![321 West 44th Street, an iconic building in New York's Hell's Kitchen neighbourhood, was sold at one third of the price investors bought it for in 2018, a 67% discount. Photo via Instagram/W42st 321 West 44th Street, an iconic building in New York's Hell's Kitchen neighbourhood, was sold at one third of the price investors bought it for in 2018, a 67% discount. Photo via Instagram/W42st](https://images.investmentofficer.com/cdn/ff/boDZARW84YjFG5NPFE80xxD8R7tKO3EoQUCpRruha68/1720445065/public/styles/large/public/2024-06/Screenshot%202024-06-20%20at%2010.42.36.png?itok=Xxf3g8Jq)
European family offices are taking advantage of falling US real estate prices, seeking opportunities in prime office spaces and “trophy assets” despite market instability.
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