It's pretty wild that this hearing turned into a power struggle between tenants, the city, and the company trying to buy up these apartments
. I think it's a good sign that Mayor Mamdani's team is pushing for some guarantees on repairs, especially since Pinnacle Group has been doing pretty shoddy maintenance work in the past
. The bank offering to chip in with some of the repair costs is also a plus, but it doesn't seem like enough.
I'm curious to see how the judge decides on the sale conditions – does he hold Summit's executives accountable for their own portfolio's housing code violations? It could be a major turning point for tenants who are worried about living in subpar conditions
. With the potential conditions, I think Mayor Mamdani's team might get some of what they're looking for, but it'll be interesting to see how the final deal shakes out
.
I'm curious to see how the judge decides on the sale conditions – does he hold Summit's executives accountable for their own portfolio's housing code violations? It could be a major turning point for tenants who are worried about living in subpar conditions