Legal Troubles at 432 Park Avenue Luxury Tower

SOURCE www.yahoo.com
Unit owners at 432 Park Avenue in New York City have sued the developers twice, alleging construction and design defects as well as massive fraud. The luxury tower is facing issues such as cracks, leaks, elevator malfunctions, and noise. The lawsuits shed light on the challenges residents are facing in the famous building.

Key Points

  • Unit owners at 432 Park Avenue have filed two complaints against the developers, citing construction and design defects as well as massive fraud.
  • The luxury tower, once advertised as an architectural marvel, is now facing issues like cracks, leaks, elevator malfunctions, and noise.
  • The ongoing legal action has impacted sales activity and prices of units in the building.
  • Residents have experienced water leaks, elevator malfunctions, noise disturbances, and structural issues such as cracks and deterioration.
  • The lawsuits give insight into the challenges faced by tenants in one of New York City's most iconic residential buildings.