All articles tagged with #432 park avenue
A luxury skyscraper at 432 Park Avenue on New York's Billionaires' Row is experiencing structural issues like cracks, water leaks, and swaying, raising concerns about the building's design and construction quality, possibly linked to its all-white concrete facade chosen by top architects and developers.
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.
The luxury tower at 432 Park Avenue on Manhattan's Billionaires' Row is facing plummeting sale prices as owners try to offload their units amid ongoing lawsuits over alleged construction defects. Complaints about noise, leaks, and other issues have led to a "toxic" litigation environment, deterring potential buyers and causing significant price reductions.