Incumbent Mayor Eric Adams scored massive cash from actual property backers this month for his reelection bid, which is unsurprising because the metropolis’s self-proclaimed “most pro-housing” mayor in historical past.
Adams is working as an Unbiased candidate within the normal election arising in November. His opponents are Queens Assemblymember Zohran Ok. Mamdani, this yr’s Democratic mayoral nominee; Andrew Cuomo, the previous governor and one other Unbiased candidate; and the Republican candidate, Curtis Sliwa.
In response to the New York Metropolis Marketing campaign Finance Board (NYCCFB), his newest filings present Adams has raised about $6.3 million ($6,384,487) in personal funds. About $3.4 million of these donations got here from New York Metropolis residents, whereas $2.9 million in donations are from exterior the town. Adams has nearly $4.3 million ($4,270,771) money available.
Adams struggled with elevating cash amid a federal investigation into his marketing campaign funds and an indictment (now dropped fees) from final yr. From July 2024 to October 2024, he raised roughly $146,000 in donations.
Some noteworthy standouts on Adams’s NYCCFB donor listing in 2024 embrace numerous NYPD officers, a slew of retirees and “unemployed” people, a Queens driver who donated $1 about 28 instances, a Bronx dealer at Trump Realty Inc who gave $1,000, and a number of other donations from the SL Inexperienced Realty Corp. — Manhattan’s largest workplace landlord.
Adams has consistently been denied public matching funds by NYCCFB since final yr. This Could, Adams clapped again with a lawsuit towards the NYCCFB nevertheless it was dismissed by the courtroom. Nonetheless, the courtroom referred to as into query NYCCFB’s “reliance on the indictment of Mayor Adams as a foundation for its purpose to imagine the Adams marketing campaign violated the legislation.” A federal choose controversially moved to dismiss Adams’s corruption case in April 2025.
The NYCCFB mentioned that Adams’s marketing campaign has continued to not show eligibility to obtain a public funds cost. “On December 16, 2024, after reviewing all accessible data, together with particulars of the indictment of Mayor Eric Adams, the Board decided there’s purpose to imagine the Adams marketing campaign engaged in conduct detrimental to the matching funds program, in violation of legislation,” mentioned the NYCCFB in an announcement. “Subsequently the Board has continued to disclaim Mayor Adams public funds for these causes, in addition to for his failure to well timed file Conflicts of Curiosity Board disclosure.”
Adams made up the slack in his matching marketing campaign funds by elevating about $1.5 million from June to July 2025 with substantial donations from actual property firms and showing at a fundraiser in Florida for younger Republicans.
His different main donations come from workers at firms reminiscent of SL Inexperienced Realty, which particularly has contributed a complete of $95,901 to Adams’s marketing campaign since 2022, and actual property traders Jones Lang Lasalle (JLL); Newmark, a industrial actual property advisor firm; CBRE Inc., a worldwide chief in industrial actual property companies and investments; the Fried, Frank, Harris, Shriver & Jacobson LLP legislation agency; the Greenberg Traurig legislation agency; JT Magen & Co., a significant chief within the development trade; Cushman & Wakefield, one other actual property firm; Alliance Constructing Providers, a constructing upkeep and safety companies firm; Alder & Stachenfeld, an actual property legislation agency; InTandem Capital, a non-public fairness agency; and James E Fitzgerald, development administration and normal contracting.
The Amsterdam Information reached out to those firms for remark, however many both declined or weren’t in a position to reply by publish time.
Adams additionally had a singular $2,100 donation from actual property mogul Bruce Teitelbaum, who has been pushing to construct his One45 housing improvement mission in Harlem for years and eventually obtained Metropolis Council approval simply final week.
“Eric Adams will not be a pro-housing mayor,” mentioned Cea Weaver, coalition director for Housing Justice for All. “In NYC, being a pro-housing mayor means governing for the tenant majority — not the actual property builders who bankroll your marketing campaign. It means totally funding code enforcement, constructing actually inexpensive housing, and delivering a hire freeze for the tens of millions of rent-stabilized tenants who name New York residence.”
In the meantime, Mamdani and Cuomo are campaigning exhausting to remain forward within the mayor’s race.
Mamdani has raised about $2.5 million ($2,562,307) in personal funds and obtained a whopping $8.1 million ($8,148,070) in matching funds from the town. Within the newest spherical, the NYCCFB mentioned Mamdani had 78.8% in-district donors and 96% small donors.
Cuomo has about $4 million ($4,073,897) in personal funds and obtained $4.2 million ($4,255,530) in public matching funds to date. He didn’t get any matching funds in July’s payout from the town, although. He has 63% in-district donors and 52% small donors. His marketing campaign has about $1.1 million ($1,170,628) money available.
