NYC landlord clashes with Mamdani administration in 9-hour bankruptcy hearing

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 🤔.
 
This whole thing is just so frustrating 🤯 I mean, come on, Summit Properties USA, can't you guys even be bothered to fix up some of those apartments before selling them off? It's not like they're asking for much, just some guarantees that taxpayers won't foot the bill for future repairs. And meanwhile, the city and tenant union are just trying to protect people who already can't afford rent 🤷‍♀️ I'm all for people making a profit, but at what cost? We need to make sure these apartments are safe and habitable before we let some big corporation buy them up and just ignore their maintenance needs 💸
 
[Image of a building with a " For Rent" sign being crossed out by a hammer with a red X through it]

[Bankrupt company's logo with a pair of sunglasses on top, wearing a concerned expression]

[Image of a person holding a megaphone with a crowd of tenants cheering in the background]

[Tenant union's logo with a calculator and a spreadsheet, surrounded by repair tools]

[Federal bankruptcy Judge David Jones looking stern with a speech bubble saying "I'm watching you, Summit!"]
 
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