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Real Estate Deal Takes Effect

Bapple Real Estate in Soho closes

Nolita rental deal wholly paid for in BTC

New York, NY – Bitcoin Center NYC and Bapple Real Estate



The deal was signed on Monday, March 24, 2014 for an apartment located in the Nolita section of Manhattan. The lease start date is April 1, 2014.



The client works for a technology startup and is a Bitcoin investor-entrepreneur. Upon an offer to do so, the landlord accepted Bitcoin as payment.



Because it was done in Bitcoin, the deal was fast, simple, and inexpensive – only a standard real estate broker fee applied. Had the transaction been done in U.S. dollars, fees and delays attendant with certified checks and wires would have applied. Mr. Goolsby noted that, generally speaking, these fees and delays would be compounded when the client is a foreign national.







“The deal was easy for my client and thrilling for me to execute knowing that it was being done using revolutionary technology we’re all hearing about,” said Mr. Goolsby. “It also showed that Bitcoin, despite it being an emerging technology, is already out there. People have Bitcoin and they are willing to use it when an attractive opportunity to do so arises.”



[Disclosure: Bitcoin Center NYC founder Nick Spanos is the broker of record at Bapple I LLC.] jointly announced today that licensed agent Jeff Goolsby recently signed leases on what the firm and center believe to be the first real estate deal fully executed in Bitcoin in New York and the country.The deal was signed on Monday, March 24, 2014 for an apartment located in the Nolita section of Manhattan. The lease start date is April 1, 2014.The client works for a technology startup and is a Bitcoin investor-entrepreneur. Upon an offer to do so, the landlord accepted Bitcoin as payment.Because it was done in Bitcoin, the deal was fast, simple, and inexpensive – only a standard real estate broker fee applied. Had the transaction been done in U.S. dollars, fees and delays attendant with certified checks and wires would have applied. Mr. Goolsby noted that, generally speaking, these fees and delays would be compounded when the client is a foreign national.“The deal was easy for my client and thrilling for me to execute knowing that it was being done using revolutionary technology we’re all hearing about,” said Mr. Goolsby. “It also showed that Bitcoin, despite it being an emerging technology, is already out there. People have Bitcoin and they are willing to use it when an attractive opportunity to do so arises.”[Disclosure: Bitcoin Center NYC founder Nick Spanos is the broker of record at Bapple I LLC.]

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