Shaoul, whose company is Magnum Real Estate Group, sold its 1,059 square meters to a Taiwanese entity called Affluent Silver International LLC. The Bitcoin transaction of the sale went through Bitpay and Starr.
Magnum has previously sold apartments in the same building for Bitcoin, including one for $ 875,000 and another for $ 1.48 million in BTC.
Bitcoin and other digital currencies are largely not accepted by sellers because they fluctuate enormously in value. Yet it is increasingly being used in real estate transactions in New York. Last year, ManageGo, a Brooklyn-based rental company, announced it would accept cryptocurrency for payments.
Another townhouse is also for sale with Bitcoin. This house on 40 Riverside Drive is sold for a whopping $ 13 million.