Many of New York’s real estate leaders are unified in trying to prevent self-described democratic socialist Zohran Mamdani from becoming the city’s mayor.

Mamdani, the Democrat nominee for November’s election, has promised such things as tripling the city’s production of permanently affordable, union-built, rent-stabilized homes and freezing rent for all stabilized tenants.

Mamdani’s primary victory was a “crushing defeat” for the real estate industry and “dooms struggling rent-stabilized buildings,” according to the trade publication The Real Deal.

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