Is it true that he can still run for the office even if he’s in jail?
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There is no chance for him to go to jail. Such sentencing will be appealed to Supreme Court and you know what will happen next.
He’s unlikely to go to gaol for this particular set of crimes even without getting special treatment. He’d be looking at a maximum of 4 years (per count, but I suspect those would probably be served concurrently), but as another article about the subject said:
Right, first time non-violent felon, like Michael Cohen.
Or his CFO, who is currently serving his 2nd sentence in Rikers to protect “the boss”.