The Real Deal New York

Chinese buyers target middle market

Seeking diversification, many investors are looking at cheaper units.

December 11, 2015 09:30AM
By E.B. Solomont

From the December issue: In recent years, Chinese buyers have snapped up some of New York City’s priciest real estate, from the $70 million penthouse at the Sherry-Netherland to ultra-luxury condos at One57.

But there’s a new wave of Chinese buyers starting to look for properties in Manhattan. And they are opting for smaller — and cheaper — units. [more]