Mamdani Acts on Vow to Protect Renters With Move Against a Big Landlord
The New York Times••business
Key Points:
- Mayor Zohran Mamdani, during his inauguration, outlined plans to improve conditions for renters in New York City.
- Nadege Romulus, a tenant in a rent-stabilized Flatbush apartment owned by the Pinnacle Group, suffers from severe disrepair, including rusting pipes, cracked floors, and falling ceiling plaster.
- The Pinnacle Group, which owns over 5,000 rent-stabilized units and faces more than 5,000 violations and 14,000 complaints, declared bankruptcy in May.
- Mayor Mamdani announced the city’s intention to intervene legally in the Pinnacle bankruptcy case to protect tenants and address the landlord’s widespread neglect.
