In the aftermath of much well-heeled panic about a potential mass exodus of New York millionaires and billionaires following the election of Zohran Mamdani, the contrary is already happening, and Manhattan luxury apartment buyers are voting with their wallets.
Signed contracts for Manhattan homes costing $4 million or more rose to 176 in November, a 25% increase from October’s 141 deals, according to fresh data from brokerage Douglas Elliman and appraiser Miller Samuel. New signed contracts of more than $4 million increased at more than twice the rate of the overall market, the report noted.
Eh, there’s a little more than that.
Most of those things are up for debate following each hurricane season.
Its always a damned margaritaville or a rainforest cafe.
Also lots of rich tourists from Venezuela in the 80s and 90s. Now not so much anymore.