New York commercial real estate developers have been trying to come to grips with the fact that Zohran Mamdani will likely be the next Mayor after upsetting former New York Governor Andrew Cuomo. As of now, all they can do is urge caution, as some of his policies, if implemented, could cause unease for developers and landlords.

Balthazar owner Keith McNally — whose SoHo hotspot has been a magnet for A-listers and one-percenters for years — is throwing his support behind marxist New York City mayor candidate Zohran Mamdani. McNally — who owns more than a dozen eateries in Manhattan including Minetta Tavern,