Mass Exodus and Lawsuits Plague 432 Park Avenue
TL;DR Summary
Owners at 432 Park Avenue, a luxury skyscraper on Manhattan's Billionaires' Row, are looking to sell their units amid ongoing legal battles over alleged construction defects and developer mismanagement. The condominium board's lawsuit claims the building has over 1,500 defects, leading to significant devaluation of the units. Developers deny the allegations, calling the lawsuit misguided. The dispute has resulted in numerous units being listed for sale at reduced prices.
Topics:business#432-park-avenue#billionaires-row#developer-malfeasance#lawsuit#real-estate#real-estate-market
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