Breaking Down Mamdani’s First Mayor’s Management Report

Mamdani’s first report card is in. Let’s dive into some of the numbers 

The latest Mayor’s Management Report was released late last week, giving a detailed look at the stats from key agencies across the Adams and Mamdani administrations. Housing-wise, the city financed the creation and preservation of 26,913 affordable units, exceeding its fiscal-year target by 35 percent. Some 26,971 more units of affordable housing were completed between July 1, 2025 and June 30, 2026, topping the completion target by 46 percent and reaching the second-highest production total ever, according to the report. 

The release marks Mamdani’s first Mayor’s Management Report, prepared by the mayor’s office of operations using data across specific city agencies, though a preliminary version was released tracking those figures through October.

The 544-page annual mayoral data dump isn’t a perfect snapshot of how things are going this calendar year, since it spans the tail end of the Adams era and the dawn of the Mamdani administration. But it does show that the combined impact of the past mayor’s City of Yes agenda jibes with some of Mamdani’s own pro-development policies, at least as a starting point.

The Department of Housing Preservation and Development, now helmed by Commissioner Dina Levy, was already making progress toward Mamdani’s housing plan goals to build 200,000 and preserve 200,000 more affordable units in the next decade before Adams passed the baton on Jan. 1. A large number of units financed by HPD and the Housing Development Corporation in previous years became ready for occupancy in 2026, prompting an 8 percent increase in households approved to move into newly constructed units through the city’s housing lottery.

During the same fiscal year window, however, the time HPD and HDC took to complete those approvals for a lottery project increased to 236 days, up 12 percent from the previous year. The report attributes the longer time frame to an increase in the average number of units per project and a record number of lease-ups during that period.

Unsurprisingly, there were some jabs at the industry. The Mamdani administration’s report touted ways it “protected tenants from negligent landlords,” a common thread in the messaging from Rental Ripoff hearings, the Mayor’s Office to Protect Tenants and HPD’s Partners in Preservation initiative. Accomplishments listed in the report include the city’s intervention in the Pinnacle Group bankruptcy proceedings, the $2.1 million A&E Real Estate Holdings settlement (which happened during the Adams administration) and $31 million in penalties on the owners of Robert Fulton Terrace and Fordham towers in the Bronx for violations. 

The city’s public housing authority NYCHA and the Department of Buildings also drilled down on data in the report, painting disparate pictures of trends across the agencies. 

DOB completed 415,481 inspections in fiscal 2026, a 9 percent increase from the previous year period and issued 60,422 violations between the Office of Administrative Trials and Hearings and Environmental Control Board, up from 52,891. Overall DOB violations issued increased dramatically to 143,725 from 39,901 in fiscal year 2025, largely due to 40,000 more violations for failing to submit gas piping periodic inspection certification.

Stop work orders also increased 19 percent, hitting 7,882, reflecting inspections focused on work without permits and other unlicensed activity spearheaded by the Strategic Enforcement Division, according to the report.

Meanwhile, the report highlighted persistent issues across NYCHA’s portfolio, including a 357-day average turnaround time to re-occupy vacant units in public housing, only a slight improvement from the 371-day previous year figure, but far worse than the 160-day average in 2022. Rent collection across NYCHA also dropped to 59.8 percent from 68.6 percent in fiscal 2025, both far lower than NYCHA’s pre-pandemic collection rate, which topped 95 percent.

What we’re thinking about: Is next year’s Mamdani-only MMR likely to show dramatic changes from this year’s hybrid data across the past and current administrations? Or will “pothole politics” manifest as incremental changes? Let me know at ben.miller@therealdeal.com. 

A thing we’ve learned: New York City may have warmer than usual temperatures this fall and even into winter, with above average precipitation owing to El Niño, according to the National Weather Service. Snowfall is less likely due to the El Niño effect, which means rain is in the forecast for the coming months, Gothamist reports.

Elsewhere…

 — A tenant in a $5,850 Midtown luxury apartment sued his landlord over a stench in his unit, asking a court to settle the dispute over whether the “garbage odor” is in fact plaguing the 46th floor of The Epic. The tenant, David Gobaud, suspects that the smell is coming through an electrical outlet opening behind his kitchen cabinets from the trash compactor room and garbage chute next to his apartment, but Fetner Properties CEO Hal Fetner claims nobody from his management team has noticed the smell, Gothamist reports.

 — NYCHA sent lease termination notices to the remaining public housing tenants who refused to relocate from their public housing units to make way for Related and Essence’s $1.2 billion redevelopment of Fulton and Elliott-Chelsea Houses, according to The City Reporter. Though 73 households in the buildings have already relocated to other buildings within the three developments, 24 households at the Chelsea Addition have sued, alleging that NYCHA is harassing them to move out of a seniors-only building into a less secure development.

 — A plan to bring a restaurant and marina to the Greenpoint waterfront at WNYC Transmitter Park is dead after the local community board scrapped it, Curbed reports. A petition arguing the project was too large got 500 signatures, and the community board plans to send a resolution to the Parks Department to bring a public bathroom to the park.

Closing time

Residential: The most expensive residential sale recorded Monday was $17.1 million for 50 West 66th Street, 41W. The new construction condo unit on the Upper West Side is 2,800 square feet. Douglas Elliman’s Janice Chang and Timothy Hsu had the listing.

Commercial: The most expensive commercial transaction was $12 million for 184-200 Moore Street in East Williamsburg. The three industrial buildings are adjacent to each other and cover 22,500 square feet of gross floor area. M.I.A Management Corp. is the seller.

New to the Market: The highest price for a residential property hitting the market is $17 million for 730 Park Avenue, Unit 7/8A. The Lenox Hill co-op is selling for $3,100 per square foot. Sotheby’s International Realty’s Serena Boardman has the listing.

— Joseph Jungermann