"The dollar, more than anything else, drives international sales, and because it remains weak globally, New York is still a good deal for many buyers ...
In recent years, much of the new development in Midtown, whether large projects like the Setai Fifth Avenue, a 60-story hotel-condo, or smaller ones like the Centurion, with 48 apartments, has been directly marketed to foreigners. Centrally located iconic buildings like the Plaza also do well with this market."