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, the town financed the creation and preservation of 26,913 inexpensive models, exceeding its fiscal-year goal by 35 p.c. Some 26,971 extra models of inexpensive housing had been accomplished between July 1, 2025 and June 30, 2026, topping the completion goal by 46 p.c and reaching the second-highest manufacturing whole ever, in keeping with the report.
The discharge marks Mamdani’s first Mayor’s Administration Report, ready by the mayor’s workplace of operations utilizing information throughout particular metropolis businesses, although a preliminary version was launched monitoring these figures via October.
The 544-page annual mayoral information dump isn’t an ideal snapshot of how issues are going this calendar yr, because it spans the tail finish of the Adams period and the daybreak of the Mamdani administration. Nevertheless 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 least as a place to begin.
The Division of Housing Preservation and Improvement, 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 inexpensive models within the subsequent decade earlier than Adams handed the baton on Jan. 1. Numerous models financed by HPD and the Housing Improvement Company in earlier years turned prepared for occupancy in 2026, prompting an 8 p.c improve in households permitted to maneuver into newly constructed models via the town’s housing lottery.
Throughout the identical fiscal yr window, nonetheless, the time HPD and HDC took to finish these approvals for a lottery mission elevated to 236 days, up 12 p.c from the earlier yr. The report attributes the longer time-frame to a rise within the common variety of models per mission and a file variety of lease-ups throughout that interval.
Unsurprisingly, there have been some jabs on the trade. 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 Defend Tenants and HPD’s Companions in Preservation initiative. Accomplishments listed within the report embody the 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.
The town’s public housing authority NYCHA and the Division of Buildings additionally drilled down on information within the report, portray disparate photos of tendencies throughout the businesses.
DOB accomplished 415,481 inspections in fiscal 2026, a 9 p.c improve from the earlier yr 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 yr 2025, largely attributable to 40,000 extra violations for failing to submit fuel piping periodic inspection certification.
Cease work orders additionally elevated 19 p.c, hitting 7,882, reflecting inspections targeted on work with out permits and different unlicensed exercise spearheaded by the Strategic Enforcement Division, in keeping 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 models in public housing, solely a slight enchancment from the 371-day earlier yr determine, however far worse than the 160-day common in 2022. Hire assortment throughout NYCHA additionally dropped to 59.8 p.c from 68.6 p.c in fiscal 2025, each far decrease than NYCHA’s pre-pandemic assortment charge, which topped 95 p.c.
What we’re serious about: Is subsequent yr’s Mamdani-only MMR more likely to present dramatic modifications from this yr’s hybrid information 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 discovered: New York Metropolis might have hotter than traditional temperatures this fall and even into winter, with above common precipitation owing to El Niño, in keeping with the National Weather Service. Snowfall is much less seemingly because of the 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 house sued his landlord over a stench in his unit, asking a courtroom to settle the dispute over whether or not the “rubbish odor” is in actual fact plaguing the forty sixth flooring of The Epic. The tenant, David Gobaud, suspects that the odor is coming via {an electrical} outlet opening behind his kitchen cupboards from the trash compactor room and rubbish chute subsequent to his house, however Fetner Properties CEO Hal Fetner claims no person from his administration staff has seen the odor, Gothamist reports.
— NYCHA despatched lease termination notices to the remaining public housing tenants who refused to relocate from their public housing models to make approach for Associated and Essence’s $1.2 billion redevelopment of Fulton and Elliott-Chelsea Homes, in keeping 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 growth.
— A plan to convey 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 mission was too giant acquired 500 signatures, and the group board plans to ship a decision to the Parks Division to convey a public toilet to the park.
Closing time
Residential: The most costly residential sale recorded Monday was $17.1 million for 50 West 66th Avenue, 41W. The brand new development condominium unit on the Higher West Aspect is 2,800 sq. toes. Douglas Elliman’s Janice Chang and Timothy Hsu had the itemizing.
Industrial: The most costly industrial 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 flooring 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
