Summit clears violations, but City Hall’s enforcement playbook is the real story
Summit Properties says it delivered on a promise that helped win over a skeptical bankruptcy court. The tenants involved say that promise is still unfulfilled. The dispute offers an early glimpse into what multifamily owners can expect under Mayor Zohran Mamdani’s administration: relentless scrutiny, public scorekeeping and a willingness by City Hall to align itself with organized tenants. Two months after taking control of Pinnacle Group’s troubled 5,100-unit rent-stabilized portfolio, Summit says it cured more than 3,000 housing code violations, hitting chair Zohar Levy’s commitment to fix half of the roughly 6,300 violations that existed when the bankruptcy case was […]
This article originally appeared on The Real Deal. Click here to read the full story.
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