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Tenants Set To Recoup Losses By Pinnacle Group

by David Cruz 

In a case that’s stretches back to 2006, thousands of Bronx tenants will begin settling their legal matters with a shady landlord who attempted to drive them out of their rent-regulated apartments in order to raise rents.

An informational meeting is slated for August 14 in Harlem for locals affected by the Pinnacle Group, the owner of nearly five-dozen buildings in the Bronx. Tenants impacted by the group between 2004 and 2010 will gather Aug. 14 at 6:30 p.m. at I.S. 172 in Harlem to understand the terms of the settlement ad how to file a claim.

Despite notices sent out to thousands of tenants, Kim Powell of Buyers & Renters United to Save Harlem, a tenants rights group, said she doesn’t trust Pinnacle to have done so.

The Pinnacle Group agreed to a settlement last year, with tenants able to file claims to recoup monetary losses that ranged from time spent taking on Pinnacle to making repairs to their home to avoid eviction. Roughly $2 million has also been earmarked for attorney fees. The Legal Aid Society has agreed to aid tenants understand any legal challenges.

The case stretches back to 2006 after an investigative series by the Norwood News revealed the Pinnacle Group used questionable tactic against neighbors living in Pinnacle’s collection of properties in the northwest Bronx and parts of Harlem. Powell claims amenities such as heat and hot water were turned off as a way to force tenants out, while also withholding the processing of on-time rent checks.

Powell’s group later filed the class action suit that alleged Pinnacle committed conspiratorial acts to oust tenants. Pinnacle’s reach was wide in the northwest Bronx, with the property group in charge of five-dozen properties in Melrose to Fieldston.

Welcome to the Norwood News, a bi-weekly community newspaper that primarily serves the northwest Bronx communities of Norwood, Bedford Park, Fordham and University Heights. Through our Breaking Bronx blog, we focus on news and information for those neighborhoods, but aim to cover as much Bronx-related news as possible. Founded in 1988 by Mosholu Preservation Corporation, a not-for-profit affiliate of Montefiore Medical Center, the Norwood News began as a monthly and grew to a bi-weekly in 1994. In September 2003 the paper expanded to cover University Heights and now covers all the neighborhoods of Community District 7. The Norwood News exists to foster communication among citizens and organizations and to be a tool for neighborhood development efforts. The Norwood News runs the Bronx Youth Journalism Heard, a journalism training program for Bronx high school students. As you navigate this website, please let us know if you discover any glitches or if you have any suggestions. We’d love to hear from you. You can send e-mails to norwoodnews@norwoodnews.org or call us anytime (718) 324-4998.

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