Seller of NY $16M Mansion Ready to Accept Bitcoin

Roy Niederhoffer, founder and president of New York-based hedge fund R.G. Niederhoffer Capital Management, is ready to accept Bitcoin for a $15.9 million mansion, Bloomberg reports. He bought the house in 2013 as a temporary solution until he finished a long-term building project to renovate a property in Manhattan.

In fact, as Niederhoffer puts it, he was about to continue living with his family in a rental but decided to buy the mansion on Riverside Drive because he had admired the house for decades. He bought all three units of the house for about $12.9 million.

Photographer: Alex Lucaci (Photo via Bloomberg)

As of today, his renovation project is ready, and Niederhoffer wants to sell the mansion. The property encompasses a 10,720-square-foot, 32-foot-wide house, which the hedge fund manager plans to place on the market via Douglas Elliman Real Estate. Niederhoffer will be assisted by NY realtor Cathy Taub of Sotheby’s International Realty and Dexter Guerrieri and Nicole Kats of Vandenberg. The mansion can be bought for $15.9 million, and Niederhoffer says he accepts either USD cash or the equivalent in BTC.

“I’m a big believer in Bitcoin. I really am so bullish on it, and I want to own more of it,” he says.

If someone wants to buy the house with Bitcoin, Niederhoffer is ready to cover his share of deal costs in cash.

“Whatever the obligations and brokers fees are, I would pay in cash and keep the Bitcoin,” he added.

The house is located on the northeast of Riverside Drive, Manhattan, and has a view of the Riverside Park, New Jersey, and the Hudson River. It was designed by architect Clarence True, who lived in the 19th century.

Photographer: Alex Lucaci (Photo via Bloomberg)

Last year, Texas hosted the first real estate sale and purchase agreement using Bitcoin. Kuper Sotheby's International Realty was the company to handle the sale for the recently-built house located in Austin.