Real Estate Shifts Support to Cuomo After Adams Withdraws

In a striking turn of events following Mayor Eric Adams’ withdrawal from the New York City mayoral race, real estate donors have swiftly redirected their financial support towards Andrew Cuomo. This sudden shift underscores the dynamic and often unpredictable nature of political campaigning within New York’s bustling urban landscape.

On September 29th, after news broke that Mayor Adams had suspended his campaign bid, a significant influx of donations poured into Andrew Cuomo’s campaign coffers from industry professionals. Campaign finance records reveal that these contributions totaled over \(32,000 on the very day following Adams' announcement. When including donations received on the day Adams dropped out, this figure escalated to approximately \)41,000—a substantial portion of the $77,700 garnered by Cuomo from real estate donors between August 19th and September 29th.

This sudden pivot in support was part of a broader wave of financial backing that followed Adams’ exit. During this period, Cuomo’s campaign saw an impressive inflow of nearly \(895,000 in donations, with more than half (\)380,000) arriving on the last two days of September alone. Prominent figures within the real estate sector, including Alex Adjmi from A&H Acquisitions and Yaacov Amar, a noted investor, contributed up to the maximum allowable amount of $2,100 each during this six-week window.

The real estate industry’s alignment with political candidates often reflects broader economic interests and policy preferences. In this case, contributors were motivated by concerns over potential shifts in city governance that could impact their business operations. Emails circulated by Jared Epstein, President of Aurora Capital Associates, called on donors to support Cuomo, emphasizing the need to counteract what he described as “radical socialist policies” associated with Democratic Socialist candidate Zohran Mamdani.

Despite this influx of real estate support for Cuomo, the race remained fiercely competitive. Republican nominee Curtis Sliwa also attracted significant backing, collecting \(423,700 in total, with at least \)11,750 coming from industry donors. Meanwhile, Mamdani maintained a strong lead among voters, despite securing only modest contributions directly from the real estate sector.

As October 2025 unfolds, the mayoral race continues to capture the attention of New Yorkers and observers alike, highlighting the intricate interplay between political aspirations and economic interests in one of America’s most influential cities. The shifting allegiances within the real estate community exemplify how financial backing can serve as both a barometer and catalyst for change in the complex arena of urban politics.

Original Article Source: Real Estate Donates to Cuomo After Adams Drops Out