Only one sale has publicly closed since Jan, and it was this one, linked to a missing Chinese biz magnate -props to - Stefanos Chen September 24, 2021Īnd leave it to Zoomers to actually raise the bar of the conversation, because this building has a teenage Tik Tok hater. Out of 125 units (~103, if u don't count staff apts), 11 are listed for sale, from ~$7M to $169M. The board also threw shade at the design of the building, which they note received a D rating on energy efficiency /cudU7KQYD7- Stefanos Chen September 24, 2021 Board says it wasn't the only time /RciGpV41sE- Stefanos Chen September 24, 2021 In Feb, I confirmed with the FDNY one incident in which a resident got stuck in an elevator (on Halloween '19) for an hour and 25 min. Here, the board claims that a member of the team who owns in the building complained of "intolerable" noise in bad weather, purportedly bc of construction defects /m27RqPBkKV- Stefanos Chen September 24, 2021 The suit also gets personal, calling out high-level members of the development team by name. Here's original piece: - Stefanos Chen September 24, 2021Ī lot of what's in the suit echoes what we reported in Feb, but there are some new ones, like this electrical explosion (apparently 2nd in 3 yrs) that cost the building $1.5M in June /TLxkhzCitG- Stefanos Chen September 24, 2021 The resident board obv didn't want to publicize these issues, but 8 months later, they apparently reached a breaking point with the developers.
We first revealed many of these issues in February. Will thread some 👀 parts - Stefanos Chen September 24, 2021 The latest in the 432 Park saga: The condo board is suing the developers for $125M for construction issues like flooding damage, electrical explosions and hours-long elevator rides. Since many of the links above are either paywalled or “limited-articles-per-month”-walled, here’s Stefanos Chen’s, the reporter covering all the fun, breaking it down on Twitter: Whatever the case, let’s just have fun at the super-rich experiencing … well, what most New Yorkers have to face in their already overpriced, poorly maintained, and salary-draining apartments.Ĥ32 Park Avenue is the most obnoxious building in all of Manhattan and this story warmed my heart. Though he is not one for self-pitying, he admitted shortly after the building’s opening that major mistakes were made… and then he quickly recanted, probably pressured by the financiers. Moreover, the architect behind this thing happens to be the same one behind a London skyscraper that turned into a literal death ray. Well, the first thing you need to know is that you should never, ever, ever, ever underestimate the capacity of famous architects to mess up in the most colossal way you don’t want to imagine. On the other, we are talking about apartments for billionaires here, or very close to that, just look at the prices of these… actually pretty classy things at Zillowporn! I mean, they probably only hired the most renowned architects and engineers to take care of the maths, right? You might be wondering by now just how serious these structural issues are? On the one hand, you can’t build something like this without some growing pains. Consider that the Empire State Building already sways a couple of inches with strong winds and that one has the classical “wedding cake” shape. This also makes a hell of a lot of noise.
What do you think could be the most unsettling thing to happen if you’re inside a superthin, supertall building? According to these articles by the New York Times, the building has been suffering from multiple instances of flooding and leaks, electrical explosions, multiple instances of people being trapped in the elevators, and… try to guess, don’t click on the links. Turns out that the building, six years after its grand opening, is a complete disaster, and the owners are suing the developer for hundreds of millions of dollars.
Have you heard about 432 Park Avenue in New York City? That super-skinny, 400-meter tall luxury condo that looks like what a child would draw over a picture of Manhattan’s skyline?
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