10,000 Rent Stabilized Tenants Deserve a Say Over Their Homes

Honorable David S. Jones and Flagstar Bank

Pinnacle tenants hold up sign that reads "As we rise Pinnacle will fall"
Breanne Maxine for the Union of Pinnacle Tenants
The homes of more than 10,000 New Yorkers are now at stake. One of NYC's most notorious landlords, Pinnacle Group, has sent 93 buildings -- 5,000 rent-stabilized apartments -- to a bankruptcy auction. Tenants in these buildings have documented years of mismanagement and neglect, with elevator outages trapping elderly and disabled tenants on high floors, and children suffering from the presence of mold and pests. If the buildings are sold at auction on December 12th, they are likely to fall into the hands of another predatory landlord with the same practices and priorities.

Tenants have taken matters into their own hands to organize a union — a historic effort that spans 40 buildings in 3 boroughs already — so they can preserve their housing and ensure critical repairs are finally addressed. They have the support of more than 20 elected representatives, and are actively working towards a real solution with city agencies. But aligning government resources and capacity takes time. Help us make sure tenants get a say in the auction process. Sign this petition to the bankruptcy judge and Flagstar Bank (the creditor in the proceedings) urging them to slow down the auction and allow city agencies the time to take whatever steps are needed to protect the people who live in these buildings long-term.


Petition by
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Union of Pinnacle Tenants
Brooklyn, New York

To: Honorable David S. Jones and Flagstar Bank
From: [Your Name]

Dear Honorable David S. Jones and Creditors Flagstar Bank,

I am writing to you regarding Case No. 25-11050 (DSJ), as a concerned member of the public to support my neighbors who live in Pinnacle Group (AKA Broadway Realty)’s auctioned properties.

The homes of more than 5,000 New Yorkers in 93 buildings are at stake in Pinnacle’s bankruptcy. Tenants in these buildings have documented years of mismanagement and neglect, with elevator outages trapping elderly and disabled tenants on high floors, and children suffering from the presence of mold and pests. If the buildings are sold at auction as currently designed, they are likely to fall into the hands of another landlord with the same practices and priorities as Pinnacle.

Tenants have taken matters into their own hands to organize a union — a historic effort that spans 40 buildings in 3 boroughs already — so they can preserve their housing and ensure critical repairs are finally addressed. They have the support of more than 20 elected representatives, and are actively working towards a real solution with city agencies. But aligning government resources and capacity takes time.

This bankruptcy and auction process does not simply concern assets and property, but homes and communities. Organizing a humane solution will require that tenants have a voice. I urge you to grant the tenants a say in the auction process — and slow down the auction to allow city agencies the time to take whatever steps are needed to protect the people who live in these buildings long-term.