Zohran Mamdani elected mayor of New York City in historic win / NYC’s millionaires flee as Socialist surge sparks suburban bidding wars

Anna Betts in New York City

Democratic nominee Zohran Mamdani was elected on Tuesday as the 111th mayor of New York City, defeating former governor Andrew Cuomo and Republican candidate Curtis Sliwa and making history as the city’s first Muslim mayor. Current mayor Eric Adams, who had campaigned for a second term as an independent, dropped out of the race in September.

When Mamdani launched his campaign for mayor last fall, he was a relatively unknown state lawmaker. But his message, centered on affordability, along with his buoyant jaunts throughout New York City, quickly gained traction and resonated with thousands of New Yorkers. His platform called for freezing rents on rent-stabilized units, building more affordable housing, raising the minimum wage to $30 an hour, making buses free, increasing taxes on the city’s wealthiest residents and more.

Fueled by small-dollar donationstens of thousands of volunteers, a savvy social media presence and a message of change, Mamdani’s grassroots campaign built momentum through the spring. That energy culminated in a decisive win in the June Democratic primary, in which he defeated Cuomo by nearly 13 points, stunning the city’s political establishment by galvanizing a diverse coalition that included many young and first-time voters….

https://www.theguardian.com/us-news/2025/nov/04/zohran-mamdani-mayor-new-york-city

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The ‘Mamdani Effect’: NYC’s millionaires flee as Socialist surge sparks suburban bidding wars

Mamdani shakes up NYC’s mayoral race, wealthy residents are stampeding to the suburbs — a luxury market frenzy now dubbed the “Mamdani Effect”

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The Billionaire Frenzy Over Zohran Mamdani