurrency and real estate

By Michelle Sinclair Colman

NYC skyline via Pexels; Bitcoin via Pexels Just when you think you understand the world of cryptos, all you understand is how little you know. And when you do actually master a topic, it will change. Which is why to get you started, we've put together a 101 guide to cryptocurrencies and real estate transactions. From the technology behind digital currencies such as Bitcoin to their risks, the real estate market is ripe for potential when it comes to this burgeoning market.
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Investor group may create its own cryptocurrency to fund purchase of the Plaza

Photo via Wally Gobetz/Flickr

March 28, 2018

Investor group may create its own cryptocurrency to fund purchase of the Plaza

By Michelle Sinclair Colman

Photo via Wally Gobetz/Flickr Cryptocurrencies make the wild west look tame. Yet despite their volatility, they’re becoming more of a presence in NYC real estate. Five days ago, when we reported on the first Bitcoin closings in Manhattan, the value of Bitcoin was $8,592. It is currently $7,999. According to a CNBC report, Chimera, a group of foreign investors interested in buying the Plaza Hotel, is considering offering partial payment for the transaction in a new cryptocurrency. Chimera has proposed the creation of the “Plaza Token,” an asset-backed securitized token, to raise more than $375 million. They are being advised about this initial coin offering by a company called Securitize. “This would give cryptocurrency investors the chance to diversify into luxury real estate and receive certain concessions inside the Plaza Hotel,” CNBC reports.
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Bitcoin

$3.3M South Street Seaport penthouse will also accept bitcoin

$16M Upper West Side mansion with NYC’s third-largest ballroom will also accept bitcoin

Upper East Side townhouse asks $30M in U.S. dollars or $45M in Bitcoin

Everything you need to know about cryptocurrency and real estate

Investor group may create its own cryptocurrency to fund purchase of the Plaza

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