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ONE Sotheby’s International Realty will handle the sale through an online auction starting December 3, with a live bidding event in New York on December 17.

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Despite the pullback, interest from Latin American and domestic buyers continues to fuel the region’s luxury sector.

After months of trying to sell the property with no success, county commissioners just voted to put the courthouse up for auction sometime next year. Officials had pitched the historic building as a prime opportunity for redevelopment — a potential mix of apartments, hotel rooms, and office space.

Miami real estate circles have been buzzing about what some are calling the “Mamdani Effect.” Miami brokers report that inquiries from New Yorkers have risen as clients worry about potential tax hikes and a less business-friendly environment under a Mamdani administration.

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Mamdani’s platform includes a proposed 2% tax increase on New York City’s top 1% of earners — those making over $1 million annually — to fund initiatives such as rent freezes, free public buses, and city-owned grocery stores. The candidate has also stated that “billionaires should not exist.”