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MLN — 12 JAN 2026: A federal bankruptcy judge has denied New York City Mayor Zohran Mamdani’s request to pause the sale of more than 5,000 rent-stabilized apartments tied to a major real estate bankruptcy case, allowing the transaction to move forward as planned.
City officials had asked the court for additional time to explore options they said could better protect tenants living in the buildings,
Raising concerns about property conditions and outstanding penalties linked to the portfolio. The judge declined to delay the sale after reviewing the request.
Tenant groups have continued to voice concerns about how a change in ownership could affect building maintenance and rent protections,
While a leading bid for the apartment portfolio remains under court review as the process continues.
The ruling represents an early legal setback for the mayor, whose administration has emphasized housing enforcement and tenant protections as priorities while the sale proceeds under federal oversight.