A federal judge has approved the sale of more than 5,000 rent-stabilized apartments from the Pinnacle portfolio to Summit Properties despite objections from NYC Mayor Mamdani and other city officials. This decision marks a significant legal defeat for Mamdani, who aimed to halt the sale amid concerns for tenant rights and housing stability. The controversial deal, valued at $451 million, has raised alarms among tenant advocates and even state officials, who have joined in challenging the transaction. Despite these efforts, the sale has proceeded, highlighting ongoing tensions between housing policy advocates and real estate interests in a city facing a housing crisis.