Reuters: Wall Street Misgivings About Mamdani as Mayor – Insights from Parkview’s Paul Rahimian

By Anirban Sen, Suzanne McGee and Lananh Nguyen | Reuters | October 31, 2025

Reuters reports that Wall Street and finance leaders are weighing the potential impact of Democratic candidate Zohran Mamdani winning the New York City mayoral race. Concerns include proposed tax increases, a corporation tax hike, and a rent freeze on stabilized apartments, which could affect the city’s competitiveness and real estate market.

Paul Rahimian, CEO of Parkview Financial, noted the potential ripple effects on real estate. “There are a lot of landlords that are now no longer making money but whose properties are costing them money every year,” Rahimian said. Parkview is taking a “hold and see” approach to new loans in New York until after the election.

The full article, originally published by Reuters, is available to subscribers here