Published On: Mon, Jun 2nd, 2014

Justin Ehrlich sells his 4, 300 square feet Soho penthouse to the Winklevoss twins for $14.5 million

Ehrlich, one of New York’s most active real estate developers, took some time out for some personal business, selling to some time out and time to sell his penthouse to the Winklevoss twins, best known as being  among the founding fathers of Facebook.

 winklevoss twins Justin Ehrlich

Justin Ehrlich, founding partner at VE Equities, regarded as being  one of the most successful property developers in New York City recently sold his 4, 300 square foot penthouse situated in highly desirable Greene Street in the Soho neighborhood of Manhattan.

Although they did their best to cover their tracks, all indications point to the fact that the buyers are Cameron and Tyler Winklevoss,   who paid $14.5 million for the property.

– Stoop Restoration Justin Ehrlich

The Winklevoss twins sprang to fame and a  certain level of notoriety when they  sued Facebook founder Mark Zuckerberg for $140 million, claiming that social media giant pirated their original concept which drew to become the world’s largest social networking site.

With the money they were paid out and subsequent dividends  earned  from Facebook, the twins have gone on to become highly successful  venture capitalists, as well as being among the key players in the Bitcoin industry through their payment processor BitInstant.

According to city records,  the property buyers are  listed as Casterlirock Holdings LLC. However the giveaway is the business address provided by the Casterlirock Holdings L which just happens to be the same as  Cameron and Tyler Winkveloss‘s Bitcoin Trust.

20-greene-street-33

As far as Justin Ehrlich is concerned, he and his wife Nicole are reportedly happy to be moving on, and even finding themselves three and a half million dollars better off after buying an apartment nearby on  101 Warren Street paying just $11 million, possibly ample compensation for leaving behind their luxurious 4, 300 square feet apartment which has recently undergone major renovation and offering panoramic views over Manhattan.

20-greene-street-4

Justin  Ehrlich formed VE Equities with his close friend Zach Vella who he met when they studied together at Boston University. Vella was the first to fit his toe into the water of New York City property development, specializing in smaller projects in and around the Tribeca district of New York.

Two years after Justin Ehrlich, who had been a partner at Marlboro Equities, turned his friendship  with Vella into a  business relationship with the pair  forming VE Equities, which has since grown to become one of the largest and most dynamic development companies in the Borough of Manhattan.

Justin Ehrlich Soho penthouse to the Winklevoss twins

Read more about: , , , , , , , , , , , ,

Wordpress site Developed by Fixing WordPress Problems