David Dinkins

First Bitcoin Real Estate Transactions in New York City in Process

Real estate transactions involving Bitcoin have surged over the last year, but the first NYC condo sale in Bitcoin is taking place right now.
First Bitcoin Real Estate Transactions in New York City in Process

Two condos in New York City are being purchased with Bitcoin, in what is believed to be the first Bitcoin real estate transactions in the city. The two condos are at 389 East 89th Street and are under contract for $875,000 and $1.5 mln. The real estate developer will be utilizing BitPay to facilitate the transaction, and will immediately receive his selling price in dollars. Many sellers across the country have made headlines by listing their homes for Bitcoin, but such sales make up only a tiny percentage of real estate transactions.

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