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.

Thu, 22/03/2018 - 18:53

First Bitcoin Real Estate Transactions in New York City in Process

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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.

About the author

David Dinkins

David Dinkins is a freelance writer who holds a Master of Arts in history from Louisiana Tech University and has extensive teaching experience both at LSU – Shreveport and University of Phoenix. He got involved with cryptocurrency in early 2014 working as part of the Dash Core Team and have served in the role of writer/editor (mostly editor) during that time. He has edited a huge number of documents for the Core Team, including the Evolution whitepaper, the PrivateSend whitepaper, and many of Evan Duffield’s communications with the Dash Community.