Within minutes of Zohran Mamdani clinching the Democratic nomination Tuesday night, real estate agents like Ryan Serhant were flooded with calls from clients looking to walk away from deals to buy apartments in NYC. High-end buyers are now looking to purchase property outside of the city.
Within minutes of Zohran Mamdani clinching the Democratic nomination Tuesday night, real estate agents like Ryan Serhant were flooded with calls from clients looking to walk away from deals to buy apartments in NYC. High-end buyers are now looking to purchase property outside of the city.
“My number one job will be moving people from New York to Florida. Again,” Serhant told me. “Based on the results, clients are going to hold off on making any kind of investment in New York City.”
According to a note I reviewed, one client who had made an offer on a Chelsea apartment sent her broker an email minutes after former Governor Cuomo conceded to Zohran Mamdani. “We are going to take a break from looking until there’s more clarity on the mayoral election,” the client wrote.
One Manhattan-based founder who already pays 50% of her income immediately started thinking about moving.
