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NYC Real Estate to Record a Bitcoin-Exclusive Deal
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cryptonews.comDevelopment and property management firm Magnum Real Estate Group is selling a set of retail condos in New York City for USD 29m exclusively in bitcoin (BTC), the latest sign that BTC is gaining wider adoption among various industries.
The NYC property, located at 385 First Avenue in the upper East side of Manhattan, consists of three retail condos totaling 9,000 sq. f. (800 sq. m) with a fully rented-out retail bottom floor, Yahoo! Financefirst reported.
“There’s a demand for real estate and there’s nothing being offered to the holders of crypto,” said Ben Shaoul, managing partner of Magnum Real Estate Group. "Our idea is to offer something that’s unique and try to pair the holders of crypto with those who want to sell real estate."
With
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