Ocasio-Cortez Seen Wearing Muslim Garb At Event With Mamdani

The company declared bankruptcy in May after defaulting on $560 million in loans, and the Mamdani administration has claimed it owes the city $12.7 million in unpaid housing code fines

Tenant groups opposing the sale say Pinnacle has neglected maintenance and allowed conditions to deteriorate, while others fear the new owners could raise rents or further reduce oversight.

The battle over Pinnacle’s holdings became a flashpoint during the mayoral race, where Mamdani campaigned on preserving rent-subsidized housing and protecting low-income tenants.