About Us
“We are rent-stabilized and organized!"
Union of Pinnacle Tenants is just that: tenants in apartments owned by Pinnacle, organizing into a union so we can stay in our homes, get critical repairs done across our buildings, get accountability from our landlord, and take control of our housing.
Right now there are tenant associations in almost 40 Pinnacle buildings; and we want the whole portfolio to join our union. We fight for every single Pinnacle Tenant!
About Pinnacle
Owned by Billionaire Joel Wiener, Pinnacle Group is one of the largest landlords in NYC with around 140 buildings and 9,000 apartments across the city—that means it controls the housing of 15,000 New Yorkers.
For decades, Pinnacle has bought up rent-stabilized buildings in Black, working-class and immigrant neighborhoods, denied them necessary maintenance, and forced them into disrepair.
Pinnacle’s business model was designed to force out long-term tenants, to maximize rent hikes, and to remove tenant protections by destabilizing apartments or converting them into condos. Rather than put tenants’ rents back into the buildings where they live, Pinnacle has made its owner a billionaire and enriched its investors on the Tel Aviv Stock Exchange.
Putting profits over basic living standards, Pinnacle has forced tenants to endure long-standing housing violations including pest infestations, mold, leaking pipes and broken elevators – violations which put children and senior tenants most at risk.
The Union of Pinnacle Tenants is organizing to disrupt Pinnacle’s strategic neglect and systematic harassment by building tenant power and taking collective action.
About Pinnacle’s Foreclosure and Bankruptcy
In an effort to buy-up more buildings throughout NYC, Pinnacle took out massive debts on its properties and over-leveraged its portfolio. After years of financial mismanagement, Flagstar Bank launched a foreclosure action against the company – for $600 million owed. In response, Pinnacle filed for Chapter 11 bankruptcy on half of the buildings in its portfolio and has moved to auction off those buildings at lightning speed.
For Pinnacle tenants: foreclosure and bankruptcy does NOT mean you are losing your home, your lease, your rent stabilization, or your rights. If your building is seized or sold, your rights remain the same.
This moment offers an opportunity for us to come together as Pinnacle tenants to improve our living conditions and take control of our housing.
We are fighting for a say in the auction process to ensure that repairs are made, our rent stabilization is respected, and our buildings aren’t sold to yet another abusive landlord. We deserve a say in our future!