Real estate will have to work with Mayor Mamdani. Now what?

For some in the real estate industry, their worst fears became a reality Tuesday night.  A Democratic socialist is heading to Gracie Mansion.  In his victory speech, Zohran Mamdani said he would go after bad landlords, describing them as proteges of President Donald Trump. He doubled down on his pledge to freeze rents for stabilized tenants, and alluded to his plans to raise taxes for the state’s wealthiest.  “We will hold bad landlords to account because the Donald Trumps of our city have grown far too comfortable taking advantage of their tenants,” he said Tuesday night to a crowd at […] This article originally appeared on The Real Deal. Click here to read the full story.