• 4 inconvenient facts about Mamdani’s model project,
The Real Deal

    4 inconvenient facts about Mamdani’s model project

    The groundbreaking on Wednesday for Timbale Terrace, a project by Emanuel Kokinakis’ Mega Group and Dan Kent’s Lantern Organization, was a perfect event for Mayor Zohran Mamdani to attend. It’s a model for what he wants to build: 100 percent affordable housing on city land. But is it a perfect model

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  • NYC’s top deals: Madison Realty Capital’s Joshua Zegan
scoops up $20M pad in Lenox Hill,
The Real Deal

    NYC’s top deals: Madison Realty Capital’s Joshua Zegan scoops up $20M pad in Lenox Hill

    There were 206 transactions totaling $517 million filed in New York City records in the 24 hours before 4 p.m. on Friday, Feb. 20, 2026 ? Residential: The top home sale to hit records was in Lenox Hill. EJS Development sold a sponsor unit at 200 East 75th Street for $19.8 million. The buyer was an L

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  • The Daily Dirt: Mamdani revives property tax promise,
The Real Deal

    The Daily Dirt: Mamdani revives property tax promise

    Mayor Zohran Mamdani said his property tax reform plan is imminent. New Yorkers have heard that before. Earlier this week, the administration released its preliminary budget, which included raising property taxes in the city by 9.5 percent in order to cover a $5 billion shortfall — a move Mamdani sa

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