We previously reported that the petition of Pinnacle Group NY, the real estate company that owns, among some 400 residential properties in New York City, the historic Riverside Apartments, on Columbia Place between Joralemon and State streets, for review of an administrative decision denying its request for permission to build a parking garage under the courtyard separating the Riverside Apartments from the BQE (and in the process destroy several mature trees), was denied. Now, it appears, Pinnacle has another and potentially greater problem.
Crain’s New York Business: A federal district court judge has given the go-ahead for a class-action lawsuit to proceed against landlord Pinnacle Group NY and its chief executive, Joel Weiner.
Plaintiffs Marjorie and Theodore Charron, Andres Mares-Muro, Raymond Andrew Stahl-David, and Kim Powell allege that Pinnacle and Mr. Weiner have engaged in a wide ranging scheme to harass and intimidate its tenants and evade New York’s rent regulation laws with its properties. In addition, the plaintiffs charge that Pinnacle’s conduct violates the federal racketeering statute, RICO, and the New York Consumer Protection Act.
The article does not state if any of the named plaintiffs are tenants at Riverside, but the court’s certification of a class consisting of all rent regulated tenants in Pinnacle owned buildings as of April 27, 2010 means that any Riverside tenants meeting that description are plaintiffs, unless they choose to opt out of the class action.
Addendum: Does anyone know of any other Pinnacle owned buildings in the Heights or adjoining neighborhoods?