Federal Judge Blocks Mamdani From Halting Bankruptcy Sales

Federal judge blocks Mamdani from halting bankruptcy sales

(The Center Square) — New York City Mayor Zohran Mamdani's push to stop the bankruptcy sale of more than 5,000 rent-subsidized apartments in the city has been blocked, temporarily, by

Judge Blocks Mamdani Admin's Intervention in Pinnacle Sale, and What Else Happened in Housing This Week

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Judge rejects Mayor Mamdani's bid to slow bankruptcy sale of 5,100 NYC apartments

The decision poses an early setback to Mamdani in his first full week in office.

Summit Properties Wins Auction for 5,100-Unit Pinnacle Portfolio

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City blocked from halting sale of neglectful landlord's rent-stabilized units

A federal bankruptcy judge has denied Mayor Zohran Mamdani’s bid to halt the sale of thousands of rent-stabilized apartments owned by a notorious landlord, a move aimed at preventing the buildings from falling into the hands of another negligent owner. On Monday, Mamdani asked the court to delay a bankruptcy auction scheduled for Thursday, arguing the city needed more time to evaluate a deal that would give ownership to Summit Properties USA. De…

Judge rejects Mamdani’s bid to pause Pinnacle auction, paves way for Summit takeover

The decision clears the way for a sale of more than 5,000 mostly-rent-stabilized apartments to Summit.