Japanese capital floods NYC multifamily market

Japanese investors are rapidly becoming the dominant foreign buyers in New York City real estate, and a lifeline for aging multifamily walk-ups. Japan-linked firms have acquired at least $2.1 billion worth of New York City property since the start of 2024, according to analysis by Okada & Company and TRD Data. While much of that capital has historically chased trophy office and retail assets, a growing share is now flowing into smaller multifamily deals, boosting a sluggish investment sales market. TRD’s analysis found Japanese buyers snapped up 326 multifamily units across $233 million in deals over that period. According to […] This article originally appeared on The Real Deal. Click here to read the full story.