Queens real estate isn’t just about square footage and subway stops anymore. Politics and the people driving policy are playing a bigger role than ever. One name on every savvy New Yorker’s radar this summer? Zohran Mamdani.

After securing a major win in the 2025 Democratic primary, Mamdani, a DSA-backed Assembly member representing Astoria, could reshape the real estate landscape in Queens. But what exactly does that mean for homeowners, investors, renters, and future buyers?

Let’s break down the good, the bad, and the uncertain.

The Good: Affordable Housing & Tenant Rights Take Center Stage

One of the key takeaways from Mamdani’s campaign was his emphasis on tenant protections and affordable housing initiatives. If you’re a buyer looking to own and occupy, or a long-term resident who’s been priced out, policies rooted in housing access could stabilize pricing and make buying in Queens less competitive.

• First-time buyers in neighborhoods like Astoria and Elmhurst may benefit from expanded state-backed housing programs.
• Mamdani’s support for social housing may pave the way for new developments that include permanently affordable units.

Interested in neighborhoods with long-term value potential? Check out our Queens market update.

The Bad: Potential Pressure on Landlords & Developers

Mamdani’s policies often challenge real estate developers and large landlords. His support for Good Cause Eviction legislation and tighter rental laws could:

• Make it more difficult for landlords to raise rents or evict tenants.
• Slow new private development projects, especially luxury condos or rentals.

For sellers, this could mean fewer developer offers or longer times on market. For landlords, multifamily investment in Queens could become less attractive unless you plan to hold long-term and maintain stabilized units.

Want to explore rent-stable properties with long-term ROI? Our team can help you navigate multifamily investments in Queens.

The Uncertain: Market Volatility & Investor Hesitation

Politics creates uncertainty, and real estate markets thrive on stability. Mamdani’s win may cause:

• A temporary pause in buyer enthusiasm, especially from investors.
• Increased regulation leading to shifting rental returns.

That said, savvy buyers can use this period to get ahead of competition, especially if interest rates stabilize in late 2025.

What This Means for Buyers, Sellers, and Investors

For Buyers:

• More negotiating power in uncertain times.
• Consider neighborhoods with growth potential like Corona or Middle Village.

For Sellers:

• Price competitively. Highlight property stability and low carrying costs.
• Work with a local expert (like us!) who understands Queens pricing in 2025.

For Investors:

• Focus on long-term rentals with low turnover.
• Stay updated on legislation that impacts rent control and tax incentives.

Why Work with The Bianca Colasuonno Team?

With over a decade of experience in Queens and a multilingual, award-winning team, we understand how local politics affect the housing market. Whether you’re looking to sell in Astoria or invest in Jamaica, our insight keeps your next move strategic.

📅 Ready to discuss how the 2025 election climate affects your real estate goals? Schedule a call with us today.