Could NYC’s market see “Mamdani discounts”?

New York City’s luxury market has been on a hot streak — but only time will tell whether that tear will survive Zohran Mamdani moving into Gracie Mansion. Even as political spin swirled over what the 34-year-old Assembly member’s successful campaign would bring, much of which came from the industry itself, buyers with deep pockets kept snapping up some of the city’s priciest properties. “There is absolutely no sign of a reckoning or discount or fear in the market,” said Leslie Garfield’s Matthew Lesser. “The reality is that we’re seeing a lot of activity here.” In the two weeks leading […] This article originally appeared on The Real Deal. Click here to read the full story.