NYC property owners face tax hike as Mamdani’s rent-freeze pledge could send prices soaring

There’s no freeze on soaring costs. City homeowners and landlords are bracing for a hike in their property taxes, as Mayor Zohran Mamdani’s “rent-freeze” promise can send prices soaring for residents who don’t live in rent-controlled apartments. Building owners whose stock includes government-regulated apartments said that if the socialist mayor gets his wish of a “rent freeze” for the rent-controlled units could make it harder to maintain their...