NYC real estate agent sells apartment for $ 15.3 million in Bitcoin (BTC)

NYC real estate agent sells apartment for $ 15.3 million in Bitcoin (BTC)

NYC real estate agent sells apartment for $ 15.3 million in Bitcoin (BTC)

Ben Shaoul, the owner of a real estate company in New York City, has sold an apartment on the Upper East Side for $ 15.3 million in Bitcoin ( BTC ). This reported The Real Deal on 10 November.

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.

 

About Viktor Sokolov 163 Articles
Nerd, entrepreneur & coffee aficionado. Believes that blockchain infrastructure and bitcoin will be the money system of the coming decades. Trying to make visible what this means for technology, economy, companies and societies.

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