this sale is a nightmare for all those struggling with rent stabilized apartments in NYC. I feel so bad for these tenants who've been living with broken ceilings, mold & vermin infestations... it's just unacceptable. The government has done everything they can to delay the deal but at the end of the day, someone's gotta foot the bill for repairs. I'm worried about Summit Properties USA though - have they got the resources or expertise to fix all these issues? I don't want them to turn a blind eye and leave tenants with substandard living conditions like Pinnacle did. We need more oversight on these deals to make sure no one gets taken advantage of.
It's also really concerning that there are family ties between Summit and Pinnacle - it smells like a conflict of interest to me. Can we trust them to do what's best for the tenants or will they just be pushing their own interests?
I'm glad tenants' organizations are being vocal about this issue & organizing themselves... it's not gonna be easy, but if anyone can make a difference, it's them!
how can one company possibly fix that in a reasonable amount of time? And with family ties between the owners and previous slumlord CEOs... it just smells like more of the same old thing. We need some real accountability here. Can't believe the judge went with Summit's plan over all these concerns. Time to put pressure on them, I say! 
. I mean, 5k apartments in NYC? That's a lot of people getting screwed by corporate greed. The fact that they got away with ignoring all those code violations is just mind-boggling... like, what even is the point of having laws if you're just gonna let them ignore 'em? 
And don't even get me started on the whole "family ties" thing - it's just too much. It smells like a conflict of interest to me, and I'm not buying it (pun intended). The tenants deserve better than some shady company with questionable motives trying to swoop in and start collecting rent without fixing the problems... we need real change, not just empty promises 