The high-end home sector is showing no signs of slowing down despite concerns about the policies of the incoming democrat socialist mayor, brokers and experts say

Extremely rich New Yorkers are having what The New York Times is calling a “freakout” over the New York City mayoral race. “The Hamptons is basically in group therapy about the mayoral race,” Robert Zimmerman, a political fundraiser, told the Times.

The number of ultra-wealthy individuals — those with net worths of $30 million or more — is climbing at a rapid pace. As this population expands, distinct real estate patterns are emerging, with the ultra-rich gravitating toward specific global hubs.

Even fashion moguls can’t escape New York City’s office slump. Amancio Ortega, the billionaire founder of Zara, is set to sell his Midtown office building at 366 Madison Ave. for about $50 million — a bruising markdown from the $115.5 million his ...

Socialist mayoral front-runner Zohran Mamdani on Tuesday lambasted his rival, Andrew Cuomo, for cozying up to billionaires for cash rather than rubbing elbows with hardscrabble New Yorkers on the campaign trail. Mamdani said Manhattan’s ultra-elite ...