New York City’s new mayor-elect, Zohran Mamdani, has been living in a rent controlled apartment in the city for years, despite being raised by wealthy parents.
Now, as he prepares to move into the mayor’s mansion, his old apartment is back on the market and the next tenant is likely to pay a lot more than the democratic socialist (communist) politician.
That’s just typical, isn’t it?
The New York Post reported:
Zohran Mamdani’s rent-stabilized Astoria apartment renting for 35% more than socialist lawmaker paid: ‘hypocrisy’
That’s one hell of a markup.
Whoever moves into NYC Mayor-elect Zohran Mamdani’s rent-stabilized apartment in Queens will be shelling out an extra $800 — or 35% — more per month than what the socialist “nepo baby” did, The Post has learned.
The Astoria apartment — which has quietly attracted interest from potential tenants for the past few weeks — is now commanding $3,100 per month while still remaining rent stabilized, sources said.
Mamdani — who’ll be moving into Gracie Mansion with his “aloof” artist wife Rama Duwaji sometime after being sworn in Jan. 1 — caught a break during the seven years he’s rented the one-bedroom Astoria pad, paying about $2,300 because his landlord charged him a much lower rate than what was allowed by law…
“Isn’t that just the Democratic Socialists of America’s New York in a nutshell?” said NYC Council Minority Leader Joanne Ariola (R-Queens).
“A nepo baby leaves his under-market apartment for a mansion, the price gets jacked up for the next guy, and some ill-conceived legislation forces the landlords to make an off-market listing to avoid the fees ‘progressive’ policies shoved down their throats.”
The Daily Caller has more on this:
The unit is being leased off-market, a practice that surged after the city’s Fairness in Apartment Rental Expenses Act took effect in June. Mamdani lobbied for the controversial broker-fee ban as a state Assemblyman.
New listings on the Real Estate Board of New York’s Residential Listing Service dropped 77 percent since the law passed, according to real estate firm UrbanDigs.
“This is exactly what New Yorkers are sick of: politicians who benefit from housing arrangements while pushing policies that make rents higher and listings disappear for everyone else,” Queens Councilman Robert Holden told the outlet.
Mamdani ran on affordability and the idea of rent freezes. Does anyone actually believe NYC rents are going to come down on his watch?
The people of NYC who voted for him may be about to learn a painful lesson in basic economics.
The post The Next Tenant to Move Into Zohran Mamdani’s ‘Affordable’ NYC Apartment Will Pay Much Higher Rent Than He Did appeared first on The Gateway Pundit.