Foreign buyers from Asia and the Middle East are shaping Manhattan’s 2025 luxury condo market. This blog highlights their preferences. Contact City Zen Realty to find your ideal property.
What They Want
- Exclusivity: High-end finishes Outdoor space. Middle Eastern buyers prefer spacious units; Asian buyers seek modern designs.
- Locations: Close to transportation, prime location, very close proximity to stores and restaurants.
- Investment: Condos that allow short-term rentals rather than those with a 12-month minimum lease requirement.
- Sustainability: Energy efficiency rating
In New York City, the Building Energy Efficiency Rating system
uses a letter grade (A-D, F, or N) to reflect a building’s energy efficiency, with a corresponding 1-100 ENERGY STAR® score
. Buildings must submit energy usage data through the Energy Star Portfolio Manager, according to the NYC Department of Buildings (NYCDOB).
Here’s a breakdown:
- A: Score of 85 or higher.
- B: Score between 70 and 84.
- C: Score between 55 and 69.
- D: Score below 55.
- F: Building did not submit required benchmarking information.
- N: Building exempted from benchmarking or not covered by the ENERGY STAR program, according to NYC.gov.
Local Law 33 requires buildings over 25,000 square feet to obtain and post Building Energy Efficiency Rating labels annually. These labels are displayed near public-facing entrances and include the letter grade and ENERGY STAR® score.
Market Trends
In newer buildings, prices often exceed $3,000 per square foot with tight inventory driving appreciation. Early action is crucial.
Disclaimer: Projections based on May 2025 trends. Consult a professional for real-time data.
Act Now
Secure your condo with City Zen Realty’s expertise. Contact us at info@cityzenrealty.com or (212) 555-1234.
