Real estate tycoon Ben Shaoul has sold a retail condo in Manhattan’s prestigious Upper East Side for $15.3 million in Bitcoin (BTC). The news was reported by New York real estate magazine The Real Deal on Nov. 1.
Luxury properties increasingly bought and sold for BTC
Magnum reportedly went into contract with two other buyers in the same building using Bitcoin in 2018 — one for a 624-square-foot studio at an asking price of $875,000 and the other a 989-square-foot one-bedroom at $1.48 million.
Another of Shaoul’s residential developments had been listed with an option to purchase using Bitcoin but was eventually sold for cash to Bronx-based investor Martin Shapiro last year for $82 million.
A current listing for a $29 million property on the Upper East Side, marketed by Corocan, notes the seller will “accept payment in Bitcoin, Ethereum, or Ripple.”
Use Bitcoin to buy a 19th-century English church
A 150-year-old English church was listed for sale at $1.5 million, either in Bitcoin or fiat currency.