Monday, January 19, 2026

Judge Greenlights $451 Million Sale of Bronx Rent-Stabilized Portfolio, Summit Inherits 6,500 Headaches

A federal judge greenlit Summit Properties USA’s $451m buyout of more than 5,100 long-neglected, rent-stabilized New York apartments, despite Mayor Zohran Mamdani’s resistance and tenants’ protests over past squalor and dodgy family ties between seller and buyer. Summit’s plan to mend 6,500 code violations won his honor’s approval—though enforcement is another tale, and New York landlords’ reputations tend not to appreciate over time.

Judge Greenlights $451 Million Sale of Bronx Rent-Stabilized Portfolio, Summit Inherits 6,500 Headaches
Gothamist

Mount Sinai Denies Patient Deaths During Nurses’ Strike as Hospitals Claim Operations Uninterrupted

Mount Sinai, embroiled in New York’s largest nurses’ strike—with 15,000 walking out—has dismissed claims that patient deaths resulted, insisting its trio of hospitals are fully staffed with over 1,400 replacements and functioning smoothly. Both union and hospital officials now deny direct links to fatalities, while the state’s health department reports no “serious operational issues”; care, and tempers, continue apace—if not always bedside manner.

Mount Sinai Denies Patient Deaths During Nurses’ Strike as Hospitals Claim Operations Uninterrupted
Breaking NYC News & Local Headlines | New York Post

Nurse Strikes in NYC Raise Short-Term Patient Risks, but May Buy Longer-Term Gains

As nearly 15,000 members of the New York State Nurses Association downed tools at Mount Sinai, NewYork-Presbyterian, and Montefiore, we find data—not rhetoric—overshadowing the picket lines: research by MIT’s Jonathan Gruber links nurse strikes in New York to a 19% rise in hospital mortality and poorer care, though collective bargaining can yield long-term gains. Healthcare’s chronic ailments, alas, persist unshaken by even the loudest whistles.

Nurse Strikes in NYC Raise Short-Term Patient Risks, but May Buy Longer-Term Gains
Gothamist

Mamdani Floats Free Child Care, New Yorkers Weigh Cost—and Hopes—of a City Baby Boom

Mayor Zohran Mamdani’s proposal for free child care and preschool in New York City has sparked hopes among urbanites that raising offspring might soon require less financial acrobatics. If adopted, the plan could chip away at the city’s sky-high child-rearing costs, though whether this will truly trigger a “baby boomlet” or just a few more strollers on the sidewalk remains—for now—at the mercy of budget spreadsheets.

Mamdani Floats Free Child Care, New Yorkers Weigh Cost—and Hopes—of a City Baby Boom
NYT > New York

Hochul Expands Subway Homeless Removals as Mamdani Eyes Police-Free Outreach in NYC

Governor Kathy Hochul aims to expand New York’s state-run SCOUT teams—nurses and police who forcibly remove homeless people from the subways—while Mayor Zohran Mamdani is talking up “transit ambassadors” rather than police-led sweeps. Subway crime fell to record lows last year, but the political tussle over PATH, an earlier Adams-era outreach program, ensures that, as ever, New Yorkers get to debate both crime stats and compassion at rush hour.

Hochul Expands Subway Homeless Removals as Mamdani Eyes Police-Free Outreach in NYC
Gothamist

Mamdani Team Forces $3 Million Repair Pledge in Bankrupt Landlord Saga—Summit Faces Clock

After a nine-hour hearing, Mayor Zohran Mamdani’s team and tenant lawyers squeezed tentative repair guarantees from Summit Properties USA, which aims to buy 5,100 rent-stabilized New York apartments from bankrupt Pinnacle Group. With crumbling ceilings and vermin on the docket, the judge signaled he’ll allow the deal—so long as Summit coughs up some commitment to actual maintenance. In New York housing, hope tends to arrive on lawyer’s letterhead.

Mamdani Team Forces $3 Million Repair Pledge in Bankrupt Landlord Saga—Summit Faces Clock
Gothamist

ACA Sign-Ups Drop in New York as Private Premiums Spike, Bronx to Brooklyn Feel the Pinch

Private health plan enrollment on New York’s ACA marketplace dipped 3% in early 2026, as state data show average premiums have jumped roughly 40% following the expiry of enhanced federal subsidies, leaving some—like skating coach Rebecca Boyden—financially pirouetting to keep coverage. Yet, more New Yorkers are signing up for the cheaper Essential Plan, if possibly with less enthusiasm for the choreography.

ACA Sign-Ups Drop in New York as Private Premiums Spike, Bronx to Brooklyn Feel the Pinch
Gothamist

Federal 1 Percent Tax to Hit Cash Remittances Abroad by 2026, Digital Options Escape

From January 2026, sending cash, checks, or money orders abroad from the United States will incur a new 1% federal tax, courtesy of Donald Trump’s latest tax law. While credit cards and digital platforms dodge the levy (but not their own fees), families wiring $79 billion in remittances yearly face higher costs—though the Treasury’s $10 billion windfall might be of some small consolation for those watching both pennies and policy.

Federal 1 Percent Tax to Hit Cash Remittances Abroad by 2026, Digital Options Escape
El Diario NY

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