Communist NYC Mayor Zohran Mamdani Unveils Socialist Property Grab: Vows To Seize Buildings From ‘Bad Landlords’ And Hand Them Over To Non-Profits, Community Land Trusts, And Tenants

The radical leftist takeover of New York City is officially accelerating into full-blown Venezuelan-style authoritarianism.

--

Screenshot

The radical leftist takeover of New York City is officially accelerating into full-blown Venezuelan-style authoritarianism.

Far-left New York City Mayor Zohran Mamdani dropped all pretense of defending American property rights, openly admitting that his administration intends to target private property owners, strip them of their buildings, and hand the keys over to shady left-wing non-profits, community land trusts, and tenants.

Mamdani, a card-carrying democratic socialist who took power in January, made the shocking admission while outlining his latest radical housing agenda. Under the guise of targeting “bad landlords” and “chronic neglect,” the city plans to deploy a weaponized regulatory apparatus to orchestrate massive wealth redistribution across the five boroughs.

Mamdani said, “Through our new citywide campaign, Fix the City, we will focus on the worst landlords in New York City. When necessary, we will take aggressive legal action to remove negligent owners and property managers. For buildings that have suffered chronic neglect, we will work to transfer ownership to responsible stewards—including community land trusts, nonprofits, or even the tenants themselves.”

WATCH:

This isn’t just standard political rhetoric; it’s a calculated war on private enterprise. Insiders warn that the Mamdani administration, alongside radical housing transition allies like Marxist-style organizer Cea Weaver, is manufacturing a crisis to force property owners to give up, according to The Heritage Foundation.

The Heritage Foundation added that the scheme is dangerously simple:

The Rent Freeze Squeeze: Force a complete, multi-year rent freeze on rent-stabilized properties, making it economically impossible for mom-and-pop landlords to maintain aging infrastructure.

Weaponized Code Enforcement: Hit these struggling, middle-class owners with sky-high fines and crippling regulatory penalties for “deferred maintenance.”

The Government Buyout: Once the owners are thoroughly bankrupted and desperate, step in as a “market actor” to forcibly transfer the real estate to progressive allies.

Instead of cutting red tape or incentivizing building development to lower costs, Mamdani’s $100 billion taxpayer-funded plan aims to completely socialize the iconic New York skyline.