'Owning Manhattan' star Peter Zaitzeff says there is 'no Mamdani effect' in NYC luxury real estate

Summary

Peter Zaitzeff of SERHANT discusses NYC luxury real estate trends on Fast Money. He says the $4M+ Manhattan market is seeing record sales and rentals despite Mayor Mamdani's tax-the-rich proposals. He points to trophy apartment deals, strong luxury rents, Asian capital inflows, and record-low inventory as key supports. He expects the supply shortage to persist through 2027, making the next 6-12 months an important buying window.

• Peter Zaitzeff is Sales Director of New Development at SERHANT.
• Manhattan luxury sales and rentals are at record levels and show no data impact from Mamdani tax concerns.
• Trophy apartment deals cited include $60M at 50, $80M+ at 140 Jane, and $129M at 80 Clarkson.
• Luxury rental record at The Benson: $288 per square foot and $95,000 per month.
• Asian capital inflows are adding demand and competition for local NYC buyers.
• NYC inventory is at a record low, with only 1,900 units planned through 2027.
• Peter says buyers should act in the next 6-12 months or face no inventory.
• Health and wellness amenities like cold plunge and saunas are increasingly important in luxury buildings.