New York City’s mayoral race is officially over — and despite dire predictions from the industry, some residential players are chiming in with a clear consensus: don’t believe the hype. Democratic nominee Zohran Mamdani won the city’s top post on Tuesday, besting Independent candidate, former Gov. Andrew Cuomo, and Republican Curtis Sliwa. The 34-year-old Assemblymember from Queens ran on, among other policies, the promise of freezing rents for stabilized housing and raising taxes on the wealthiest New Yorkers. Leading up to the election, some real estate players warned that a Mamdani victory could spark an outflow of high-earning residents over […]
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