Mamdani’s first report card is in. Let’s dive into among the numbers
The most recent Mayor’s Administration Report was launched late final week, giving an in depth have a look at the stats from key businesses throughout the Adams and Mamdani administrations. Housing-wise, town financed the creation and preservation of 26,913 reasonably priced items, exceeding its fiscal-year goal by 35 %. Some 26,971 extra items of reasonably priced housing had been accomplished between July 1, 2025 and June 30, 2026, topping the completion goal by 46 % and reaching the second-highest manufacturing complete ever, in line with the report.
The discharge marks Mamdani’s first Mayor’s Administration Report, ready by the mayor’s workplace of operations utilizing knowledge throughout particular metropolis businesses, although a preliminary version was launched monitoring these figures by means of October.
The 544-page annual mayoral knowledge dump isn’t an ideal snapshot of how issues are going this calendar 12 months, because it spans the tail finish of the Adams period and the daybreak of the Mamdani administration. However it does present that the mixed affect of the previous mayor’s Metropolis of Sure agenda jibes with a few of Mamdani’s personal pro-development insurance policies, at the very least as a place to begin.
The Division of Housing Preservation and Growth, now helmed by Commissioner Dina Levy, was already making progress towards Mamdani’s housing plan targets to construct 200,000 and protect 200,000 extra reasonably priced items within the subsequent decade earlier than Adams handed the baton on Jan. 1. Numerous items financed by HPD and the Housing Growth Company in earlier years grew to become prepared for occupancy in 2026, prompting an 8 % improve in households authorized to maneuver into newly constructed items by means of town’s housing lottery.
Throughout the identical fiscal 12 months window, nonetheless, the time HPD and HDC took to finish these approvals for a lottery challenge elevated to 236 days, up 12 % from the earlier 12 months. The report attributes the longer time-frame to a rise within the common variety of items per challenge and a document variety of lease-ups throughout that interval.
Unsurprisingly, there have been some jabs on the business. The Mamdani administration’s report touted methods it “protected tenants from negligent landlords,” a typical thread within the messaging from Rental Ripoff hearings, the Mayor’s Workplace to Shield Tenants and HPD’s Companions in Preservation initiative. Accomplishments listed within the report embody town’s intervention within the Pinnacle Group chapter proceedings, the $2.1 million A&E Actual Property Holdings settlement (which occurred throughout the Adams administration) and $31 million in penalties on the house owners of Robert Fulton Terrace and Fordham towers within the Bronx for violations.
Town’s public housing authority NYCHA and the Division of Buildings additionally drilled down on knowledge within the report, portray disparate photos of tendencies throughout the businesses.
DOB accomplished 415,481 inspections in fiscal 2026, a 9 % improve from the earlier 12 months interval and issued 60,422 violations between the Workplace of Administrative Trials and Hearings and Environmental Management Board, up from 52,891. General DOB violations issued elevated dramatically to 143,725 from 39,901 in fiscal 12 months 2025, largely as a consequence of 40,000 extra violations for failing to submit gasoline piping periodic inspection certification.
Cease work orders additionally elevated 19 %, hitting 7,882, reflecting inspections targeted on work with out permits and different unlicensed exercise spearheaded by the Strategic Enforcement Division, in line with the report.
In the meantime, the report highlighted persistent points throughout NYCHA’s portfolio, together with a 357-day common turnaround time to re-occupy vacant items in public housing, solely a slight enchancment from the 371-day earlier 12 months determine, however far worse than the 160-day common in 2022. Hire assortment throughout NYCHA additionally dropped to 59.8 % from 68.6 % in fiscal 2025, each far decrease than NYCHA’s pre-pandemic assortment charge, which topped 95 %.
What we’re enthusiastic about: Is subsequent 12 months’s Mamdani-only MMR prone to present dramatic modifications from this 12 months’s hybrid knowledge throughout the previous and present administrations? Or will “pothole politics” manifest as incremental modifications? Let me know at ben.miller@therealdeal.com.
A factor we’ve realized: New York Metropolis might have hotter than normal temperatures this fall and even into winter, with above common precipitation owing to El Niño, in line with the National Weather Service. Snowfall is much less probably as a result of El Niño impact, which suggests rain is within the forecast for the approaching months, Gothamist reports.
Elsewhere…
— A tenant in a $5,850 Midtown luxurious condo sued his landlord over a stench in his unit, asking a court docket to settle the dispute over whether or not the “rubbish odor” is in reality plaguing the forty sixth ground of The Epic. The tenant, David Gobaud, suspects that the scent is coming by means of {an electrical} outlet opening behind his kitchen cupboards from the trash compactor room and rubbish chute subsequent to his condo, however Fetner Properties CEO Hal Fetner claims no person from his administration staff has seen the scent, Gothamist reports.
— NYCHA despatched lease termination notices to the remaining public housing tenants who refused to relocate from their public housing items to make approach for Associated and Essence’s $1.2 billion redevelopment of Fulton and Elliott-Chelsea Homes, in line with The City Reporter. Although 73 households within the buildings have already relocated to different buildings inside the three developments, 24 households on the Chelsea Addition have sued, alleging that NYCHA is harassing them to maneuver out of a seniors-only constructing right into a much less safe improvement.
— A plan to carry a restaurant and marina to the Greenpoint waterfront at WNYC Transmitter Park is lifeless after the local people board scrapped it, Curbed reports. A petition arguing the challenge was too massive bought 500 signatures, and the neighborhood board plans to ship a decision to the Parks Division to carry a public toilet to the park.
Closing time
Residential: The costliest residential sale recorded Monday was $17.1 million for 50 West 66th Avenue, 41W. The brand new development apartment unit on the Higher West Aspect is 2,800 sq. toes. Douglas Elliman’s Janice Chang and Timothy Hsu had the itemizing.
Industrial: The costliest business transaction was $12 million for 184-200 Moore Avenue in East Williamsburg. The three industrial buildings are adjoining to one another and canopy 22,500 sq. toes of gross ground space. M.I.A Administration Corp. is the vendor.
New to the Market: The best value for a residential property hitting the market is $17 million for 730 Park Avenue, Unit 7/8A. The Lenox Hill co-op is promoting for $3,100 per sq. foot. Sotheby’s International Realty’s Serena Boardman has the itemizing.
— Joseph Jungermann
