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Landlord Waives Back Rent for Tenants After Being Targeted by NYC Mayor Mamdani

HeadlineJun 12, 2026

In a victory for housing rights in New York City, a landlord that owns about 5,000 apartments has agreed to waive millions of dollars in back rent after Mayor Zohran Mamdani took action on behalf of thousands of tenants. Summit Properties purchased 93 buildings from bankrupt owner Pinnacle Group in March. Many of the tenants said they had for years refused to pay rent to the Pinnacle Group over unsafe living conditions in their buildings. Mayor Mamdani said the landlord was responsible for “more than 5,000 housing violations and 14,000 complaints.” Affordable housing and tenants’ rights have been at the center of Mamdani’s agenda.

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