In November 2018, 432 Park suffered major back-to-back leaks - one of which propelled water into elevator shafts, shutting them down for weeks. Among the building’s biggest issues is its plumbing, which has caused frequent flooding and extensive water damage. This rich source of Schadenfreude comes to us from the New York Times, which spoke with the building’s engineers and residents and obtained various documents giving us a glimpse into their 1,400-foot-tall stomping grounds. The shortage of judges in NY’s Housing Court is causing massive pain for both tenants and landlordsĭeveloper files plan to demolish Papaya King flagship restaurant Students creeped out by landlord’s ‘big brother’ move Since 432 Park Avenue was erected in Manhattan half a decade ago, members of the ultrawealthy have shelled out millions of dollars - in one case, as much as $88 million - to get their own luxury condos in one of the tallest buildings on “Billionaire’s Row.” But what was once believed to be a literal pinnacle of high living has turned out to be the most wretched of hellholes: The $3.1 billion building is falling apart, largely due to its unreasonable height and design flaws.Times Square Applebee’s aims to move after judge rules it owes landlord $7M And its billionaire residents - who are butting heads not only with developers but with one another - are dismayed. The Brooklyn waterfront is a washout, according to roiled residents of a new residential mega project there. Several residents of Two Blue Slip - a 421-unit slice of Brookfield Properties & Park Tower Group’s Greenpoint Landing development at Commercial Street, on the East River, which is transforming an industrial eyesore into a 22-acre, multi-building master-planned neighborhood - are up in arms over alleged shoddy construction, constant leaks and dysfunctional management.
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