Federal judge blocks intervention in sale of NYC real estate agent Zohran Mamdani

A judge blocked New York City Mayor Zohran Mamdani’s efforts to intervene in the sale of thousands of rental-stabilized properties on Thursday.

Mamdani’s management wanted to slow the sale of the properties after the tenants complained that the seller, Pinnacle Group, was not taking good care of the properties and they were worried that the buyer, Summit Properties USA, would have the same problems.

Mamdani’s management tried to intervene, saying that he was the son of Pinnacle. The company owes the city more than $12 million in unpaid fines, according to Gothamist.

Bankruptcy Judge David Jones rejected Mamdani’s bid, however, setting back the new mayor’s first foray into the NYC housing market.

CEA OFFICIAL MAMDANI WEAVER SAYS ‘SOME’ REGRETS FOR HER PAST STATEMENTS AFTER DISCUSSIONS RETURN.

Jones may agree to sell Summit as soon as Thursday, but Mamdani executives say they are still looking at options.

“We will continue to fight to ensure that any owner of this fund makes the necessary repairs so that the buildings comply with the rules and respect the rental laws,” said Leila Bozorg, the city’s deputy mayor for housing, told the media.

The court defeat follows another controversy that marred Mamdani’s housing agenda, his hiring of Cea Weaver to lead the Mayor’s Office of Tenant Protection. Weaver has previously stated that home ownership is a “weapon of white supremacy” and argued that property should be considered a “collective good.”

AFTER HOURS, NYC MAYOR MAMDANI ADDRESSES TO NEWSWORLDS, HE’S REALLY GOING FOR THE BREAKING ISSUE

Mayor Mamdani’s management said they are considering their options on how to proceed with the sale of Pinnacle Group. (Photos by Spencer Platt/Getty/Getty Images)

Amid the controversy surrounding his comments, Weaver he said he regrets “the others” of his previous comments. While he did not specify which statements he regrets, Weaver said he intends to address “racial inequality” while serving New Yorkers.

“But you know, I think my decades of experience fighting to find affordable housing on my own,” Weaver said. “I am proud to be in this role fighting for the rights of powerful tenants. And I think that for many years, people have been locked out of the real estate market, and that has created systemic and racial inequality in our system.”

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“I want to make sure everyone has a safe and affordable place to live – whether they rent or own,” he added. “And that’s my focus in this new role.”

Alec Schemmel of Fox News contributed to this report.