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NYC Mayor-Elect Mamdani Faces Rent Hike at Gracie Mansion

12/27/2025

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Summary

Story summary

Zohran Mamdani, NYC mayor-elect, will move from a rent-stabilized Astoria apartment to Gracie Mansion after being sworn in on January 1.
The new tenant will pay $3,100 per month, up $800 from Mamdani's prior $2,300 rent.
The increase follows the Fairness in Apartment Rental Expenses (FARE) Act, which has led to a significant drop in available listings and increased rents.
Mamdani's office did not respond to inquiries about the pricing.

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Story summary

Zohran Mamdani, NYC mayor-elect, will move from a rent-stabilized Astoria apartment to Gracie Mansion after being sworn in on January 1.
The new tenant will pay $3,100 per month, up $800 from Mamdani's prior $2,300 rent.
The increase follows the Fairness in Apartment Rental Expenses (FARE) Act, which has led to a significant drop in available listings and increased rents.
Mamdani's office did not respond to inquiries about the pricing.