What Mamdani Effect? The Ultrarich Are Snapping Up More $10 Million-Plus Homes in NYC Than Ever.

This year, so far, has been a robust one for Manhattan’s trophy-home market. Since the beginning of the year, 126 contracts have been signed for homes priced at $10 million and above, according to Olshan Realty’s Monday report. That’s well ahead of last year’s 90 trophy deals that were logged during the same period, and even ahead of the 117 that were signed in the same time frame in 2021, a record-breaking year for Manhattan’s luxury-home market that included 400 trophy-home contracts.