Zohran Mamdani vs. New York Landlords

The real estate industry is pouring millions into Andrew Cuomo’s mayoral campaign in an effort to stop the robust pro-tenant candidacy of Zohran Mamdani.

Zohran Mamdani campaigns for New York City mayor

Zohran Mamdani at a campaign rally on June 21, 2025, in Jackson Heights, New York City. (Andrew Lichtenstein / Corbis via Getty Images)


Real estate runs New York. Disgraced mayor Eric Adams says “I am real estate,” while homelessness levels and rents hit record highs month after month. Landlord profits are up 12 percent over the last year, but our living conditions are not improving.

Andrew Cuomo is landlords’ favorite candidate and the only serious contender running against a rent freeze. He has a long record of blocking tenant-protection regulations and ensuring that his real estate donors are earning huge returns on their investments. This election season, the real estate industry is pouring money into a campaign to elect the disgraced former governor, with the industry group New York Apartment Association dropping more than $2.5 million into a Cuomo-aligned Super PAC in the final weeks of the race.

Other high-profile real estate donors include Douglas Durst of the Durst Organization, whose family is worth $8 billion, and Douglas Eisenberg of A&E Real Estate, who’s currently being sued by the city for hundreds of open code violations. Former mayor Michael Bloomberg — who raised rent 33 percent on rent-stabilized apartments while in office — just dumped $8.3 million into Cuomo’s campaign.

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