Federal Judge Blocks NYC Bankruptcy Sale In Major Blow to Mamdani

7 million in unpaid housing code fines.

Mamdani had directed the city’s Law Department to intervene, arguing the deal could worsen housing instability for thousands of tenants living in subsidized apartments.

But Judge Jones rejected the city’s motion, saying the bankruptcy auction must move forward.

Pinnacle, owned by billionaire Joel Wiener, controls continue reading …