New York Tower developers sued for $ 125 million over ‘shocking’ flaws

By Mary J. Cavanaugh On Sep 25, 2021

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By Craig Clough (September 24, 2021, 10:01 p.m. EDT) – Condominium signs for a large residential building located at 432 Park Ave. in Manhattan sued the developers for $ 125 million in damages in New York state court on Thursday, citing flooding, faulty elevators, “intolerable” noise and two electric explosions while claiming the developer has obscured and denied the problems for years.

The property’s residential and commercial boards of directors have filed a lawsuit against defendant 56th And Park (NY) Owner LLC, as well as former board members and a current member who had been appointed to serve on the boards by the developer. Most of the individual defendants work for …

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New York Tower developers sued for $ 125 million over ‘shocking’ flaws

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