Mamdani’s administration is pitching a city‑backed, privately run insurance program to lower property and liability premiums for subsidized and rent‑stabilized apartments. Officials say the fund could cover tens of thousands of units if the plan scales as designed.

Brooklyn logged 324 commercial transactions and roughly $2.2 billion in Q1 2026, led by midsize multifamily and mixed‑use trades that kept deal flow churning.

An appellate panel voided an intervenor mortgage and ordered two Bryant Park condos transferred to investor Ying “Vivian” Ding, resolving a long-running ownership fight.

Manhattan logged roughly $3.7 billion in Q1 sales — the borough's strongest quarter since 2021 — led by a multifamily surge and opportunistic office buys.

A judge confirmed a $22M arbitration award against Mitchel Maidman over alleged self‑dealing at 556 Third Avenue, making the arbitrator’s ruling enforceable in court.

Bayonne's planning board approved a three-building South Cove project at 1 Lefante Way that would add nearly 700 homes, a 125‑room hotel and new retail.

A new East Flatbush lottery at Utica Crescent lists studios from $739 and one-bedrooms from $784. The state's Housing Search waitlist is accepting applications.

Delivery‑only Orbital Kitchens has leased the full ground‑floor retail bay at 288 Fourth Avenue in Gowanus, giving the ghost‑kitchen operator a visible Brooklyn storefront. The deal highlights demand for ground‑floor retail as new housing arrives.

Huntington’s Town Board voted 4–1 to advance Melville Crossing, a $130M, ~400‑unit mixed‑use project at 75 Maxess Road, even as neighbors warn of school and utility strain.

Hochul has pitched an annual surcharge on NYC second homes worth $5M+, setting off mayoral support and industry pushback as Albany eyes next steps.

New York AG Letitia James led 27 attorneys general in a letter urging the FTC to require total‑price rental listings and crack down on deceptive fees.

Two brownstones led Brooklyn’s luxury market last week, helping the borough log about $71M in contracts for properties asking $2M and up.

Crews have formed foundations at 1482 First Avenue as work advances on a 30‑story, 86‑unit tower. Financing from Helaba cleared the way and delivery is eyed for late 2027.