Trending
Pinnacle audit ordered by state
The state attorney general’s office ordered Pinnacle Group to hire an accounting firm to review their lease transactions over the past four years on rent-stabilized apartments. The audit will seek to determine whether Pinnacle overcharged tenants. Pinnacle, which has purchased an estimated $1 billion in Upper Manhattan and Bronx property over the past few years, has been widely criticized as a negligent landlord that has unfairly raised rents for many tenants. more [NYT]