Saturday, March 1, 2008

New York real estate: Chinatown

Steeped in tradition, Chinatown is one of the city's few neighborhoods to fend off gentrification, keeping its cultural fabric intact through a constant infusion of immigrants who keep the neighborhood true to its roots.

"People want to buy in Chinatown, but because there are no high-rise buildings, there aren't a lot of affordable apartments on the market," says Sherri Shang of Century 21 NY Metro, who has a large Chinese clientele. "A lot of the available buildings don't have amenities--just the apartment with the key … They don't want luxury--they just want to be surrounded by cultural things and the way of life."

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